Why Nvidia Stock Hit a New All-Time High Today, and Why There's Likely More to Come
Shares of Nvidia (NVDA +4.39%) were sharply higher on Thursday, climbing as much as 4.7% to a new all-time high. As of 2:12 p.m. ET, the stock was still up 3.8%.
There was a tidal wave of positive news that sent the artificial intelligence (AI) chipmaker higher,
NVIDIA is Up 20% in a Month. Could the May 20 Earnings Report Knock It Right Back Down?
Shares of NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) are trading at $236 in Thursday afternoon action, up 4.5% on the session. The move extends a rally that has lifted the chipmaker 20% over the past month and 27% year to date.
NVIDIA’s market cap now sits near $5.71 trillion,
Read MoreAre Iren's $5.5 Billion Deals With Nvidia Game Changers?
When Nvidia (NVDA +4.35%) hands you a five-year, $3.4 billion cloud infrastructure contract and simultaneously agrees to a warrant to buy $2.1 billion worth of your stock, the instinct is to call it a turning point.
For Iren (IREN +5.91%),
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Read MoreHow Social Security recipients could score a nearly 4% cost-of-living boost
Here’s an upshot to inflation.
Social security recipients could soon be seeing an increase in benefits amid the rising costs of living.
Seniors and others who receive Social Security benefits could receive a 2027 cost-of-living adjustment (COLA) of 3.9%, according to a new estimate from the Senior Citizens League, an advocacy group for older American citizens.
» Read more about: How Social Security recipients could score a nearly 4% cost-of-living boost »
Read MoreDow Jones, Nasdaq And S&P 500 Intraday Levels – Is The Stock Markets Rally Over?
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Read MoreThe Burst
Billionaires Are All In, Are You?
It’s come as a bit of a surprise to many astute observers to see billionaires go all in on oil. For instance, in Warren Buffett’s top 6 holdings, 2 are oil stocks, Chevron and Occidental Petroleum.
Buffett has taken massive stakes in both companies. In Chevron, he holds an $18.8 billion stake while in Occidental the amount is $14.1 billion.
» Read more about: Billionaires Are All In, Are You? »
Read MoreThe Ivy
The Magnificent 7 Have a New Trillion Dollar Rival
Berkshire Hathaway (NYSE:BRK.B) is arguably one of the most successful companies in American history. The conglomerate founded by Warren Buffett now owns stakes in both large public companies and several wholly-owned subsidiaries.
Berkshire itself has also been a remarkable investment vehicle for its shareholders, boasting a 30-year total return of over 3,000%.
» Read more about: The Magnificent 7 Have a New Trillion Dollar Rival »
Read MoreThe Spotlight
Is SNAP a Buy After the Crash?
When a stock bombs, it’s usually best to run for cover. Every once in a while, though, it’s worth a closer look. If the fundamentals are strong, the future prospects are good, and the selloff was overblown, it’s possible the company’s stock is on sale.
So many stocks have dipped to record lows in recent months that it makes it tough to separate the great buys from the risky ones.