The first stock pick favored by the Street’s top pros is chipmaker Micron Technology (MU). Despite recent data suggesting a softening economy, Micron has reported beats on both the top and bottom lines for the fiscal third quarter. This success has been attributed to the demand induced by the ongoing artificial intelligence (AI) wave. As
Investors in Mainland China are currently keeping a close eye on the performance of U.S. stocks, which are thriving, while expressing disappointment in the lackluster performance of stocks at home. Despite clear macroeconomic differences, many Chinese stocks have shown strong growth in the first half of the year, with several artificial intelligence companies leading the
Artificial intelligence has taken the stock market by storm, with leading AI chipmaker Nvidia experiencing a staggering 155% increase in its stock value. This rapid growth has propelled the company’s market cap from $2 trillion to $3 trillion in just a matter of months. However, while semiconductor stocks and tech giants like Amazon and Meta
The cryptocurrency market has witnessed a significant development as wallets holding 10,000 Bitcoin (BTC) or more have reached their peak in terms of coin accumulation in the last six years. This data, provided by Santiment, indicates that these substantial wallets now hold more than 3.19 million coins, a milestone that was last seen in November
Financial commentator and Bitcoin critic Peter Schiff recently shared his insights on the world’s leading digital asset, Bitcoin. Schiff believes that the current plunge in Bitcoin’s price will not crash below the current level due to Bitcoin ETF buyers who are yet to panic. He assessed the trading activity of Bitcoin ETF whales and noted
In a surprising turn of events, a long-dormant Bitcoin wallet has been reactivated by its anonymous owner, sparking interest in the cryptocurrency community. The wallet, which had not been used for over a decade, has seen its value increase by a staggering 8,000%, turning its owner into a millionaire overnight. This marks the fourth dormant
Bank of America recently highlighted Nvidia as a top stock to watch as we head into the second half of the year. The firm’s research points to solid fundamentals and a compelling valuation that make Nvidia an attractive option for investors. With the increasing demand for Nvidia’s products and services, the stock is positioned for
As we head into the second half of 2024, BTIG has provided an updated list of top stock picks for investors. The year started with a call for a broadening of the rally, but Chief Market Technician Jonathan Krinsky now expresses uncertainty about this outcome. While the S&P 500 has seen an increase of 16.7%
In a turbulent market where Bitcoin experienced a significant crash of more than 15%, Michael Saylor, co-founder of MicroStrategy, took to Twitter to reassure the community by stating, “1 BTC = 1 BTC.” This simple statement emphasized the stability of Bitcoin, regardless of its short-term fluctuations. This message came at a time when Bitcoin was
The rise of Dogecoin, originally created as a satirical response to cryptocurrency hype, has become a significant cultural phenomenon. Its unexpected increase in value has brought attention to the potential of meme coins, spurring the development of new projects like DogeLend. DogeLend is an ERC20 token that draws inspiration from the success of Dogecoin while