FINANCE
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Berkshire Hathaway event gives good view of Warren Buffett’s successor but also raises new questions
[ad_1] This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company’s investments after he takes over, raising new questions about the succession plan.…
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Dell vs. Super Micro Computer
[ad_1] The market for artificial intelligence (AI) servers has taken off in the past year as cloud companies and data center providers pour money into building their AI infrastructure and developing generative AI applications. This explains why server manufacturers such as Dell Technologies (NYSE: DELL) and Super Micro Computer (NASDAQ: SMCI) have seen their share prices explode. While Dell’s stock…
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BlackBerry reports surprise profit on demand for cybersecurity services
[ad_1] (Reuters) – Canada’s BlackBerry reported a surprise profit for the fourth quarter on Wednesday, helped by higher demand for its cybersecurity services amid growing online crimes and high-profile hacks. U.S.-listed shares of the company rose 6.4% after the bell. The company reported an adjusted net profit of 3 cents per share for the quarter ended Feb. 29, compared with…
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Retail traders are piling into riskier, high-leverage bets as stocks break records
[ad_1] Retail investors are piling into riskier, leveraged funds over recent weeks, Vanda Research said.AP Photo/Richard Drew Investors have been piling into riskier, leveraged stock-market bets in recent weeks, Vanda Research said. Those increased inflows come as the stock market has made new records. Strategists said investors may be trying to make their capital work harder via leverage. The stock…
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Why MicroStrategy Stock Tanked by 11% on Thursday
[ad_1] The shorts are coming for MicroStrategy (NASDAQ: MSTR), and investors reacted accordingly on Thursday — well, at least one short seller, which made no bones about what it currently thinks of the tech company-turned-Bitcoin (CRYPTO: BTC) accumulator. As a result, MicroStrategy’s share price fell at a double-digit rate, closing more than 11% lower. Short the stock now, says investment…
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Forget Nvidia — Buy These AI Stocks Instead
[ad_1] Nvidia (NASDAQ: NVDA) has been the hottest stock on the market over the past 18 months, but now it may be too highly valued to buy. Growth is limited by the number of chips Nvidia can get, and competitors — including customers — are entering the AI market. In this video, Travis Hoium covers three stocks that have more upside…
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Here Are 2 Artificial Intelligence (AI) Stocks That Are Undervalued
[ad_1] SoundHound AI has been red-hot on the stock market in 2024, with stunning gains of 288% so far. Investors have been buying shares of this voice artificial intelligence (AI) solutions provider hand over fist based on the belief that it could become the next big AI play. The company’s revenue has been growing at an impressive pace, and it also…
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Super Micro to Delay 2 Million Share Sale to After Close
[ad_1] (Bloomberg) — Super Micro Computer Inc. is guiding potential investors in a sale of 2 million shares to a price of $875 each, below an earlier marketed range, according to people familiar with the matter. Most Read from Bloomberg Goldman Sachs Group Inc., the sole underwriter of the share sale, is informally communicating the price after having earlier delayed…
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3 Incredibly Cheap Bank Stocks to Buy Now
[ad_1] The market has rallied impressively over the past several months, with the S&P 500 index reaching all-time highs that confirm a new bull market is underway in stocks. With this recent rally, some stock valuations may be stretched, making it harder to find deals. Good news for you: There are still plenty of deals to be had in the…
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Altria Plans to Sell More Than $2 Billion of AB InBev Shares
[ad_1] (Bloomberg) — Altria Group Inc. is seeking to sell a portion of its stake in Anheuser-Busch InBev SA for as much as $2.2 billion to help fund its own share repurchases. Most Read from Bloomberg Altria, which sells Marlboro cigarettes in the US, owns about 10% the beermaker. It will sell AB InBev stock in a secondary offering of…
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