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Nvidia's "Blowout" Quarter Contained a Subtle Warning That Most Investors Likely Missed
fool.com· 2024-05-29 09:06
Artificial intelligence (AI) kingpin Nvidia's fiscal second-quarter guidance isn't as perfect as it's being portrayed.Despite no shortage of next-big-thing investment trends over the last three decades, nothing has come close to capturing the buzz that was created on Wall Street when the internet transformed corporate America in the mid-1990s. That is, until now.For more than a year, professional and retail investors have been captivated by the game-changing potential of artificial intelligence (AI). AI inv ...
This Stock Turned $1,000 Into $20,000 in 10 Years, and It's Just Getting Started
fool.com· 2024-05-29 09:00
Can it do it again? Let's do the math.How would you like to see a $1,000 investment gain almost 2,000% in 10 years? Investors dream about these kinds of returns. If you can identify stocks with incredible potential and diversify your holdings, you could very well end up owning a stock that delivers such gains.MercadoLibre (MELI 0.85%) stock is one such example. If you'd invested $1,000 in MercadoLibre stock 10 years ago, you'd have just over $20,000 today. But we're not here to talk about the past. Let's se ...
3 High-Yield Dividend Stocks to Buy Hand Over Fist
fool.com· 2024-05-29 08:55
These top stocks can put more cash in your pocket. If you're looking for dividend-paying companies that can help you earn more passive income, you've come to the right place. Here are three high-yield dividend stocks that are smart buys today. No. 1 high-yield stock to buy: AT&T For more than 140 years, AT&T (T -1.31%) has helped people connect. Today, the telecommunications giant provides vital wireless and internet services to over 100 million people and almost 2.5 million businesses. High customer loyalt ...
Better Stock-Split Buy: Nvidia or Chipotle?
fool.com· 2024-05-29 08:00
Which stock-split stock wins in a battle of AI chips versus tortilla chips?Step aside, Chipotle Mexican Grill (CMG 0.07%). There's a more heavily anticipated stock split on the way now. Nvidia (NVDA 6.98%) announced in its first-quarter update last week that it plans to conduct a 10-for-1 stock split effective June 7, 2024. Chipotle's board of directors approved a 50-for-1 stock split in March that's expected to take effect on June 26, 2024. Nvidia has been the bigger winner by far so far this year. The GPU ...
Why Celsius Stock Is Tumbling Today
fool.com· 2024-05-28 17:19
With Celsius trading at 74 times forward earnings, the market is tempering its expectations on this high-flying energy drink stock. Celsius (CELH -18.34%) stock dropped 17% as of 12:30 p.m. ET today as the market absorbed new Nielsen data. For the week ending May 18th, the energy drink maker saw sales growth decline sequentially to 39%. While this figure is higher than the company's 37% sales growth in the first quarter of 2024, Celsius saw its market share dip from 10.8% to 10.5%. Making matters worse, Mor ...
Prediction: Nvidia Stock Will Continue to Rise
fool.com· 2024-05-28 17:17
Elon Musk knows how to raise money -- and a meaningful amount may be heading Nvidia's way.Nvidia (NVDA 6.87%) stock just keeps rising. Today's jump of about 7% as of 1 p.m. ET wasn't due to any new information from the company. Nvidia released its quarterly earnings last week and the stock jumped on that news.But today's move -- and the reason why Nvidia shares can keep moving higher -- comes from another company's announcement today. Nvidia's sales have been soaring, and now investors see another multibill ...
Why DraftKings Stock Just Crashed 13.5%
fool.com· 2024-05-28 17:11
Illinois could raise its tax rate for sports betting from 15% to as much as 37%. Shares of online sports gambling website DraftKings (DKNG -11.57%) got decked on Tuesday, falling 13.5% through 11:50 a.m. ET. The Wall Street Journal reported that Illinois legislators have approved their 2025 budget, including a provision that would more than double taxes on sports betting operators. Citing multiple analyst reports, TheFly.com estimates that the new law, if signed by the governor, will raise DraftKings' Illin ...
Why Nvidia Stock Popped on Tuesday
fool.com· 2024-05-28 17:01
Elon Musk unintentionally gave the chipmaker a boost.Shares of Nvidia (NVDA 7.28%) surged higher on Tuesday, jumping as much as 5.6%. As of 11:54 a.m. ET, the stock was still up 5.1%.The catalyst that sent the chipmaker and artificial intelligence (AI) specialist higher was word that another AI start-up had raised billions of dollars, which is likely good news for Nvidia.Heavy spending on AIxAI, the AI start-up founded by Elon Musk, announced on Sunday it had raised $6 billion in its latest funding round. T ...
Why Kratos Defense & Security Stock Is Flying Higher Today
fool.com· 2024-05-28 16:29
One Wall Street analyst sees exciting times ahead for the stock. Defense tech and drone specialist Kratos Defense & Security Solutions (KTOS 1.72%) is popping up on more radars as the company's business matures. On Monday, the stock shot up as much as 5.8%, and was up 3% as of 11 a.m. ET after JMP Securities initiated coverage of Kratos with an outperform rating. The long-term plan is coming together For years, Kratos has been a rare high-risk/high-reward stock in the usually staid defense industry. The com ...
Why Summit Therapeutics Stock Is Sinking Today
fool.com· 2024-05-28 16:13
Core Insights - Investors are reacting negatively to the late-stage results of Summit Therapeutics' experimental cancer therapy, ivonescimab, leading to a significant decline in stock price [1][2] - The therapy showed a median progression-free survival of 7.06 months when combined with chemotherapy, compared to 4.8 months for chemotherapy alone, but had a high incidence of severe adverse events [2] - Summit received its first regulatory approval in China for ivonescimab as a second-line treatment for advanced or metastatic NSCLC with EGFR mutations [3] - The majority of serious adverse events reported were related to chemotherapy rather than ivonescimab, suggesting a potential silver lining in the safety profile [4] - Some investors may see the stock pullback as a buying opportunity, although many analysts recommend caution due to more attractive options in the market [5]