Oracle Corp (NYSE: ORCL) stock experienced a pre-market surge of 13.64% upon the releasing the third quarter results for 2024, hinting at a partnership with industry giant Nvidia (NASDAQ: NVDA).ORCL stock 24-hour price chart. Source: FinboldIn the third quarter of the 2024 fiscal year, Oracle reported strong financial performance, with revenue reaching $13.3 billion, slightly above analyst expectations, and showing a 7% year-over-year increase.Additionally, Oracle’s remaining performance obligations, repres ...

The last few trading days have sent jitters down investors’ spines as the semiconductor giant Nvidia (NASDAQ: NVDA) seemingly lost its relentless upward momentum. Indeed, after rising at an average pace of $49.45 per week and $6.74 per day between the start of the year and March 7, NVDA shares suddenly experienced a $115 fall in just two trading sessions.While it remains uncertain if the retracement is a temporary correction for the blue-chip chipmaker or the start of a protracted downtrend for Nvidia, the ...

Core Insights - The hospitality real estate market is recovering as global travel and tourism rebound, with hotel REITs, particularly Apple Hospitality, performing well [1][2] - Apple Hospitality REIT has a significant portfolio of upscale hotels and has shown steady growth and value to shareholders [4][5] Group 1: Company Overview - Apple Hospitality REIT, Inc. is a leading publicly traded hotel REIT with over 220 hotels and nearly 30,000 guest rooms across 37 states [2][4] - The portfolio includes 99 Marriotts, 119 Hiltons, and five Hyatt hotels, emphasizing a broad consumer appeal and high ESG standards [4] Group 2: Financial Performance - In Q4 2023, Apple Hospitality reported a 2% increase in revenue per available room and a total revenue of $315 million, marking a 3% increase from the previous year [6] - For the entirety of 2023, total revenue reached $1.4 billion, reflecting a 7% increase compared to the previous year [6] Group 3: Expansion Strategy - The company plans to continue expanding, having recently re-entered the Las Vegas market by acquiring a 299-room hotel for approximately $75 million [7] - The CEO highlighted the limited competition in Las Vegas, suggesting a strategic advantage for future growth [7] Group 4: Market Outlook - The hospitality sector is expected to grow, with Apple Hospitality estimating a 2% to 4% increase in revenue from rooms in 2024 and an EBITDA margin between 34.6% and 35.6% [8] - The company aims to pursue opportunistic acquisitions, benefiting from favorable prices due to limited financing options for many hotel operators [8] Group 5: Dividend Information - Apple Hospitality REIT offers a regular monthly dividend payment, with a dividend yield of 5.69% as of March 2024 [9]

While much has been written about the many technology companies that have been making massive moves in 2024 – Nvidia (NASDAQ: NVDA) having crossed a $2 trillion market cap, Microsoft (NASDAQ: MSFT) having become the biggest company in the world, and Super Micro Computer (NASDAQ: SMCI) having risen nearly 300% since January 1 –  International Business Machines (NYSE: IBM) have largely been ignored.Despite this, IBM has been making significant moves this year – both in the stock market and on the business sid ...

The rise of artificial intelligence has significantly increased the demand for semiconductor chips and their necessary components. Taiwan Semiconductor Manufacturing (NYSE: TSM) is a significant supplier, most notably for Apple (NASDAQ: AAPL).The US government provides Taiwan Semiconductor Manufacturing with over $5 billion in federal grants to enhance its production capacity and relocate operations from Taiwan to the United States. This funding will facilitate the establishment of a chipmaking facility in ...

The notion of an “everything bubble” has been floating around for approximately a decade and, though most now link the term to the period between 2020 and 2021, there certainly is a persistent feeling that the stock market has been doing a bit too well recently – especially given the impact current high interest rates are supposed to have on prices.Indeed, 2024 already saw multiple major companies set significant milestones. For example, the semiconductor giant Nvidia (NASDAQ: NVDA) recently surged above a ...

Nvidia’s (NASDAQ: NVDA) stock, riding high on the wave of artificial intelligence (AI) demand and profitability, experienced a significant setback on Friday, March 8, signaling a potential end to its recent bullish streak. Initially poised for continued sessions of gains targeting the $1,000 resistance, the stock took a sharp turn, ending the last day of the week down 5.5% after having surged as much as 5.1% earlier in the morning of March 8. This drastic reversal marks the first time since June 2017 that t ...

In recent months, the involvement of United States politicians in the stock market has raised concerns about potential conflicts of interest. Former House Speaker Nancy Pelosi, in particular, has drawn attention for her stock purchases and realized profits from her stake in the semiconductor giant Nvidia (NASDAQ: NVDA).In the latest disclosure, data from Quiver Quant published on March 8 revealed that US Representative Josh Gottheimer, for New Jersey’s 5th congressional district, made a substantial investme ...

Sometimes, there’s a thin line between picking a promising tech start-up stock with the potential to reshape the market and a quirky company selling glittery dust. It can be incredibly difficult to keep faith in a product with a still non-existent market—almost as complex as creating a new market from scratch. After all, countless tech start-ups sank as investors abandoned ship and their products never saw the light of day.This could have been the story of this company, as mere days separated it from bankru ...

Artificial intelligence (AI) has been at the forefront of technological innovation in recent years, revolutionizing various industries and transforming the way we live and work. As it continues to gain momentum, investors are increasingly turning their attention to stocks that are poised to capitalize on this disruptive technology. Among them, one stock stands out as a front-runner in the AI revolution, offering the potential for significant returns that could leave investors astounded.The rise of AI stocks ...