Last year, and its final quarter in particular, saw remarkable growth both on the stock market and with numerous cryptocurrencies. The growth was largely driven by renewed optimism stemming from numerous positive developments, which include a pause in interest rate hikes, cooling inflation, overall strength in the technology sector – particularly when it comes to artificial intelligence (AI) companies and related services – and many others.The S&P 500 index  – the index of the 500 largest stocks in the U.S. ...

Vanguard Group, Inc. is one of the world’s largest investment firms, with $7.7 trillion in assets under management (AUM). The finance giant shocked the market by refusing to offer the recently approved Bitcoin ETFs to its brokerage’s customers.On January 11, Vanguard prevented its customers from gaining exposure to Bitcoin (BTC) through the now legally approved ETFs. As reported by The Block, a company’s spokesperson explained that crypto-related products do not align with its investment vision.“We also hav ...

Amid a turbulent year for the US pharmaceutical sector, the iShares U.S. Pharmaceuticals ETF (IHE), tracking major domestic pharma companies, has struggled, recording a meager 1% gain in 2023. However, amid this lackluster performance, Eli Lilly (NASDAQ: LLY) emerged as a standout performer, closing the year with remarkable gains exceeding 60%. Notably, January 2024 underscored the stock’s relentless surge, reaching three all-time highs within a week, with the latest peak at $639.76 on January 11, subsequen ...

With 2023 being an underwhelming year for Nio (NYSE: NIO), full of ups and downs, the beginning of this year is more of the same, as its stock price is down by -17.13% from the start of this month.In 2023, Nio successfully delivered 160,038 vehicles, marking a notable 30.7% surge compared to the previous year while exceeding a 400 threshold of daily deliveries in October. This achievement is particularly noteworthy given the challenging global macroeconomic conditions and the persistent electric vehicle pri ...

After months of robust stock price recovery, Boeing (NYSE: BA) faced a fresh wave of challenges at the onset of 2024. The aerospace giant witnessed a substantial plunge, hitting the lowest point in over a month, triggered by renewed concerns surrounding the beleaguered 737 Max model. The 737 MAX 9, operated by Alaska Airlines, made headlines after a mid-air incident led to an emergency landing, raising apprehensions among investors about Boeing’s potential business setbacks. The Federal Aviation Administrat ...

In the wake of the 2023 surge in generative artificial intelligence (AI) services, the transformative impact of this technology has sparked debates about its potential to reshape the world forever. Dubbed by some as the most significant revolution since the advent of the internet, AI’s impact has translated into unprecedented growth opportunities for companies immersed in its development. Notably, Nvidia (NASDAQ: NVDA) emerged as a stellar example of this trend last year. With substantial investments and a ...

After navigating a challenging 2022, Amazon (NASDAQ: AMZN) and the broader stock market experienced a remarkable resurgence in 2023. With Amazon’s surge surpassing 80%, factors such as the booming interest in generative AI solutions, a recovering advertising market, and the continuous growth of Amazon Web Services (AWS) fueled the rebound. As 2024 unfolds, a prevailing optimism among investors centers on Big Tech’s ability to sustain its upward trajectory. This optimism is fueled by the belief that the Fede ...

After a commendable performance in 2023, Apple Inc.’s (NASDAQ: AAPL) stock faced a series of setbacks in the early days of 2024, experiencing three downgrades from prominent analysts.Following Barclays and Piper Sandler, Redburn-Atlantic analysts were the latest to downgrade the tech giant’s stock, citing limited iPhone growth potential and a bleak outlook for the March quarter. These downgrades underscore a noticeable shift in analysts’ sentiment toward Apple, reflecting concerns about the company’s future ...

Assuming he is still holding it, famed ‘Big Short’ investor Michael Burry is sitting on notable losses on his bearish position against the semiconductor sector, unveiled in Q3 2023.His negative outlook on the chip exchange-traded fund (ETF), SOXX, backfired as the fund recently surged to record highs, undermining Burry’s put options. Despite these setbacks, Scion Asset Management, under Burry’s leadership, maintains several rewarding positions. In this context, we delve into the hedge fund’s portfolio to pi ...

In the first 10 days of 2024, the stock of the semiconductor giant Nvidia (NASDAQ: NVDA) has been shooting up. The price movements come after a year of strong performance – both on the business and the stock market side – and in the climate of continued industry dominance, including for the chips for the booming artificial intelligence (AI) sector.Since New Year’s Day, the shares of Nvidia are up 7.90% and stood at, at the market close on Tuesday, January 9, at $531.40, having risen 1.70% in a day. The comp ...