Amazon in Talks with Italy to Invest Billions of Euros in Cloud Plan, Sources Say
Amazon's computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data centre business in the country as part of the tech giant's effort to boost its cloud offer i
Option Witch | NVDA Stock Is Still Undervalued, Short Put is a Great Income Play
Nvidia Inc. stock still looks undervalued here, even though the stock keeps rising. This is based on higher analyst revenue and FCF estimates. This creates a good short-put play, especially for existing investors.NVDA stock is up 3.5% today to $918.44. But it is still worth over $1,000 per share. This is based on analyst target prices and also an analysis of the value of its huge free cash flow .But the market is still scared about its valuation. That has pushed up its put option premiums. That presents an excellent shorting opportunity for investors who sell short out-of-the-money put options in nearby expiry periods.I discussed this in my last Barchart article on April 18, “Nvidia Stock Still Looks Undervalued - Good for Investors Who Sell Short OTM Puts for Income.”As it turns out the stock closed at $887.89, so these puts stayed out-of-the-money. Existing investors who owned NVDA stock made money in two ways. First, they made the 2.45% income by shorting these OTM puts. And they
Amazon's Stock Can Rocket Another 30%, This New Bull Says
Stifel analyst now bullish on Amazon shares but takes a cautious stance on shares of eBay, Etsy, WayfairAmazon shares are ahead 58% so far in 2023, but Stifel still sees room to run.Amazon.com Inc.’s
Apple CEO Tim Cook Gets $41 Million From Biggest Share Sale Since 2021
Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs.Key Taiwan Tech Firms Helping Huawei With China Chip Plants. Kevin McCarthy Ousted as US House Speaker by Republican Dissidents. Wall Street Fear Gauge Ratchets Up After Jobs Data: Markets Wrap. Why a US Recession Is Still Likely — and Coming Soon. Cook sold 511,000 shares, according to a filing with the US Securities and Exchange Commission on Tuesday. He still has about 3.28 million shares in the Cupertino, California-based company where he’s worked for more than two decades, according to data compiled by Bloomberg.Cook’s last major stock sale was in August 2021, when he sold more than $750 million in Apple stock after completing a decade as CEO. After tax withholdings, he netted about $355 million, according to data compiled by Bloomberg.