Recently, I read a terrific little book about Abraham Lincoln, called “Lincoln Reconsidered,” by Professor David Herbert Donald, and the fundamental premise behind the title was simple: If you want to go down in history as a politician who is compassionate, honest and a visionary, you have to get right with Lincoln. That’s how sainted … Read more
In a strong week for Wall Street, a wide-ranging group of Club stocks marched higher, including both of our chipmakers benefiting from the artificial intelligence boom. Here’s a breakdown of the Club’s top-five performers over the past five sessions. AVGO YTD mountain Broadcom (AVGO) year-to-date performance Shares of Broadcom jumped 9.55% this week, occupying the … Read more
A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy officer, expects to have more information on the fund’s debut … Read more
Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. … Read more
Jonathan Raa | Nurphoto | Getty Images Sarah Gilbert spends a lot of time on Reddit. For the past three years, she’s helped moderate the r/AskHistorians subreddit, which has 2 million members and was the subject of her Ph.D. dissertation. She’s been a lurker on the forum since 2012. But when the subject turns to … Read more
Nvidia CEO Jensen Huang told CNBC’s Jim Cramer on Tuesday that investments in artificial intelligence computing remain in the early innings, predicting years of growth ahead as the technology affects a range of industries including health care. “We’re in the beginning of this AI computing ramp,” he said. “And we’re in the beginning of the … Read more
When Nvidia CEO Jensen Huang took the stage Monday at the chipmaker’s hyped-up artificial intelligence conference, he joked to the thousands of attendees packed into the arena that this was “not a concert.” In a literal sense, Huang was right. But that didn’t stop him from using his two-hour keynote address to cement Nvidia’s status … Read more
Nvidia’s next-generation graphics processor for artificial intelligence, called Blackwell, will cost between $30,000 and $40,000 per unit, CEO Jensen Huang told CNBC’s Jim Cramer. “This will cost $30 to $40 thousand dollars,” Huang said, holding up the Blackwell chip. “We had to invent some new technology to make it possible,” he continued, estimating that Nvidia … Read more
The fourth quarter was pretty darn good for our stocks. Results were mostly better than expected, and many corporate leaders forecasted more of the same. For good reason: Businesses are starting to spend again, supply chain conditions continue to improve and the consumer remains resilient. Roughly 73% of companies in the S & P 500 … Read more
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Justin Sullivan | Getty Images Nvidia on Monday announced a new generation of artificial intelligence chips and software for running artificial intelligence models. The announcement, made during Nvidia’s developer’s … Read more
