The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017.Tyrone Siu | ReutersNvidia's blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple.The...
Category: Investing
Top Wall Street analysts recommend these stocks for the long haul
The debate over when the Federal Reserve will start to lower interest rates, and the persistence of the artificial intelligence frenzy, are the two key factors that have been influencing the U.S. stock market. Meanwhile, concerns about the course of the economy continue to affect investor sentiment.Against that uncertain backdrop,...
Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024.David A. GroganWarren Buffett's Berkshire Hathaway has scooped up more shares of Occidental Petroleum over each of the past nine trading sessions, driving his gigantic stake in the Houston-based oil and...
Steve Cohen is set to make a big push into investing in AI
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024.CNBCBillionaire investor Steve Cohen's Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom, according to a person close to the firm's plans.The new long/short equity fund, to be launched later this year...
Roaring Kitty’s GameStop stake grows to 9 million shares after selling his big options position
Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024.Source: Roaring Kitty | YouTubeMeme stock champion Keith Gill, known as "Roaring Kitty" online, seemed to increase his ownership in GameStop's common stock and appears to be holding more than 9 million shares.Gill posted a new screenshot of...