Nvidia $NVIDIA(NVDA.US)$ is on a tear this year in 2023 with almost 240% gain as of September 1 closed. Recently there has been some battling around $500 mark. In general, one would think NVDA should be very expensive at this point and it's a strong sell at $500, but is it though?
92.4 trailing P/E on surface is outright expensive, we need to understand trailing P/E doesn't tell us the company's future growth. For example, we often see Banking sector tra...

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U.S. Treasury yields rose sequentially early this month as the S&P 500 and Nasdaq 100 had their worst weekly performance since February. Earnings from large tech companies were mixed this month, with $NVIDIA(NVDA.US)$posting impressive results, but the tech sector lost momentum and the market is looking for the next catalyst. Fed's Jerome Powell reiterated in his Jackson Hole speech that the central b...

$NVIDIA(NVDA.US)$ said its board approved $25 billion in additional share repurchases "without expiration," and that the company plans to continue repurchases this fiscal year.
Meanwhile, several other megacap tech and growth companies have announced even bigger buybacks this year: $Apple(AAPL.US)$ at $90 billion, $Alphabet-C(GOOG.US)$ at $70 billion and $Meta Platforms(META.US)$ at $40 billion.
In the first half of the year,...

$Tesla(TSLA.US)$'s shares fell by 6.06% Monday as Goldman Sachs downgraded the company to neutral from buy after Morgan Stanley and Barclays reduced their ratings last week. Goldman Sachs believes the stock better reflects its "positive long-term view" of the electric vehicle company's growth and competitive positioning.
With the rapid decline in the past week, Tesla's stock price is approaching the gap between 235.23-240.70.
As Tesla's sea...

Following the announcement that both $Ford Motor(F.US)$ and $General Motors(GM.US)$ will adopt $Tesla(TSLA.US)$'s NACS connector in future electric vehicles in North America, Tesla's Supercharger network has won another convert, electric-vehicle star-tup $Rivian Automotive(RIVN.US)$.
Tesla's NACS connector is also gaining support from several other companies, primarily charging station manufacturers an...

$Tesla(TSLA.US)$'s stock is currently on track for 11 consecutive days ,its longest winning streak since January 2021. The stock has surged over 90% since the beginning of the year.
What exactly is driving the stock price?
375,000 Cybertrucks Annually
During Thursday's trading hours, Electrek reported that Tesla plans to produce 375,000 Cybertrucks per year, according to communications they sent to suppliers, and will unveil a prototype by the en...