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Rally Alert: Nvidia's Stock Defies Gravity, But Can It Keep Rising?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you can stomach the uncertainty surrounding the AI boom, feel free to maintain/begin… ....

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ICP Bulls On A 10-Day Joy Ride, When Does It Stop?

ICP Bulls On A 10-Day Joy Ride, When Does It Stop?
newsbtc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbtc.com Daily Mail and Mail on Sunday newspapers.

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GM Stock Soars Past $50: Can It Keep Rising?


GM Stock Soars Past $50: Can It Keep Rising?
Adam Levine-Weinberg
Shares of
General Motors (NYSE: GM) plummeted in the early days of the COVID-19 pandemic last year, reaching an all-time low of $14.33 in mid-March. Clearly, investors feared that the pandemic would crush auto demand for the foreseeable future, decimating GM s profitability.
Reality was quite a bit different. There were temporary headwinds, to be sure. General Motors had to halt North American production for about two months last spring, and auto sales slumped during that period, due to widespread stay-at-home orders. However, demand bounced back quickly as the economy reopened, allowing GM to earn a huge profit in the third quarter. Domestic sales trends improved further in Q4. As a result, GM stock has surged. Last week, it hit a new all-time high, surpassing $50 for the first time ever. ....

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