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Warren Buffett dumps nearly $2 billion in Apple shares
Finbold· 2024-02-16 10:12
Valentine’s Day in 2024 brought significant gifts to the lovers of acquiring stock market knowledge from some of the most prominent and famous investors. On the same day, the updated portfolios of Michael Burry, of “The Big Short” fame, and of the Oracle of Omaha himself, Warren Buffett, were released.Both portfolios have been, according to the latest 13-F filings, substantially changed, with perhaps the biggest surprise being that Buffett and his Berkshire Hathaway (NYSE: BRKA, BRKB) sold as many as 10,000 ...
Nvidia stock earnings forecast: Why analysts are bullish
Finbold· 2024-02-16 08:24
The shares of the semiconductor behemoth Nvidia (NASDAQ: NVDA) entered into an uptrend in the final quarter of 2022 and have been steadily rising ever since. In fact, its dominant position in the microchip industry, the growth of gaming, and the emergence of modern artificial intelligence (AI) with platforms like ChatGPT have all ensured that the trend has only been growing stronger.On the stock market, Nvidia has risen so much since the start of 2024 that many are now eying a possible correction for the co ...
Here's how much Tesla stock Elon Musk now owns
Finbold· 2024-02-15 14:18
A move reminiscent of the time Rick Sanchez erased the entire Galactic economy recently made Elon Musk $56 billion poorer – or rather, less wealthy – with a single stroke of a pen. On January 30, 2024, a Delaware judge – Chancellor Kathaleen McCormick – ruled that Musk’s immense pay package for his role at the world’s most recognizable electric vehicle (EV) maker, Tesla Motors (NASDAQ: TSLA), was unfair to shareholders and had to be rescinded.The decision not only toppled the billionaire from his top spot o ...
Shocking parallels between S&P 500 and 1929 stock market crash
Finbold· 2024-02-15 14:10
Although stocks surged during February 2021 amidst the meme-stock craze, the index suffered an 8.4% slump in February 2020 as the COVID-19 pandemic disrupted the global economy.Over the last three Februaries, stocks ended the month lower twice. Specifically, the S&P 500 saw a decrease of 2.6% in February 2023, and the downturn was more pronounced at 3.1% in February 2022. Given these recent patterns, investors might harbor concerns regarding the stock market’s performance in February.They say history repeat ...
This little-known AI stock surges over 30% in a week after ties to Nvidia emerge
Finbold· 2024-02-15 12:38
The influence of semiconductor giant Nvidia (NASDAQ: NVDA) continues to be felt throughout the stock market, particularly in the artificial intelligence (AI) space. Notably, Nvidia is recording increased investments within the AI sector with substantial stakes in related companies. A noteworthy instance is the disclosure made on February 14, where Nvidia unveiled a $3.67 million investment in SoundHound (NASDAQ: SOUN), a company specializing in AI software for vocal recognition. It’s worth mentioning that N ...
Nvidia just made this stock surge by 50%
Finbold· 2024-02-15 10:34
As artificial intelligence takes the industry by storm, Nvidia (NASDAQ: NVDA) continues to record solid performances and is climbing the ladder when it comes to company size, as it is now in fourth place after overtaking Alphabet (NASDAQ: GOOGL).The AI chip giant disclosed its investments in its inaugural 13F filing with the SEC. It unveiled positions in the lesser-known Nano-X Imaging Ltd (NASDAQ: NNOX), focused on pioneering medical imaging technology and solutions to advance diagnostic medicine.The posit ...
Fate of Michael Burry's $4.3 million Alibaba bet revealed
Finbold· 2024-02-15 09:56
Given his generally bearish attitude and ability to see movements few others can, most dramatically demonstrated with ‘The Big Short’ in the context of the 2008 crash, new 13-F filings by Michael Burry and Scion Asset Management are always exciting to see. The previous record, for example, revealed a $4.3 million bet on the Chinese technology giant Alibaba (NYSE: BABA), a wager against the semiconductor industry in the middle of the artificial intelligence (AI) boom, but also a highly lucrative investment i ...
Here's Warren Buffett's updated portfolio
Finbold· 2024-02-15 09:41
Warren Buffett, the celebrated investor and Chairman of Berkshire Hathaway (NYSE: BRKA, BRKB), made substantial changes to his extensive portfolio last quarter.On February 14, it was revealed that Buffett’s portfolio underwent significant adjustments. These changes included substantial reductions and increases in shares of specific companies and complete divestment from others.Warren Buffett’s portfolio holdings as of December 31, 2023. Source: Dividend Growth InvestorFaltering confidence in AAPL?In the las ...
These stocks could surge if Oil prices start to rise
Finbold· 2024-02-14 13:09
Commodities such as oil tend to increase when there are geopolitical tensions, especially in the Middle East region, as they could affect the supply chains and further elevate the price of black gold.According to sources within the market citing figures from the American Petroleum Institute (API), U.S. crude oil inventories increased last week, while fuel stockpiles experienced declines. The API data indicated a rise of 8.52 million barrels in crude stocks for the week ending February 9. Gasoline inventorie ...
3 startup stocks to keep an eye on for the future
Finbold· 2024-02-14 11:35
Throughout history, innovation has been pivotal in driving human progress, with different industries taking the lead. Currently, artificial intelligence (AI) stands out as a driving force in the industry.Inspired by this trend, numerous startups have emerged, offering ingenious solutions to everyday challenges and building upon existing progress. This allows investors to enter these companies early, maximizing potential future profits.Considering this, Finbold has curated a list of top startup stocks for in ...