Check out the companies making headlines in extended trading. Nvidia — The chip giant saw shares climb more than 8% in after-hours trading on the back of record quarterly revenue driven by its booming artificial intelligence business. Nvidia’s total revenue rose 265% from a year ago, based on strong sales of AI chips for servers. … Read more
Short seller Jim Chanos is best known for calling the collapse of Enron, the world’s largest energy trading company at the time. He was widely credited as the first person to figure out that Enron was a house of cards. “As the dot-com era went on, people really began to embrace more and more stories … Read more
Walmart, forecast fiscal 2025 sales above Wall Street expectations on Tuesday and said it would buy smart TV maker Vizio (VZIO.N), for $2.3 billion. Shares in the U.S. retail giant rose 3 per cent in premarket trading after it also announced its biggest dividend increase in more than a decade. Walmart proposed to buy Vizio for … Read more
Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market. He finds clients, including many who traded through the dot-com boom and subsequent collapse, are more worried about being underinvested than overexposed right now. “That’s the first time that’s happened since 2021 for us,” the firm’s senior … 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
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Pershing Square’s Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among Main Street investors. The hedge fund … Read more
Check out the companies making headlines in extended trading. Pinterest — Shares slid 6% in extended trading after the image-sharing company issued a weaker-than-expected forecast. Pinterest also missed revenue estimates but beat on earnings in its fourth-quarter earnings report, per LSEG. Take-Two Interactive Software — Shares dropped almost 7% in extended trading after the video … Read more
A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income, but launched a new 280 million euro ($302 million) share buyback program. The French lender posted a … 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
Key Points The chair and CEO of the Omega Family Office said investors have been too optimistic about the number of rate cuts the Federal Reserve will enact this year. Cooperman pointed out that the S&P 500 is now trading at 21 times forward earnings, which seems unsustainable. Billionaire investor Leon Cooperman forecasts that the … Read more