The previous month for Alibaba (NYSE: BABA) stock brought slight gains driven by the news of the purchase of shares of its co-founder, Jack Ma. However, the previous year has brought losses that clawed off almost -30% of its stock value.In its latest quarterly report, Alibaba Group Holding Ltd. has announced the approval of an additional $25 billion for stock repurchases, seeking to reassure investors worried about the growth trajectory of the Chinese e-commerce giant amidst emerging competitors like PDD Ho ...

With a cooling inflation rate and despite persistent recession fears, 2023 brought numerous opportunities for investors to make it big both on the stock and the crypto market. Multiple rather unknown small-cap companies achieved stunning results, growing by thousands of percent. Still, the year was also marked by blue-chip firms giving significant returns.Perhaps most prominently, Nvidia (NASDAQ: NVDA) saw a massive rise of more than 200%, largely thanks to its crucial position in the ongoing artificial int ...

Amid multiple issues plaguing electric vehicle (EV) sales in South Korea, Tesla (NASDAQ: TSLA) has managed to sell only one of its vehicles in this country during January in what has been its worst month since July 2022, when it failed to sell a single EV in this market, data shows.Specifically, safety concerns, high prices, rising interest rates, a lack of charging infrastructure, and the public waiting for the South Korean government to announce subsidies for buying EVs have all affected the sales of Tesl ...

Following a successful several months, during which the stock of Qualcomm (NASDAQ: QCOM) managed to grow its price by nearly 40%, analysts are cautiously optimistic about the international semiconductor and telecommunications equipment company’s prospects for the next 12 months.As it happens, the developer of digital wireless communications products and services based on CDMA technology was mostly trading between $105 and $130 for the majority of 2023, finally making a decisive move upward toward the year’s ...

While it seems that Nvidia (NASDAQ: NVDA) is in charge of the semiconductor industry, other players like Advanced Micro Devices (NASDAQ: AMD) secure a significant slice of the microchip profits pie.Looking at the past year alone, AMD stock has surged by over 100% and 25.73% since 2024 started, posting impressive numbers followed by solid technical and fundamental indicators.Since the markets closed on February 5, this stock has been trading at $174.23, recording a loss of -1.93% and a decrease of -1.05% ove ...

Nvidia (NASDAQ: NVDA) has so far proven to be at the very top of the ladder when it comes to making cutting-edge hardware for the burgeoning artificial intelligence (AI) sector and has, throughout 2023, benefitted hugely from it on the stock market.The semiconductor giant’s stock received another boon when the investment bank and financial services firm Goldman Sachs (NYSE: GS) raised its price target from $625 to $800 while maintaining a “buy” rating. The bank’s analysts backed their decision primarily by ...

Saying that 2023 was a tough year for electric vehicle (EV) companies is hardly a stretch, given that the demand declined significantly and multiple prominent firms like Lucid (NASDAQ: LCID) and Nio (NYSE: NIO) were slaughtered on the stock market and saw their delivery target figures gutted. This year similarly started poorly for the industry as even the major firms like Elon Musk’s Tesla (NASDAQ: TSLA) began showing major signs of decline. The firm has, in fact, faced a string of setbacks in recent months ...

The famous ‘Big Short’ investor Michael Burry has recently had some tough luck with his bet against the semiconductor sector, which is currently experiencing a surge, as Nvidia (NASDAQ: NVDA) posts new all-time highs almost daily, and other industry players aren’t far behind, with his bet down as much as $5 million since it was made.However, there remain positions in the Scion Asset Management hedge fund that Burry leads, and although they might be lesser known, their recent performance is noteworthy.Thus, ...

The e-commerce giant with fingers in multiple very lucrative pies, including streaming, gaming, audiobooks, and cloud infrastructure, Amazon (NASDAQ: AMZN) recently published a particularly strong earnings report for the fourth quarter of 2023.The report beat analyst expectations in multiple categories as it showcased, for example, a rapid growth of Amazon Web Services (AWS) and a 14% rise in revenue.Investors reacted rapidly and decisively, and Amazon rose approximately 7% in the extended session in the ni ...

The stock market hasn’t been kind to electric vehicle (EV) companies of late. Last year saw a significant slowdown in demand and sent several firms’ stocks spiraling, with Lucid (NASDAQ: LCID) perhaps being the most recognized thanks to the dubious honor of getting kicked off the Nasdaq 100 index.This year has, so far, proven to be just as bad as even Tesla (NASDAQ: TSLA), the major EV stock that stood its ground in 2023, entered into a downtrend.Given the overall trend, it doesn’t come as a surprise that t ...