US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
EA SPORTS Releases College Football 25
Nvidia, Electronic Arts And 2 Other Stocks Insiders Are Selling
The Nasdaq 100 closed lower by around 600 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.When insiders sell shares, it could be a preplanned sale, or could
College Football Championship Betting Odds: Can New EA Sports Video Game Predict A Winner?
The NCAA football season, which begins on Aug. 24, is a highly anticipated event for sports bettors.Here's a look at the betting favorites and the best teams ranked by a new college football video
Wolfe Names Favorites for Growth in ECommerce and Communication Categories
Gaming Industry Revenues To Hit $307 Billion By 2027: Analysis
Bain & Company forecasts that global video gaming revenue will grow from $199 billion in 2022 to $307 billion by 2027.This represents a compound annual growth rate (CAGR) of 9%.What's Driving This
$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,800 Today
Electronic Arts (NASDAQ:EA) has outperformed the market over the past 10 years by 3.18% on an annualized basis producing an average annual return of 14.18%. Currently, Electronic Arts has a market
Electronic Arts' College Football to Bring Gridiron Glory, but Headwinds Remain -- Analyst
Why ASP Isotopes Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Shares of ASP Isotopes Inc. (NASDAQ:ASPI) fell during Friday's session after the company announced pricing of a $30 million public offering of 12 million shares at $2.50 per share.ASP Isotopes
Analyst Scoreboard: 14 Ratings For Take-Two Interactive
In the preceding three months, 14 analysts have released ratings for Take-Two Interactive (NASDAQ:TTWO), presenting a wide array of perspectives from bullish to bearish.In the table below, you'll
Take-Two Gets Bump as Jefferies' Top Pick; Firm Also Bullish on EA
Jefferies Maintains Hold on Skillz, Lowers Price Target to $6.5
Jefferies analyst James Heaney maintains Skillz (NYSE:SKLZ) with a Hold and lowers the price target from $7 to $6.5.
Skillz Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/11/2024 -1.52% Jefferies $7 → $6.5 Maintains Hold 05/10/2024 127.27% Wedbush $15 → $15 Reiterates
Motorsport Games Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/11/2024 133.64% Canaccord Genuity $5 → $5 Maintains Hold 02/01/2023 — Noble Capital Markets
Assessing Electronic Arts: Insights From 11 Financial Analysts
In the latest quarter, 11 analysts provided ratings for Electronic Arts (NASDAQ:EA), showcasing a mix of bullish and bearish perspectives.The table below offers a condensed view of their recent
Take-Two Interactive Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/11/2024 24.3% Jefferies $175 → $185 Maintains Buy 06/06/2024 34.38% JP Morgan $180 → $200 Maintains
Electronic Arts Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/11/2024 14.69% Jefferies $160 → $165 Assumes → Buy 06/24/2024 13.3% Stifel $150 → $163 Maintains Buy 06
What's Going On With Gaxos.AI Stock?
Gaxos.ai Inc. (NASDAQ:GXAI) shares are volatile Wednesday after the company announced it has partnered with Meshy to deliver 3D assets in its AI solution for game developers and publishers.The
"China ChatGPTs" struggle to attract customers.
Over a month ago, as Tencent officially launched the independent AIGC app 'Tencent Yuanbao', the 'BAT' finally gathered in the AI big model C-end product race track. In this AI application era, who can create the 'WeChat of the AI era' is highly anticipated.
US stocks hit new highs, with Nvidia up 4.4% leading the technology stocks, Tesla rising for ten consecutive days, and Apple having the highest market cap.
The Nasdaq and S&P 500 large caps hit a new intraday high again, while the Dow Jones weakened; the US stock market's "Seven Sisters" rose except Microsoft, with Nvidia leading the gains, up nearly 4.4%, while Tesla rose more than 2% for ten consecutive days; Apple rose more than 0.6% and still has the highest market cap; chip stocks generally gave back more than half of their gains after rising, Arm Holdings and KLA Corp hit new intraday highs again; Chinese concept stocks index rose.