Amid the recent volatility in Nvidia’s (NASDAQ: NVDA) stock, several leading global investment funds have liquidated their positions in the semiconductor giant.According to filings on August 14 with the Securities and Exchange Commission (SEC), notable investment firms, including Stanley Druckenmiller’s Duquesne Family Office, David Tepper’s Appaloosa Management, and Lee Ainslie’s Maverick Capital, all reduced their stakes in Nvidia during the second quarter of 2024. For example, Druckenmiller’s family offi ...

As a difficult period for Tesla (NASDAQ: TSLA) stock, in which it declined over 20% since earnings, seems to be ending, one Wall Street analyst is confident the previous losses are not indicative of the carmaker’s longer-term value, setting a bullish Tesla stock prediction price target.Indeed, TSLA stock was until recently recording a bearish trend amid unfavorable developments like the recall of over 1.68 million of its electric vehicles (EVs) in China due to dangerous software issues, including the import ...

The share price of Advanced Micro Devices (NASDAQ: AMD) is experiencing bearish sentiment in the short term, with technical indicators pointing to possible further losses ahead.Interestingly, AMD closed the August 14 trading session with a modest drop of almost 0.3%, trading at $140. The equity has traded in the red in recent months, plunging over 20% in the last six months. However, the stock attempted to recover on the weekly chart, gaining over 6%.AMD one-day stock price chart. Source: Google Finance Imp ...

The semiconductor giant Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks in the market for nearly two years as it added well over $2 trillion to its market capitalization since the artificial intelligence (AI) boom began with the release of ChatGPT in October 2022.More recent trading, however, has put significant pressure on the blue-chip chipmaker, despite the strong rally in the last 5 sessions, and NVDA fell from the highs above $135 it reached shortly after its 10-for-1 stock split in Ju ...

After spending over six years as CEO of Chipotle Mexican Grill (NYSE: CMG), Brian Niccol announced his departure due to his new appointment at Starbucks (NASDAQ: SBUX), starting from September 1.During his tenure, CMX stock has risen over 773%, boasting a performance that was only matched by a few other companies from the S&P 500.The effect of Niccol’s departure was immediately felt, as CMG shares closed the August 13 trading session at $51.68 after losing 7.50%. However, pre-market trading shows signs of r ...

Heightened geopolitical tensions and a rising number of major active wars ranging from Ukraine, across the Middle East and Africa, and on to Myanmar have, in recent years, given various defense companies – and their stocks – a significant boost.In the last 30 days, Lockheed Martin (NYSE: LMT), in particular, has seen positive stock market action, driven by an impressive earnings report in July, approval of sales of military hardware worth some $20 billion to Israel, continued operations in Ukraine, and the ...

Technology giant Apple (NASDAQ: AAPL) is among the blue-chip companies recording increased cases of insider trading, an element likely hinting at the next trajectory of the equity.Insider trading has notably accelerated as AAPL recovers following lows earlier this year. After hitting a yearly low of around $165 in April, Apple has surged over 33%. At press time, the stock was valued at $221, reflecting year-to-date gains of almost 20%.AAPL YTD stock price chart. Source: Google Finance It’s worth noting that ...

Leadership can make all the difference, as Starbucks (NASDAQ: SBUX) stock has shown with its largest one-day gain in history, which amounted to 24.5% after the company appointed former Chipotle (NYSE: CMG) CEO Brian Niccol as its new boss.Niccol became Chipotle’s CEO in 2018, and since then, CMG stock has surged 773%, being outperformed by only nine companies from the S&P 500 during this period.His effect on SBUX stock was immediately felt, as the 24.5% daily gain on the stock market replicated an increase ...

In a rare occurrence, the Department of Justice is weighing on whether to break up Alphabet (NASDAQ: GOOGL) after an antitrust ruling that claims that the search engine giant monopolized the search market. After Judge Amit Mehta's August 5 ruling found GOOGL guilty of looking up 90% of the search engine market, the Dol is considering whether to force Alphabet to divest from its key ventures, such as Android, Chrome, and its AdWords platform, in a move that could seriously impact the company. The most recent ...

After an extended period of lackluster performance in the stock market amidst a boycott over its perceived stance on the conflict in Palestine, rising competition in China, and after contending for years with a nationwide drive to unionize stores, Starbucks (NASDAQ: SBUX) made an abrupt management change on August 13.The shares of the coffee giant quickly reacted to the news that Laxman Narasimhan, handpicked by Starbucks’ previous head, Howard Schultz, has stepped down and that the CEO of Chipotle (NYSE: C ...