Like other semiconductor stocks, Nvidia (NVDA) has been hit hard in 2022 NVDA stock still trades for 16 times annual revenue and 44 times earnings When the current panic ends, investors should pounce Source: Michael Vi / Shutterstock.com Nvidia (NASDAQ:NVDA) stock is beginning to look like a bargain again. At its May 12 closing price
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U.S. stock futures were pointing to a higher start for Wall Street at the end of a volatile week, after Federal Reserve Chairman Jerome Powell cooled speculation over the potential for 75-basis point rate hikes. How are stock-index futures trading? S&P 500 futures ES00, +1.17% rose 1.1% to 3,971 Dow Jones Industrial Average futures YM00,
Roblox Corporation (NYSE:RBLX) is on the run again. After plummeting from a high of $141.60 to a low of $21.65, the gaming stock appears to have bottomed out. It’s also starting to pivot higher from oversold relative strength, moving average convergence divergence, and Williams %R. Even better, the stock is shrugging off its latest earnings
The critical takeaway from the recent annual meeting of Berkshire Hathaway BRK.A, -1.36% BRK.B, -1.12% has been the least reported: the shareholder base has changed radically and the only way to assure that Berkshire endures beyond Warren Buffett is for his controlling stake be preserved after he leaves the scene. Buffett spent his life cultivating a high-quality
Despite its big drop in price, you may still think Upstart Holdings (UPST) is a steal at today’s prices. However, there’s a caveat; this fintech firm’s AI-based underwriting model could fare badly in an economic downturn. Even if you think the market has overreacted to recent earnings, you may want to still take your time.
TOKYO—Japanese technology investor SoftBank Group Corp. on Thursday reported the biggest annual loss in its four-decade history because of the global selloff in technology shares. SoftBank 9984, -8.03%, known for its $100 billion Vision Fund, reported a net loss of ¥1.71 trillion, equivalent to $13.2 billion, for the year that ended March 31. That was
Electric Vehicle juggernaut Tesla (NASDAQ:TSLA) stock will be increasing its output in its Shanghai facility to restore production to levels before new cases of the coronavirus lock down the city. An internal memo revealed that Tesla would be ramping up production to 2,600 cars a day in its Shanghai plant by mid-May. It plans to
A bill that would preserve access to abortion across the U.S. failed in the Senate on Wednesday, as a lone Democrat joined with all Republicans in blocking the legislation. Democrats were attempting to codify the landmark Roe v. Wade decision that legalized abortion nationwide, as a draft Supreme Court opinion suggests the court is poised
Biotech stocks have been through an extended lean patch, making them ideal candidates for a strong rebound. Verrica (VRCA): Approval of its viral skin disease treatment could transform the company into a commercial-stage biopharma. Amicus (FOLD): Pompe disease treatment approval opens up huge market opportunity for the biopharma. Athersys (ATHX): Potential approval for Japanese licensee
The so-called algorithmic stablecoin TerraUSD fell as low as 30 cents on the dollar on Wednesday, demonstrating in real-time the difficulties the cryptocurrency community will have in providing an alternative to the traditional financial system. TerraUSD is a coin backed by another crypto, called Luna. The way it’s supposed to work is that when TerraUSD,
FuboTV (NYSE:FUBO) reported its first quarter of 2022 earnings on May 5 after the markets closed, and FUBO stock is down 18.6% since. While the sports-focused video streaming platform reported 102% revenue growth over last year, the 101% increase in its GAAP losses has spooked some but not all investors. In fact, Wedbush analyst Michael
The list of reasons why the financial market’s wild swings can keep going and even worsen is growing by the day — starting with the fact that investors aren’t yet pricing in worst-case scenarios for inflation and the U.S. economy. Though Wednesday’s consumer-price index report for April should offer more clues, the data won’t entirely
Novavax’s Covid-19 vaccine still isn’t approved for use in the U.S. With the pandemic in full retreat and the majority of people now fully vaccinated, demand for Novavax’s vaccine is likely to be weak. Rival pharmaceutical companies Pfizer and Moderna have beat Novavax to market with multiple Covid-19 treatments. Source: rarrarorro / Shutterstock.com Any hope
Dear MarketWatch. We are thinking about building a modern home on 26 acres in the Texas Hill Country. We would pay cash; the estimated costs to build excluding the land is $2.1 million. Including land, it would be close to $3 million in value. We are retired and this would be our forever home and
SoFi Technologies (NASDAQ:SOFI) reports its first quarter 2022 earnings on Tuesday after the markets close. If you own SOFI stock, I don’t think you need to worry about any negative surprises. The big elephant in the room — the federal student loan moratorium extended through August — and its effect on its business here in
Rivian Automotive Inc. is slated to report first-quarter earnings after the bell Wednesday, with the EV maker battling a steep decline of its shares and fears of continued operational snags. Rivian RIVN, -20.88% stock was under renewed pressure this week amid reports that, after the post-IPO lockup period had passed, Ford Motor Co. F, -5.77%
Given QuantumScape’s (NYSE: QS) relatively high valuation and the fact that its batteries, in a best-case scenario, won’t be commercialized for many years, the risk/reward ratio of QS stock is unfavorable at this point. Also worth noting is that investors are rather skeptical about pre-revenue companies such as QuantumScape in the current macro environment, while
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday. Dow Jones Industrial Average futures YM00, -1.10% were last down more than 300 points, while S&P 500 futures ES00, -1.16% and Nasdaq-100 futures NQ00, -1.09% were each off around 1%. Cryptocurrencies fell over the weekend as
The number of zombie companies ebbs and flows with economic cycles and usually increases during recessionary periods. Diebold Nixdorf (DBD): The ATM machines business contributes to top-line growth as customers increasingly shift toward automation and self-service. Mattel (MAT): The toy company plans to produce more than a dozen movies, including the highly anticipated Barbie movie in 2023.
Americans still hold onto the dream of homeownership — but rising prices are giving them pause. A new poll from Gallup found that only 30% of Americans believe now is a good time to buy a house. It’s the lowest level on record since Gallup began surveying Americans on this question beginning in 1978, and