According to a new JPMorgan report, the cryptocurrency market needs a new catalyst to drive the sector forward and spark “enhanced retail engagement” to reverse August’s market downtrend. What Happened: JPMorgan analysts, led by Kenneth Worthington, highlighted the broader challenges…
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he prefers Royal Caribbean (NYSE:RCL) over Carnival Corporation (NYSE:CCL) . “Royal Caribbean has the best systems right now, it's got the best numbers. It's the one you want, not Carnival,” he…
Advanced Micro Devices, Inc (NASDAQ:AMD), has hired Keith Strier of Nvidia Corp (NASDAQ:NVDA) as senior vice president of global artificial intelligence markets. Strier will lead AMD’s AI vision, driving new ecosystem capabilities and accelerating strategic AI engagements globally across public and…
Nvidia Corp‘s (NASDAQ:NVDA) latest earnings report drew investor attention to the sustainability of AI capital expenditures (CapEx) amid delays in Nvidia's much-anticipated Blackwell GPU production. But, as JPMorgan analyst Harlan Sur puts it, "Even slight delays in Blackwell will not…
International Data Corporation (IDC) rekindled optimism in smartphone makers like Apple Inc (NASDAQ:AAPL) with its latest market update. It expects global smartphone shipments to climb by 5.8% to 1.23 billion units in 2024, recuperating from two challenging years. The research…
Nordstrom, Inc. (NYSE:JWN) is set to release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27. Analysts expect the Seattle-based company to report quarterly earnings at 72 cents per share, down from 84 cents per…
PVH Corp. (NYSE:PVH), the clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, will release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27. Analysts expect the New York-based company, which also…
Advanced Micro Devices, Inc (NASDAQ:AMD) stock is trading higher Monday after the chip designer forged an agreement to acquire ZT Systems. AMD agreed to acquire ZT Systems, a provider of AI infrastructure for hyperscale computing companies, in a cash and stock…
Alaska Air Group Inc. (NYSE:ALK) stock just hit a technical milestone that no investor wants to see: a Death Cross. This ominous indicator occurs when the 50-day simple moving average (SMA) crosses below the 200-day SMA, signaling a potential continuation…
On CNBC's “Halftime Report Final Trades,” Rob Sechan of NewEdge Wealth said International Business Machines Corporation (NYSE:IBM) trades at 18 times and is a “nice combination of defensive growth and margin expansion.” On July 24, IBM reported quarterly earnings of…
