Global Archives - Page 21 of 441

2 minute read

Ethereum Set For 60% Rally Following ETF Approval, Says Expert: ‘The Market Is Expecting Fireworks’

May 24, 5:26 AM

The price of Ethereum (CRYPTO: ETH) could soar by 60% following the approval of the first-ever Ethereum spot exchange-traded funds by U.S. regulators, according to a leading crypto trading firm.

BTC

2 minute read

Alibaba To Raise $4.5B Through Convertible Bonds For Share Buybacks Amid Fierce Competition, Slow Recovery

By Benzinga Neuro

May 24, 2:36 AM

In a bid to fund share repurchases, Alibaba Group Holding has announced a $4.5 billion convertible bond issue. This move comes amid increasing competition and a sluggish Chinese economic recovery.

BABA

2 minute read

Nvidia ‘Preparing For The Worst’ As The Chipmaker Reportedly Cuts Prices Of Its Flagship AI Chips In China Amid Intensifying Competition From Huawei

By Benzinga Neuro

May 24, 2:03 AM

In a bid to compete with Chinese tech giant Huawei, Nvidia has reportedly slashed the prices of its most advanced AI chips in China.

NVDA

2 minute read

Nvidia’s Stellar Turnaround To Propel Google, Meta, TSM, And ASML Amid Rapid AI Advancements, Says Gene Munster

By Kaustubh Bagalkote

May 24, 1:13 AM

Nvidia is experiencing a remarkable turnaround, and according to Deepwater Asset Management's Gene Munster, this success is set to have a ripple effect on other industry players.

AMD

2 minute read

Wedbush Analyst Dan Ives Says Raising Apple Price Target To Reflect AI-Driven iPhone 16 Supercycle: ‘WWDC A Key Moment Ahead’

By Benzinga Neuro

May 23, 10:32 PM

Wedbush analyst Dan Ives has revised the price target for Apple Inc from $250 to $275. The adjustment is to account for the anticipated iPhone 16 supercycle, driven by AI technology. This could potentially add $30 to $40 per share to the stock.

AAPL

2 minute read

Global Labor Shortage To Propel Tech Stocks To 50% Of S&P 500, Says Fundstrat’s Tom Lee: ‘You’re Going To See A Shift’

By Benzinga Neuro

May 23, 10:05 PM

The global labor shortage, estimated to reach 80 million workers by 2030, is expected to significantly boost technology stocks, according to Tom Lee, the head of research at Fundstrat Global Advisors.

NVDA

2 minute read

BHP’s Spinoff South32 Eyes Anglo American’s Manganese Assets

By Stjepan Kalinic

May 23, 2:35 PM

South32, spun out of BHP Group in 2015, is interested in acquiring Anglo American's manganese assets. It is also seeking to diversify its portfolio.

AAUKF

3 minute read

‘Denmark’s Orsted Wins $680M JPMorgan Backing For U.S. Solar And Battery Projects’ – CNBC

By Benzinga Newsdesk

May 23, 10:52 AM

https://www.cnbc.com/2024/05/23/denmarks-orsted-wins-680-million-jpmorgan-backing-for-solar-projects.html#:~:text=Renewable%20energy%20developer%20Orsted%20announced,to%20power%20roughly%2065%2C000%20homes. Renewabl

JPM

2 minute read

Nvidia At The Center Of Global ‘Sovereign AI’ Wave: Here’s What It Means

By Kaustubh Bagalkote

May 23, 7:30 AM

Nvidia is emerging as a key player in the global drive for 'Sovereign AI' as nations seek to develop independent AI capabilities, a trend that could significantly boost the company's long-term growth.

NVDA

2 minute read

Microsoft’s UAE Deal Could Transfer Key US AI Tech Abroad Amid National Security Concerns

By Benzinga Neuro

May 23, 3:37 AM

U.S. officials have expressed concerns about potential national security risks, including the possibility of AI systems facilitating the creation of weapons.

MSFT