AI-focused tech firms see big jump in market cap in June

Reuters
Exclusive-Nvidia set to face French antitrust charges, sources say
BRUSSELS (Reuters) -Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the first enforcer to act against the computer chip maker. The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year, which sources said targeted Nvidia. The French authority, which publishes some but not all its statements of objections to companies, and Nvidia declined comment.
Barrons.com
Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
Time
The Coming Russian Escalation With the West
Vladimir Putin has proved quite reluctant to strike directly at the West over its support of Ukraine. But that may not change.
Yahoo Finance Video
Amazon well-positioned in 'battle of the AI titans': Analyst
Amazon's (AMZN) market cap ascended to a $2 trillion valuation last week, while other tech giants Apple (AAPL), Nvidia (NVDA), and Microsoft (MSFT) teeter back and forth between holding the title of most valuable company. Maxim Group managing director and senior consumer internet analyst Tom Forte is favoring Amazon in the next chapter of the AI race and broader Big Tech growth. "I think there's an opportunity that their [Amazon] health care initiatives can help them hit the $3 trillion mark. More likely it'll be... advertising, e-commerce, cloud computing growth," Forte tells Market Domination. "I think they're very early stage in their efforts. But I do think there's a potential, given that it's a huge total addressable market [TAM] and maybe one that's potentially ripe for disruption..." Forte also comments on Apple's own AI initiatives and whether Amazon investors should view regulatory crackdowns as "just noise." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
The Motley Fool
3 AI Stocks That Have Turned $25,000 Into $1 Million in 15 Years
The Great Recession ended 15 years ago. Buying these stocks back then would have been a brilliant move. The post 3 AI Stocks That Have Turned $25,000 Into $1 Million in 15 Years appeared first on The Motley Fool Canada.
The Canadian Press
Whitecap sells stake in infrastructure assets, signs partnership with Pembina
CALGARY — Whitecap Resources Inc. has signed a deal to sell a 50 per cent stake in its Kaybob complex natural gas processing facility to Pembina Gas Infrastructure for $420 million.
Simply Wall St.
Top Three Dividend Stocks For July 2024
As global markets navigate through a period of subtle shifts and key economic updates, investors are closely monitoring the landscape for opportunities that align with both growth and stability. In this context, dividend stocks often come into focus as they can offer potential income alongside capital appreciation, making them appealing during times of market uncertainty and economic recalibration.
GOBankingRates
5 Best Index Funds To Own for Life, According To TikToker Humphrey Yang
Financial guru and TikToker Humphrey Yang recently shared in a YouTube video a few index funds you can invest in which will help grow your wealth over time.
Yahoo Finance Video
Nvidia is the best way to play AI for the 'next 10 years'
Nvidia (NVDA) shares are falling back today following the chipmaker's recent market high. Rosenblatt Securities senior research analyst Hans Mosesmann joins Market Domination to explain why he is not worried about the stock's bumpy previous weeks. Mosesmann has issued the highest price target for Nvidia on Wall Street. Mosesmann has a long-term view, explaining that the sale pressure is negligible when one considers that Nvidia is going to be the "best way to play AI for the next 10 years." He adds that Nvidia is not just a semiconductor company anymore but a platform that is "all things AI." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
Associated Press
Roaring Kitty reveals stake in Chewy big enough to make him 3rd largest investor in the pet retailer
Shares of Chewy fell Monday in volatile trading after a regulatory filing revealed that Roaring Kitty, an investor at the center of the meme stock craze, has taken a 6.6% stake in the online pet retailer. Roaring Kitty, whose legal name is Keith Gill, bought more than 9 million shares of Chewy last week, the Securities and Exchange Commission filing shows. Gill tipped his hand last week on his feelings about the company, posting a picture of a dog on social media platform X and sending Chewy's stock up more than 30% in intraday trading.
GOBankingRates
I’m a Financial Advisor: Here’s How Often You Should Check Your Retirement Account Balance
The best investor is one who's informed, but obsessing over your retirement fund's performance can stress you out and trigger the kind of emotional and counterproductive decision-making that can...
Bloomberg
GameStop shareholder quickly drops ‘Roaring Kitty’ fraud suit
(Bloomberg) -- A lawsuit accusing popular stocks influencer Keith Gill, better known as “Roaring Kitty,” of engaging in a “pump and dump” scheme involving GameStop Corp. shares was dropped within days of its filing.
Simply Wall St.
TSX Dividend Stocks To Watch In July 2024
As the first half of 2024 concludes, Canadian markets have shown resilience with solid gains, particularly benefiting from sectors like utilities and gold while maintaining lower volatility. This backdrop sets an intriguing stage for investors focusing on TSX dividend stocks, which may offer a blend of stability and potential income in the evolving economic landscape. In light of current market conditions, a good dividend stock typically features robust fundamentals and a history of reliable...
Bloomberg
Hindenburg Made Just $4 Million From $153 Billion Adani Rout
(Bloomberg) -- It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Hurricane Beryl Aims at Jamaica After Grenada StrikeTrump Immunity Ruling Means Any Trial Before Election Unlikely‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersBonds Get Respite Amid Powell’s Disinf
Bloomberg
Tesla Beats Estimates With Less-Drastic Drop in EV Sales
(Bloomberg) -- Tesla Inc.’s second consecutive drop in quarterly deliveries wasn’t as steep as analysts were predicting, sending the EV maker’s shares soaring as much as 10%.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeUS Allies Allege China Is Developing Attack Drones for RussiaS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets WrapBiden Plummets in Leaked Democratic Polling Memo, Puck Says
The Canadian Press
S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher
TORONTO — Canada's main stock index rose Tuesday near the end of the trading day, erasing earlier losses as energy and base metals helped offset weakness in telecom, while U.S. stock markets also climbed higher.
Barrons.com
Why It Could Be a Cruel Summer for the Stock Market
THE TRADER The stock market has been hitting new highs, but most stocks are struggling. Even news that would usually move them isn’t doing the trick, a sign that equities won’t be an exciting place to invest in a while.
Business Insider
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
Bloomberg
BlackRock Enters Booming Market for Stock ETFs With a 100% Hedge
(Bloomberg) -- BlackRock Inc. is the latest asset manager to launch an exchange-traded fund that offers a way to ride the stock rally — while hedging 100% of the downside if markets plunge.Most Read from BloombergSupreme Court Says Trump Has Some Immunity, Delaying Trial24-Hour Stock Trading Is Booming – and Wall Street Is RattledDemocrats Weigh Early Biden Nomination to Squash Talk of a SwapBlackRock Buys Preqin for $3.2 Billion in Private Data PushTrump as President or Private Citizen: Why Sup
Bloomberg
Constellation Executive Sold $75 Million in Stock Ahead of Capital Gains Change
(Bloomberg) -- Canadian technology firm Constellation Software Inc. saw a surge in insider selling in June, driven by a senior executive’s move to unload C$102.6 million ($75 million) of shares ahead of a hike to the nation’s capital-gains tax.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeUS Allies Allege China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysS&P 500 Closes Above 5,500 in Record-B

