DEXWireNews

DEXWireNews

Nvidia CEO Jensen Huang has seen his fortune plummet, crashing out of the $100 billion club after Nvidia’s stock tumbled nearly 10% on Tuesday. The sell-off slashed $9.9 billion from Huang’s net worth, dropping it to $94.9 billion. Despite this, Huang remains one of the biggest winners in the AI boom, adding $51 billion to his wealth this year alone as demand for...

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As Dick’s Sporting Goods (NYSE: NYSE:DKS ) prepares to announce its second-quarter fiscal 2024 earnings on September 4, all eyes are on the specialty retail giant. Investors and analysts alike are eager to see if the company can continue its impressive performance from the previous quarters, particularly given the robust growth expectations and the broader...

DEXWireNews

Overview: Fed's Potential Rate Cut and Its Implications for Bitcoin The Federal Reserve's upcoming interest rate decision is creating waves across financial markets, with Bitcoin and other cryptocurrencies in the spotlight. According to analysts from Citi, the Fed is expected to announce a 0.5% rate cut in their September meeting, driven by weaker-than-expected...

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Boeing (NYSE: NYSE:BA ), once a stalwart of American industrial might, faces significant challenges that have cast a shadow over its future prospects. The aerospace giant's financial woes have worsened as Wells Fargo recently downgraded its stock to “underweight,” slashing the target price to $119—a staggering 32% downside from its last closing price. Here's a...

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Key Takeaways: - Broadcom ( NASDAQ:AVGO ) shares have reclaimed their 50-day moving average after a steep correction but face volatility ahead of the upcoming Q3 earnings report. - Investors are focusing on Broadcom's AI chip sales growth and its full-year outlook amid rising AI demand. - Key technical levels suggest potential volatility, with both downside and...

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Intel Corp. ( NASDAQ:INTC ), once a dominant force in the tech industry, now faces the risk of being removed from the Dow Jones Industrial Average (DJIA), a position it has held since 1999. This possible removal could mark a significant blow to Intel’s already tarnished reputation, as the American chipmaker grapples with a host of challenges that have led to a...

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Tesla Inc. ( NASDAQ:TSLA ) continues to make significant strides in China, the world’s largest electric vehicle (EV) market. According to the latest data from the China Passenger Car Association (CPCA), sales of Tesla’s China-made EVs rose 3% year-over-year in August. Deliveries of the Model 3 and Model Y surged by 17% from July, driven by Tesla’s aggressive...

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Bitcoin ( CRYPTOCAP:BTC ) is facing a challenging period as investors increasingly position themselves for a potential downturn. The recent outflows of $319 million from Bitcoin funds, including those managed by prominent players like Fidelity and ARK Invest, reflect a growing sentiment among market participants who expect the digital asset’s price to decline in...

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Telegram has rapidly positioned itself as a formidable force in the cryptocurrency sector, quietly amassing significant digital asset holdings and generating substantial revenue from crypto activities. Despite its ongoing legal battles and operational losses, the messaging giant is making bold strides in the blockchain space, raising questions about its future...

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Lululemon Athletica Inc. (NASDAQ: NASDAQ:LULU ) experienced a sharp pullback early Friday despite posting better-than-expected earnings in Q2. The activewear giant’s outlook and revenue missed analysts' expectations, fueling investor concern. Fundamental Analysis Lululemon (NASDAQ: NASDAQ:LULU ) reported Q2 earnings of $3.15 per share, a 17.5% increase...

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Overview: Intel Corporation (NASDAQ: NASDAQ:INTC ) saw its stock rise more than 8% in early trading on Friday, sparking optimism among investors weary of the chipmaker’s prolonged slump. The surge followed reports that Intel is working with investment bankers to explore strategic options, including a possible business split or merger. This news arrives as the...

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Overview Alibaba Group Holding Ltd. (NYSE: NYSE:BABA ) saw its stock jump 4% in premarket trading following the completion of a rigorous three-year regulatory overhaul mandated by China’s State Administration for Market Regulation (SAMR). This milestone marks a significant turning point for Alibaba, as it moves past one of its most challenging periods and signals...

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Key Takeaways: - Dell's Q2 earnings surpassed expectations on both top and bottom lines, driven by strong AI-optimized server sales. - Server and networking revenue rose 80% to a record $7.7 billion, with AI server demand increasing 23% sequentially. - Dell stock (NYSE: NYSE:DELL ) rose over 5% in Friday's premarket trading, highlighting technical...

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Key Takeaways: - Revenue Surprise: CrowdStrike’s revenue surged 32% year-over-year, surpassing analysts' expectations. - Outage Fallout: The first earnings report since a significant global outage reveals lowered revenue guidance and potential long-term customer trust issues. - Financial Forecast Adjustment: Revised revenue guidance for the fiscal year ending...

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Dollar General shares (NYSE: NYSE:DG ) took a dramatic 29% nosedive on Thursday, following a dismal earnings report that highlighted both external challenges and internal missteps. The discount retailer, which serves primarily rural and low-income communities, slashed its full-year sales and profit forecasts, underscoring the struggles of its core customer base...

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Salesforce.com Inc. ( NYSE:CRM ), the global leader in customer relationship management software, has witnessed a notable 4.8% jump in premarket trading, trading at $271.25, following its robust second-quarter earnings report. The company’s impressive performance and upgraded full-year profit outlook have set the stage for a potential breakout from its current...

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Affirm Holdings Inc. (NYSE: NASDAQ:AFRM ), a leader in the "buy now, pay later" (BNPL) sector, recently posted an impressive surge of 21% in premarket trading, following a stellar earnings report that exceeded analysts' expectations on multiple fronts. This strong performance is a pivotal moment for the company, reflecting both significant fundamental strength...

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Li Auto Inc. (NASDAQ: NASDAQ:LI ), a leading Chinese electric vehicle (EV) manufacturer, recently reported a sharp decline in profits for the second quarter of 2024, driven by higher production costs, price cuts, and increased competition. With demand for EVs weakening globally, the company faced substantial challenges that have significantly impacted its...