Nvidia stock (NVDA) fell as much as 2.8% in premarket trading Monday as investors continued to absorb news that Chinese regulators are reportedly discouraging local companies from buying Nvidia’s artificial intelligence chips.The stock pared losses after the bell, down about 1.4% to around $120.Bloomberg reported Friday afternoon that Beijing is urging Chinese companies to buy from chipmakers within its own borders — rather than Nvidia’s popular GPUs — amid heightened trade tensions with the US. Nvidia shares ended the day down 2.2% to $121 and fell further early Monday. Meanwhile, Chinese AI chipmaker Cambricon Technologies (688256.SS) surged 20% in Monday…
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Image source: Getty Images My first introduction to the stock market was when I started my first job, and one of my new colleagues asked me if I wanted to join their penny shares club. He told me all about finding multibaggers and getting rich quick. Shares down in pennies must have more potential than stocks that have already risen, right? It sounded like they were buying fallen shares simply because they’d fallen, and hoping. I politely declined. Was I right? Low-price shares I’m sure I was right not to join them. But I’m also convinced it’s wrong to simply…
GRAND RAPIDS, Mich., Sept. 30, 2024 /PRNewswire/ — Mercantile Bank (NASDAQ:) Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m. ET on Tuesday, October 15, 2024, to discuss third quarter 2024 financial results. The Company’s third quarter 2024 earnings release will be released before markets open on Tuesday, October 15, 2024, and available in the “Investor Relations” section of the Company’s website, ir.mercbank.com.Participants may access the live conference call on October 15, 2024, at 10 a.m. ET (9 a.m. CT) by dialing 1-844-868-8844 and requesting the “Mercantile Bank Corporation Call.” Please dial in approximately 10 minutes…
The Cupra Terramar, the successor to the Ateca, has commenced production at the Gyor assembly plant in Hungary, where Audi manufactures the Q3 and Q3 Sportback. Sharing its platform with these crossovers, the Terramar is rumored to be the brand’s final internal combustion vehicle. However, this decision seems shortsighted given the 43.9 percent decline in electric vehicle registrations in Europe last month compared to the previous year. Many automakers have reversed their plans to go fully electric by the end of the decade, making the Terramar’s launch less surprising. Cupra Terramar SUV Launches as Brand’s Final Combustion Model Amid EV…
Ford has issued a recall for 144,516 Maverick trucks due to a frozen rearview camera image. The problem lies in the Connected Touch Radio’s software, which can experience memory leaks and other vulnerabilities. These issues can cause the rearview camera image to freeze, potentially obstructing the driver’s view and increasing the risk of an accident. The recall affects vehicles produced between 2022 and 2024. Ford is working to update the software to address the issue. Owners of affected vehicles will be notified by mail and can have the software updated at no cost. This recall is a reminder of the…
Image source: Getty Images Are housebuilders now the play for passive income seekers? Yields across the sector are looking juicy and none more so than Taylor Wimpey (LSE: TW) whose dividend forecast might look very tempting given a current dividend yield of 5.74%. That’s pretty impressive after a 57% increase in share price since late last year. Pair that with a government keen to get building, and we might have a recipe for a solid income return for years to come. A peek A prudent first step when looking at any dividend stock is to take a quick peek at…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube or wherever you find your favorite podcasts.Hungry upstarts don’t always get the attention of major players, but in the case of You.com, founder Richard Socher got a front-row seat with Nvidia’s Jensen Huang.“I was extremely impressed with Jensen,” Socher told Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast (above video; listen in here).His AI-powered search engine recently announced a $50 million Series B round with investors including Nvidia (NVDA), Salesforce (CRM) Ventures, and DuckDuckGo. The capital raise valued the Google (GOOG) and Yahoo rival at close…
The Nissan Versa, once the most affordable new car in the United States, has lost its title to the Mitsubishi Mirage for the 2025 model year. The subcompact sedan now starts at $17,190, an increase from the previous year’s $16,130. Despite the higher price, the Versa still offers several features, including a 1.6-liter engine, LED headlights, and Nissan Maintenance Care. The base S trim is available with a manual transmission, while the SV and SR trims come with an automatic CVT. The Versa’s engine, a 1.6-liter naturally aspirated inline four, provides adequate power for daily commuting. The CVT transmission offers…
Oppenheimer has maintained a positive outlook on Jasper Therapeutics (NASDAQ: JSPR), reiterating an Outperform rating with a steady price target of $80.00. The firm’s stance comes after evaluating long-term results from a Phase 2 study on barzolvolimab for Chronic Spontaneous Urticaria (CSU), presented at the European Academy of Dermatology and Venereology (EADV) conference. According to the firm, the efficacy of barzolvolimab appeared impressive, showing an enhanced response from week 12 to week 52. This sustained effectiveness has sparked discussions on the safety profile, which recently caused fluctuations in the stock prices of both Celldex (NASDAQ:) Therapeutics (the company developing barzolvolimab)…
The recent decision by the Massachusetts Registry of Motor Vehicles to ban kei cars from registration has sparked outrage among car enthusiasts. This tiny and efficient class of vehicles, popular in Japan, has been a beloved choice for many Americans seeking fuel-efficient and affordable transportation. However, the RMV’s decision, based on a recommendation from the American Association of Motor Vehicle Administrators, has raised concerns about the safety and legality of these vehicles. While the AAMVA claims that kei cars are unsafe for road use in the United States, many owners and enthusiasts argue that these vehicles have a proven safety…