Summary: Nvidia CEO Jensen Huang is actively recruiting for his company, emphasizing that Nvidia is a great place to work and highlighting his leadership qualities and the company's success in the artificial intelligence space.
Full articleSummary: Intel is still struggling to fix random crashes on their Core i9 Raptor Lake and Raptor Lake S chips despite ongoing investigations and microcode patches. The company acknowledges eTVB as a potential contributor to the instability issues.
Full articleSummary: Intel is investigating instability issues reported by 13th and 14th Gen CPU users, responding to claims of a 'root cause' involving a microcode algorithm error associated with Thermal Velocity Boost. Despite acknowledging the error, Intel has not confirmed it as the main problem.
Full articleSummary: Salesforce.com (CRM) has been one of the most searched-for stocks on Zacks.com lately, experiencing a -18.8% return over the past month, compared to +3.7% for the Zacks S&P 500 composite. The Zacks Rank #3 (Hold) indicates that the stock may perform in line with the broader market in the near term. Fundamental factors such as earnings estimates, revenue growth, and valuation metrics are crucial in determining the stock's future performance.
Full articleSummary: Zacks Premium offers various tools to help investors confidently invest in the stock market, including the Zacks Style Scores which rate stocks based on value, growth, and momentum characteristics. Salesforce.com (CRM) is a stock to watch with a #3 (Hold) Zacks Rank, a VGM Score of A, and top-tier Growth and VGM Style Scores.
Full articleSummary: The Home Depot announced the expiration of the waiting period under the HSR Act for its pending acquisition of SRS Distribution Inc., expected to close on or about June 18, 2024, subject to customary closing conditions.
Full articleSummary: A zoning decision in California's Silicon Valley could determine the fate of a new power plant needed for Internet-connected businesses. Calpine Corp. and Cisco Systems are opposing each other in the siting struggle.
Full articleSummary: Apple's newest M3-powered 13-inch and 15-inch MacBook Air models are ranked as some of the best laptops in their class. Amazon is currently offering record-low prices for these laptops, with the 13-inch model starting at $899 and the 15-inch model starting at $1,129.
Full articleSummary: Pfizer Inc. (PFE) stock is currently experiencing a significant downturn, with the price at its lowest since April 30, 2024. It is down 8.17% over the past eight consecutive days, marking the longest losing streak since June 29, 2023.
Full articleSummary: Nvidia Inc (NVDA) stock could be undervalued, with its powerful free cash flow and FCF margins suggesting it could be worth $200 per share. Analysts' valuation estimates are increasing. A strategy to play this is to short out-of-the-money puts.
Full articleSummary: Intel Corporation has a consensus rating of 'hold' by 34 analysts with a mean target price of $38.50, indicating a potential upside of 26.4%. Other data points include a 50-day moving average of $32.38, a 200-day moving average of $39.33, a market cap of 129.62B, dividend yield of 3.8%, P/E ratio of 31.39, revenue per share of $13.11, and a 0.24% return on assets. The company is engaged in designing and manufacturing products and technologies across various segments.
Full articleSummary: European tech regulators are putting pressure on Meta and Apple with potential antitrust charges under the Digital Markets Act, impacting their AI and ad-targeting practices. OpenAI is considering becoming a for-profit benefit corporation. YouTube intensifies its battle against ad blockers by embedding ads directly into videos.
Full articleSummary: Red Mountain Financial LLC acquired a new position in Union Pacific Co., several other institutional investors also increased their holdings. The firm has a 50-day simple moving average of $235.37 and a 200-day simple moving average of $240.86. Union Pacific announced a quarterly dividend of $1.30 per share with a dividend yield of 2.35%. Research analysts are mostly positive on UNP stock, with an average rating of 'Moderate Buy'.
Full articleSummary: 2 analysts expressed bullish sentiments on Walt Disney and Tencent Holdings Limited, with price targets set at $120.00 and HK$455.00 respectively. Analyst consensus for Walt Disney is Strong Buy with an average price target of $129.38, and for Tencent Holdings Limited is also Strong Buy with a price target consensus of $58.56, implying a 22.0% upside from current levels.
Full articleSummary: The Motley Fool Stock Advisor did not recommend Broadcom as one of the top 10 stocks to buy now, highlighting other potential investments that could produce significant returns in the future.
Full articleSummary: GE Aerospace showcases its Time Sensitive Networking (TSN) Digital Backbone at MOSA Industry and Government Summit, enabling Modular Open Systems Approach (MOSA) for easy aircraft system modifications and a high-speed data infrastructure.
Full articleSummary: Interest rate cuts and continued earnings growth are expected to power the Dow Jones to above 100,000 within the next decade. Main Street Research CIO James Demmert advises overweighting technology stocks due to a continued AI boom.
Full articleSummary: Comcast Corporation Class A (CMCSA) is experiencing a significant decline, with the stock down 6.72% over an 11-day period and hitting a new 52-week closing low. The stock is currently down 14.85% year-to-date and 39.53% from its all-time closing high.
Full articleSummary: Senator Sherrod Brown urged the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) to ensure their updated bank merger policies adequately scrutinize mergers' effects on consumers and communities. The senator emphasized the need for a comprehensive update of the bank merger review framework to benefit consumers and communities, not just Wall Street. He provided observations on the strengths of OCC's Policy Statement and opportunities for refinement, focusing on the impact on communities, transaction review for large banks, scrutiny of rapid growth, competitive effects consideration, and public input.
Full articleSummary: Oracle is enhancing its low-code development platform with artificial intelligence to create enterprise applications faster and easier. The platform now includes APEX AI Assistant for valid SQL statements, a Create App Assistant for application blueprints, and conversational AI dialogs for richer user experience.
Full articleSummary: Starbucks has lost millions of customers and is rolling out a new pairings menu to attract them back. Other fast food chains like McDonald’s, Burger King, and Wendy’s are also offering meal deals to win customers amid falling numbers. Customers are staying away due to price rises and slow service.
Full articleSummary: IBM and Japan's National Institute of Advanced Industrial Science and Technology are partnering for the development of a 10,000-qubit quantum computer by 2029, aiming to advance quantum computing by creating components that function at near-absolute zero temperatures.
Full articleSummary: Wells Fargo's co-branded credit card partnership with Bilt Technologies is reportedly facing financial difficulties, with the bank potentially losing up to $10 million monthly. However, both companies denied the claims, stating the partnership requires multiple years to pay off. The Bilt credit card, launched in 2022, has gained popularity among young adults, allowing users to pay rent and earn rewards points fee-free.
Full articleSummary: Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200, citing strong earnings growth by five mega-cap U.S. tech stocks and increased investor enthusiasm about artificial intelligence. Other brokerage Evercore ISI raised its year-end target for the benchmark index to 6,000 from 4,750, expecting significant earnings growth fueled by the AI 'revolution'.
Full articleSummary: A securities class action lawsuit has been filed against Roblox Corporation by Kessler Topaz Meltzer & Check, LLP, alleging violations of federal securities laws due to misleading statements resulting in significant investor losses.
Full articleSummary: Demolition began on the original World of Coca-Cola museum to make way for a government parking lot. The old museum, once the city's top attraction, was sold to the state of Georgia in 2005, while a new, larger World of Coca-Cola was opened in 2007 near Atlanta's Centennial Olympic Park.
Full articleSummary: Lockheed Martin announced the opening of a new engineering facility in Huntsville, Alabama, which will house 500 employees and focus on advancing national security capabilities.
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