Previous bull runs in the crypto market made many folks rich, fast. And as with any get-rich-quick scheme, the bottom tends to fall out at some point. Last year, many speculators and those using leverage in the crypto markets got wiped out trading in ultra-risky cryptos. This year appears to be shaping up to be
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It’s undeniable that Nvidia (NASDAQ:NVDA) is a darling of the market now. NVDA stock seems unstoppable as the company is a major supplier of hardware for generative artificial intelligence applications. However, with so much positive news and future success already priced into the shares, cautious investors shouldn’t get too excited about Nvidia now. Last week, I
Why do investors buy Rivian Automotive (NASDAQ:RIVN)? The answer is simple. Those buying RIVN stock believe that the vehicle electrification mega-trend will cause turbo-charged growth for this electric truck and van maker driving a big rebound for shares. However, it’s far from a given that such a scenario plays out. It’s important not to assume
During May, and for part of June, there was little in the way of direct news regarding electric battery (or EV) technology company QuantumScape (NYSE:QS). However, after weeks of static, there once again has been some widely-publicized chatter about QS stock. Unfortunately, the news itself wasn’t exactly the kind of thing that bolsters confidence from the
Not all stocks are worthy of investor capital. Today, we’ll be looking at three poor-performing stocks to avoid. As the market marches higher this year, these stocks are sliding. Whether it is because they have lost their competitive edge, have poor financials, or are producing outdated products, the best days of the companies below appear
The overall energy market has seen a decline since the end of 2022. Stocks within the energy and oil and gas sectors saw a large amount of growth in 2022 while the broader was falling. This was due to multiple factors, including the war in Ukraine, supply chain disruptions, higher demands for goods, and increased
High-performance automotive lidar (light detection and radar) sensor company MicroVision (NASDAQ:MVIS) has received a lot of attention from meme-stock traders lately. Yet, that’s not a sufficient reason to invest in MicroVision now. MVIS stock appears to be running out of steam, and the next big move is probably to the downside. The last thing I
There’s a slew of fresh data pertaining to China-based electric vehicle (EV) manufacturer Nio (NYSE:NIO). Overall, it doesn’t support a long position in NIO stock. Prospective investors should be cautious now, and Nio’s current shareholders might consider bailing before it’s too late. Not long ago, I warned that Nio’s shareholders should sell quickly. I’m standing by
After a strong start, cryptocurrencies have experienced sideways trading in the first half of 2023. However, the recent downturn in May has impacted many cryptocurrencies. Safe and practical crypto projects have been less affected, while investors have been selling off risky and outdated names to rebalance their portfolios. While the crypto market shows long-term promise
Not long ago, I issued a bullish call on Nvidia (NASDAQ:NVDA) stock. I still like Nvidia’s long-term prospects as a company. However, I don’t recommend investing at any price. My concern is that artificial intelligence (AI) hype has distorted Nvidia’s valuation, so a share price pullback may be due. There are growth stocks in 2023, and
I was wrong about Nvidia (NASDAQ:NVDA) stock. I called it overpriced. While it’s a long-term winner, I thought paying 23 times revenue was too much. Nvidia’s first quarter earnings of $2.04 billion, 82 cents per share, and revenue of $7.19 billion, were well ahead of expectations. But what sent NVDA stock up nearly 25% was
Since its last earnings release last month, there has been little news out of Rivian Automotive (NASDAQ:RIVN). With this, there is plenty of speculation regarding what happens next for the company, and for RIVN stock. Based on how the early-stage electric vehicle maker’s shares are performing right now, it’s clear that the market overall holds
If you feel that 2023’s financial-sector crisis has passed, you might be tempted to load up on Goldman Sachs (NYSE:GS) stock. Yet, a top executive at Goldman Sachs recently issued a warning that investors should pay attention to. Along with that, Goldman Sachs’s planned staff reduction suggests that the company’s management might anticipate near-term challenges. Don’t
Li Auto (NASDAQ:LI) stock just got a little more complicated. It has won a reputation in China as its best producer of luxury electric vehicles, but its latest model is a hybrid. The company announced the Li 7, a five-seat SUV, February. Li delivered over 10,000 Li 7s in its first month of production. Its
Nvidia (NASDAQ:NVDA) established itself as a powerhouse for software companies looking to tap into the exponential growth potential of AI and other high-growth technologies. Even better, year to date, the Nvidia stock has surged this year on strong earnings. In addition, Nvidia’s chips continue to hold a strong market share relative to competitors like Intel (NASDAQ:INTC)
So far this year, the only advice you’ve needed with Nvidia (NASDAQ:NVDA) stock has been to not fight the tape. With the emergence of the generative artificial intelligence mega-trend at the start of 2023, NVDA stock has zoomed from $150 per share, up to $200, $300, and most recently, $400 per share. However, with the
On Monday, Mullen Automotive (NASDAQ:MULN) announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new terms, the EV startup would provide its backers 296.9 million of common stock and pre-funded warrants for a $45 million capital injection. This replaces an agreement that offers Series D
Meta Platforms (NASDAQ:META) has been the hottest of the “Cloud Czars” in 2023, with its stock up 125%. The other Czars, who among them own the bulk of the world’s hyperscale data centers, include names like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Apple (NASDAQ:AAPL). Their stocks are also up, but not by half as much. Meta is the
If you have to boil down 2023 into a single theme, it would have to be artificial intelligence. Even though AI in various forms has been around for a while, it’s the emergence of generative AI and ChatGPT that has turned enthusiasm into outright mania. That’s also instigated a furious mega-cap tech stock rally that’s
The U.S. Department of Agriculture is cracking down on misleading meat labels. The USDA says it will collect samples from animals that will be marketed to consumers as “raised without antibiotics” or meat labeled “no antibiotics ever” to make sure the marketing claims and labels are accurate. The outcome of these tests will help the