With one going up and the other down, Nvidia is now worth as much as the entire Chinese stock market, represented by the H shares of the Hong Kong stock market.That’s a point made by Michael Hartnett, Bank of America strategist, who also notes that the $600 billion market cap rise in Nvidia NVDA, -0.65% over just the last two months equals the entire market cap of Tesla TSLA, +1.06%. Nvidia has soared 228% over the last 52 weeks, while the Hang Seng HK:HSI in Hong Kong has dropped 26%. Hartnett was focusing ...

Many stock investors feared last year that companies with a disruptive impact on technology would continue to underperform, due to higher interest rates and a weaker macroeconomic backdrop. This uncertainty created a unique entry point for investors into some of the most interesting parts of the innovative tech ecosystem, particularly in software and semiconductors.Excitement around generative artificial intelligence (AI) dominated U.S. equity-market sentiment and wealth creation in 2023. The greatest winne ...

Shares of Bill Holdings Inc. seesawed in after-hours trade on Thursday, as strong quarterly results ran up against questions about the business-assistance software platform’s more upbeat profit outlook following steep cuts two months ago, amid continued caution on spending among its small-business customers. Shares were down 3.6% after hours, after initially jumping 15% following the closing bell. Shares of Bill are down 24.2% over the past 12 months. For its full year, which ends on June 30, Bill said it e ...

Drugmakers grilled on the cost of prescription drugs on Capitol Hill Thursday sought to deflect the criticism onto drug-market middlemen who they said are pushing list prices for medications higher. The chief executives of Johnson & Johnson JNJ, -0.96%, Merck & Co. MRK, -0.63% and Bristol Myers Squibb Co. BMY, -0.05% were faced with sharp questioning from Sen. Bernie Sanders, the Vermont independent, and other members of the Senate Health, Education, Labor and Pensions Committee demanding to know why U.S. p ...

Alphabet Inc.’s GOOGL, +0.13% GOOG, +0.21% Google has a new name for its Bard AI chatbot: Gemini. The company announced the change Thursday, and said it is releasing a dedicated Gemini app for Android. It also said Gemini Ultra 1.0 — the largest and most capable version of Google’s large language model — is being released to the public.  ...

Walt Disney Co.’s stock has languished in recent years, but now the company is acting with “urgency” to tackle a critical goal. That message is resonating with investors after Chief Financial Officer Hugh Johnston outlined a double-digit margin target for the company’s streaming business, which has made great financial strides even as it currently continues to lose money. While Johnston didn’t give a specific timeline for the goal, he said Disney DIS, -0.15% felt “a sense of urgency in getting there.”The co ...

Hershey Corp. HSY, -0.27% reported a fourth-quarter earnings beat before market open Thursday, although shares fell 3% in premarket trades, weighed down by weaker-than-expected sales and guidance. The chocolate and salty snacks company reported net income of $349 million, or earnings of $1.70 a share, compared with net income of $396 million, or earnings of $1.92 a share, in the prior year’s quarter. The company’s adjusted earnings were $2.02 a share, flat from the prior year’s quarter. Analysts surveyed b ...

Kenvue Inc.’s stock KVUE, -0.39% fell by 3.2% in premarket trading on Thursday after the household products spin-off of Johnson & Johnson JNJ, -0.05% reported lower fourth-quarter profit and said its 2024 earnings would fall short of the FactSet consensus estimate. It also missed its revenue target for the fourth quarter. Kenvue said its net income for the three months ended Dec. 31 fell to $327 million, or 17 cents a share, from $361 million, or 21 cents a share, in the year-ago quarter. Adjusted fourth-q ...

Core Viewpoint - Philip Morris International Inc. reported a decline in fourth-quarter net income and cigarette shipment volume, leading to a decrease in stock price during premarket trading [1] Financial Performance - The company earned $2.19 billion, or $1.41 per share, in the fourth quarter, down from $2.38 billion, or $1.54 per share, in the same quarter last year [1] - Adjusted profit of $1.36 per share fell short of the FactSet consensus estimate of $1.45 per share [1] - Revenue increased by 11% to $9.05 billion, aligning with analysts' estimates [1] Future Outlook - For 2024, the company expects earnings of $5.90 to $6.02 per share, which is below the analyst estimate of $6.60 per share [1]

PayPal Holdings Inc. hit the reset button once again, and its shares were tumbling in Thursday’s premarket trading as some on Wall Street continued to express skepticism about the ease of the company’s turnaround. Despite “bold efforts” by management in the middle of the quarter “to rejuvenate a story which many investors had abandoned,” Wells Fargo analyst Andrew Bauch said that PayPal’s PYPL, -0.74% latest results and outlook were “more likely to vindicate the perma-bears and leave the want-to-be-bulls in ...