Nvidia Earnings Outlook for Current Quarter Induces AI Rally as Company Boosts Production

Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks.  The latest earnings outlook of Nvidia Corporation (NASDAQ: NVDA) has triggered a substantial rally in artificial intelligence (AI) stocks. Early Thursday, the chip maker’s stock soared, pulling other AI-exposed companies higher on a better-than-expected sales forecast. Nvidia’s … Read more

Walmart Delivers Strong Revenue for Holiday Quarter

Walmart still maintains a significant market share and investors appear pleased with the firm’s performance thus far. Walmart Inc (NYSE: WMT), the largest retail chain in the United States has reported a strong holiday quarter revenue despite cautious spending on the part of consumers. According to the financials shared by the Arkansas-headquartered firm, its revenue … Read more

Berkshire Hathaway Sold Most of TSMC Stock Holdings Last Quarter as Semiconductor Supply Chain Constraints Linger

Warren Buffett’s Berkshire Hathaway offloaded 86% of the TSMC stock it holds roughly 3 months after acquiring it. Berkshire Hathaway reportedly (NYSE: BRK.A) cut the amount of Taiwan Semiconductor Manufacturing Company (TSMC) stock it holds by 86% last quarter. The Warren Buffett-led holding company slashed its TSMC holdings just months after revealing a major stake, which … Read more