Nvidia (NVDA) stock jumped as much as 5% on Thursday as CEO Jensen Huang said demand for its next-generation Blackwell chips has been “insane.”In an interview with CNBC on Wednesday after the market close, Huang confirmed the chips are in “full production” despite recent design issues that caused some delays in customer rollouts.”Blackwell is as planned,” Huang said. “Everybody wants to have the most and everybody wants to be first.”Blackwell delays have caused concern for investors, with many looking to the rollout as the next big catalyst for the chipmaker after a recent stock slump fueled by a mid-July sell-off…
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In a challenging market environment, Albany International (NYSE:) Corp’s stock has touched a 52-week low, reaching a price level of $77.92. This downturn reflects a broader trend for the company, which has seen its stock value decrease by 7.77% over the past year. Investors are closely monitoring the company’s performance, as the current price point marks a significant retreat from higher valuations earlier in the year. The 52-week low serves as a critical indicator for shareholders and potential investors, who are now assessing the company’s fundamentals and future prospects in light of this recent price movement. In other recent news,…
Image source: Getty Images The dividends have kept coming thick and fast from FTSE 100 shares. Payments announced over the summer have steadily streamed in, or at least gone past their ex-dividend dates. When a share goes ex-dividend, it means the company has declared a dividend, but the cut-off date to be eligible for that payout’s passed. Investors who buy the stock on or after the ex-dividend date aren’t entitled to claim the upcoming dividend. Some of the UK’s biggest blue-chip shares have gone ex-dividend today. These are Centrica, Hargreaves Lansdown, Smith & Nephew, Weir Group, and Phoenix Group Holdings.…
Listen and subscribe to Stocks in Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.It’s a Goldilocks moment for investors.As the books are closed on September, the S&P 500 (^GSPC) has delivered a solid 20% return so far this year. Meanwhile, bonds are up a respectable 4.7%. And cash is yielding a similar percentage return — even after the Fed began cutting rates a few weeks ago.But new research from Jack Manley at JPMorgan Asset Management uncovers hidden pitfalls, particularly for those entering their investment years during periods of high cash yields (much like the present). His…
U.S. crude oil prices rose about 5% on Thursday, on pace for a third consecutive session of gains on fears that Israel could strike Iran’s oil industry in retaliation for Tehran’s ballistic missile attack this week.President Joe Biden was asked by reporters Thursday morning whether the U.S. would support an Israeli strike on Iranian oil facilities. Biden said: “We’re discussing that. I think that would be a little – anyway.” The president added that “there’s nothing going to happen today.”CNBC has reached out to the White House for comment.Biden’s comments were the catalyst that moved prices higher, said Daniel Ghali,…
In a remarkable display of resilience, John Hancock Preferred Income Fund III (HPS) stock has soared to a 52-week high, reaching a price level of $17.24. This peak reflects a significant turnaround for the fund, which has witnessed an impressive 1-year change, climbing by 33.31%. Investors have shown increased confidence in the fund’s performance, propelling the stock to new heights over the past year. The ascent to the 52-week high marks a notable milestone for HPS, underscoring the fund’s robust gains amidst a fluctuating market landscape. InvestingPro Insights John Hancock Preferred Income Fund III (HPS) continues to demonstrate strong performance,…
The Tesla Cybertruck, renowned for its distinctive stainless steel exoskeleton, has ignited a passionate debate within the automotive community regarding its durability and repairability. Its robust construction, capable of withstanding bullets in certain scenarios, has garnered admiration for its resilience. However, the unique design, characterized by its unconventional shape and bold lines, presents challenges for repairs. Initially, concerns arose about the difficulty of straightening deformed body panels, given the strength of the stainless steel. To address these concerns, Tesla ingeniously implemented a system of replaceable body panels, simplifying the repair process and making it surprisingly affordable. Tesla Cybertruck’s Durable Design…
The iconic French manufacturer, Bugatti, was resurrected in Italy in the late 1980s, and a few years later, the EB 110 was introduced as its first modern supercar. While the EB 110 was impressive in many aspects, its design could have been more aesthetically pleasing. The EB 110’s design, though innovative and technologically advanced for its time, lacked the timeless elegance and visual impact that many enthusiasts associate with the Bugatti brand. While its aerodynamic shape and powerful lines were admirable, they failed to capture the essence of the brand’s heritage. The EB 110’s interior, although luxurious and well-appointed, also…
In recent trading activity, Saba Capital Management, L.P., a significant shareholder in Saba Capital Income & Opportunities Fund II (NYSE:SABA), has executed a series of stock sales. Over the course of two days, the investment firm sold a total of 97,513 shares at a price of $8.5 each, amounting to over $828,860 in transaction value. The first transaction took place on October 1, 2024, when Saba Capital Management offloaded 77,981 shares. Following this sale, the firm then sold an additional 19,532 shares on October 2, 2024. After these transactions, Saba Capital Management still holds a substantial number of shares in…
Green hydrogen is emerging as a key player in the clean energy transition. With this thought, Microsoft and Irish energy company ESB have joined forces to launch a groundbreaking pilot project that could reshape the way data centers are powered. To decarbonize its operations, the tech giant will use green hydrogen (H2) fuel cells to generate clean electricity at its Dublin campus. Microsoft Switches to Green Hydrogen to Tackle Scope 3 Emissions Microsoft’s move to adopt green hydrogen aligns with its broader sustainability goals. In 2020, the tech giant committed to becoming carbon-negative, water-positive, and zero-waste by 2030. This latest…