Jordan Chiles comments on the Olympic medal controversy
This is a published version of the Forbes Daily NewsletterYou can sign up here to get Forbes Daily delivered to your inbox. Good morning, Lauren Sánchez is aware that most people see her as the fiancé of the second richest…
Wall Street closes; hopes for a sharp Fed rate cut dampened
HISTORY: U.S. stocks closed higher on Wednesday, thanks to a rebound in technology stocks and despite inflation data that dampened investor sentiment earlier in the session. The Dow gained three-tenths of a percent, the S&P 500 climbed one percent and…
Nasdaq and S&P 500 rise as Nvidia leads recovery from CPI sell-off
Following higher-than-expected inflation figures on Wednesday, markets are quickly pricing in a higher probability that the US Federal Reserve will decide on a small interest rate cut at its September meeting. Markets sold off after news that the Fed will…
Billionaires sell Nvidia shares and buy an index fund whose price could rise by 43%, according to a Wall Street analyst
Artificial intelligence has been the dominant investment theme over the past two years. NVIDIA has stolen the spotlight. The company has reported triple-digit revenue growth over the past five quarters, and shares have increased more than sevenfold since January 2023,…
These billionaires have bet on these AI stocks, but should you buy them?
While major market indices are near new highs, some of the world’s most prominent billionaire investors continue to favor established industry leaders involved in artificial intelligence (AI). Chase Coleman’s net worth is estimated at over $5 billion, according to Forbes….
Nvidia and chip stocks fluctuate after the previous day’s sell-off
(Reuters) – Chip companies led by market leader Nvidia were expected to extend losses on Wednesday following a sharp sell-off in the previous session, reflecting growing concerns on Wall Street about the stocks’ high valuations as AI optimism fades. Nvidia…
Nvidia Rout: Traders Eye $100 Stock Level Amid ‘Vacuum’
(Bloomberg) — The sharp sell-off that wiped a record $279 billion off Nvidia (NVDA) Corp.’s market value on Tuesday has traders scouring the charts for clues about where the slide might end. Most read by Bloomberg For Jay Woods, chief…
2 Hypergrowth Artificial Intelligence (AI) Stocks With Up to 243% Upside Potential, According to Select Wall Street Analysts
Investors have been waiting for decades for a new innovation or trend that could do for the American economy what the Internet did some three decades ago. After much patience, the artificial intelligence (AI) revolution seems to be answering that…
Nasdaq gets off to a bumpy start in September as Nvidia sell-off continues
U.S. stocks fell on Tuesday, marking a historically difficult month for markets, with AI darling Nvidia (NVDA) and chip stocks dragging tech stocks lower. Meanwhile, attention turned to a week of economic and labor market data, led by a key…
Why Intel shares are up today
Intel (NASDAQ:INTC) The stock is rising in trading on Thursday. The company’s share price was up 4% at 11:30 a.m. ET, according to data from S&P Global Market Intelligence. Intel shares are gaining ground thanks to very strong results, which…
