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Funds Keep Buying Nvidia's Chipmaker, Amazon Stock And Costco
Investors Business Daily· 2024-05-15 17:51
Nvidia's chipmaker Taiwan Semiconductor Manufacturing (TSM), along with Amazon stock and Costco Wholesale (COST), headline Wednesday's IBD Screen Of The Day, a column that focuses on top ideas in the IBD Stock Screener.X Wednesday's stocks to watch picks come from the Stocks Funds Are Buying screen, which finds issues that mutual funds are buying.Other notable stocks on the screen include eBay (EBAY) and Dow Jones banking giant JPMorgan Chase (JPM).Nvidia's ChipmakerTaiwan Semiconductor, better known as TSM ...
Oracle Stock Jumps On Report of $10 Billion Cloud Deal With Musk's AI Startup
Investors Business Daily· 2024-05-14 18:17
Elon Musk's artificial intelligence startup xAI is in talks with Oracle (ORCL) on a multiyear, $10 billion cloud-computing deal, The Information reported Tuesday. Oracle stock jumped on the news.X Musk's xAI startup would become one of Oracle's largest customers, according to the report. The Information cited a person involved in the talks. The year-old xAI hopes to challenge OpenAI as a developer of large language models that power generative AI tools.On the stock market today, Oracle stock is up more than ...
Another Loss On Rivian's Horizon As Apple Partnership Rumors Swirl
Investors Business Daily· 2024-05-07 15:42
Rivian Automotive (RIVN) reports first-quarter earnings and revenue after the market closes Tuesday, with analysts expecting another loss amid speculation that Apple (AAPL) is looking to partner with the EV startup. Rivian stock advanced early.X Analysts expect Rivian to report a loss of $1.15 per share in Q1, improved from a $1.25 loss a year ago, with sales growing 100% to $1.17 billion.Ahead of earnings, Rivian stock surged early Tuesday after Taiwan-based Digitimes reported Apple could be exploring a pa ...