Jensen Huang, co-founder and chief executive officer of Nvidia, at the London Tech Week exposition in London, UK, on Monday, June 9, 2025.Bloomberg | Bloomberg | Getty ImagesLONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week.The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the “godfather of AI” — is more like a rockstar these days, given his wide-spanning effect on the AI industry.”The amount of infrastructure required for AI wouldn’t be possible without that man,” one attendee at London Tech Week said.”He’s like Iron Man,” the attendee…
Author: usaeverydaylife
Here are Monday’s biggest calls on Wall Street: Goldman Sachs initiates eToro as buy Goldman said the financial services company has a differentiated offering. “We see ETOR as an attractive market share gain story in the fragmented European retail brokerage market, driven by a differentiated offering vs. peers, in terms of: 1) its geographic and product breadth (a pan-European client base that can trade global unlevered and levered equities, currencies, commodities, and crypto); 2) a tech-enabled offering…” Morgan Stanley downgrades Lululemon to equal weight from overweight Morgan Stanley downgraded the stock citing a slew of negative data points. “We’re downgrading…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in emerging markets on the back of U.S.-China trade talks and at a cybersecurity play focused on AI and remote work. Worldwide Exchange pick: CrowdStrike Shana Sissel of Banrion Capital sees more upside in CrowdStrike despite the cybersecurity giant seeing a more than 35% gain this year. “It’s the leading player in that space. … Its Falcon XDR technology is incorporating AI, remote work continues to be a…
Walmart’s push to grow in the e-commerce arena could be a key catalyst for its stock, according to Mizuho Securities. The firm named Walmart a top pick and raised its price target on the retailer to $115 per share from $105. That implies upside of nearly 18%. “The multi-year rebuild into a much more tech-led player is working, with a focus on speed of delivery and further volume gains ahead,” analyst David Bellinger said. “WMT is on pace to deliver annual U.S. e-commerce revenues in excess of $100B or closing in on ~10% of all domestic online sales – making it…
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City.Spencer Platt | Getty ImagesRobinhood shares sold off on Monday as the online brokerage was snubbed in the latest quarterly rebalance of the S&P 500 Index after months of speculation that it could earn a coveted spot in the benchmark.Shares of Robinhood dropped nearly 5% in premarket trading. The stock has rallied 3.3% Friday to bring last week’s gain to over…
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023.Bloomberg | Bloomberg | Getty ImagesThe world’s largest sovereign wealth fund will this week tell the European Union that “better and simpler regulation” is key to the markets reforms it urgently needs.”European markets over time have fallen behind in terms of business dynamism and the provision of new investment opportunities to institutional investors,” Norges Bank Investment Management, the largest single-owned investor in EU capital markets, said in a letter addressed to the European Commission to be sent Tuesday.The letter comes as part of an EU consultation on…
Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday, the latest upheaval in the industry as consumers transition from cable to streaming.WBD will separate into a streaming and studios company, which will include its movie properties and streaming service HBO Max, and a global networks company, which will include CNN, TNT Sports and Discovery, among other businesses.CEO David Zaslav will lead the streaming and studios company. Current CFO Gunnar Wiedenfels will become CEO of the global networks business. Warner Bros. Discovery expects to complete the split by the middle of 2026.”By…
Nitat Termmee | Moment | Getty ImagesThe U.S. job market isn’t looking too hot for recent college graduates and other job seekers, according to economists and labor experts.”The job market is kind of trash right now,” said Mandi Woodruff-Santos, a career coach and personal finance expert.”I mean, it’s really difficult,” she added. “It’s really difficult for people who have many years of experience, so it’s going to be difficult for college kids.”‘Tough summer’ for job seekersThat may seem counterintuitive.The national unemployment rate in May was relatively low, at 4.2%. The layoff rate has also been historically low, suggesting employers are…
McDonald’s could soon start reflecting some of the broader pressures impacting the fast food sector, according to Morgan Stanley. The firm downgraded McDonald’s to equal weight from overweight on Monday and trimmed its price target to $324 per share from $329. Morgan Stanley’s new forecast implies about 5% upside from Friday’s close. “MCD is a top quality business but hasn’t been, and probably will not be, insulated from some structural pressures on fast food,” analyst Brian Harbour said. The analyst listed the impact of economic policy uncertainty on lower income consumers as well as shifts in health and wellness as…
Pavlo Gonchar | Lightrocket | Getty ImagesSunnova Energy said on Sunday it had filed for Chapter 11 bankruptcy protection in the United States, as the residential solar panel installer buckled under the pressure of mounting debt and weakening demand.Shares were down 36.4% at 14 cents in premarket trading.Sunnova filed for protection in the Bankruptcy Court for the Southern District of Texas after warning in March that it might not be able to continue as a going concern.The company listed its estimated assets and liabilities in the range of $10 billion to $50 billion and has a total debt of $10.67…
