“I've been following Nvidia my whole life; it's a highly cyclical stock” — because of this, “Cathie Wood” made less than a billion dollars!
Driven by the artificial intelligence boom, Nvidia's stock price has soared more than six times this year, but apparently the biggest winner in this round of markets does not include Cathie Wood (Sister Mu), a former star fund manager in tech stocks. Regulatory documents show that in the first quarter of this year, Cathie Wood chose to continue selling Nvidia, selling 81,239 shares. As of March 31, Cathie Wood Toujie's Ark Investment held 67,000 Nvidia shares worth about 75 million US dollars. Over the past year or so, even though Nvidia's stock price has reached new highs, Cathie Wood has decided to continue selling Nvidia, causing Ark Investment to miss out on more than 12
Most S&P 500 Firms Beat EPS Expectations but Fell Short on Revenue This Week - Earnings Scorecard
Tesla Fires Back At Hostile Proxy Advisory Firms, Rivian's 'Messy' Q2 Warning, Faraday Future Stock Deflates And More: Biggest EV Stories Of The Week
Electric-vehicle shares finished the week ending on May 31 on a mixed note, with market leader Tesla, Inc. (NASDAQ:TSLA) recording modest losses. The lackluster market mood amid the release of some we
Benzinga Bulls And Bears: Nvidia, Tesla, Alphabet And Shiba Inu Investor Turns $2,625 Into $1.1M
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.The S&P 500 and Nasdaq ended their five-week winning streaks with decl
'Stick With What's Working' as Markets Head Into June Trade: Fundstrat's Tom Lee
Watch These Consumer Stocks for a Potential Boost From a Stock Split Announcement
Fueled By Craze For Nvidia, South Korean Crypto Traders Embrace Risky AI-Linked Tokens
South Korean traders are showing a growing interest in digital assets linked to artificial intelligence (AI.) This surge in interest has seen the country's share of global trading volumes for Nvidia C
On the last trading day of May, US stocks staged a “spectacular reversal in 20 minutes”! Will the offensive continue in June?
In the final trading phase in May, a new round of fluctuations enveloped the US stock market. Amid alternating fluctuations in technology and other industries, buying on dips greatly boosted the market. According to reports, with the help of a strong rebound in US stocks in the last 20 minutes, the benchmark stock index for US stocks, the S&P 500 index, finally rose nearly 1% on Friday, hitting its best monthly performance since February this year. In the last 20 minutes, the S&P 500 index rebounded sharply from a 0.2% drop to close at a rate close to 1%, while the intraday decline was close to 1%. Earlier in the US stock market on Friday, dragged down by large technology stocks, the S&P 500 index
Elon Musk Faces $7.5B Insider Trading Allegation From Tesla Shareholder
Tesla shareholder Michael Perry on Thursday filed a lawsuit against Elon Musk alleging insider trading when the CEO sold shares worth over $7.5 billion in the last two months of 2022.
Elon Musk Reveals Tesla's FSD Will Have Three Modes for Drivers to Choose From: 'Chill, Standard and Hurry'
Tesla CEO Elon Musk on Friday said that its full self-driving (FSD) driver assistance software will have three modes in the future, namely 'chill,' 'standard,' and 'hurry.'
Apple took the lead. In May, US stocks announced repurchases of more than 200 billion US dollars, a record high for the same period
Apple's record buyback program has boosted repurchase activity across US stocks. According to Birinyi Associates data, US listed companies announced a $2010 billion share repurchase plan in May, up more than 41% year over year, setting a record high for that month in history, and the fifth highest since records began. At the beginning of May, Apple officially announced a stock repurchase plan of 110 billion US dollars during the first quarter earnings call, accounting for more than half of the total US stock repurchase plan. Analysts believe that large-scale stock repurchase plans may help support underperforming US stocks since the end of March. Stock repurchases
Tesla's Humanoid Bot Optimus Guides Shareholders On Voting Process Ahead Of Key June Meeting
EV giant Tesla Inc (NASDAQ:TSLA) on Friday released a step-by-step guide for shareholders to vote ahead of the company's upcoming meeting in June.What Happened: Tesla used its humanoid bot, Optimus, t
Key driver of the S&P 500 Index's record high: repurchase promises of up to $2010 billion
According to some data, the share repurchase plan disclosed by the company in May reached 2010 billion US dollars, setting a new record in May; the repurchase announced by Apple was the largest share repurchase plan officially announced in May; in the first quarter, the completed repurchases of S&P 500 companies reached 2020 billion US dollars.
The AI concept stock boom has cooled down, and this US power company, which is stronger than Nvidia's gains, has plummeted
On Friday, Texas power producer Vistra, the “hidden winner” of the AI boom, fell sharply by 10% in the intraday session. Although the decline narrowed at the close and closed down by nearly 6%, the performance was clearly weak compared to the NASDAQ 100, which had the same deep decline during the day but recovered almost all of its decline at the end of the session. In fact, Vistra only hit an all-time high earlier this week. The company's plans to expand natural gas production capacity have raised a certain level of concern in the market. Combined with the overall sentiment of the market, which is becoming more risky in recent days, the stock price increase has come to a standstill. Vistra has increased by more than 300% in the past 12 months, becoming
Nvidia Is South Korea's Favorite Foreign Stock: Jensen Huang's Chip Company Can't Stop Winning
One of the top gaining S&P 500 stocks over the last year has been NVIDIA Corporation (NASDAQ:NVDA), which just reported a beat and raise in the first quarter.Investors and funds are flocking to hold s
Wall Street Snaps Five-Week Winning Streak, Economic Growth Slows, Inflation Holds Steady in April: This Week in the Market
The U.S. stock market ended a five-week positive streak as investors feared that slowing economic momentum could impact the earnings outlook for American corporations.
S&P, Closes up 4% in May | Market Story
As a general recap, indexes were catios and flatter Friday. Just after 10 AM EST, the $S&P 500 Index traded up just 0.05%, the $Dow Jones Industrial Average climbed 0.12%, and the $Nasdaq Composite In
Biden Urges Israel, Hamas To Accept 3-Stage Hostage, Cease-Fire Deal In Gaza: 'It's Time To End This War'
President Joe Biden proposed a comprehensive hostage and cease-fire deal on Friday, urging both Israel and Hamas to accept terms to bring an end to the ongoing conflict in Gaza.The new Israeli proposa
Google continues to “slim down”: cloud business revealed widespread layoffs
Google is further “slimming down” and cutting costs. The latest impact of the layoffs is on the cloud business team. On Friday, May 31, EST, the media quoted an internal document saying that employees of several Google Cloud teams received layoff notices. According to the media, although the total number of layoffs is unknown, some employees estimate that about 100 people have been laid off in Google Cloud's “Go To Market” (Go To Market) department in the Asia Pacific region. Cloud teams focused on consulting, partner engineering, and sustainability have also been affected by layoffs, as the aforementioned documents show. The document also shows that some recently hired employees have also been fired, including at least one who has yet to complete their employment
'This Is What We Really Needed': NYSE Trader Reacts To Inflation Data And Its Impact On Stock Market
April's PCE report, the Federal Reserve's preferred measure of inflation, came in in-line with expectations as prices appeared to remain steady. While the SPDR S&P 500 Index Trust (NYSE:SPY) popped in