As the stock price hits a new high, executives are busy reducing their shareholdings: Huang Renxun has reduced his by 160 million, and Bezos wants to sell 5 billion!
After Nvidia's skyrocketing share price in June, surpassing Microsoft to become the "most valuable company in the world," CEO Jensen Huang reduced his shareholding. Now, Amazon's stock price has hit a new high, and founder Jeff Bezos is also planning to reduce his shareholding by 25 million shares.
Nvidia, Koss Corp, Broadcom, Nio, Tesla: Why These 5 Stocks Are On Investors' Radars Today
On Wednesday, major U.S. indices showed mixed performance: the Dow Jones Industrial Average dipped slightly by 0.06% to 39,308, while the S&P 500 climbed 0.5% to 5,537.02, and the Nasdaq increased by
Bezos to sell US$5 bil of Amazon as shares hit record high
Bezos would still hold nearly 912 million shares, or about 8.8% of Amazon, following the latest sale.
Options Market Statistics: Nvidia Stock Rebounds Strongly After Brief Dip, Options Pop
News Highlights
'Congressional stock god' takes action! Pelosi purchases call options on Broadcom, 10,000 shares of Nvidia, sells Tesla and Visa.
Analysis shows that if Nvidia continues to perform well in the second half of the year, even if the increase is only half of that in the first half of the year, Pelosi's new purchase of 10,000 shares will bring her about $1 million in profits, which is more than five times her annual salary.
The US election has stirred up the market! The speculation around Biden's withdrawal continues to ferment, and Wall Street turns to 'Trump's trade'.
Traders are adjusting their positions.
Wall Street Hits Records As A Slowing Economy Boosts Hopes For Lower Rates
Wall Street's record-breaking rally kept going Wednesday after weak reports on the U.S. economy kept the door open for possible cuts to interest rates.
Soft data boosted expectations of interest rate cuts, the S&P and Nasdaq hit new highs, Tesla rose more than 7% at one point, while Nvidia reversed its losses to rise 4.6%, and American bonds boomed.
On the eve of USA Independence Day, several weak economic data published by USA increased signs of slow economic growth in USA and boosted expectations of a rate cut. For example, the USA June ISM Services index was 48.8, significantly below the expected 52.6, with the contraction rate reaching its fastest level in four years, reversing the trend of May's data, which rebounded to a nine-month high. At the same time, the increase in unemployment benefit claims and the unexpected ADP employment data showed a cooling labor market. In the week ending June 29th, the first-time jobless claims in USA rose to 238,000, hitting a new high since January of this year; and the USA June "small non-farm" ADP added 150,000 jobs.
Huang Renxun sets a monthly record for cashing out with nearly $170 million in NVIDIA shares sold in June.
In the just past June, Nvidia CEO Huang Renxun sold his Nvidia shares to cash in nearly $170 million. According to the data disclosed in the documents submitted to the regulatory authorities, Huang Renxun sold 1.3 million shares of Nvidia in June, and the media estimated that the batch of stocks was worth nearly $169 million. This set a new record for his personal monthly sale of stocks. Huang Renxun's plan to sell shares has been published as early as March of this year. At that time, Nvidia mentioned in its quarterly financial report that Huang Renxun would sell up to 600,000 shares of stock through a 10b5-1 sales plan by the end of March 2025. Market analysts pointed out that Huang Renxun's sale
Bitcoin, Ethereum Decoupling From Tech Stocks Is Positive, Experts Claim
Bloomberg ETF analyst James Seyffart and macro trader Alex Krüger discussed the decoupling of cryptocurrency markets from tech stocks in recent weeks.What Happened: While the Nasdaq continues to rall
Fed Officials Signaled No Hurry to Cut Rates
Fed minutes showed officials were broadly comfortable with their wait-and-see stance on changing interest rates and highlighted a range of views about what might prompt the Fed to raise or lower rates.
'Breaking Up Google Would Drive 10%-15% Upside' For Shareholders, Analyst Says
Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is setting the stage for a remarkable 2024, riding high on several strategic advantages and market trends. With a "Buy" rating from Needham analysts, Google
Adobe, Oracle Named Top Tech Picks For July: Why This Investor Expects The AI Momentum To Continue
Adobe Inc (NASDAQ:ADBE) and Oracle Corp (NYSE:ORCL) were named top technology picks for July by Mizuho on Wednesday. Cerity Partners' Jim Lebenthal maintains positions in both stocks as he believes bo
Express News | FOMC Minutes For June 11-12. 2024 (Link In Body)
Express News | FOMC Minutes: Participants Saw 'Modest Further Progress' Toward Committee's 2% Inflation Objective In Recent Months; Participants Suggested A Number Of Developments In Product And Labor Markets Supported Their Judgment That Price Pressures Were...
FOMC Minutes: Several Participants Said If Inflation Were To Persist At Elevated Level Or Rise Further, Funds Rate Might Need To Be Raised
FOMC Minutes: Several Participants Said If Inflation Were To Persist At Elevated Level Or Rise Further, Funds Rate Might Need To Be Raised
Express News | FOMC Minutes: Several Specifically Emphasized Further Demand Weakening Could Generate A Larger Unemployment Response Than In Recent Past
Express News | FOMC Minutes: Most Participants Saw Current Policy Stance As Restrictive; A Number Of Participants Said Policy Should Stand Ready To Respond To Unexpected Economic Weakness
Express News | FOMC Minutes: Vast Majority Of Participants At Fed's June 11-12 Meeting Assessed U.S. Economic Growth Appeared To Be Gradually Cooling
Released the language assistant before ChatGPT! French laboratory demonstrated its own 70 emotional AI.
Kyutai Laboratory claims that Moshi is the first real-time generative speech AI that can be used by everyone globally. It can speak with 70 different emotions and styles, and demonstrated Moshi reciting a poem it created with a heavy French accent. The Moshi model will be released in the next few weeks and the model code is freely shareable.