Intel Corporation (NASDAQ: INTC) saw a dramatic decline in its stock price following the release of its Q2 earnings report, which fell short of expectations and revealed extensive restructuring plans. The string of disappointing announcements has prompted a wave of updates to analysts’ assessments of Intel and its future prospects, leading several leading financial firms to significantly lower their price targets for INTC stock.The stock plummeted nearly 30% on Friday, marking its most significant single-da ...

Microsoft (NASDAQ: MSFT) has recently announced increased investments in artificial intelligence (AI), sparking optimism in the industry and stock market. Alongside these announcements, the company has reported strong financial results for its fiscal fourth quarter (Q4) of 2024. According to sources, Microsoft exceeded market expectations with a revenue of $64.73 billion, marking a 15% year-over-year increase and earnings per share (EPS) of $2.95, slightly above the forecast of $2.93.This strong performance ...

Core Insights - Warren Buffett has significantly reduced his stake in Apple, selling approximately $51 billion worth of shares in Q2 2024, bringing Berkshire Hathaway's investment in Apple down to around $84.2 billion from $135.4 billion at the end of Q1 2024 [1] - Despite Apple's strong performance with a 22% stock increase during the quarter, Buffett's divestment indicates a cautious approach amid ongoing market uncertainty [1][2] - Berkshire Hathaway's record cash reserves have reached $277 billion, reflecting a strategy to hold cash rather than heavily invest in equities [2] Investment Performance - As of June 30, 2024, Berkshire Hathaway's total cost basis in equity securities was $88.453 billion, with net unrealized gains of $196.418 billion, resulting in a fair value of $284.871 billion [3] - In comparison, the December 31, 2023 report showed a total cost basis of $109.416 billion, net unrealized gains of $244.426 billion, and a fair value of $353.842 billion [3] - The aggregate fair value remains concentrated in five companies: American Express, Apple, Bank of America, Coca-Cola, and Chevron [3] Earnings Overview - Berkshire Hathaway's profit for Q2 2024 dropped to $30.3 billion from $35.9 billion in the same period of 2023, indicating a decrease in operating earnings [4] - The after-tax operating profit surged 15% to $11.6 billion, driven by higher insurance underwriting profits and increased income from cash reserves [5] Stock Repurchase Activity - The company repurchased only $345 million of its stock in Q2 2024, one of the lowest quarterly totals in several years, compared to $2.6 billion in Q1 2024 [6] - Buffett has also reduced his stake in Bank of America by nearly $3 billion during this period [6] - Berkshire Hathaway's stock price has been affected by a general sell-off in the stock market, trading at $428 as of August 2, with losses of nearly 1% over the previous 24 hours [6]

Apple (NASDAQ: AAPL) shares recently experienced a pullback following the company’s latest earnings report, which presented mixed results and a cautious forecast. Despite these challenges, technical analysis suggests that Apple’s stock is poised for a significant upward movement, with analysts projecting a potential price target of $280.In an August 2 TradingView post, analyst TradingShot highlighted Apple’s resilience and decade-long growth, consistently beating expectations.  The analysis on a monthly tim ...

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 ...