(Bloomberg) — Nvidia Corp. shares slipped on concern about growth of the company’s data center chip business. During an earnings conference call, Chief Financial Officer Colette Kress said the majority of growth in the current period will come from Nvidia’s gaming business. Some analysts worried that means the data center division will expand more slowly and they asked several questions on the topic during the call. Nvidia reported data center chip sales jumped 97% to $1.9 billion in the… Source link

TipRanks 3 Stocks Goldman Sachs Says Are Ready to Rip Higher Is the bull market about to take a long breather? Not according to Goldman Sachs. In fact, the firm believes the bull market has a long way to run yet; Chief global equity strategist Peter Oppenheimer recently noted that the market was moving from a “’Hope’ phase to a longer ‘Growth’ phase.” The firm’s economists are expecting the economy to sprout higher by 6.8% in 2021 and believe that by the end of the year the… Source link

TipRanks 2 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ We’re in a volatile period right now, as stocks slipping after starting the year on a strong note. Big Tech, which boomed during the pandemic lockdowns and the move to remote work, is leading the declines. Investors have taken the measure of the vaccination programs, and now, in fueled by both a belief and a hope that economies will soon return to a more normal footing, they are seeking out those stocks that will gain we… Source link

Biden’s stimulus checks bill could cut your taxes by $3,100 Congress has put the stimulus package on a fast track in a race against time to get Americans the relief they need. Along with the long-discussed stimulus checks, additional proposals in the bill would offer the average household $3,100 in tax savings for 2021, according to Urban-Brookings Tax Policy Center. In the passing of the budget plan, which contains President Joe Biden’s $1.9 trillion relief bill, you can also expect to see… Source link

In this episode of Yahoo Finance Presents Moderna CEO Stéphane Bancel, talks to Yahoo Finance senior reporter Anjalee Khemlani about the company’s new boosters for COVID-19 variant strands as well as the continued rollout of their vaccines. Video Transcript [MUSIC PLAYING] ANJALEE KHEMLANI: Joining me now is Stephane Bancel, CEO of Moderna. Stephane, thank you so much for joining me today. STEPHANE BANCEL: Thank you so much for having us. ANJALEE KHEMLANI: So great news, you have the booster… Source link

Brooklyn Nets star Kyrie Irving thinks the NBA’s logo needs an update. Irving posted a picture on Instagram on Wednesday suggesting the league alter its logo to honor Los Angeles Lakers legend Kobe Bryant. What would that look like? Irving has an idea. Irving added his reasoning to the post, saying “Gotta Happen, idc what anyone says. BLACK KINGS BUILT THE LEAGUE.” Bryant’s widow, Vanessa Bryant, is on board with the idea. She shared Irving’s picture of the logo, saying “love this…. Source link

Is the bull market about to take a long breather? Not according to Goldman Sachs. In fact, the firm believes the bull market has a long way to run yet; Chief global equity strategist Peter Oppenheimer recently noted that the market was moving from a “’Hope’ phase to a longer ‘Growth’ phase.” The firm’s economists are expecting the economy to sprout higher by 6.8% in 2021 and believe that by the end of the year the unemployment rate could drop to 4.1%. And there’s enough… Source link

TipRanks 2 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ We’re in a volatile period right now, as stocks slipping after starting the year on a strong note. Big Tech, which boomed during the pandemic lockdowns and the move to remote work, is leading the declines. Investors have taken the measure of the vaccination programs, and now, in fueled by both a belief and a hope that economies will soon return to a more normal footing, they are seeking out those stocks that will gain we… Source link

Bloomberg A-Rod Joins Blank-Check Derby to Build the ‘Yankees of SPACs’ (Bloomberg) — After losing a deal for the New York Mets baseball team to billionaire Steve Cohen, Alex Rodriguez has another game he wants to win.The former all-star for the cross-town Yankees has joined the lengthening roster of financiers, executives, politicians, celebrities and athletes who have signed onto special purpose acquisition companies, or SPACs. Rodriguez, whose Slam Corp. began trading Tuesday, will now… Source link

Wednesday, February 24, 2021 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Everyone is coming for Tesla’s crown Tesla (TSLA) is synonymous with electric vehicles, but a new generation of EV automakers inspired by CEO Elon Musk’s electrified empire may be coming after its crown. Lucid Motors, which is headed by former Tesla engineer Peter… Source link