Stock Research

ARK Invest puts $21 million in 3iQ Ether ETF after major Coinbase stock sale

On August 1, 2024, Cathie Wood’s ARK Invest executed a substantial $21 million purchase of the 3iQ Ether Staking ETF (ETHQ.U), while simultaneously offloading $14.6 million worth of Coinbase (Nasdaq: COIN). These transactions signal a strategic realignment in ARK’s crypto-related investments. The purchase of 1.7 million shares of the 3iQ Ether Staking ETF, worth $21… Continue reading ARK Invest puts $21 million in 3iQ Ether ETF after major Coinbase stock sale

Why is US probing Nvidia’s $700-M acquisition of this Israeli startup?

The US Department of Justice (DoJ) has launched an investigation into Nvidia’s acquisition of the Israeli artificial intelligence startup Run:ai (Run), probing potential antitrust violations. The inquiry highlights growing concerns over Nvidia’s market dominance and the competitive implications of its strategic moves in the AI sector. Competitive concerns and market impact Nvidia announced its acquisition… Continue reading Why is US probing Nvidia’s $700-M acquisition of this Israeli startup?

Chevron to relocate HQ to Texas amid political shifts: Is Kamala Harris a threat to Big Oil?

Chevron Corp (NYSE: CVX) has announced plans to move its headquarters from California to Texas, a strategic relocation that aligns with the company’s response to the evolving political landscape. This move comes as Vice President Kamala Harris’ prospects in the upcoming November elections appear increasingly robust. The decision to shift headquarters reflects broader political tensions.… Continue reading Chevron to relocate HQ to Texas amid political shifts: Is Kamala Harris a threat to Big Oil?

Revolut announces $45 billion share sale to staff

Revolut, Europe’s most valuable startup, has informed its staff of an upcoming sale of up to $500 million worth of existing shares. The sale, which values the company at $45 billion, will allow eligible employees to sell a portion of their vested share options. This move marks a significant milestone for Revolut, reinforcing its position… Continue reading Revolut announces $45 billion share sale to staff

Is Nvidia in a ‘bubble’? Hedge fund Elliott raises concerns over AI investments

Elliott Management, a Florida-based hedge fund managing approximately $70 billion in assets, has issued a stark warning to its investors regarding Nvidia, asserting that the chipmaking giant’s stock is caught in a “bubble” driven by exaggerated expectations surrounding artificial intelligence (AI). The firm conveyed this message in a recent letter to clients, a copy of… Continue reading Is Nvidia in a ‘bubble’? Hedge fund Elliott raises concerns over AI investments

Why did VSee Health (VSEE) stock surge more than 200% today?

VSee Health Inc (NASDAQ: VSEE) saw its stock nearly triple on Friday, fueled by an exciting new partnership with Ava Robotics.  This collaboration aims to enhance intensive care units (ICUs) by integrating VSee’s telehealth technology into Ava’s robotic systems, allowing for remote, personalized patient care. The newly announced partnership will see VSee’s software embedded into… Continue reading Why did VSee Health (VSEE) stock surge more than 200% today?

Exxon soars in Q2 earnings, Chevron slumps: What investors should know

ExxonMobil and Chevron, the largest oil and gas companies in the US by market capitalization, reported their Q2 earnings on Friday, highlighting divergent strategies and outcomes in a challenging market.  While both companies faced pressure from declining refining margins, Exxon managed to weather the storm more effectively than Chevron, showcasing its robust strategic adjustments and… Continue reading Exxon soars in Q2 earnings, Chevron slumps: What investors should know

Strategist warns on Intel’s AI prospects as stock plunges 20% amid job cuts and dividend suspension

Intel Corp (NASDAQ: INTC) has been striving to establish itself as a significant player in the artificial intelligence (AI) sector. However, Eric Ross, Chief Investment Strategist at Cascend Securities, warns that Intel is not truly an AI stock.  Ross criticizes Intel for lagging in process technology advancements over the past decade, which has contributed to… Continue reading Strategist warns on Intel’s AI prospects as stock plunges 20% amid job cuts and dividend suspension