Arm Holdings PLC, the British chip design company, went public on the Nasdaq stock exchange on September 14, 2023, with an IPO price of $51 per share. After the first day of trading, The stock closed the day at $63.59, up 24.68% from its IPO price. This gave Arm a market capitalization of $65 billion….
Nvidia breaks a new high with data centers and AI to $502 Nvidia’s most recent financial report was released on August 23, 2023, for the second quarter of fiscal year 2024. The company reported record revenue of $13.51 billion, up 101% from a year ago and up 88% from the previous quarter. Strong demand for…
Musk was speaking at Tesla’s yearly shareholders meeting in Texas, in what may be a sign of tough times for the world’s biggest electric car maker. Tesla is a leading electric vehicle (EV) manufacturer and clean energy company. The company has a strong product portfolio. Tesla’s Model S and Model X are two of the…
Nvidia is currently the 6th most valuable company in the world by market capitalization. As of August 19, 2023, its market capitalization is $762.5 billion. Nvidia’s market capitalization has grown significantly in the past year, due to the increasing demand for its chips for artificial intelligence (AI) and other high-performance computing applications. The company is…
Amazon, founded by Jeff Bezos in 1994, began as an online bookstore but quickly expanded its product range. Over the years, it has grown into a global e-commerce juggernaut, offering a vast array of goods and services. Apart from retail, Amazon has several business segments, including Amazon Web Services (AWS), which provides cloud computing services;…
The cloud business is growing rapidly, and it is expected to continue to grow in the coming years. The global cloud computing market size was valued at $524 billion in 2022 and is projected to reach $1614 billion by 2030, exhibiting a annual Growth Rate each year around 20.0% during the forecast period (2023-2030). The…
Incyte’s (INCY) stock financial performance and technical graph are both interesting at the moment. Incyte (INCY) is a pharmaceutical company that develops and commercializes proprietary small molecule drugs, primarily used in oncology. The company’s portfolio includes JAK inhibitors, which are used to treat a variety of blood cancers, as well as other drugs for the…
Alibaba Group, founded by the charismatic entrepreneur Jack Ma, has been a force to reckon with in e-commerce, cloud computing, digital media, and more. But recent regulatory changes in China have brought new challenges Alibaba is a Chinese multinational technology company that specializes in e-commerce, retail, cloud computing, and artificial intelligence. The company was founded…
EV stocks are more volatile than some other types of stocks, so if you have a low risk tolerance, then you may want to avoid them. If you are looking for a long-term investment, then EV stocks could be a good option. However, if you are looking for a short-term investment, then you may want…
On July 26, 2023, Volkswagen announced that it would invest $700 million in XPeng. The investment will give Volkswagen a 4.99% stake in XPeng and will allow the two companies to collaborate on the development of electric vehicles. The news of the Volkswagen investment sent XPeng’s stock soaring. The stock price rose as much as…