S&P 500 climbs as Nvidia rally pushes tech higher

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Citi Reiterates Buy Rating on NVIDIA (NVDA), PT $520, 'We see upside to data center sales in the Jul/Oct'

August 16, 2023 4:28 PM EDT

Citi analyst Atif Malik reiterated a Buy rating and $520.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVIDIA reports Jul-Q after the market close on 8/23. We model ~$11B/$12B or in-line Jul/Oct sales and believe buy side expectations have... More

Texas commission approves Tesla (TSLA) charging standard for federal funds despite concerns

August 16, 2023 1:46 PM EDT

A Texas commission voted Wednesday to approve a plan to include Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) technology to be eligible for federal funds, despite calls for more time to re-engineer and test the connectors.

According to federal regulations, companies must provide NACS rival, Combined Charging System (CCS) as a basic offering to qualify for the... More

Buy now, pay later student repayment worries overblown, claims Mizuho

August 15, 2023 9:36 AM EDT

According to Mizuho analyst Dan Dolev in a note Tuesday, the buy now, pay later (BNPL) student repayment worries are overblown.

The analyst was speaking on the worries regarding the BNPL industry and how the return of student loan repayments could impact it.

Per Mizuho's proprietary survey... More

VinFast (VFS) soars 78% ahead of Nasdaq debut

August 15, 2023 9:08 AM EDT

Shares of Vietnamese car company, VinFast (NASDAQ: VFS) are up more than 78% in pre-market trading as the company prepares for its debut trading day in the U.S. following its merger deal with special acquisitions company, Black Spade.

Using Lucid Group (NASDAQ: LCID), a competing electric vehicle manufacturer, as a reference point, VinFast and Black Spade have arrived at a valuation of $23 billion. This valuation ranks as the... More

Fisker (FSR) inks deal with Tesla (TSLA) to adopt NACS by 2025

August 15, 2023 8:53 AM EDT

California-based, emerging electric vehicle maker, Fisker Inc. (NYSE: FSR) announced Tuesday morning that the automaker has signed an agreement with Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS) starting in 2025.

This decision offers Fisker vehicle owners more charging... More

Tesla (TSLA) launches affordable Model S and Model X variants

August 15, 2023 8:01 AM EDT

Tesla (NASDAQ: TSLA) introduced more affordable versions of its Model S sedan and Model X SUV in the United States on Monday. These new variants offer shorter driving ranges and are aimed at boosting sales, as elevated borrowing expenses are currently affecting the demand for pricier electric vehicles. The lower cost versions of both vehicles launched Monday are $10,000 less than the regular model,... More