$NVIDIA Corp(NVDA)$ Here are some insights into Nvidia's stock performance this week: - *Closing Price*: Nvidia's stock closed at $113.06 on July 26, representing a 0.69% increase from the previous day's closing price. - *Day's Range*: The stock price fluctuated between $111.58 and $116.20 throughout the day. - *52-Week Range*: Nvidia's stock has fluctuated between $39.23 and $140.76 over the past 52 weeks. - *Market Capitalization*: The company's market capitalization stands at $2.78 trillion. - *Analyst Ratings*: Nvidia has received positive analyst ratings, with some analysts predicting a target price of $175. - *Earnings Date*: The company's next earnings release is scheduled for August 28, 2024. - *Recent News*
$Tesla Motors(TSLA)$ Tesla (NASDAQ:TSLA) faces additional pressure from prominent Nordic investors such as Norway's largest pension fund KLP, Sweden's Folksam and Denmark's PFA and PensionDanmark over the company's approach to working with unions. The original standoff with a small number of repair shops in Sweden has now escalated to the point that well-known investors are taking notice.
A steep drop in shares of $Alphabet-A(GOOGL.US)$, $Amazon(AMZN.US)$ and other technology companies dragged the $Nasdaq Composite Index(.IXIC.US)$ into correction territory Wednesday. The tech-heavy index slid 2.4% in a punishing session that pulled it down more than 10% from its recent high. Its losses accelerated in the afternoon, sending the gauge to one of its worst one-day declines of the year.
In Tuesday's trading session, shares of Netflix Inc. (NASDAQ:NFLX) took a downturn, declining by 0.94% to $376.75. This downward movement ended a two-day surge in the company's stock price and left it $108.25 short of the 52-week high that was achieved on July 19, 2023. The trading volume for Netflix outpaced its average, indicating an increase in investor activity. The drop in Netflix's shares was part of a broader bearish trend in the market. Major market indices such as the S&P 500 and Dow Jones also fell, closing at 4,229.45 and 33,002.38 respectively. Other major players in the tech and entertainment sectors also experienced a slump in their share prices. Apple Inc (NASDAQ:AAPL).'s shares decreased by 0.78% to $172.40, while Walt Disney (NYSE:DIS) Co.'s shares fell by 2.61% to $79
The "October effect" is a historical phenomenon where stock markets, particularly in the United States, have experienced significant crashes or downturns in the month of October. While it's important to note that past performance doesn't guarantee future results, here are some notable events associated with the October effect: 1. **Black Tuesday (1929)**: The most infamous October event was the Wall Street Crash of 1929, also known as Black Tuesday, which marked the beginning of the Great Depression. Stock prices plummeted, leading to a severe economic downturn. 2. **Black Monday (1987)**: Another major October event occurred on October 19, 1987, when stock markets around the world experienced a sharp and unexpected crash. This event, known as Black Monday, saw a significant drop in stock
$NVIDIA Corp(NVDA)$ Drop The Mic' Moment: Godfather of AI Jensen Huang and Nvidia delivered in "homerun fashion," said Ives in a note. The results and guidance were a "drop the mic" moment that will have a ripple impact on the tech space for the rest of the year, he said. "This is an unprecedented demand that we are seeing before our eyes in the AI Gold Rush," the analyst said. The October quarter revenue guidance of $16 billion, which is notably above the $12.6 billion consensus, and the "quickly rising whisper numbers on the Street" will ignite a tech rally, he said, adding that the rally will continue into the rest of the year.