Microsoft (NASDAQ: MSFT) is on track to potentially reach the $500 mark by the end of 2024, driven by its strong financial performance and strategic investments in artificial intelligence (AI) and cloud computing.The company’s Q4 2024 earnings report, which highlighted significant revenue growth and increased net income, has reinforced investor confidence. A key driver of this momentum is the integration of OpenAI’s ChatGPT into Microsoft’s Azure platform, significantly enhancing its AI capabilities.Moreove ...

Recent 13F fillings for Q2 revealed that JD.com (NASDAQ: JD) stock is now legendary investor Michael Burry’s fifth-largest holding at 12.31% portfolio weighting after a 30.56% reduction in the previous quarter.Michael Burry’s portfolio. Source: DataRomaInterestingly, during the previous trading day, JD stock fell 4.57%, decreasing the price of JD shares to $28.19 at the close. Losses extended in pre-market trading by 7.09%.JD stock 24-hour price chart. Source: Google FinanceSo, what exactly caused the slump ...

Although Tesla (NASDAQ: TSLA) CEO Elon Musk has postponed the unveiling event of his company’s robotaxis for October 10, citing important changes to the vehicles, the success of his goal of having a customer-owned fleet of around 7 million autonomous vehicles could affect the price of TSLA stock.Indeed, Musk’s mission to build an “Airbnb on wheels,” available through the Tesla app, where users can hail a ride with the robotaxi, could help Tesla shares recover after the company’s second-quarter earnings call ...

As politicians in the United States continue to attract attention over their stock trading habits, which their critics believe might entail unfair advantage, the history of one Congressman’s sales of Goldman Sachs (NYSE: GS) stock, in particular, has come into the limelight.Specifically, Michael McCaul, a member of the U.S. House of Representatives for Texas’s 10th congressional district, has sold around $1.3 million worth of Goldman Sachs stocks in the past three years, according to the information shared ...

After announcing tariffs on China-built electric vehicles (EVs) that would amount to up to 38% on July 4, the European Union is backtracking in some cases, most notably in the case of U.S.-based carmaker Tesla (NASDAQ: TSLA).Namely, after indicating that China-made Tesla EVs would face tariffs of 20.8% in July, the EU decided to trim the tariffs to 9% after receiving an appeal from the company that stated it had received subsidies from China that do not warrant such a high tariff on its vehicles.This tariff ...

As Nvidia (NASDAQ: NVDA) approaches its second-quarter earnings release on August 28, 2024, the tech giant remains a focal point of investor attention. The stock has demonstrated significant resilience this year, boasting a year-to-date gain of 163% despite recent volatility.However, this impressive performance has sparked concerns among some market analysts who fear that Nvidia might be in a bubble similar to the Dot-com bubble of the early 2000s. These concerns have led to comparisons between Nvidia and C ...

The stock price of semiconductor giant Nvidia (NASDAQ: NVDA) has extended its recovery, reclaiming the $130 mark as investors anticipate further gains ahead of the upcoming earnings report.Notably, at the close of markets on August 19, NVDA ended the day trading at $130, gaining over 4% within 24 hours. On the weekly chart, the stock rallied by an impressive 15%, rebounding from a recent correction that saw it drop below $110.NVDA one-week stock price chart. Source: Google Finance Nvidia’s path to $150In th ...

One of Nancy Pelosi’s favorite holdings, Palo Alto Network (NASDAQ: PANW), recently unveiled its Q4 earnings report on August 20, posting beat on expectations.Namely, PANW reported earnings per share (EPS) of $1.51, compared with an estimated $1.41, and revenue of  $2.19 billion, above the expected $2.16 billion. This represents a 12% increase in revenue from the same period in the previous year.Furthermore, Palo Alto Networks raised its EPS guidance to $6.18 to $6.31, compared to an estimated  $6.22 for th ...

Although Apple’s (NASDAQ: AAPL) stock has experienced a low number of insider sales in the previous year, the recent period has been marked by continuous insider sales of its Principal Accounting Officer.Namely, on August 15, Principal Accounting Officer Chris Kondo sold 8,706 APPL shares worth $1.96 million at an average price of $225 per share, leaving him with 15,419 remaining shares.Chris Kondo’s sale of AAPL stock. Source: SECApple stock price chartAs of the latest close on August 19, AAPL stock is tra ...

Group 1 - Advanced Micro Devices (AMD) acquired ZT Systems for nearly $5 billion to enhance its competitiveness in the AI sector and improve its GPU production capabilities [1] - The acquisition is expected to strengthen AMD's market presence and drive its stock price towards the range of $165 to $175 post-integration [2] - AMD's Q2 2024 performance in the Data Center and AI segments indicates steady revenue growth, supported by a stable macroeconomic environment [2] Group 2 - In a bullish scenario, AMD's stock could rise to $185 to $195 by the end of 2024, driven by the rapid adoption of AI technologies and strong revenue growth [3] - Conversely, a bearish scenario could see AMD's stock drop to $135 due to economic slowdowns, increased competition, and integration challenges with ZT Systems [4] - The acquisition of ZT Systems is aimed at strengthening AMD's microchip designs and enhancing customer support, positioning the company as a competitive solution for cloud and enterprise customers [5]