The share price of electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) could be setting up to extend its recent rally, with technical indicators suggesting investors should anticipate a possible breakout.Notably, Tesla has capitalized on the near-term stock market momentum to establish its price above the $220 support zone. Over the past week, TSLA has gained over 5%, trading at $230 as of the latest market close.TSLA one-week stock price chart. Source: FinboldCentral to the upcoming rally is the equity ...

Although the stock market’s attention has been on giant artificial intelligence (AI) equities such as Nvidia (NASDAQ: NVDA), there exist other smaller players with potential for growth in the coming year.Although these smaller entities have also rallied from the AI boom, they can be considered undervalued. Therefore, they have the potential to attract investor interest and buying pressure. In this regard, Finbold has identified the following two AI stocks whose market capitalization will likely skyrocket to ...

Nvidia (NASDAQ: NVDA) CEO Jensen Huang is accelerating the sale of his shares in the company at a time when the stock has witnessed volatility in recent weeks. In the latest transaction, Huang sold $26.2 million of NVDA shares, bringing his total sales to over $104 million within 10 days, according to the Securities and Exchange Commission (SEC) filings.Notably, Huang sold 960,000 shares between September 3 and September 11, 2024, covering four transactions, with sale prices ranging from $104 to $114 per sh ...

Nvidia’s (NASDAQ: NVDA) current stock market dominance is due to the company’s ability to serve the booming artificial intelligence (AI) sector; however, a past failed acquisition is emerging as a likely missed opportunity.In this line, on September 13, 2020, Nvidia announced that it had reached a deal to acquire British-based semiconductor design company Arm Holdings in a transaction valued at $40 billion. However, the deal collapsed in February 2022 due to significant regulatory hurdles, forcing Arm Holdi ...

As Nvidia’s (NASDAQ: NVDA) stock price remains at the center of attention due to its ability to influence the broader technology sector, OpenAI’s latest artificial intelligence (AI) tool has shared insights on how the equity might trade at the end of 2024.The projected price outlook aligns with a period in which Nvidia is experiencing short-term bullish sentiment, mainly driven by the company’s acknowledgment of significant demand for its chips, as Finbold reported on September 12. By press time, the chipma ...

Company Overview - Hecla Mining Company (NYSE: HL) is a gold and silver mining firm that has recently gained attention due to significant stock activity following a purchase by Congress member Debbie Wasserman Schultz [1][2]. Stock Performance - Since Representative Schultz's purchase on August 9, 2024, HL's stock has increased by 29%, rising from $5.04 to $6.51 by September 12, 2024 [2]. - The stock's rally is notable as it has generally maintained a low profile among politicians, raising questions about potential insider information [2][8]. Financial Results - For Q2 2024, Hecla Mining reported revenue of $245.7 million, representing a 38% year-over-year growth and surpassing analyst estimates by 16% [6]. - The company produced 4.5 million ounces of silver, a 3.7% increase year-over-year and a 43% increase from the previous quarter. Gold production also rose by 2% to 37,324 ounces compared to Q1 2024 [7]. Market Conditions - The surge in HL's stock price can be attributed to favorable market conditions, including rising silver prices and increased global demand for precious metals [5]. - Amid fears of a potential recession, gold prices have also surged, as investors view gold as a hedge against economic challenges [5]. Political Context - The significant stock movement following a political purchase has raised concerns about the access to privileged information by lawmakers, especially in light of ongoing scrutiny regarding Congressional trading practices [8][9]. - A bipartisan proposal is being considered to ban members of Congress from trading stocks, which would also extend to their spouses if enacted [10].

Besides the record-breaking stock price spike, another enticing aspect of semiconductor manufacturer Nvidia (NASDAQ: NVDA) is its ability to reward income-seeking investors through dividends. In this line, today, September 12, 2024, marks the record date for the company’s upcoming dividend payout. Notably, with a yield of 0.03% and an annual dividend of $0.04, Nvidia investors who owned the stock before the record date will be eligible for a $0.01 per share, payable on October 3, 2024. The dividend value ha ...

Amid concerns that the price of Nvidia (NASDAQ: NVDA) stock has reached its top and will not go any higher any time soon, the artificial intelligence (AI) chipmaking titan’s CEO Jensen Huang has continued to sell his company’s shares, surpassing $711 million in value since June.Indeed, Huang has sold another $25 million worth of Nvidia shares in a recent trading session, bringing last week’s total to over $78 million NVDA stocks sold, according to the observations shared by markets analytics platform Barcha ...

During the September 11 trading session, technology giant Nvidia (NASDAQ: NVDA) once again proved its status as the barometer of the stock market sentiment. The stock sustained its short-term bullish momentum, driving gains across the tech sector,  buoyed by a positive outlook from the company’s CEO, Jensen Huang.Nvidia stock received a significant boost after Huang noted that the company was experiencing incredible demand for its chips. Speaking at the Goldman Sachs (NYSE: GS) Technology Conference on Sept ...

After already selling billions in Bank of America (NYSE: BAC) shares, Warren Buffett, the popular investor and CEO of Berkshire Hathaway (NYSE: BRK.A), has continued to offload the banking behemoth’s stocks, dumping nearly 6 million additional BAC shares in recent days.Specifically, Buttffett’s Berkshire Hathaway sold about 5.8 million Bank of America stocks, worth $228.65 million, between September 6 and September 10, at average prices ranging from $39.30 to $39.67 per share, according to a regulatory fili ...