Visa Inc. (NYSE: V), the global payments giant, has reported third-quarter revenue growth that fell short of Wall Street expectations, a rare miss for the world’s largest payments processor. The company’s quarterly net revenue came in at $8.90 billion, just shy of analysts’ estimates of $8.92 billion, leading to a drop in its shares during extended trading. This revenue miss, has prompted several brokerages to revise their price targets on Visa’s stock.Despite the revenue miss, Visa Inc. reported solid fina ...

It has emerged that technology giant Apple (NASDAQ: AAPL) is planning to advance its idea of a foldable iPhone, which is likely to hit the market in 2026.Reports indicate that Apple may have settled on a design. The device currently carries the internal nickname “V68,” suggesting that the concept has moved beyond the initial stage and is now in development.Notably, new product lines can influence stock trajectories, giving a company an edge over competitors. In light of this, Finbold turned to OpenAI’s Chat ...

Although Nvidia’s (NASDAQ: NVDA) stock price has been among the best-performing in recent months, the equity has been plagued by significant insider trading activities, potentially signaling uncertainty. Indeed, data shared by Global Markets Investor in an X post on July 23 indicated that insider trading activity involving Nvidia executives has skyrocketed over the past three months. Specifically, during this period, there have been 72 insider trades, including 60 sales and 12 open market buys. Insiders sol ...

Nio Inc. (NYSE: NIO), the Chinese electric vehicle (EV) manufacturer, has had a rough ride this year, with its stock plummeting nearly 50% year-to-date and trading almost 30% below its IPO price. Over the past 12 months, the stock has dropped nearly 60%, causing many investors to question its long-term prospects. Despite these challenges, Nio remains a significant player in the EV sector, known for its innovative battery-swapping technology and strategic expansion into Europe.Technological edge and market e ...

Although recent concerns over American technology export restrictions have caused chip-making stocks like Nvidia (NASDAQ: NVDA) to decline in price, machine learning and artificial intelligence (AI) models predict it might yet recover as the month of July draws towards its conclusion.Indeed, Nvidia stock has had mixed success in recent weeks, still benefitting from the AI craze that has pushed its price toward a new all-time high (ATH) but suffering from the current political climate that seems averse towar ...

As second-quarter earnings approach, technology investors are on edge, with a particular focus on the big tech giant Amazon (NASDAQ: AMZN). Scheduled to report its financial results on August 1, 2024, Amazon has seen its stock price targets revised upwards by several analysts, reflecting optimism about its growth prospects and operational efficiency.Currently, Amazon’s stock is priced at $188.31, showing a 24-hour gain of over 3% and a 6-month gain of over 20%. This impressive performance highlights investo ...

Core Viewpoint - The recent pullback in the tech sector has significantly impacted Qualcomm (QCOM) stock, which has shown signs of recovery following a positive trading session and analyst upgrades predicting substantial upside potential [1][2][5]. Group 1: Stock Performance - QCOM stock fell below the $200 threshold, experiencing a 2.92% decline last month and extending losses to 7.15% over five days due to intensified sell-offs [1]. - A recent trading session saw QCOM recover with a gain of 4.70%, bringing the stock price to $194.97, with pre-market gains of 1.05% further aiding recovery [1]. Group 2: Analyst Insights - Baird analysts upgraded Qualcomm's stock price target from $200 to $250, citing positive initial channel feedback and predicting a potential 30% upside from current levels [2]. - Tigress Financial Partners analyst Ivan Feinseth raised the 12-month target price for Qualcomm to $270, reflecting the company's advantages in AI capabilities and communication technologies [5]. Group 3: Market Demand and Product Development - The procurement estimate for the iPhone 16 has increased to over 90 million units, driven by AI, which is expected to contribute to double-digit increases in average selling prices (ASPs) for Qualcomm's handsets [2]. - Qualcomm is anticipated to benefit from AI integration in high-end Chinese phones and the next-gen Galaxy platform, with rising ASPs and RF component content expected [3]. Group 4: Business Growth and Financial Health - Qualcomm's business is expanding rapidly, driven by revenue from Snapdragon-powered devices, record automotive sales, and opportunities for on-device AI integration [6]. - The company reported a 6.25% dividend increase to $0.85 per share and $1.6 billion in shareholder returns last quarter, including $731 million in stock repurchases, indicating strong financial health [6].

Although news of its new flagship artificial intelligence (AI) chip for the Chinese market has tilted the price of Nvidia (NASDAQ: NVDA) stock to close the previous day on a slightly positive note, the technology behemoth’s shares have been in a decline for the majority of the past week and in pre-market.As it happens, Nvidia stock price at press time stood at $123.54, reflecting an increase of 4.76% on the day, a decline of 3.78% across the week, and a further drop of 0.057% in pre-market, according to the ...

Ahead of the Tesla (NASDAQ: TSLA) earnings report scheduled for July 23, for the second quarter, much of the attention is focused on how the stock might react.Indeed, TSLA has witnessed significant gains in recent weeks, successfully sustaining levels above the $200 support zone. By the close of the market on July 22, TSLA was trading at $251, with 24-hour gains of over 5%.Tesla one-day stock price chart. Source: Finbold In the meantime, analysts project Tesla’s EPS to be $0.61, down from $0.91 last year, w ...

Though the growth rate of the cloud infrastructure sector is well below its Covid-driven peaks, the industry has not only become a veritable behemoth but is also once again picking up pace due to the artificial intelligence (AI) boom.Throughout the massive growth period, there has also been a relative equilibrium among the market leaders, with Amazon (NASDAQ: AMZN) – through its Amazon Web Service (AWS) – remaining the biggest player in the industry. Finbold data retrieved on July 23, however, found that Mi ...