Why Did Nvidia, Broadcom and Other AI Stocks Fall Sharply on Wednesday
The AI trade is unwinding — with investors increasingly worried about debt raising by companies like Oracle and CoreWeave used to finance AI data-center buildouts.
Crypto Rally Continues as Bitcoin Tops $110K and Ether Breaks $4,000
Bitcoin climbed in the short term, rebounding above $110,000 with a nearly 3% gain over the past 24 hours; Ether surged past $4,000, rising more than 3% in the same period.
Wolfspeed Tumbled after Planning Corporate Move Amid Bankruptcy
Wolfspeed tumbled 21% in premarket after slumping 17% on Thursday on the news of planning corporate move amid bankruptcy.Wolfspeed plans to convert from a North Carolina corporation to a Delaware...
Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up
Chipmaker’s revenue beats have made projections difficultRecent estimates have deviated from results by an average 12%Nvidia Corp. is the most expensive stock in the S&P 500 Index, with its shares trading for roughly 23 times the company’s projected sales over the next 12 months.But there’s a problem with that valuation. In the age of the artificial intelligence boom, no one can figure out what the chipmaker’s revenues are actually going to be — not the Wall Street analysts covering Nvidia or Nv
Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package
Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge