Tech companies like AMD, Qualcomm, and NVIDIA are set to report earnings in August. Constellation Research Principal Analyst and Founder R "Ray" Wang joins Yahoo Finance Live to talk about what he calls "MATANA" stocks, also known as Microsoft, Apple, Tesla, Alphabet, NVIDIA, and Amazon. Wang explains how "AI is driving the valuation growth" and how "there was pre-Chat GPT and then post-Chat GPT," for these tech stocks.
AI 'driving' valuation growth for Big Tech stocks: Analyst
08/01/2023 00:44Tech companies like AMD, Qualcomm, and NVIDIA are set to report earnings in August. Constellation Research Principal Analyst and Founder R "Ray" Wang joins Yahoo Finance Live to talk about what he calls "MATANA" stocks, also known as Microsoft, Apple, Tesla, Alphabet, NVIDIA, and Amazon. Wang explains how "AI is driving the valuation growth" and how "there was pre-Chat GPT and then post-Chat GPT," for these tech stocks.
Bloomberg
Traders Pay $200,000 a Day to Ship Gas as Tankers Become Scarce Ahead of Winter
(Bloomberg) -- Traders are poised to shell out more than $200,000 a day to ship liquefied natural gas in the coming months as tankers grow scarce ahead of winter, when demand for the heating fuel peaks. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsWhy China’s Miracle Growth Story May Be Coming to an End‘FOMO Rally’ Hits a Wall as S
AP Finance
San Francisco prosecutors to lay out murder case against consultant in death of Cash App's Bob Lee
The San Francisco prosecutor's office began laying out its case Monday against a tech consultant charged with murder in the stabbing death of Cash App founder Bob Lee, who was found bleeding on a deserted city street in April. Prosecutors have provided no motive and released little information in a case that has drawn outsized media attention, partly due to Lee's status in the tech world. Lee created Cash App, a mobile payment service, and was the chief product officer of the cryptocurrency MobileCoin.
TipRanks
‘It’s a Profitable Time’: Billionaire Ken Fisher Stays Heavily Invested in These 2 ‘Strong Buy’ Stocks
We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker. Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way. Bu
TipRanks
Seeking at Least 9% Dividend Yield? This 5-Star Analyst Suggests 2 Dividend Stocks to Buy
“What lies ahead for the stock market?” That’s the burning question on the minds of every market and economic expert out there, and it’s undoubtedly a challenging one. Inflation has moderated to a reasonable 3% annually, and the job market is showing signs of strength. Stocks are surging, indicating that investors have factored in the risk of a potential recession. However, this leads to a problem highlighted by B. Riley’s chief investment strategist, Paul Dietrich. He points out that the latest
SmartAsset
Buy, Borrow, Die: This is How the Rich Avoid Taxes
Investing money can help you build wealth, but taxes can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and preserve more of your wealth. The concept … Continue reading → The post Buy, Borrow, Die: How the Rich Avoid Taxes appeared first on SmartAsset Blog.
Barrons.com
These Stocks Are Moving the Most Today: SoFi, New Relic, XPeng, Nikola, Palantir, Wayfair, and More
SoFi Technologies posts a narrower-than-expected second-quarter loss and raises guidance, New Relic is being acquired, Nikola receives a large order, Palantir shares continue their rally, and Wayfair stock is upgraded.
FreightWaves
Yellow’s demise: 2 decades in the making
Less-than-truckload carrier Yellow Corp. closed the gates Sunday and ceased all operations. The post Yellow’s demise: 2 decades in the making appeared first on FreightWaves.