After experiencing a five-day uptrend, Nvidia's (NVDA, Financial) stock price has nearly reached its historical high. Recently, Nvidia shares increased by 4.05% to close at $132.89, just shy of the peak of $135.58 set in June. Wall Street analysts are optimistic, driven by the robust demand for Nvidia's new Blackwell chip series, which is anticipated to significantly boost the company's performance next year.C.J. Muse, an analyst at Cantor Fitzgerald, expressed that Nvidia is a standout in the chip industry ...

The Bloomberg Dollar Spot Index has experienced its eighth consecutive daily increase, marking the longest rally since April 2022. This surge follows unexpectedly robust U.S. employment data, which has led the market to dismiss the likelihood of a 50 basis point rate cut by the Federal Reserve this year. Consequently, the dollar has reached its highest level since mid-August.The resilience of the U.S. economy, highlighted by recent surprising data, has forced traders to recalibrate their expectations for le ...

Core Points - The U.S. Department of Justice is considering a court order to force Alphabet, Google's parent company, to divest parts of its business, such as Chrome and Android, to dismantle alleged illegal monopolies in these sectors [1] - A U.S. judge previously ruled that Google holds an unlawful monopoly in internet search, paving the way for antitrust penalties [1] - Google has until December 20 to propose remedies to avoid the breakup envisioned by the Department of Justice, which plans to submit its proposals by November 20 [3] Regulatory Environment - The Justice Department argues that to counteract Google's monopolistic impact, they must ensure Google cannot dominate the market again in the future [2] - There may also be regulatory oversight on Google's AI development to prevent its dominance from extending further [2] - Google criticized these proposals as overly aggressive and unrelated to the specific legal issues of the search monopoly case [2] Competitive Landscape - A recent ruling declared Google's Android app store practices illegal, pushing for increased competition in that area [3] - The company is also battling the Justice Department over its advertising business's monopolistic status, stretching its resources thin amid various antitrust investigations [3] - Other major tech firms like Meta, Amazon, and Apple are facing similar antitrust scrutiny, signaling a broader regulatory wave over Silicon Valley [3]

In this article, we will take a look into Applied Materials Inc's (AMAT, Financial) DCF analysis, a reliable and data-driven approach to estimating its intrinsic value. Instead of using future free cash flow as in the traditional DCF model, the GuruFocus DCF calculator uses EPS without NRI as the default for the DCF model based on research that shows that historically stock prices have been more correlated with earnings than free cash flow. As of 2024-10-09, Applied Materials Inc's intrinsic value as calcul ...

U.S. stock index futures faced declines as expectations for a Federal Reserve rate cut in November weakened. The yield on the 10-year U.S. Treasury hovered around the critical 4% level, while the U.S. dollar index rose by 0.2% to 102.67.In pre-market trading, popular Chinese stocks saw widespread declines. JD.com (JD, Financial) shares fell over 5%, and NIO (NIO) saw a drop of more than 3%. On the other hand, Nvidia (NVDA) rose slightly by 0.23% amid news from a summit about the energy efficiency of its Bla ...

According to a report by Morgan Stanley analysts, TSMC (TSM, Financial) is expected to sustain a compound annual growth rate (CAGR) of 15%-20% over the next five years. This growth is propelled by increasing demand for AI chips and outsourced business from integrated device manufacturers.In the fourth quarter, TSMC's gross margin is projected to slightly increase to 55.5% from the previous quarter's 55%, driven by robust demand for AI chips and an increase in the production of Apple's 3nm chips. Following a ...

RBC Capital has recently adjusted its outlook on Abbott Laboratories (ABT, Financial), increasing its target price from $125 to $130. The firm continues to maintain an "Outperform" rating for the company, indicating a strong confidence in its potential for growth in the market. ...

Boeing (BA, Financial) shares dropped more than 1.5% in pre-market trading, priced at $152.29. S&P has placed Boeing on a negative ratings watch, indicating a potential downgrade to junk status. The current rating stands at BBB- with a negative outlook.S&P projects that ongoing strikes are costing Boeing $1 billion each month. If strikes conclude by the fourth quarter, Boeing is anticipated to burn through $10 billion in cash by 2024.Additionally, sources reveal that negotiations between Boeing and the IAM ...

Company Performance - New Oriental (EDU) shares dropped by 1.87% in pre-market trading, priced at $74.36 [1] - Macquarie revised its forecast for New Oriental's non-GAAP net profit for fiscal years 2025 to 2027, reducing it by 11.6% to 13.3% [1] - The revision is based on a lowered revenue prediction and non-GAAP operating profit forecast for the company [1] Business Segments - New Oriental's non-academic K-9 business remains robust [1] - An anticipated slowdown in the growth of its overseas test preparation business during the first quarter of fiscal year 2025 [1]

Analysts at Morgan Stanley predict that Taiwan Semiconductor Manufacturing Company (TSM, Financial) could continue achieving a compound annual growth rate (CAGR) of 15%-20% in revenue over the next five years. This growth is primarily driven by the rising demand for artificial intelligence (AI) chips and outsourcing by integrated device manufacturers.The analysts expect TSMC's gross margin to increase slightly from 55% in the third quarter to 55.5% in the fourth quarter, spurred by robust demand for AI chip ...