Business

Tom Lee, managing partner and head of research at Fundstrat Global Advisors, was one of the only analysts that predicted the stock market rally in 2023. The S&P 500 (SNPINDEX: ^GSPC) had declined 19% in 2022 due to runaway inflation and rapidly rising interest rates, but Lee looked through that …

(Reuters) – Discount home goods retailer Big Lots is preparing to file for bankruptcy as early as this Sunday and plans to sell its chain of stores through a court-supervised process, Bloomberg News reported on Friday, citing people familiar with the situation. The company will remain in operation under Chapter …

AP Photo/David Zalubowski, File; Getty Images; Chelsea Jia Feng/BI Investors continued to sell Nvidia stock, sending the chipmaker 4% lower on Friday. Shares are on track to end the week 14% lower amid news of an antitrust probe. The stock is flirting with $100 a share, a key technical threshold …

Don Emmert /AFP/GettyImages US stocks fell sharply on Friday after a weak August jobs report raised recession fears. The S&P 500 had its worst week since March 2023, dropping about 4%. The Federal Reserve is expected to cut interest rates by 25 basis points at its September 18 meeting. US …

The last five years have been incredible for Nvidia (NASDAQ: NVDA) investors as shares of the semiconductor specialist have taken off in stunning fashion thanks to the terrific growth in its revenue and earnings, and a couple of solid catalysts in the form of video gaming and artificial intelligence (AI). …

I-Hwa Cheng / AFP / Getty Images Nvidia CEO Jensen Huang speaks at an event in Taipei last October. Key Takeaways Chip stocks had their worst week since January 2022, as AI investor favorite Nvidia lost about 14% during the holiday-shortened trading week. Broadcom shares fell 10% after the company …

Malte Mueller/Getty Images Nasdaq 100 and S&P 500 declines in September present a buying opportunity, says Ned Davis Research. Weak seasonality data and excessive pessimism readings suggest a strong 4th quarter rally is ahead, NDR said. NDR sees no signs of a sharp bear market, with positive earnings revisions and …

Super Micro Computer (NASDAQ: SMCI) stock was battered again in Friday’s trading. The server company’s share price ended the session down 6.8%, according to data from S&P Global Market Intelligence. Supermicro’s latest slide followed news that JPMorgan‘s analysts had lowered their rating on the stock from overweight to neutral and …

(Bloomberg) — Palantir Technologies Inc. (PLTR), Dell Technologies Inc (DELL). and Erie Indemnity Co. (ERIE) are set to join the S&P 500 as part of its latest quarterly weighting change. Most Read from Bloomberg The companies will replace American Airlines Group Inc., Etsy Inc. and Bio-Rad Laboratories Inc., according to …

If you look up “artificial intelligence” (AI) in the dictionary, you might just see a picture of the Nvidia logo. I’m obviously kidding, but there’s no denying that this business has been the clear poster child of this revolutionary technological trend. This AI infrastructure company has been a monster winner. Shares …