As Amazon’s (NASDAQ: AMZN) share price approaches the $200 resistance level following impressive Q3 earnings, the stock has witnessed significant insider trading activity.Specifically, Amazon founder and executive chairperson Jeff Bezos is escalating his stock-selling spree for 2024, this time offloading over $3 billion worth of the company’s shares in a recent transaction, according to regulatory filings on November 1.Jeff Bezos stock sale filing. Source: SECThe latest sale involved over 16 million shares ...

Nvidia (NASDAQ: NVDA) is set to officially join the 30-member Dow Jones Industrial Average (DJIA) on Friday, November 8, replacing Intel (NASDAQ: INTC), which has held its spot in the index since 1999. This shift, announced by S&P Dow Jones Indices after the market closed on November 1, reflects a move to align the DJIA more closely with the evolving semiconductor industry, particularly the rising prominence of artificial intelligence (AI).For Nvidia investors, this inclusion holds substantial implications, ...

On November 1, shares of electric vehicle maker Tesla (NASDAQ: TSLA) opened at $252.34 before dropping to an intraday low of $250. However, shortly after, the stock began a gradual climb upward as co-founder and CEO Elon Musk took to X.Tesla’s full self-driving (FSD) technology is now almost entirely artificial intelligence — as per the response Musk made to a 2022 video where the innovator predicted such an outcome.Tesla FSD is now almost entirely AI https://t.co/mMtgz4r0q1— Elon Musk (@elonmusk) November ...

Semiconductor titan Nvidia (NASDAQ: NVDA) is one of the best-performing stocks of 2024, lagging behind only AI sympathy play Vistra Corp (NASDAQ: VST).The company has managed to secure outsized returns propped up by increasing AI demand from key industries. Nvidia now has a market capitalization equal to roughly 12% of the United States GDP. At press time, NVDA shares are trading at $136.84 — after shedding 3.08% on the weekly chart on account of broadly disappointing earnings and guidance from the tech sec ...

Analysts typically consider a range of factors when revising stock forecasts, including Nvidia’s strides in AI technology, its expanding footprint in data centers, and the growing demand for its GPUs within AI and machine learning applications. Upward revisions in recent months have reflected Nvidia’s strong positioning in the AI chip market, with innovative products like the H100 Tensor Core GPU enhancing its competitive edge. As industries continue adopting AI-driven solutions, demand for Nvidia’s hardwar ...

Apple’s (NASDAQ: AAPL) share price has slipped since the company released its Q3 2024 earnings, with concerns about its revenue forecast seeming to impact the stock.At the close of the market on October 31, AAPL was trading at $225.91, ending the day with losses of almost 2%. The decline continued in pre-market trading, dropping by about 1.6%.AAPL one-day stock price chart. Source: Google FinanceWhy Apple stock is down Although the tech giant reported strong performance for the quarter ending September 2024 ...

Mastercard Incorporated (NYSE: MA) surpassed Wall Street’s expectations for the third quarter, driven by robust consumer spending and strategic growth in value-added services.Despite ongoing economic uncertainties, Mastercard displayed strong performance, reporting an adjusted earnings per share (EPS) of $3.89, exceeding the consensus estimate of $3.74. This performance led to an initial 3% increase in Mastercard’s stock price, reaching an all-time high before retreating slightly amid regulatory scrutiny ov ...

Group 1: Portfolio Changes - Warren Buffett has significantly reduced his holdings in Apple and Bank of America while holding a record cash amount of at least $277 billion, raising concerns about a potential stock market correction [1] - Buffett has made a notable $6.7 billion investment in Chubb Limited, which was initially kept confidential [2] - He has increased his exposure to Sirius XM, starting with an $82 million investment on January 4 [2] Group 2: Sirius XM Investment Details - As of October 22, Buffett owned 32.5% of Sirius XM, valued at approximately $129 million, and has purchased an additional $60 million in shares [3][5] - Buffett's recent transactions included buying 2,227,939 shares of Sirius XM over three days, totaling $60,696,492, which increased his position by 50% [4][5] - The stock price of Sirius XM is currently at $27.19, with a 15.02% rally in the last 30 days, although it has a year-to-date loss of 50.47% [3] Group 3: Value Investing Strategy - Buffett's investment in Sirius XM aligns with his value investing philosophy, focusing on stocks with low relative valuations, as evidenced by Sirius XM's trailing P/E ratio of 8.07 and forward P/E of 8.17, both below market averages [8][9] - Sirius XM is considered to have a competitive advantage as the only licensed satellite radio operator in the U.S., which may appeal to long-term investors despite short-term challenges [10]

Although Nvidia’s (NASDAQ: NVDA) share price is showing weakness in tandem with the general technology sector, a trading expert has pointed out that the equity, based on its technical setup, is flashing promising growth potential.As of the last day of October, Nvidia closed at $132.76, plunging almost 5% in a single day. These losses came after NVDA recently hit an all-time high near the $145 mark. Notably, the chipmaker’s venture into artificial intelligence has led NVDA to record 175% growth in 2024. The ...

Core Viewpoint - Taiwan Semiconductor Manufacturing Company (TSMC) is the dominant player in the semiconductor industry, holding over 50% of the global market share, and is expanding production in Japan and the U.S. [1] Group 1: Company Performance - TSMC's stock has seen a significant increase of 90.18% year-to-date, reaching a price of $193.09 [1] - The company's Arizona plant is reportedly achieving higher yields than its facilities in Taiwan [1] - TSMC reported strong Q3 earnings and anticipates demand growth in 2025, largely driven by the AI boom [3] Group 2: Market Sentiment and Analyst Ratings - Analysts overwhelmingly rate TSMC stock as a 'strong buy,' with all five analysts providing ratings considering it a 'buy' [4] - The average price target for TSMC shares is $205, representing a 7.59% increase from the latest closing price [4][6] - Recent forecasts from analysts have been positive, with Barclays updating its price prediction from $200 to $215 [7]