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This stock has risen over 100% since US politician bought it
Finbold· 2024-02-21 10:48
The term “insider trading” takes on a different significance for regular investors when they discover that specific traders possess information about stocks or potential government investments that aren’t accessible to everyone.Another instance of these unjust trades involves a US Representative, Josh Gottheimer, who purchased shares of Adyen NV (AMS: ADYEN) in October 2023.You might wonder why this trade seems suspicious. Since then, Adyen’s stock price has surged by over 109%. Notably, it belongs to a fin ...
Why is Nvidia stock going down today?
Finbold· 2024-02-21 10:26
Both experts and investors have been rather bullish in the weeks leading up to Nvidia’s (NASDAQ: NVDA) earnings report, which is scheduled for the market’s close on February 21. Overall, the expectations are that the semiconductor giant will report a significant increase in earnings and revenue compared to Q3 and even that it may beat the already-high Nvidia forecasts.Nvidia stock chartThis bullish attitude is well-reflected in the stock market, where the blue-chip chipmaker’s shares have been steadily risi ...
Insiders spill: The next big tech stock set to explode in value
Finbold· 2024-02-20 15:06
2023 proved to be a rather fruitful year for tech investors, with NASDAQ finishing 43% up compared to the disappointment that was 2022. Can 2024 keep the momentum going or perhaps even up the ante in the sector? All the indicators seem to say yes, it can — especially in the case of Nvidia (NASDAQ: NVDA).Nvidia’s stake in the AI marketNumerous artificial intelligence (AI) companies surged on February 15 when Nvidia revealed its stake in them. As reported, Insider Intelligence analyst Gadjo Sevilla suggests t ...
AMD stock analysis: Buy, Sell, or Hold in 2024?
Finbold· 2024-02-20 14:29
Despite a recent setback, which has seen the stock price of Advanced Micro Devices (NASDAQ: AMD) slow down its previous gains and even make a minor decline across the past couple of days, the American semiconductor behemoth is recording a massively successful year.Specifically, during 2023, AMD has managed to climb from the price range below $80 to $145 by the year’s end, recording a growth of over 80%, as well as adding another increase of more than 80% after that, and ending up in the current $175 range, ...
Walmart just drove this stock up by 15%
Finbold· 2024-02-20 14:07
Some companies wield such significant influence in the stock market that their acquisitions and industry maneuvers promptly translate into positive market reactions. A recent illustration of this phenomenon is Nvidia’s (NASDAQ: NVDA) investment in Nano-X Imaging, which triggered a surge of 50% in its stock price at one juncture.Now Walmart (NYSE: WMT) has just confirmed the acquisition of Vizio Holding Corp (NYSE: VZIO), which made its stock surge by more than 15% in the pre-market trading.VIZIO stock was a ...
Wall Street sets Costco stock price for the next 12 months
Finbold· 2024-02-20 10:24
Costco (NASDAQ: COST), the world’s third-largest retail chain, has been on a decisive uptrend since the very start of 2023 and rose approximately 39% within the year while continuously reporting strong membership figures and revenue.The company’s rise – both in recent months and generally since its initial public offering (IPO) – has not only made COST stock a more lucrative investment than the gold the retailer started selling in September 2023 but also continued in 2024.Since the start of the year, the fi ...
AMD value could increase by 20x in the next decade
Finbold· 2024-02-20 10:15
The AI boom has transformed the industry, prompting companies to modernize and incorporate new technologies into their operations quickly. As a result, semiconductor stocks, such as Nvidia (NASDAQ: NVDA) and Super Micro Computer (NASDAQ: SMCI), have experienced significant increases in value.While Advanced Micro Devices (NASDAQ: AMD) may appear to be a late bloomer, its consistent and robust progress, backed by technical and fundamental indicators, sets the stage for substantial growth over the next decade. ...
These stocks are overbought and may crash soon
Finbold· 2024-02-20 09:28
During the holiday period, stock markets experienced a lull with minimal activity. However, certain stocks garnered investor attention, pushing them into the ‘overbought’ territory, potentially paving the way for a price correction.When an asset is overvalued, it usually signals a bearish outlook, indicating a forthcoming decline in the stock. This expected drop in price is anticipated as investors start offloading their positions.Finbold examined certain stocks’ technical and fundamental indicators touted ...
Nvidia stock echoes Cisco's dot-com bubble chart; What's next for NVDA?
Finbold· 2024-02-20 09:21
With the price of Nvidia Corporation (NASDAQ: NVDA) stock slowing down its previous gains, market participants are wondering what is next for the artificial intelligence (AI) and semiconductor behemoth, and others are recalling the price action of other stocks during the dot-com bubble.As it happens, Nvidia’s price action resembles that of another technology giant – Cisco Systems (NASDAQ: CSCO) – which made a massive decline during the dot-com bubble, suggesting that history could repeat itself, according t ...
This stock could profit handsomely from AI videos
Finbold· 2024-02-19 14:10
As the age of artificial intelligence gains more traction, we see new developments every day, with advancements from OpenAI and Google that aim to present users with new solutions.Recently, OpenAI introduced its new text-to-video program based on AI, called Sora, which will allow users to convert their ideas from written to video form, and it has already proven to be a huge step forward, as it demonstrates new examples daily.However, it might not be OpenAI that reaps the biggest rewards from its new additio ...