With Nvidia’s (NASDAQ: NVDA) stock rallying massively in 2024, the trajectory has coincided with a period when the chipmaker’s insiders have been on a selling spree, offloading the highest number of shares in history.Particularly, the insiders have sold over $1.8 billion worth of stock, or almost 11 million shares, in 2024, marking the highest level since 2020, data compiled by The Washington Service indicates.Nvidia insider stock sales by year. Source: The Washington Service Despite the record sales, specu ...

NVDA stock YTD price chart. Source: Finbold While Nvidia's (NASDAQ: NVDA) main appeal in recent years has been the company's stellar growth on the business and the stock market side, holders of NVDA shares had more to celebrate on October 3. To be precise, the semiconductor giant paid out its quarterly dividend on Thursday to the tune of $0.010 per share. This means that an investor who purchased $1,000 worth of Nvidia stock at the start of 2024 would have received approximately $0.20 on October 3 – just un ...

In an unexpected turn of events, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have taken strong measures to support the recently revived class action lawsuit against Nvidia (NASDAQ: NVDA).The legal battle centers on the accusation that the semiconductor business misrepresented the source of over $1 billion in GPU sales. Nvidia attributed it to gaming-related demand, while the case alleges that this was an intentional misdirection and that the revenue was driven by GPU sa ...

Core Viewpoint - Tesla's stock has faced volatility due to mixed developments, including excitement over self-driving technology and disappointing vehicle delivery numbers [1][7]. Stock Performance - Tesla shares saw a 10.58% increase, rising by $23.21, with a current price of $242.62 [8]. - The stock experienced a sharp decline in early October after reporting lower-than-expected vehicle shipments for Q3 [7][9]. Analyst Ratings and Price Targets - Analysts have varied opinions on Tesla's stock, with RBC maintaining a "buy" rating, UBS holding a "sell" rating, and Truist Securities increasing its price target from $215 to $236 [9]. - Following the Q3 delivery report, HSBC and Guggenheim both issued "sell" ratings, with HSBC raising its price forecast from $118 to $124 and Guggenheim lowering it from $153 to $134 [9]. - JPMorgan assigned a "sell" rating but slightly increased its price target from $115 to $130, citing concerns over Tesla's vehicle volume growth [10]. - The average price target among analysts suggests a potential downside of 9.77%, estimating a drop to $217.14 [11][12]. Future Outlook - The upcoming "Robotaxi" event on October 10 is seen as a pivotal moment for Tesla, with potential to enhance its image as a technology and AI company [15]. - Success at the event could lead to significant stock price increases, while failure or further delays may reinforce perceptions of Tesla as primarily a car manufacturer [15][16].

Slowly but surely, Meta Platforms (NASDAQ: META) has been growing its presence and role in the ongoing artificial intelligence (AI) boom.The recent Meta Connect event, in particular, has helped add to the hype surrounding the social media giant’s venture into AI and the expansion of its hardware offering and helped the firm’s already strong stock market performance in September gain additional steam.META stock 30-day price chart. Source: FinboldWall Street experts appear equally impressed with Meta Platform ...

Though Nvidia (NASDAQ: NVDA) has already gained a superstar status in the stock market thanks to its pivotal role in the ongoing artificial intelligence (AI) boom, CEO Jensen Huang has recently outlined even more ambitious plans for the future.According to Huang, the semiconductor giant now plans to make leaps akin to the advancement from Hopper to Blackwell microchip infrastructure every single year.If successful, the program would double or even triple the capacity of companies utilizing AI infrastructure ...

Core Viewpoint - Nikola Corporation has faced significant challenges since going public in 2020, including stock price volatility and legal issues, but recent sales of hydrogen-powered trucks indicate a potential recovery [1][2][6]. Group 1: Stock Performance and Sales - NKLA stock peaked at $1,977 in mid-2020 but fell to $450 by the end of the year due to allegations of fraud and production issues [1][2]. - In October 2023, Nikola reported the sale of 88 Class 8 hydrogen fuel cell trucks, a 22% increase quarter-over-quarter, aligning with internal expectations [4]. - Following the sales announcement, NKLA stock surged by 19.57%, adding $0.91 to its share price in a single day [5]. Group 2: Legal and Operational Challenges - The company faced legal challenges, including a $165 million settlement related to fraud allegations against founder Trevor Milton [6]. - Nikola recalled all 209 electric trucks due to fire risks associated with their batteries, indicating ongoing quality issues [3][7]. Group 3: Future Outlook and Industry Position - While the pivot to hydrogen fuel cell vehicles shows short-term promise, long-term prospects remain uncertain due to the unproven nature of the technology at scale [8][10]. - The lack of hydrogen infrastructure and high costs present significant challenges, although Nikola is attempting to develop a network similar to Tesla's through its HYLA brand [9]. - The efficiency of hydrogen fuel cell vehicles is still debated, especially compared to established battery-electric solutions [10]. - If hydrogen adoption proves economically viable, Nikola could gain first-mover advantages in the green trucking niche, provided it manages its cash burn effectively [11].

Warren Buffett and his Berkshire Hathaway (NYSE: BRK.A, BRK.B) offloaded another $337.9 million worth of Bank of America (NYSE: BAC) shares in three separate sales between September 30 and October 2.The first—and largest—sale occurred on the final day of the third quarter (Q3) of 2024. It witnessed the selling of 4.95 million at an average price of about $39.61, for a total value of $197 million.The two subsequent divestments – on the first and second day of October – were substantially smaller, at about 1. ...

Core Viewpoint - Apple stock has performed well in 2024, reaching an all-time high in July and is expected to hit a market capitalization of $4 trillion next year, while other stocks like Microsoft and Amazon show potential for significant returns for investors [1] Group 1: Microsoft (MSFT) - Microsoft is a key competitor to Apple in various sectors, including devices, software, and gaming, and has a strong market cap position [2] - BMO Capital Markets has raised Microsoft's price target to $500 from $465, citing positive outlooks on cloud demand and significant investments in AI computing infrastructure [2] - As of October 2, Microsoft stock is priced at $418.16, reflecting a year-to-date growth of 12.75% despite a recent weekly decline of 3.34% [2] Group 2: Amazon (AMZN) - Amazon has shown resilience against inflation and has a more diversified income stream compared to Apple, which may provide better future stability [3] - The company has launched Project Amelia, an AI-driven selling assistant, and Business Prime Rewards, enhancing seller support and customer experience [3] - Currently, Amazon stock is priced at $184.55, with a year-to-date gain of 22.99%, despite a recent weekly decline of 4.05% [3] Group 3: Conclusion - The stocks of Microsoft and Amazon are positioned to potentially deliver substantial profits for investors in the coming year, establishing themselves as strong competitors to Apple [4]

As the conflict between Iran and Israel escalates, several defense stocks that have grown in popularity among United States Congress members are reacting positively, posting notable gains. Receive Signals on US Congress Members' Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. This signal triggers based on SEC updates on all the trades that are made by US Congress members. The stocks are surging partly due to their crucial role in providing military technology to th ...