Nvidia’s stock fell short of closing with a $1 trillion valuation despite flirting with levels that would have helped the chip giant hit the milestone.
Movers & Shakers: Nvidia, C3.ai, Ford stocks climb while Anheuser-Busch shares fall, and other stocks on the move
Here are some of the biggest movers on Tuesday as investors returned from a three-day break.
The Ratings Game: Broadcom stock powers toward new record as analyst sees ‘accelerating’ Google AI orders
Broadcom shares closed in record territory Friday and were positioned to raise the bar further amid building enthusiasm for the company’s opportunities in AI.
Metals Stocks: Gold prices bounce back after touching lowest level since March
Gold prices trade higher Tuesday after the most-active futures contract briefly touched its lowest level since March overnight.
Economic Report: Home prices rise, squeezed by fewer listings, Case-Shiller index finds
Case-Shiller 20-city home price index down 1.1% year-on-year in March.
Need to Know: From McDonald’s to Morgan Stanley, UBS says these stocks are favorably positioned for AI.
What do McDonald’s, Visa, Nike, Chipotle, Shell and Morgan Stanley have in common? They are “favorably positioned,” for generative AI, says UBS.
Futures Movers: Oil prices decline as traders await outcome of OPEC+ meeting
Oil prices decline Tuesday after scoring a gain for the week on Friday as traders await a meeting of the Organization of the Petroleum Exporting Countries and its allies this weekend.
The Ratings Game: Bud Light troubles prompt buy calls for Boston Beer, Constellation Brands
Bud Light’s recent troubles should worsen in the summer, enough to turn Roth MKM bullish on the stocks of Constellation Brands and Boston Beer.
Outside the Box: Coinbase CEO: America’s future as a global technology leader is up for grabs.
China will benefit from enforcement of restrictive U.S. crypto policies, writes Brian Armstrong.
The Ratings Game: Paramount’s stock nabs an upgrade as company could depart from ‘money-losing strategies’
Wolfe Research analyst Peter Supino ended his bearish call on Paramount’s stock.
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