Sat, Jul 2, 2022 5:40 PM
Check out what is helping Sam Bankman-Fried's buying spree in crypto
A Flip by Moushumi
One of the hottest stocks among the "Magnificent Seven" has been Meta Platforms. After a rocky performance in 2022, shares in the advertising behemoth soared 194% last year following an impressive return to growth on both the top and bottom lines. While Meta shares are still up an impressive 22% in 2024, the stock has plunged roughly 12% since the company reported first-quarter earnings.
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Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China. The company late on Thursday approved an additional $110 billion in share repurchases, its largest ever.
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A new report from a Wall Street analyst maps out how Nvidia (NASDAQ: NVDA) stock could move in the coming months. UBS analyst Timothy Arcuri thinks the powerful Blackwell computing platform will start shipping this December. With that timeframe it's not too early for investors to look at what that might mean for Nvidia's revenue and earnings growth.
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