Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has made a significant move by reducing its stake in Bank of America (NYSE: BAC) for the first time since 2019. According to a filing, Berkshire sold 33.9 million shares of BAC stock over three days in July, garnering nearly $1.5 billion at an average selling price of $43.56 per share. Despite this substantial sale, Bank of America remains a cornerstone in Berkshire’s $398 billion portfolio, holding its position as the second-largest investment. This strateg ...

Analysts are now projecting a grim future for semiconductor manufacturer Nvidia’s (NASDAQ: NVDA) stock, which is facing significant sell-offs.Although NVDA experienced substantial growth in the first half of 2024, the stock is now struggling to maintain crucial support levels and is currently facing the threat of dropping below the $100 mark.Notably, concerns regarding the bearish outlook will likely escalate as hedge fund Elliott Management informed investors that Nvidia is in a “bubble.” According to the ...

In the wake of a worldwide IT outage, Fortinet (NASDAQ: FTNT) has emerged as a key player in the cybersecurity sector. While Microsoft (NASDAQ: MSFT) operating systems using CrowdStrike (NASDAQ: CRWD) experienced crashes due to a faulty update, Fortinet saw its stock price rise. Fortinet’s stock climbed 1.19% to $58.82 as investors sought alternatives to CrowdStrike.Fortinet has garnered significant investor attention, partly due to its upcoming financial results for the fiscal quarter ending June 30, 2024. ...

Intel Corporation (NASDAQ: INTC), once a dominant force in the semiconductor industry, is facing intense scrutiny from financial analysts following disappointing second-quarter earnings and a challenging profit forecast. As Intel navigates strategic hurdles and a rapidly changing market landscape, several leading financial institutions have drastically lowered their price targets for INTC stock, reflecting growing concerns about its future performance.Analysts’ INTC stock downgrades are a grim consensusSusq ...

Nvidia’s (NASDAQ: NVDA) share price has exhibited extreme volatility in the last 48 hours, recording significant gains that have since been erased, a trend unfamiliar to the semiconductor giant.On the last day of July, the stock appeared primed to reclaim the $120 resistance zone, but the gains were erased the following day. By the close of markets on August 1, the tech giant was trading at $109.21, with 24-hour losses of almost 7%.Nividia one-day share price chart. Source: Google Finance In this line, betw ...

Amid weak pre-market price performance of other big stocks, including Amazon (NASDAQ: AMZN) and Opendoor Technologies (NASDAQ: OPEN), the shares of American multinational corporation and technology company Intel (NASDAQ: INTC) have followed suit in what might be their largest dip in 24 years.As it happens, the price of Intel stock has dropped over 20% in pre-market, which is the culmination of the relatively poor performance in the past five days, adding up to the 20.51% decline, as well as accumulating a l ...

The share price of Nvidia (NASDAQ: NVDA) seeks to build on the recent bullish momentum that saw the chipmaker clear key resistance levels in the short term.On July 31, the semiconductor giant made history by registering the largest single-day gain in value across the stock market, adding $330 billion to its market capitalization and surging by 13%.This growth shattered the previous Wall Street record, which the tech giant set on February 22 with a $277 billion gain. However, by press time, Nvidia had erased ...

In a move raising eyebrows, U.S. Congressman Michael Burgess sold shares of United Parcel Service (NYSE: UPS) on July 22, just a day before the stock experienced its worst day in history. On July 23, UPS released a dismal Q2 earnings report that sent the stock plummeting.Following the report, UPS shares fell from $145.18 to $127.68, a dramatic 12% drop. This marked the stock’s steepest single-day decline, as investors reacted to the company’s weaker-than-expected performance. Since then, UPS has recovered s ...

With a history of almost two centuries, JPMorgan (NYSE: JPM) is widely recognized as one of the most prestigious financial institutions on Wall Street.As a key player among the Big Four banks, with thousands of financial experts and analysts conducting the necessary research, this banking giant has made notable stock acquisitions over the years, utilizing its $611 billion large market cap to secure the best stock deals.Building on this legacy, Finbold analyzed JPMorgan’s latest 13F filing on March 31 to ide ...

Amid the announcements by Microsoft (NASDAQ: MSFT) of increased investments in artificial intelligence (AI), triggering a wave of optimism in the industry and on the stock market, Wall Street analysts have revised their price prediction targets for MSFT shares.Indeed, Microsoft CEO Satya Nadella and finance chief Amy Hood have recently revealed plans to invest heavily in AI, including the infrastructure based on Nvidia (NASDAQ: NVDA) products, in addition to spending nearly 80% more in the last quarter comp ...