Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck’s CEO. “Semiconductors have become the heart of the AI trade,” Jan van Eck told CNBC’s “ETF Edge” this week. His firm’s VanEck Semiconductor ETF (SMH), which tracks 25 of the biggest chipmakers in the country, is up … Read more
Check out the companies making headlines in midday trading. Boeing — Shares ticked up 1.6% after the aerospace company said earlier on Monday that CEO David Calhoun would step down at the end of 2024. Board chairman Larry Kellner will also step down, the company added. Masimo — The medical technology company climbed nearly 5%. … Read more
Check out the companies making headlines in midday trading. Victoria’s Secret – The intimate apparel retailer shed 36% and headed for its worst day on record after posting mixed fourth-quarter results and disappointing guidance. Victoria’s Secret said it anticipates a larger-than-expected decline in revenues for the first quarter and full year. Novo Nordisk — Shares … Read more
Investors may want to consider putting money to work in a lagging part of the market. According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal. “The [oil] supply is there. The companies are arguably the next best cash flowing companies [compared to] the semiconductors,” he told CNBC’s “ETF Edge” this … Read more
Check out the companies making headlines in midday trading. Pinterest — Shares fell about 11% after the image-sharing company issued softer-than-expected guidance for its first-quarter revenue. Late Thursday, Pinterest posted fourth-quarter revenue that disappointed Wall Street, but beat on earnings, per LSEG. CleanSpark – The bitcoin miner surged 37% after posting better than expected results … Read more
Nvidia shares hit a fresh all-time high today, and its gains may still be in the early innings, according to VanEck CEO Jan van Eck. Van Eck, whose firm runs the largest U.S. semi exchange-traded fund, points to a first-mover edge in the race to fabricate artificial intelligence chips that could bolster the performance of … Read more