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Here's How Lucrative Nvidia's Boosted Dividend Is
investors.com· 2024-05-24 12:00
Nvidia boosted its dividend 150% this week. Sounds impressive. But if you're looking to the AI stock for income, you'll still be disappointed.X Even following the dividend hike, Nvidia (NVDA) yields just 0.04%. That ranks just 401st in terms of yield in the S&P 500, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.It's also a fraction of the S&P 500's yield of 1%. But it's important to note the dividend isn't where Nvidia's action is. It's the growth of ...
AVGO Stock Nears Buy Point As Data Center, AI Chip Demand Surge
investors.com· 2024-05-23 21:10
Growth stocks that are less volatile than the larger market are not easy to find. That is because high octane stocks tend to be more rather than less volatile than others. But Investors' Business Daily's Big Cap 20 holds a list of this rarer kind. Some of these are near buy points.X Shares of Broadcom (AVGO)sold off after first quarter results on March 7. The company saw sales of $12 billion which was a 34% increase from the prior year. Earnings of $10.99 per share rose 6%. Sales outlook for the year sugges ...
Booz Allen Hamilton, The Government's AI Agent, Reports Earnings Friday. BAH Stock Is In A Buy Zone.
investors.com· 2024-05-23 16:02
Group 1: Company Overview - Booz Allen Hamilton (BAH) is set to report fiscal fourth-quarter earnings, concluding a year of significant growth acceleration [1] - The company is recognized as a primary resource for the government in modernizing military capabilities and preparing for conflicts, with a substantial backlog due to increased government spending [1][2] Group 2: Financial Performance - Wall Street anticipates Booz Allen's earnings to increase by 22% in fiscal Q4 to $1.23 per share, with revenue projected to grow by 11.7% year-over-year to $2.72 billion [2] - For fiscal 2025, earnings per share are expected to rise approximately 10% to $5.92, while revenue is forecasted to increase about 8% to $11.48 billion [2] Group 3: Stock Performance - Booz Allen's stock surged 13.6% to $147.52 following the Q3 earnings report, and it has been trading within a buy zone after reaching a peak on March 4 [3] - The stock first surpassed the buy point on May 6 and is currently climbing, with a recent price of $153.76 [3]
Nvidia Stock Breaks Out On Jaw-Dropping Q1 Results, Outlook
investors.com· 2024-05-23 14:56
AI chip leader Nvidia (NVDA) topped even Wall Street's elevated "whisper numbers" with its fiscal first quarter results and guidance. The news sent Nvidia stock surging on Thursday.X The Santa Clara, Calif.-based company late Wednesday said its adjusted earnings rocketed 461% year over year to $6.12 a share in the quarter ended April 28. And its sales surged 262% to $26 billion. Analysts polled by FactSet had forecast earnings of $5.60 a share on sales of $24.59 billion.For the current quarter, Nvidia expec ...
Nvidia CEO Jensen Huang Touts Auto Industry's AI Data Center Demand, Says Tesla 'Far Ahead'
investors.com· 2024-05-23 12:38
Nvidia (NVDA) Chief Executive Jensen Huang talked up Tesla (TSLA) autonomous driving efforts on Wednesday, claiming the EV giant is "far ahead" on self-driving vehicles and that all cars will eventually have autonomous abilities. TSLA shares angled higher early Thursday.X "Tesla is far ahead in self-driving cars but every single car someday will have to have autonomous capability," Huang told Yahoo Finance Wednesday night. "It's safer, more convenient, it's more fun to drive."Tesla along with Chief Executiv ...
Stock Market Takes Well-Deserved Break As This Hot Index Cools Off But Nvidia Rises After Hours
investors.com· 2024-05-22 22:32
Dow Jones Futures: Nvidia Earnings Boom, CEO Jensen Huang Hails 'Next Industrial Revolution'; AI Plays Rally12:34 PM ETNvidia earnings boomed and the CEO touted the "next industrial revolution." Will the AI chip leader lift the market rally? 12:34 PM ETNvidia earnings boomed and the CEO touted the "next industrial... ...
Snowflake Stock Jumps On Better-Than-Expected Revenue, Sales Guidance
investors.com· 2024-05-22 21:14
Snowflake stock jumped late Wednesday after the data analytics company gave a mixed first-quarter report. Earnings came in below analyst expectations, but revenue exceeded consensus. Snowflake (SNOW) boosted its sales outlook for the rest of the year.X The software firm said that it earned an adjusted 14 cents per share on sales of $828.7 million for the April-ending quarter. On average, analysts projected that Bozeman, Mont.-based Snowflake would post adjusted earnings of 18 cents per share on sales of $78 ...
Amazon Readying AI Overhaul Of Alexa Voice Assistant With Paid Plan: Report
investors.com· 2024-05-22 15:37
Amazon (AMZN) is planning to give its Alexa voice assistant a generative AI-powered upgrade that could require a new subscription fee, CNBC reported Wednesday. Amazon stock was slightly higher in early trading.X The Seattle-based tech behemoth plans to launch the upgraded Alexa later this year, according to CNBC's report. Amazon has not yet decided on a price for the subscription. But it would be charged separately from its $14.99-per-month Prime subscription, the report said, citing unnamed sources.The tec ...
Microsoft Stock Flirts With Breakout On AI Software News
investors.com· 2024-05-21 18:30
Software giant Microsoft (MSFT) on Tuesday pitched developers on its latest artificial intelligence tools in a bid to further its ambition to lead the tech industry in the generative AI era. Microsoft stock rose on the news.X In a keynote speech at the company's Microsoft Build conference in Seattle, Chief Executive Satya Nadella discussed new capabilities coming to its Azure cloud infrastructure and AI assistants called Copilots.Those advancements include Real-Time Intelligence in the Microsoft Fabric plat ...
Taking Advantage Of Higher Implied Volatility On Marvell Stock
investors.com· 2024-05-21 18:18
Marvell Technology (MRVL) is set to report earnings on May 30 after the closing bell. The options market is pricing in a 10% move in either direction, and higher implied volatility ahead of earnings makes selling premium more attractive. Here's how you can set up a cash-secured put on Marvell stock.X What Makes A Cash-secured Put Attractive?A cash-secured put involves selling an at-the-money or out-of-the-money put option and simultaneously setting aside enough cash to buy the stock.The goal is to either ha ...