After suffering a slight 3.03% drawback caused by the rotation from the tech sector, Microsoft (NASDAQ: MSFT) stock hit another road bump in the latest trading session. Losses of 0.71% caused MSFT shares to end trading at a valuation of $440.37.And with a massive IT outage that brought multiple industries to a standstill worldwide on July 19, the trouble seems never-ending, as losses of 1.27% for Microsoft stock extended in pre-market trading.MSFT stock 24-hour price chart. Source: FinboldHow did the outage ...

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) surpassed revenue and profit expectations in the second quarter due to demand for advanced chips in artificial intelligence (AI) applications. TSMC reported revenue of NT$673.51 billion ($20.82 billion), exceeding the expected NT$657.58 billion, and net income of NT$247.85 billion, higher than the anticipated NT$238.8 billion. Compared to a year ago, net revenue rose by 40.1%, and net income increased by 36.3%. The firm had projected second-quarter reve ...

As the month of July unfolds, Amazon (NASDAQ: AMZN) shares have failed to sustain the momentum that has previously led it to a new all-time high (ATH), raising questions about the reasons for such a poor performance of the company’s stocks in recent days.Indeed, for the past month, Amazon stock has been trading in quite a wide range between $181.45 and $201.20, with its more recent performance near the lows of this price area, and AMZN currently not offering a high-quality setup despite a positive long-term ...

As the stock price of semiconductor giant Nvidia (NASDAQ: NVDA) continues to trade in the red, the company is back in focus due to significant insider selling.It’s worth noting that, following a sustained rally with NVDA shares in 2024, the stock has witnessed a substantial offloading of equity by Nvidia executives, leading to speculation regarding a possible downturn.The most notable recent selling activity comes from CEO Jen-Hsun Huang, who sold 700,000 company shares last week. Filings also indicate that ...

In what can be considered a rare occurrence based on recent performances, the stock price of semiconductor giant Nvidia (NASDAQ: NVDA) has recorded successive sessions of losses. The downturn continued on Wednesday, July 17, with Nvidia losing its $3 trillion market cap. At some point, the equity erased $170 billion from its market, bringing the value down to $2.9 trillion.Regarding the short-term price movement, NVDA aims to reclaim the $120 mark. At the time of reporting, the stock was valued at $118, wit ...

Advanced Micro Devices (NASDAQ: AMD) has been a significant player in the semiconductor industry, navigating through market fluctuations and capitalizing on emerging technologies.Despite a downturn in late 2021 driven by declining personal computer sales, AMD has rebounded strongly, achieving a 12% rise year-to-date.However, recent developments, including a 7% dip linked to potential U.S. export restrictions under the Biden administration, have introduced new challenges.  As AMD prepares to release its Q2 2 ...

As Alphabet (NASDAQ: GOOG) prepares to announce its second-quarter earnings on July 23, investor attention is focused on profit margins amid expectations of decelerating revenue growth.Alphabet stock has risen 47% in value over the last 12 months, with 33% of that growth occurring this year alone, driven by the growing interest in generative artificial intelligence (AI) and Google’s dominance in the advertising sector.Despite the recent strong price gains, Alphabet shares are currently trading at a forward ...

Elon Musk’s electric vehicle (EV) maker, Tesla Motors (NASDAQ: TSLA), has made one of the most impressive stock market comebacks of 2024.Indeed, after being among the worst-performing S&P 500 companies for months, it rocketed back into the green – albeit only 2.22% – in the year-to-date (YTD) chart within days late June. The rise ensured that, after spending much of the year in the $170 to $180 range and plunging as low as $142 at one point, Tesla stock price today, in the July 17 pre-market, stands at $253 ...

Two of the most recognizable shoemaking giants in the world – the German athletic apparel and footwear corporation Adidas AG (ETR: ADS) and America’s Nike (NYSE: NKE) – have taken a radically different stock market trajectory in 2024.Indeed, while the European company has done little other than rise since January 2 and is slowly pushing to reclaim 2021 highs after remaining in a deep ravine through much of 2022 and 2023, Nike is trading near the lows not seen since the early days of the Covid-19 pandemic.Th ...

Global payments giant Visa (NYSE: V) has recently demonstrated resilient double-digit growth and is poised to sustain this momentum. Despite a modest revenue slowdown in the past year, Visa’s recent results have reignited investor confidence. Visa is set to announce its fiscal third-quarter earnings for 2024 after the market closes on Tuesday, July 23. Analysts expect the company to report a profit of $2.41 per share, up 11.6% from $2.16 per share in the year-ago quarter. Notably, the company has consistent ...