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Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the start of August. Meta, … Read more
Text size Stocks sank as Jerome Powell gave a short and clear message that rates will stay high for some time. Michael Nagle/Bloomberg Jackson Hole has come and gone, and the only surprise may be that the stock market was surprised. But surprised it was. The stock market began this past week on its back … Read more
Text size Numerous technology and retail companies will report their latest quarterly results this week. Federal Reserve watchers will be tuning into the central bank’s annual confab in Jackson Hole, Wyo., at the end of the week. Zoom Video Communications will be Monday’s earnings highlight, followed by results from Nvidia , Advance Auto Parts , … Read more
Text size Numerous technology and retail companies will report their latest quarterly results this week. Federal Reserve watchers will be tuning into the central bank’s annual confab in Jackson Hole, Wyo., at the end of the week. Zoom Video Communications will be Monday’s earnings highlight, followed by results from Nvidia , Advance Auto Parts , … Read more
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerba/Bloomberg Democrats proposed lifting the corporate tax rate to help fund their climate and healthcare package, and if the tax remains part … Read more
Text size Intel was once the most valuable chip maker in the U.S. David Paul Morris/Bloomberg While badly wounded, Intel isn’t dead yet. And at least one analyst thinks there could be considerably more value in the beleaguered chip company’s shares than Wall Street generally believes. Let’s be clear: The situation is bleak. Intel (ticker: … Read more
Intel CEO Pat Gelsinger. Ting Shen/Bloomberg Text size Under CEO Pat Gelsinger, Intel has committed to massively increasing its capital spending investments by tens of billions of dollars. But with a rapidly slowing global economy, repeated product delays, rising competitive threats, and political uncertainty, it might need more help to fund its ambitions. One good … Read more
Text size Nvidia is now the most valuable semiconductor company in the U.S. Dreamstime Nvidia ’s incredible winning streak may soon be coming to an end. The red-hot maker of graphics chips is facing headwinds that range from the aftereffects of pandemic-era spending to waning demand from gamers. And it could get far worse: A … Read more
Text size Stock in Advanced Micro Devices has plunged this year. Dreamstime The latest corporate earnings news isn’t giving stocks a lift, but it is still possible to find shares that can jump in response to profit reports. One strategy is to look for beaten-down stocks where Wall Street is increasingly upbeat about profits. It … Read more
Text size Gamers compete at the ‘Nvidia’ booth during the Electronic Entertainment Expo E3 in Los Angeles. Christian Petersen/Getty Images Nvidia stock was rising Wednesday after it received an upgrade from analysts at New Street, who said their fears about crypto-related weakness had mostly played out and that the outlook for gaming and datacenters was … Read more