During Thursday’s “Lightning Round” segment of Mad Money, one caller asked Jim Cramer about Nvidia : “Buy Nvidia,” was his response. In this updated daily bar chart of NVDA, below, we can see the price action after the 4 for 1 stock split in late July. The trading volume has weakened from June but the daily On-Balance-Volume (OBV) line has remained steady.
Advocates of algorithmic justice have begun to see their proverbial “days in court” with legal investigations of enterprises like UHG and Apple Card. The Apple Card case is a strong example of how current anti-discrimination laws fall short of the fast pace of scientific research in the emerging field of quantifiable fairness. While it may be true that Apple and their underwriters were found innocent of fair lending violations, the ruling came with clear caveats that should be a warning sign to enterprises using machine learning within any regulated space.
Whether you realize it or not, artificial intelligence has already had a profound impact on the world. Consider the smart assistants on mobile devices, the language processing capacity of search engines, and the systems that surface recommendations across websites, apps, and streaming platforms — all of these technologies lean on artificial intelligence. In fact, AI could add $15.7 trillion to the global economy by 2030, according to research from Price Waterhouse Cooper.
Moving into late summer, the only certainty in the markets is uncertainty. The July jobs report was solid, but businesses continue to deal with a stubborn labor shortage. The Biden Administration looks like it will get what it wants from Congress, in the form of a $1 trillion infrastructure bill and the $3.5 trillion budget package, but inflation is rising and the massive infusion of government spending will likely make that worse. It seems for every market argument, there’s a counter-argument.
Robinhood Markets (NASDAQ: HOOD) has made buying stocks easy and accessible for millions of new investors. Users of the company’s commission-free trading platform have earned a reputation for engaging in short-term trading, risky options plays, and volatile meme stock candidates including AMC Entertainment Holdings and GameStop, but they are also heavily invested in some more traditional, blue-chip names. Retail investors have emerged as a powerful force in today’s stock market, and some companies favored by Robinhood investors will likely go on to deliver fantastic performance.
(Bloomberg) — Former U.S. Treasury Secretary Lawrence Summers said the Federal Reserve’s massive bond-buying program is resulting in a “bizarre” situation in which the government’s funding structure is overly focused on the short-term.Under its quantitative easing program, the Fed purchases longer-term Treasuries and the money it creates to buy them ends up in the accounts that banks hold with the central bank, in the form of overnight reserves.These reserves earn a rate of interest that’s link
Shares of Novavax (NASDAQ: NVAX) were up 29.6% as of the market close on Thursday. Dynavax Technologies (NASDAQ: DVAX) stock jumped 19%. Novavax rebounded from a sell-off last week after the company announced it was delaying the U.S. Emergency Use Authorization filing for COVID-19 vaccine candidate NVX-CoV2373 until the fourth quarter of 2021.
Shares of fuboTV (NYSE: FUBO) traded lower on Friday, with the stock falling as much as 10.1% earlier in the session, ultimately ending the trading day down 8.7%. While seeing the value of your investment diluted is never fun, the potential for a secondary offering shouldn’t be a surprise to those who follow fuboTV. This was followed by a deal in January to offer roughly 32 million shares in exchange for its convertible preferred stock.
The 5G wireless technology rollout is just getting started. Just 30% of the world has access to the network today and an even smaller percentage of consumers own 5G-enabled smartphones. Here are three stocks that stand to benefit from the rollout of 5G wireless technology.