Although shares of Advanced Micro Devices (NASDAQ: AMD) reached a new all-time high (ATH) on March 8 this year following the launch of AMD’s new artificial intelligence (AI) microchip, the Advanced Micro Devices stock has plunged almost 30% since that time.As it happens, AMD shares hit their record high five weeks ago, but they have failed to sustain the bullish momentum sparked by the launch of MI300X, and have continued to decline ever since, according to the observations by markets analyst Barchart share ...

While the struggles have persisted for longer, 2024 kickstarted in earnest what has so far been an unstoppable decline for Elon Musk’s electric vehicle (EV) maker, Tesla Motors (NASDAQ: TSLA).Indeed, not only has TSLA become the worst-performing stock of the S&P 500 index in 2024 – taking that honor despite Boeing’s (NYSE: BA) shares apparently falling apart like some of its airplanes – but it has also been a source of continuous bad news with the most recent being mass layoffs in various divisions of the c ...

On March 29, U.S. Representative Kevin Hern of Oklahoma purchased shares of Lockheed Martin (NYSE: LMT) stock, a major defense contractor with government contracts, just before Lockheed Martin won a $17 billion contract to develop a critical defense system. The contract was awarded on April 15, three days after Hern filed his financial disclosure form on April 12, one day before Iran attacked Israel.Trade details and LMT stock chart. Source: Quiver QuantitativeThe company’s recent contract win, announced am ...

Elon Musk sent out an internal memo revealing that Tesla (NASDAQ: TSLA) will be laying off about 10% of its global workforce, a significant number considering the total workforce is roughly 140,000 worldwide.Among those affected is Andrew ‘Drew’ Baglino, who announced his departure from the company after 18 years in a post on X, describing it as a ‘difficult decision’.Baglino has been the senior vice president of Tesla’s powertrain and energy engineering team since 2019. I made the difficult decision to mov ...

U.S. elected officials have, time and time again, proven their savviness when it comes to making the right trade at the right time. This has been most evident with investments such as Nancy Pelosi’s Nvidia (NASDAQ: NVDA) bet which saw an options purchase take place shortly before the semiconductor giant’s skyrocketing.Still, there have been many other instances with other politicians such as the uptick in defense stock trading around the time of the October 7 attacks. The most recent Congressional trade – t ...

Last year saw two major and widely-discussed stock market bets made by ‘The Big Short’ investor Michael Burry – his since-abandoned wager against the semiconductor industry, and the persistent investment in the Chinese technology and e-commerce giant Alibaba (NYSE: BABA).This year, Burry bought a string of new stocks with one of the most prominent and least controversial acquisitions coming in the form of Jeff Bezos’s own big tech firm. Amazon (NASDAQ: AMZN).While not quite at its recently achieved new all- ...

Electric vehicle manufacturer Tesla (NASDAQ: TSLA) has announced plans to lay off a section of its staff as the company grapples with a broader slowdown in the EV market segment.Following rumors of an impending layoff, CEO Elon Musk, in a company-wide email, revealed that the company has decided to lay off at least 10% of its global workforce, totalling about 14,000 employees.In the email shared by Tsla Chan, a Tesla News X (formerly Twitter) account on April 15, Musk pointed out that the layoffs are part o ...

The ongoing escalation of tensions between Iran and Israel has reverberated through global markets, resulting in losses for most risk assets. With minimal prospects for a short-term resolution, investors are on edge about how markets will react as the conflict unfolds in the Middle East.However, several companies stand to be affected by the conflict. In this context, Finbold has identified the following three stocks to monitor regarding the conflict in the coming week.Exxon MobilThe conflict in the Middle E ...

Amid banking behemoth Goldman Sachs (NYSE: GS) suggesting that trouble was brewing in the stock market as hedge funds in the United States have been selling stocks at the fastest rate in three months and replacing them with short positions, the bearish sentiment is evident in yet another indicator.As it happens, the net insider buying from officers and directors of publicly traded corporations has dropped to 12.4% of stocks, representing the lowest level in at least ten years, according to the information s ...

After almost doing to TV show and movie piracy what Valve did to video game buccaneering and riding high on the pandemic-era streaming boom, Netflix (NASDAQ: NFLX) has seen a significant fall in 2022.More recent performance, however, has been decidedly more positive for the platform and it has been on a continuous rise for some 18 months. The climb can be attributed to the notable success of a large variety of more recent Netflix shows, as well as to changes in its business model which have seen the introdu ...