The recent surge in stock buybacks is not necessarily bullish for the U.S. market as a whole. That's too bad since, according to Birinyi Associates, May was a “record-setting month for announced buybacks,” and “2024 is the second-highest ever in the number of [buyback] announcements as well as the value of announcements.
The Nasdaq and S&P 500 are steadily hitting new highs, driven by tech giants. Amidst the soaring stock prices, it can become difficult to identify stocks that could continue the rally and keep moving upwards.
Nvidia stock is soaring amid red-hot demand for its artificial intelligence (AI) data center chips. The chip specialist now stands among the world's largest companies, but its valuation is very rich compared to its peers in the $3 trillion club.
Did Apple and Meta discuss an AI deal? Or is there no AI deal happening between Apple and Meta?
Restaurant company Chipotle Mexican Grill CMG will complete a 50-for-1 stock split after the market closes on Tuesday, with shares trading at a new split-adjusted price to open Wednesday's trading session.
Brussels has accused Microsoft Corp (NASDAQ:MSFT) of anti-competitive behavior by bundling its Teams app with its Office suite, marking the first such antitrust charges against the tech giant in over a decade. This move comes just a day after the European Union turned its attention to Apple Inc (NASDAQ:AAPL, ETR:APC), accusing it of stifling competition on its App Store.
Apple (AAPL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The iPhone maker earlier this month unveiled a much-anticipated artificial-intelligence strategy at its Worldwide Developers Conference.
Artificial intelligence is the investing theme of the year, and the so-called "smart money" is snapping up shares. Following where the smart money goes is useful, but don't get too hung up.
Suddenly, Apple (NASDAQ: AAPL ) stock has turned a corner. Through nearly half the year, Apple couldn't do anything right.
Grand View Research forecasts that the AI sector will grow at a compound annual rate of 37% through 2030. Intel is undergoing a restructuring that could turn it into a major player in AI chip manufacturing.
Recent announcement of price hikes for N3 and other products will boost revenue growth and margins in FY2025. With Apple contributing a significant portion of TSM's revenue, the anticipated upgrade cycle for iPhones featuring Apple Intelligence is expected to drive revenue growth. The production of N2 in 2H FY2025, coupled with increasing demand for AI computing, will be another growth catalyst for TSM.