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AI-focused tech firms see big jump in market cap in June

Latest Stories

Exclusive-Nvidia set to face French antitrust charges, sources say

Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.

The Coming Russian Escalation With the West

Amazon well-positioned in 'battle of the AI titans': Analyst

3 AI Stocks That Have Turned $25,000 Into $1 Million in 15 Years

Whitecap sells stake in infrastructure assets, signs partnership with Pembina

Top Three Dividend Stocks For July 2024

5 Best Index Funds To Own for Life, According To TikToker Humphrey Yang

Nvidia is the best way to play AI for the 'next 10 years'

Roaring Kitty reveals stake in Chewy big enough to make him 3rd largest investor in the pet retailer

I’m a Financial Advisor: Here’s How Often You Should Check Your Retirement Account Balance

GameStop shareholder quickly drops ‘Roaring Kitty’ fraud suit

TSX Dividend Stocks To Watch In July 2024

Hindenburg Made Just $4 Million From $153 Billion Adani Rout

Tesla Beats Estimates With Less-Drastic Drop in EV Sales

S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher

Why It Could Be a Cruel Summer for the Stock Market

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

BlackRock Enters Booming Market for Stock ETFs With a 100% Hedge

Constellation Executive Sold $75 Million in Stock Ahead of Capital Gains Change