Nvidia continues to rise but fund manager says don't overpay to capture the momentum

Northland Says NVIDIA's investment in SoundHound AI (SOUN) is logical

February 15, 2024 9:44 AM EST

Northland Capital Markets analyst Michael Latimore reiterated an Outperform rating and $4.00 price target on SoundHound AI Inc. (NASDAQ: SOUN).

The analyst stated, "Last night NVIDIA (NVDA, NR) filed a 13F, showing a 1.7 million share investment in SOUN. SoundHound AI has comprehensive and deep... More

Midday movers: Cisco slips; SoundHound AI, Super Micro rise

February 15, 2024 9:26 AM EST

(Updated - February 15, 2024 11:22 AM EST)

Investing.com -- Main U.S. indexes were mixed Thursday as investors digested a number of economic reports, including data that showed soft retail sales. The weak reading on retail sales was balanced against fewer than expected initial jobless claims.

Here are some of the biggest U.S. stock movers today:

Cisco Systems (NASDAQ: CSCO) declined 2% after it reduced its full-year guidance and detailed... More

Nanox (NNOX) Extends Gain After Listed in NVIDIA (NVDA) 13F Last Night

February 15, 2024 9:20 AM EST

Nanox (NASDAQ: NNOX) Extends Gain After Listed in NVIDIA (NASDAQ: NVDA) 13F Last Night

Shares Up 125%NVIDIA owns 59,632 shares.... More

Nvidia fuels rally after investments in AI stocks Arm, SoundHound AI and Recursion Pharmaceuticals

February 15, 2024 7:29 AM EST

Shares of AI-related names such as Arm, Recursion Pharmaceuticals (NASDAQ: RXRX), and SoundHound AI (NASDAQ: SOUN) are rising premarket after it was revealed that a filing from NVIDIA (NASDAQ: NVDA)... More

Nvidia and these two Magnificent 7 stocks are 'attractively undervalued' says analyst

February 15, 2024 7:00 AM EST

Rental rates have been sluggish in showing the typical seasonal upticks seen during the summer months. However, a modest increase of 0.6% in January hints at a gradual balancing of demand and supply, according to Singular Research.

A regression toward normalization is essential to align with a 1-year Treasury bill fair value at PCE +0.60, and 10-year Treasury bonds are currently at parity to fair value at PCE +110 basis... More

AI firms surge after chip giant Nvidia discloses stake

February 15, 2024 6:18 AM EST

By Medha Singh

(Reuters) -Shares of smaller AI firms rallied on Thursday after the world's most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy.

The rally showed Nvidia's growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable U.S. company.

Its largest investment of $147.3 million was in Arm Holdings, the chip designer that Nvidia failed to buy after the $80 billion deal hit the antitrust hurdle two years ago.

Nvidia had last year indicated interest in purchasing... More

Futures higher, Berkshire Hathaway slashes Apple stake - what's moving markets

February 15, 2024 5:25 AM EST

Investing.com -- U.S. stock futures inch higher, pointing to a continued recovery on Wall Street from a decline posted earlier this week. Cisco Systems (NASDAQ: CSCO) lowers its annual guidance and outlines plans to slash headcount, as executives at the network equipment manufacturer warn of weak future demand. Elsewhere, Warren Buffett's Berkshire Hathaway (NYSE: BRKa) cuts its stake in tech giant Apple (NASDAQ: AAPL).

1. Futures edge up

U.S. stock futures gained... More