Investing

The recent decline in Nvidia shares is a great buying opportunity, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for the chipmaker and added the company to its US1 top ideas list. It cited the company’s product leadership several large growth categories. Nvidia is “one of the more unique investments
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Monday’s broad-based sell-off pushed stocks below important technical levels, signaling more pain ahead for the market. “The story you just can’t avoid is the cracking leadership of this market,” said James Paulsen, chief investment strategist at Leuthold Group. In afternoon trading, 10 of 11 major S&P sectors were trading at correction levels Monday, 10 percent
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Jonathan Ernst | Reuters President Donald Trump delivers remarks on the U.S. opioid crisis, at Manchester Community College in Manchester, New Hampshire, March 19, 2018. Amazon shares fell nearly 2 in the premarket Monday after President Donald Trump attacked the company from his Twitter account. The president said via Twitter on Saturday that Amazon was
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One theme that could continue to weigh on the sector for months to come is regulation. Though talk of regulation has mostly focused on Facebook, the social network’s data crisis could spill over to other big tech companies. On Monday, Senate Judiciary Chairman Chuck Grassley called on Facebook’s Mark Zuckerberg to testify at a hearing
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Starbucks’ big expansion into Asia will underperform the company’s guidance, according to one Wall Street firm. Wedbush Securities lowered its rating to neutral from outperform for Starbucks shares, predicting the company’s sales growth will come in below expectations next year. Starbucks management said Jan. 31 that the company’s China business will represent approximately 25 percent
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The market has changed. A couple weeks ago, it was all about tariffs and China trade wars. Now, there’s new uncertainty around earnings and how it may impact the market leader, technology. A social media crisis with Facebook that may also affect other social media stocks and Alphabet potentially as well. Driverless-car issues affecting Nvidia
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Jason Lee | Reuters A man visits Qualcomm’s booth at the Global Mobile Internet Conference 2017 in Beijing, China April 28, 2017. The Trump administration reportedly is contemplating using an existing law related to national emergencies to restrict Chinese investment in sensitive technologies. The news comes on the heels of President Donald Trump‘s decision to
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AMD and Nvidia will suffer as specialized digital currency mining chips hit the market this year, according to a Wall Street firm. Susquehanna reduced its rating to negative from neutral and lowered its price target for AMD shares, citing impending competition from cryptocurrency mining company Bitmain. “During our travels through Asia last week, we confirmed
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