Companies Making Headlines in Midday Trading – September 15, 2023 Companies Making Headlines in Midday Trading Check out the latest updates on the companies making headlines during midday trading on September 15, 2023. General Motors, Ford, Stellantis Shares of Ford were relatively unchanged, while General Motors saw a 0.9% increase and Stellantis rose by 2.2% …
Arm’s highly anticipated debut on the Nasdaq exchange is a major win for SoftBank, which recently spun off the company it acquired in 2016. However, Wall Street is scratching its head over the valuation. The UK-based chip design company saw its stock surge 25% to $63.59 after its initial public offering (IPO), pushing its fully …
Visitors shop at the Apple Flagship Store, which is temporarily open due to an upgrade, in Shanghai, China, July 18, 2023. CFOTO | Future Publishing | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, …
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Discover the companies making headlines in midday trading. WestRock — The stock gained 5% in midday trading on news of an impending merger with Smurfit Kappa, creating a …
A smartphone with a displayed Arm Ltd. logo is placed on a computer motherboard in this illustration taken March 6, 2023. Dado Ruvic | Reuters Chip design firm Arm revealed in a filing on Tuesday that tech giants like Apple, Google’s parent company Alphabet, Nvidia, and others are showing interest in purchasing up to $735 …
Qualcomm, a leading technology company that powers most smartphones, has been a pioneer in wireless connectivity since the 1980s. Its patented core technologies have enabled licensing fees for every device that uses its wireless communication solutions, including the latest 5G modems. While Qualcomm was once the largest fabless chip company, Nvidia recently surpassed it in …
In a week filled with major events such as Nvidia’s quarterly results and Federal Reserve Chairman Jerome Powell’s Jackson Hole address, our portfolio underwent a series of adjustments. These changes were driven by careful analysis and strategic decision-making. Let’s take a closer look at our trades and price-target adjustments for each day. Monday set the …
Nvidia’s A100 GPU, which is utilized for training ChatGPT and other generative AI models, was showcased at Nvidia’s headquarters in Santa Clara, California, on February 9, 2023. Katie Tarasov Explore the latest market news during midday trading. Nvidia — The stock of this chipmaker reached a record high by surging over 1% following its impressive …
Developers in the realm of artificial intelligence are highly enthusiastic about Nvidia’s processors. In fact, the demand is so immense that Nvidia announced a projected 170% increase in revenue for the current quarter, amounting to approximately $16 billion. As a result, Nvidia’s stock initially rose by over 2% before stabilizing, falling short of a record …
The Hugging Face website on a smartphone arranged in New York, Aug. 17, 2023. Gabby Jones | Bloomberg | Getty Images Hugging Face, an AI company based in New York, has secured $235 million in funding at a valuation of $4.5 billion, with support from some of the biggest names in the technology industry. Companies …