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Key Points Alibaba’s position as the leading cloud provider in Asia has its stock rising. Chinese AI models are gaining market share again. Shares look reasonably cheap, but it is tough to value a foreign company. 10 stocks we like better than Alibaba Group › Shares of Alibaba (NYSE: BABA) rose 27.4% in July, according ...
SpaceX (NASDAQ: SPCX) and Tesla (NASDAQ: TSLA) are preparing for a megamerger. At least that’s what a growing number of reporters and experts believe. “Investors and analysts have long speculated about the possibility of combining Musk’s electric vehicle and space firms, with the discussion intensifying during SpaceX’s record $75 billion initial public offering process,” Reuters ...
Key Points Peter Thiel, one of Silicon Valley’s most prolific investors, co-founded Palantir (NASDAQ: PLTR) with Stephen Cohen, Joe Lonsdale, Alex Karp, and Nathan Gettings in 2003. Through his personal assets and venture capital fund, Thiel invested about $30 million in the new company. Before Palantir went public through a direct listing in 2020, Thiel ...
Jeff Bezos has filed to sell nearly $4 billion worth of Amazon AMZN shares, days after the company posted a blowout second-quarter report. AMZN shares fell more than 2% on Aug. 4 after Bezos’ filing, but had already rallied to a record close of $284.02 the previous day and roughly 20% since the July 30 ...
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Here’s a quick recap of the crypto landscape for Wednesday (August 5) as of 10:00 a.m. UTC. Bitcoin price update Bitcoin (BTC) was priced at US$64,103.14, up by 0.4 percent over the past 24 hours. Chart via The ...
What happened Shares of Advanced Micro Devices (NASDAQ: AMD) fell 6.1% on Tuesday as fears of an imminent slowdown in the semiconductor industry intensified. So what Investors are growing more concerned that the economy could be headed toward a recession. With inflation raging, COVID-19 continuing to disrupt supply chains, and conflict in Europe driving up ...
Key Points Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is the largest AI hyperscaler, sitting at a $4.35 trillion market cap. It is a major player in the AI realm, as it has a dominant cloud computing service and is also competing with its own family of large language models. The decisions that it makes influence the ...
Key Points Oracle’s stock continues to underperform its peers due to AI-related concerns, and the deterioration caused to its balance sheet caused by its AI infrastructure buildout. Oracle recently secured a major Pentagon contract, and a constructive deal with Alphabet that helped strengthen the case for the stock. 10 stocks we like better than Oracle ...
Key Points Alphabet recently announced it is expanding its partnership with NBCUniversal. YouTube Premium subscribers will have access to an ad-supported version of Peacock Premium. The move may set the stage for fiercer competition between Netflix and YouTube. 10 stocks we like better than Alphabet › Netflix (NASDAQ: NFLX) is a leader in the streaming ...
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P Ultra Dividend Revenue ETF (Symbol: RDIV) where we have detected an approximate $421.9 million dollar inflow — that’s a 30.4% increase week over week in outstanding units (from 22,010,000 to 28,710,000). Among the ...
