After hitting a 2023 high of nearly $9.75 per share on June 14, SoFi Technologies (NASDAQ:SOFI) stock was hit by bearish analysis that had brought it down closer to $8. The market cap on the online banking company was still $7.8 billion, five times more than the $1.57 billion of revenue it had last year,
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In the investing world, large investors such as hedge funds and private equity firms carry tremendous power to make or break a company. When a small or micro-cap stock gets backing from some large investment entity, it typically causes a massive shift in the company outlook. It gets eyes on it from prominent retail investors
Countries across the world are moving towards electric vehicles to build a cleaner and greener future. Currently valued at over $250 billion, the EV market is projected to reach $561 billion this year and the market unit sales are expected to hit 17 million by 2028. While the electric vehicle industry suffered from a slump
Budrul Chukrut | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Lucid Group — Lucid shares jumped 9% after the electric vehicle maker said it will provide powertrain and battery systems to British luxury automaker Aston Martin. WSFS Financial — The regional bank added 4.4% after D.A. Davidson upgraded the
Analysts want to hit pause on Palantir Technologies (NASDAQ:PLTR) stock, saying the software as a service company is overbought as an artificial intelligence play. Since four analysts downgraded PLTR stock around June 16 they’re down 15%, trading June 22 around $14. The price remains generous. The company had $1.9 billion in sales last year but
In this article PACW GOOGL LCID MRNA TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla electric car is plugged into a recharging terminal at a Healthy Living Market store June 18, 2023 in South Burlington, Vermont. Robert Nickelsberg | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla —
Income investors often search for stocks for long-term dividends and buybacks to round out their portfolios. The obvious starting point to locate these types of investments is by looking at yield. This tells you the percentage of that company’s share price paid out in dividends. It offers a touchpoint for investors, but it’s an imperfect
Companies within the tech sector have been a real draw for investors for a long time. Stocks like Meta Platforms (NASDAQ:META), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT), which are all in the tech sector, are some of the most popular companies trading in the U.S. The upside for the tech sector keeps improving with the application of generative AI.
In an exciting turn of events, natural gas futures prices soared on the international market. According to the U.S. Energy Information Administration, Bloomberg Finance L.P. reported that short-term futures for liquefied natural gas cargoes in East Asia saw an impressive $2.21 increase, settling at a weekly average of $11.50 per metric million British thermal unit
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. It turns out that AI is astonishingly good at picking stocks. Several notable studies this year have used ChatGPT and other large language models to beat the market. Some have used sentiment analysis to
When financial traders are willing to buy a stock at any price, that’s not a good sign. It’s hard to be a contrarian with Microsoft (NASDAQ:MSFT) now, as MSFT stock continues to steamroll ahead on artificial intelligence hype. Yet, no company – not even the almighty Microsoft – can remain a darling of the markets forever.
Investors in the realm of artificial intelligence are closely watching the developments surrounding the Amazon-AMD deal, as it has the potential to impact AI stocks significantly. This partnership presents significant opportunities for companies operating in the AI sector. Investors, in turn, are actively seeking AI stocks with high potential and promising growth prospects. Artificial intelligence,
With oil prices hovering around $70 and some analysts believing they could go as high as $100. Therefore, it may seem like a waste of time to think about high-risk oil stocks. However, there will come a day – perhaps later than 2050 – when the only place you’ll find an internal combustion engine vehicle is
Cloud computing is more than just using someone else’s computer. The ability for large teams to collaborate, create and publish together seamlessly has upended business workflows in a way few technologies have ever before. No modern large company can even exist without cloud capabilities, and the largest companies are buying ever more cloud space for
In this article JCI KR TSN Follow your favorite stocksCREATE FREE ACCOUNT A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. While China revamps its rulebook for tech, the European Union is thrashing out its own regulatory framework to rein in AI
A view of the Starbucks vending van during its debut in Hangzhou in Zhejiang province Tuesday, June 7, 2022. Long Wei | Future Publishing | Getty Images Check out the companies making headlines in midday trading. Starbucks — Starbucks shares lost nearly 3% after a union representing workers said strikes are slated to begin Friday
You may have noticed that tech stocks are on fire this year. But did you know that they’ve actually never been hotter? The tech-heavy Nasdaq 100 index is up more than 37% year-to-date. That marks the Nasdaq’s best yearly performance through June ever. Tech stocks have never had a better start to a calendar year.
In this article W UAA AI KMX SPCE SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks workers union advocates wears union shirts at the Senate Health, Education, Labor and Pensions Committee hearing on No Company is Above the Law: The Need to End Illegal Union Busting at Starbucks in the Dirksen Senate Office Building on
When looking for artificial intelligence (AI) stocks with new partnerships, the problem isn’t finding them; it’s trying to figure out whether these announcements make the companies AI stocks to invest in. After all, if the advent of AI was a nine-inning baseball game, we’re only in the first couple of innings. Sure, companies like Microsoft (NASDAQ:MSFT)
At one point, the metaverse was the talk of the town. Companies like Meta Platforms (NASDAQ:META) spent billions of dollars on its development only to watch it fizzle and fade. However, don’t be so quick to write off the digital world just yet. With the help of artificial intelligence, the metaverse could get a second