To The Moon

Super Micro Computer stock skyrocketed on Monday after the company released the results of an investigation into its accounts by a board-appointed independent committee.Super Micro makes servers used

Task force to target removing outdated rules, Chee saysGroup considers ways to encourage pipeline of quality listingsSingapore is prepared to make “bold changes” to regulatory structures in an attempt

Nvidia looked set to pare back some of its recent losses on Monday, but analysts at Citi are warning that the artificial intelligence-fueled winning streak that powered the chip maker to a trillion-dollar valuation is coming to an end.The stock climbed 1.5% to $104.39 in premarket trading. On Friday, it had dropped 4.1% to cap off a nightmarish week.Nvidia shares have tumbled 20% over the past two weeks, dragged down by worries that the AI investing craze that has powered the market higher ever since ChatGPT launched in November 2022 could soon be about to fizzle out.The expectation that the Federal Reserve will soon start slashing interest rates has also accelerated a rotation out of the once-dominant Magnificent 7 group of megacap tech stocks. Citi analysts said in a research note on Friday that they don't expect Nvidia to carry on being a massive driver of returns for the benchmark S&P 500 index, even though they're predicting that its profit growth will remain strong.

Alibaba’s recent earnings failed to impress Wall Street, but there were several silver linings that can turn the stock into a good option at the current price.Alibaba’s cloud operation showed 155% gro

Sean Gallup The bearish thesis against Alibaba (NYSE:BABA) is well known at this point, centering around the regulatory risk in the event of rising US-China tensions. But the market seems to be ignori