The initial reaction to Apple’s (NASDAQ: AAPL) announcement that it has partnered up with OpenAI to integrate artificial intelligence (AI) with its new smartphone, tablet, and computer operating systems was rather tame, even seeing a modest stock market drop.These first moves prompted speculation that the partnership may be just the latest in the string of the technology giant’s middling attempts to bolster its lackluster 2024 growth and even that AI itself may have lost some of its luster for investors.The ...

In the wake of the artificial intelligence revolution, Alphabet (NASDAQ: GOOG) was one of the first to recognize its importance and utility across different platforms and devices while aiming to take a leadership role in generative AI.However, the competition is already fierce, with multiple tech giants pushing into the new domain of AI, aiming to develop custom-tailored technologies, such as OpenAI and xAI, as the most notable examples.But Google thinks it has an edge in this battle that will make it victo ...

Once lauded as one of the best-performing stocks in the world, Apple (NASDAQ: AAPL) has had a rough time since the start of 2024.Already in January, the company lost its top spot as Microsoft (NASDAQ: MSFT) managed to overtake it as the world’s biggest company by market capitalization, and by June, Nvidia (NASDAQ: NVDA) is threatening to relegate it to third place.On the business side, things have been mixed. While Apple remained a smartphone titan, it gave up on its multi-year ambition to enter the electri ...

Nvidia (NASDAQ: NVDA) stock continues to climb, reaching a new all-time high just before the June 10 stock split, prompting many insiders to offload their Nvidia stock holdings.Tench Coxe, Nvidia’s third-largest shareholder, cashed in on his holdings by selling 130,000 NVDA shares, totaling $120 million, on June 7 at an all-time high of $1,208 per share.Coxe acquired these shares in 1997 as a venture capitalist before Nvidia’s IPO in 1999. At that time, shares were priced at $0.82 each ($0.040 adjusted for ...

With its 10-for-1 stock split, Nvidia (NASDAQ: NVDA) has received a necessary trigger to continue growing its stock price initiated in the last several months, and investors are wondering when the shares of the renowned artificial intelligence (AI) chipmaker could hit the price of $200.Indeed, during the first trading day after the stock split, intended to make NVDA stock ownership more available to a larger number of investors, Nvidia shares recorded slight gains and price target revisions, with some stock ...

While Nvidia (NASDAQ: NVDA) has, without a doubt, earned the attention it has been getting in 2024 with its semiconductor technology, pivotal role in the artificial intelligence (AI) boom, and stellar stock market performance, the other major blue-chip chipmaker – Advanced Micro Devices (NASDAQ: AMD) – should not be disregarded.Though AMD has so far failed to match the growth of its biggest competitor, the stock has generally outperformed the benchmark S&P 500 stock market index and is 17.19% in the green y ...

Short sellers are betting significantly more against Nvidia (NASDAQ: NVDA) stock than against Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA) shares, with outstanding short bets totaling $34 billion—nearly double the $18 billion and $19 billion short bets against Apple and Tesla stocks, respectively. Outstanding short bets against Nvidia total $34 billion, according to data reviewed by Reuters.Nvidia, Tesla, and Apple stock short-exposure timeline Source: Matthew UntermanReasons for the potential decline of N ...

Given its close cooperation with OpenAI and hotly-contested acquisition of Activision Blizzard – one of the biggest companies in gaming responsible for titles like Call of Duty and World of Warcraft – it is hardly surprising that Microsoft (NASDAQ: MSFT) has done little other than grow in the last 18 months.Indeed, the trend has been so decisive that it enabled MSFT to become the biggest company in the world by market capitalization at the start of 2024. Despite the positive performance, this year has also ...

Owners of Nvidia (NASDAQ: NVDA) stock and attentive investors might be surprised when trading begins on June 10, as the NVDA share price has dropped 90% to $120.89. However, this decline is less alarming than it seems.NVDA stock 24-hour price chart. Source: FinboldThis price readjustment is not a consequence of the stock market crashing down but a part of a preplanned Nvidia 10-for-1 stock split that has been in effect since the market closed on June 7 and was announced at the latest earnings call on May 22 ...

For companies, attaining the $1 trillion market cap is a coveted feat due to what the measure symbolizes. Indeed, over the years, gaining a $1 trillion market cap represents a company’s dominant market position, financial strength, and influence on the economy.In this line, Finbold has identified the following two companies likely to hit the coveted market cap in the second half of 2024.Taiwan Semiconductor Manufacturing Company Taiwan Semiconductor (NYSE: TSM) has been a pivotal global tech supply chain pl ...