NVIDIA Surges 6% as a 70% Growth Forecast Overrides a Memory Margin Warning, AMD and Intel Tick Up
NVIDIA just posted the kind of earnings beat that lifts an entire sector, but the same force powering its revenue growth is quietly eating into its margins in a way management admits will get worse before it gets better.
A major player in 2020s tech hardware is pulling up some index funds today,
Cathie Wood buys $22.3 million of surging semiconductor stock
Cathie Wood, head of Ark Investment Management, often makes moves in her favorite tech stocks around earnings season.
This time, she’s buying Nvidia (NVDA), adding $22.3 million worth of shares just days before the chipmaker’s quarterly earnings report.
Last year, the flagship Ark Innovation ETF gained 35.49%,
» Read more about: Cathie Wood buys $22.3 million of surging semiconductor stock »
Read MoreEthereum Staking Rewards Steal Limelight From Bitcoin ETFs
In Bitcoin ETF news, Ethereum Staking products are drawing significant attention away from BTC, having become an important feature in crypto exchange-traded products that allow investors to seek blockchain rewards through a brokerage account rather than managing the process directly.
21Shares describes staking as locking up an amount of an asset to verify transactions on a blockchain network,
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Read MoreTwo Fed Officials Say Rates Aren’t in Restrictive Territory
(Bloomberg) — Two Federal Reserve officials said the central bank’s interest-rate setting is not restraining the US economy at a time when inflation continues to run above its 2% target, urging their peers to act soon to cool price pressures.
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“For me I think it might be accommodative on the short end,”
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Read MoreUS Federal Reserve Chair Kevin Warsh hints interest rate hikes may come as inflation ‘still too high’
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Read MoreThe Burst
Palantir Just Posted Blowout Earnings, So Why Did the Stock Tank?
On the surface, Palantir Technologies (NYSE: PLTR) is firing on all cylinders. Revenue is accelerating. Margins are expanding. The company just posted its sixth consecutive quarter of profitability, a first in its history. And yet, within hours of reporting one of its strongest earnings beats to date, the stock cratered by double digits.
So what gives?
» Read more about: Palantir Just Posted Blowout Earnings, So Why Did the Stock Tank? »
Read MoreThe Ivy
Birkenstock Is Bouncing, Should Long-Term Investors Stay the Course?
Birkenstock sandals may be designed for comfort, but since going public, Birkenstock stock (NYSE: BIRK) has delivered more of a roller coaster than a relaxing stroll.
Over the past 12 months, shares have swung from gains in the mid-teens to losses twice that size, and as of today, they’re sitting roughly 8% in the red.
» Read more about: Birkenstock Is Bouncing, Should Long-Term Investors Stay the Course? »
Read MoreThe Spotlight
Will This AI Stock Be the Ultimate Comeback Story?
SportRadar first came to the attention of most investors when the firm debuted on the public markets amid much fanfare a few years ago.
Then the hype surrounding the company was rooted in SportRadar’s role as a leader in sports data intelligence, which is key to the sports betting industry.
The company had formed a series of partnerships with major sports leagues and provided data to sportsbooks.
» Read more about: Will This AI Stock Be the Ultimate Comeback Story? »