Find out more here: Guess the winner，Earn Tiger Coins Come and participate in the“ Guess the winner，Earn Tiger Coins” event, find the trade master and invite friends to get up to 250 tiger coins.
Nvidia Stock Falls 4%. A Steep Drop Could Lie Ahead, Says a Bear
Nvidia was slipping early on Tuesday. The chip maker's stock is down from recent highs and one analyst says a sharper fall is on the way.Nvidia shares were down 0.6% at $865.91 in premarket trading. The stock closed down 1.0% at $871.33 on Monday.The stock has dipped following an initial spike in the wake of the company's GTC developers' event when it unveiled its new range of Blackwell chips. It is now slightly lower than before the conference started. While consensus estimates call for demand for Nvidia's graphics-processing units to power artificial-intelligence technology to be strong this year, the expectation is for growth to slow from 2025 onward.D.A. Davidson analyst Gil Luria has a Hold rating on Nvidia stock and a $620 target price, which is among the lowest by any Wall Street analyst.He argues that major AI chip customers such as Amazon.com and Microsoft are likely to shift a greater amount of their investment toward in-house hardware and calls for a "significant cyclical do
NVIDIA Director, Mark A. Stevens sold 11,000 shares of the company on March 28, 2024 in multiple transactions at prices ranging fromfrom $903.60 to $907.40.More on Nvidia Nvidia Stock Priced As If It Will Deliver Us The Moon Nvidia: Investments In AI Minnows Is A Strategy For Sustaining Leadership Nvidia's AI GTC: Let's Talk About Software And Project GR00T
China's Tencent Posts Weak Revenue Growth, Plans to Double Buybacks
By Josh Ye HONG KONG, March 20 - China's Tencent Holdings posted a 7% rise in fourth-quarter revenue on Wednesday, trailing analysts' expectations, as China’s economic slowdown takes a toll. The world's largest video game company and operator of the WeChat messaging platform said revenue reached 155.19 billion yuan for the three months ended Dec. 31. That compared with the 157.2 billion yuan average of 23 analyst estimates compiled by LSEG. For all of last year, Tencent’s revenue rose 10% to 609 billion yuan, which trails expectations at 612.2 billion yuan.
Singapore Airlines Ltd reported a quarterly net profit on Tuesday that missed estimates and flagged concerns of increased competition as the airline industry made the most of a rebound in air travel f