To The Moon

Nvidia was falling early on Tuesday as stocks exposed to the artificial-intelligence trend continued to suffer. However, analysts at UBS are dismissing fears of a bubble popping.Nvidia shares were down 0.5% at $175.50 in premarket trading. The stock has dropped 2.8% over the past month through to Monday's close.The move was broadly in line with the wider market. Among other chip makers, Advanced Micro Devices was down 0.8% and Broadcom was falling 0.3% in premarket trading. Broadcom has fallen 16% in the past five trading sessions."While we expect global AI capex to continue to rise over the coming years, we do not see evidence of an investment bubble," wrote Mark Haefele, chief investment officer at UBS Global Wealth Management, in a research note Tuesday."As AI adoption expands from consumer chatbots to broader enterprise and industry use cases, we estimate that the required compute capacity could be orders of magnitude greater than today's installed base," wrote Haefele.On Monday, N

Amazon is in talks to invest $10 billion or more in OpenAI, according to three people familiar with the discussions. The valuation would be higher than $500 billion, one of the people said. The...

Economic officials from China and the U.S. reached a preliminary consensus after discussions on a range of issues including the extension of their trade truce, fentanyl and export controls.

Intel just delivered a shockingly bad quarterly print.The company’s stock is trading at its lowest level since 2013.The situation at Intel looks likely to get worse before it gets better.Microchip giant Intel just delivered one of the worst quarterly financial results ever, sending Intel stock plummeting. The company’s share price plunged 26% in one day and registered its worst performance in 50 years. Intel stock is now trading at its lowest level since 2013.The earnings report was so bad that Intel dragged the entire chip sector down with it. Mighty Nvidia fell 2% on the day.With INTC stock now changing hands at $21 a share, some investors might be tempted to buy-the-dip in this beaten down company. But that would be a mistake as the situation with Intel stock is likely to get worse before it gets better.Intel is spending tens of billions of dollars to develop microchip manufacturing plants in the U

$NIO Inc.(NIO)$ is scheduled to announce Q2 earnings results on 29 August 2023 (Tuesday) before market open. NIO has added 395 new battery swap stations in China so far this year, and it aims to add a total of 1,000 this year. The massive rally in NIO Inc. stock is fueled by quarterly earnings. In previous earnings, the company succeeded in beating the EPS estimate which positively impacted the NIO share prices. If we look at the technical analysis, NIO is currently in a correction phase and the momentum is not there. From the deliveries and partnerships they have signed so far. NIO might face some challenges maintaining its share price. I believe the quarterly earnings will be a decisive factor whether it can stop the correction that NIO is goin

Wahoo! My childhood memories made it to the big screen. It is probably Nintendo's hottest IP this year.After I watched the trailer, my biggest feeling was that you can always trust the visual capabilities of the game company. ‘Super Mario Bros.’ Sets Box-Office RecordsUndoubtly, the Super Mario Movie broke box office records in its opening weekend, causing optimistic investors to bid up $AMC Entertainment(AMC)$ and $Nintendo Co., Ltd.(NTDOY)$ shares. The animated film, produced by Nintendo and Comcast’s Illumination and Universal Pictures, grossed $377 million globally over the long Easter weekend, according to Box Office Mojo. It was the biggest global debut so far this year.Shares of AMC and Nintendo Ar