Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has once again made headlines by significantly trimming its stake in one of its long-standing investments, Bank of America (NYSE: BAC).According to a filing released on July 29, Berkshire Hathaway sold approximately 18.41 million shares of the bank in a strategic move between July 25 and July 29. Berkshire Hathaway BAC sale filings. Source: SEC This transaction, valued at around $770 million, follows an earlier sale this month in which Berkshire offloaded ab ...

After Nvidia (NASDAQ: NVDA) announced a plethora of new features and products aimed at accelerating humanoid robotics development and generative artificial intelligence (AI) utility by a wider variety of businesses, the price of the company’s stocks might start feeling the effect.Indeed, Nvidia has launched a score of services and tools to help the world’s leading robot manufacturers, AI model developers, and software makers develop, train, and build the next generation of humanoid robotics, as Nvidia CEO J ...

After posting an impressive beat in its Q2 earnings report, PayPal (NASDAQ: PYPL) stock has surged 7.06% in the pre-market trading.As of the July 29 close, PYPL stock is valued at $58.94 after adding 1.12% in the latest trading session, countering the losses of 2.90% from the previous five trading days.If the pre-market gains hold, PYPL stock could again trade in the green in 2024, as currently, it shows a 4.10% decrease from the January 1 price. PYPL stock 24-hour price chart. Source: FinboldWhat exactly d ...

The stock price of semiconductor giant Nvidia (NASDAQ: NVDA) has recently approached the $110 mark after experiencing a sharp decline over the past week. This drop follows a significant peak in mid-June, which marked a higher high at the top of a 20-month ascending channel. As of the close of markets on July 29, NVDA is valued at around $111, having decreased approximately 1.30% over the past 24 hours.Despite recent fluctuations, NVDA shares are still up 126% for the year. However, the stock is now down mor ...

Core Insights - The term 'EV winter' has gained traction in 2024, highlighting a slowdown in the electric vehicle industry, exemplified by Tesla selling only one car in South Korea in January 2024 [1] - Despite reduced demand, competition in the EV sector is intensifying, with Tesla's market share declining significantly [1][5] Market Share Dynamics - Tesla has been losing approximately 2.79% of its market share per quarter in the US since early 2022, with a notable loss of 9.3% between Q2 and Q3 2023 [2] - General Motors has increased its market share from 0.3% at the start of 2022 to 6.6% by mid-2024, while Hyundai, including Kia, holds 11.2% of the market [2] - Other major players like Ford, BMW, and Hyundai have also seen declines from their peak market shares since early 2022 [3] Performance of Other EV Manufacturers - Other electric vehicle manufacturers, such as Lucid Group and Rivian, have not made it to the top 5 EV makers by market share since Q1 2022, with Lucid at approximately 0.6% and Rivian at 4.2% by Q2 2024 [4] Global EV Demand Trends - Despite the challenges faced by Tesla and the EV industry, global demand for electric vehicles is on the rise, with a projected increase in EV-driven electricity demand by 630% by 2030 [5] - Tesla's global market share was reported at 13% at the end of 2023, down from a peak of 16% in 2019 [5] Chinese EV Market Growth - Chinese electric vehicle manufacturers, particularly BYD, have gained significant market share, with BYD surpassing Tesla in 2022, holding 21% of the market by the end of that year [6] - Chinese EV firms collectively hold 32% of the market, slightly ahead of other major carmakers at 30% [7]

While some lawmakers in the United States continue to try to put a stop to politicians using the information attained through their positions to gain unfair advantage in stock trades, others seem to continue stock trading unbothered, including Representative Earl Leroy ‘Buddy’ Carter.Specifically, Carter has recently reported a massive sale of stocks of Ameris Bancorp (NYSE: ABCB), a bank holding company from Atlanta, Georgia, in a sale worth about $1 million, according to the data shared by the stock trade ...

Tesla’s (NASDAQ: TSLA) stock is a member of “Magnificient Seven,” which has experienced the least insider selling activity compared to the other six companies on this list.Tesla’s chairwoman on the board of directors, Robyn Denholm, made the most recent trade on July 25. She offloaded approximately 200,200 TSLA shares at an average price of $220.2 per share for a total profit of $14.6 million.Denholm Robyn’s insider sale activity of Tesla stock. Source: SEC Denholm also exercised Tesla stock optionsDenholm ...

There are many winners and losers among the 5,283 BlackRock holdings reported in the latest available 13-f filing. While most portfolios have some obvious strong performers and many hidden gems, the multi-trillion dollar asset manager may indeed have all of its strongest picks out in plain view.Indeed, given the rate at which large-cap stocks have been outperforming their smaller counterparts in 2024, some of BlackRock’s biggest holdings may simultaneously be among the company’s best performers.After examin ...

Tesla's Humanoid Robot Announcement - Tesla plans to start low production of the 'Optimus' humanoid robot for internal use in 2025, with high production for external companies potentially starting in 2026 [1] - Elon Musk aims to position Tesla more as a robotics and AI company rather than just a car manufacturer [1] Potential Market Impact - The release of the humanoid robot could solidify Tesla's position among big tech firms and differentiate it from traditional automotive competitors [2] - ChatGPT-4o predicts a Tesla stock price target of $300 per share if the robot is successfully released in 2025, reflecting investor enthusiasm and potential new revenue streams [3][4] Challenges and Likelihood of Release - Historical production issues and delays in self-driving technology suggest only a 30% chance of the robot being released by 2025 [3][4] - Technological complexity and regulatory hurdles further reduce the likelihood of full commercial availability by 2025 [4] Revised Stock Price Target Without Robot Release - If the robot is not released in 2025, ChatGPT-4o sets a revised Tesla stock price target of $250 per share [5][6] - This target is based on Tesla's strong position in the EV market, ongoing innovation, and positive long-term investor sentiment [6] Core Business Strengths - Tesla's core business resilience in the EV market and growth in energy products provide a solid foundation for its valuation [6] - Continued advancements and new product introductions in Tesla's core business are expected to drive future value [6]

The stock price of semiconductor giant Nvidia (NASDAQ: NVDA) is looking to breach the $115 resistance mark after consolidating below it for several days.Overall, the stock has made short-term gains, attempting a recovery after experiencing a downturn influenced by sector-wide challenges and geopolitical concerns. As of the close of markets on July 26, NVDA was valued at $113 with 24-hour gains of approximately 0.7%. On the weekly timeframe, the stock is down over 6%. Despite recent fluctuations, NVDA shares ...