Amid strong results for the past quarter, which saw NIO Inc. (NYSE: NIO) meet expectations and break its own records in terms of vehicle deliveries, the Chinese multinational automobile manufacturer is yet to sway Wall Street analysts in terms of their price targets for its stock in the next 12 months. As it happens, NIO delivered a record 21,181 vehicles in September, bringing the total third-quarter deliveries to 61,855, which represents an 11.6% increase year-on-year (YoY), and lived up to the expectatio ...

Nvidia (NASDAQ: NVDA) is facing new headwinds stemming from trade fears related to China, a development likely to impact the company’s financial outlook and, consequently, its share price.Specifically, reports indicate that the Chinese government is pressuring companies to use locally manufactured chips rather than rely on the American tech giant. This move is primarily viewed as Beijing’s attempt to boost its semiconductor industry to counter U.S. sanctions.It’s worth noting that the United States has impl ...

After ending 2023 on a high note, Tesla started 2024 with a rocky first quarter. Wedbush analyst Dan Ives described it as a “nightmare” after the company delivered just 386,810 vehicles—well below Wall Street’s expectations. But things are looking up as prediction markets have begun forecasting stronger delivery numbers for Tesla in the current quarter.Tesla is now expected to deliver 467,000 vehicles, a notable increase from the 450,000 projected just weeks ago, according to prediction market platform, Kal ...

The stock market entered the last day of September’s trading session, exhibiting notable bearishness. However, Apple (NASDAQ: AAPL) is standing out, outperforming the general technology sector.AAPL’s share price was up 1.9% by press time, trading at $232. The stock has extended its recent momentum, surging almost 4% over the past month.AAPL stock one-day chart. Source: Google Finance The general market correction comes as the bullish momentum from the Federal Reserve’s interest rate cut appears to be coolin ...

Though the semiconductor giant Nvidia (NASDAQ: NVDA) has been on a strong and unbroken uptrend for years, there are some who question its ability to continue growing, and there has, for some time, existed a level of anxiety that it, and the broader artificial intelligence (AI) sector has already become an unsustainable bubble. NVDA stock 1-year price chart. Source: FInbold Mark Zuckerberg of Meta Platforms (NASDAQ: META) may have, in a September 25 interview, provided one of the strongest arguments for why ...

Although the concept of 'Uptober' typically refers to one of the strongest months for assets in the cryptocurrency market, especially for Bitcoin (BTC), the upcoming month might also be exceptionally bullish for Tesla (NASDAQ: TSLA) stock. As it happens, Tesla stocks closed the week above the 78% retracement of the recent downtrend, and pseudonymous markets analyst CyclesFan believes their price will move even higher in October, according to the analysis the expert shared in an X post on September 30. Furth ...

Following a deal on a massive injection of funds its Chinese subsidiary will receive from strategic investors, the NIO Inc. (NYSE: NIO) stock is already soaring in pre-market trading, signaling further advances as the partners fulfill the obligations set up in this funding.Specifically, NIO has entered into definitive agreements for its Chinese subsidiary, in which it holds 92.1% controlling equity interest, with Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Ind ...

After days of exhibiting a possible turnaround characterized by breaking key resistance levels, Nvidia's (NASDAQ: NVDA) stock price is now showing weakness, and an expert is warning that more losses could be in store. The projection, signaling a potential 50% drop in the chipmaker's stock, is grounded in Nvidia's formation of consecutive lower highs, diminishing trading volume, and crucial support levels indicated by Fibonacci retracement patterns, according to Alan Santana's analysis shared in a TradingVie ...

As Tesla (NASDAQ: TSLA) stock dazzles the market, the equity might have more upside potential when reviewing its historical performance in the wake of the Federal Reserve’s monetary policy.Notably, the stock has surged, aligning with the general market reaction to the Fed’s interest rate cuts and the positive momentum stemming from China’s announcement of an economic stimulus. At the close of the latest trading session, TSLA traded at $260, gaining over 2% for the day. The recent bullish momentum has helped ...

Core Viewpoint - An alleged IBM employee claims the company is in a "slow, painful death" due to outdated technology and corporate inertia, warning that "IBM is dying and we know it" [1][2]. Group 1: Company Strategy and Market Position - The employee argues that IBM "monetizes on confusion" and relies on legacy contracts, suggesting that the company sells complexity and then solutions for problems it created [1][3]. - IBM Cloud reportedly holds a small market share because clients are trapped by legacy systems rather than choosing IBM for its merits [3]. - The $34 billion acquisition of Red Hat is cited as an example of IBM's failure to innovate internally, with the employee stating the company opts to "acquire something decent and slap our logo on it" [3]. Group 2: Financial Practices and Client Dependence - The employee criticizes IBM's reliance on maintaining System Z mainframes and charging high fees for software and maintenance, claiming this traps companies in a cycle of dependence [3]. - Software licensing practices, including Enterprise License Agreements, are designed to extract maximum revenue and further lock clients into proprietary systems like DB2 and Websphere [3]. Group 3: Workforce and Innovation Concerns - Workforce morale is reportedly low due to cost-cutting measures like offshoring and replacing experienced employees with lower-wage workers, which the employee argues harms long-term productivity and profitability [3]. - The attempt to enter the AI market with watsonx is dismissed as a desperate move lacking genuine innovation, with the employee stating, "We are just riding off the coattails of Meta and other open-source models" [3]. Group 4: Market Performance and Stock Analysis - Despite the negative claims from the employee, IBM's stock closed at $220.84 per share on September 27, setting a new all-time high and showing a gain of 169.42% since 2004 [4]. - The stock market may react to the employee's rant in the following week as traders and investors digest the message [5].