During the second quarter, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) announced an update to its portfolio, with its transaction involving data cloud company Snowflake (NYSE: SNOW) standing out.Notably, Buffett fully exited his position in the stock, offloading almost $1 billion in the company. According to filings, Berkshire Hathaway did not provide a reason for the sale. Still, it aligns with the company’s recent selling spree involving high-profile companies such as technology giant Apple (NASDAQ: ...

Nvidia (NASDAQ: NVDA) is one of the few companies that can boast that its stock market performance in the last 12 and 6 months, as well as in the last 30 and 7 days, has been nothing short of stellar. Conter Pe の Ke Fi U Still, having risen from about $48 at the start of the year to NVDA stock price today of $134.04, there are some concerns about whether is much room left for a rally. Indeed, Citi's (NYSE: C) Atif Malik recently opined that there may not be much upside for Nvidia shares in 2024 and that the ...

Market Overview - In late September 2024, Chinese stocks experienced a surge due to a government announcement of a substantial package aimed at revitalizing the market [1] - However, on October 8, 2024, the situation reversed sharply as the government's new announcement failed to deliver the anticipated support, with only 100 billion Yuan (~$14 billion) allocated from the 2025 budget for short-term use, significantly less than the expected $100 billion [1] - This announcement had a pronounced negative impact, particularly in the Hong Kong market, where the benchmark HSI index fell by 9% [1] Alibaba Stock Performance - Alibaba's stock saw a significant decline of approximately 6.6% in the early hours of trading on October 8, 2024, following a strong rally that had previously increased its value by 34.83% over the past 30 days [2] - The stock price was around $109.7 at approximately 11 AM EST on October 8, which was $8 lower than the previous day's close [2] Michael Burry's Position - Despite the recent drop in Alibaba's stock price, Michael Burry remains profitable on his investment, as he purchased 155,000 shares during a downturn between summer 2023 and September 2024, at prices ranging from $66 to $88 [3] - Burry could potentially be up to 65% in profit despite the stock's decline on October 8 [3] - The optimism that had driven the stock rally was largely based on expectations of extensive government stimulus, which now appears to be in doubt following the latest announcement [3]

On October 8, widespread selling occurred in Chinese stock markets, leading the Hong Kong Hang Seng Index to close 9.41% lower than the previous day — its worst daily performance since 2008.Although most stocks were hit hard — with Michael Burry favorites such as Alibaba Group (HKG: 9988) and JD.com (HKG: 9618) shedding 8.81% and 11.94%, respectively, the worst hit Chinese company was Nio (HKG: 9866), which saw a 14.51% reduction in share price, while its Singaporean component (SGX: NIO) lost 13.89%.NIO sto ...

Amid analysts’ bullish predictions for the stock price of Advanced Micro Devices (NASDAQ: AMD) as its traditionally successful ‘Advancing AI’ event approaches, the semiconductor behemoth has just confirmed a massive rally after breaking above the lower highs trendline.Specifically, AMD stock, which started its latest bullish leg in mid-August, is now at the 0.618 Fibonacci mark, where the past two bullish legs after the October 2023 bottom saw a technical pullback, as observed by markets analyst TradingShot ...

Nvidia’s (NASDAQ: NVDA) share price continues to show strength, with a stock market analyst noting that the equity might be primed for new highs after clearing a few barriers.The outlook comes after NVDA ended the October 7 trading session up 2.2%, valued at $127. The equity has overcome recent volatility that saw NVDA struggle to break past the $120 resistance. To this end, over the past month, the Nvidia stock has rallied almost 20%, with shareholders being rewarded from the equity’s year-to-date rally of ...

Nvidia Stock Technical Analysis - Nvidia stock is forming a bullish butterfly pattern on the weekly chart, indicating a potential price target between $150 and $154 [1] - The stock's technical indicators suggest a bullish reversal, with the D point calculated at $153.61, signaling a potential upward move [1] - Key resistance levels are at $127.67 and $136.15, with a potential target of $140 if the stock sustains gains above $125.02 [3] - Nvidia is trading above both its 50-day and 200-day simple moving averages (SMA), reinforcing short-term and long-term bullish sentiment [6] Nvidia Stock Price Performance - Nvidia stock gained 1.6% in the last 24 hours, trading at $126 at the time of reporting [5] - On the weekly chart, Nvidia is up over 5% [5] Nvidia's AI and Chip Development - Nvidia's CEO unveiled the company's AI plan, aiming for annual advancements similar to the leap from Hopper to Blackwell microchip infrastructure [4] - The upcoming Blackwell GPUs are expected to boost investor confidence, with intense demand already reported [4] - Revenue from Blackwell could potentially push Nvidia's share price to $800 by 2030, with revenue reaching $600 billion by the same year [4] Microsoft Stock Risks - Regulatory challenges, increased competition in AI and cloud computing, economic downturns, and operational hurdles could drive Microsoft's stock down by 10-20%, potentially dropping to $370-$415 [2]

Nvidia’s (NASDAQ: NVDA) dominance in the profitable AI chipmaking sector has attracted the attention of would-be competitors. One of those is Cerebras — a chipmaker founded in 2015 by SeaMicro veterans and two of its founders, Andrew Feldman and Gary Lauterbach, after SeaMicro was acquired by Advanced Micro Devices (NASDAQ: AMD) for $334 million in 2012.In addition to this, OpenAI CEO Sam Altman and Sun Microsystems co-founder Andy Bechtolsheim are backing the company.  Semiconductor stocks have seen record ...

Although it is no secret that Elon Musk supports former United States President Donald Trump in the upcoming elections, the Tesla (NASDAQ: TSLA) CEO’s recent appearance at his Pennsylvania rally seems to have stirred the market’s sentiment regarding Trump Media (NASDAQ: DJT) stock.Specifically, after Musk recently joined Trump on stage in Butler, Pennsylvania, at the spot where the Republican presidential nominee survived an assassination attempt, the shares of Trump Media & Technology Group soared 2.30% in ...

With Apple’s (NASDAQ: AAPL) latest smartphone series showing a mixed reception among consumers, analysts are leveraging this trend to predict how the company’s stock might trade.In the latest outlook, Jefferies analyst Edison Lee pointed out that expectations around the iPhone 16 might be ‘too high,’ leading him to downgrade AAPL from ‘Buy’ to ‘Hold’ with a price target of $219.92, as stated in an investor note on October 7.The analyst emphasized that current expectations for the iPhone 16 and iPhone 17 are ...