Best Stocks
Gamestop Up 8% as Cohen Buys 443k Shares
Two other GameStop directors and Cohen's associates, Larry Cheng and Alan Attal, also bought GME shares this week.
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Apple Closing in On $3 Trillion Valuation as Shares Hit New ATH
After losing around 27% in 2022, Apple's shares recovered by more than 42% year-to-date.
Market Analysis
Salesforce Continues AI Push, Launches Enterprise-Ready Cloud Solution
Salesforce also doubled its VC funding for generative AI startups from $250 million to $500 million.
Best Stocks
Netflix Saw as Much as 100,000 Daily Sign-ups Post Password-Sharing Ban
Average daily new sign-ups on Netflix hit 73K after the company began clamping down on password sharing.
Best Stocks
Investors Withdraw $18.8B from Global Equity Funds Due to Rate Hike Fears
Investors withdrew $736 million and $552 million from tech and utility sectors, respectively.
Market Analysis
Microsoft Adds OpenAI’s GPT-4 Models to Azure Government Services
Potential government clients that could obtain access to ChatGPT AI models include NASA, the Defense Department, and the Energy Department.
Best Stocks
Tesla Up 2.9% Premarket as More Vehicles Qualify for $7,500 Tax Credit
The $7,500 tax credit, coupled with other US tax breaks, could lower the price of Model 3 Tesla to as low as $25,240.
Market Analysis
Unity Continues to Gain Premarket After Apple’s Announcement, Up 4.6%
Unity shares marked their biggest jump since its IPO on Monday following the announcement by Apple.
Metaverse
Apple Expected to Launch VR Headset at WWDC, Stock Up 1% Premarket
Apple's long-awaited VR headset will be priced at $3,000, considerably more than similar devices sold by other tech giants.
Market Analysis
Ten Companies Account for 35% of the S&P 500 Market Cap
Most of the S&P 500 quarterly gains came from the biggest ten firms in it.
Policy
Blocking Crypto Mining Tax “One of the Victories” in Debt Deal: Congressman
The US debt deal has scrapped a crypto tax rule that called for a whopping 30% tax on the electricity used by miners.
Best Stocks
Nvidia Becomes a $1 Trillion Company as Shares Up 3.5% Premarket
Nvidia's shares jumped more than 25% last week after the company's better-than-expected Q1 2023 earnings and guidance.
Market Analysis
Nvidia’s One-Day Gain Nearly Equals Ethereum’s Market Cap
Blockchain technology may have created a $1.1 trillion market in a decade, but the AI boom is pushing a single company to surpass it.