Asset Manager Had $36 Billion in 5 Tech Stocks Including Tesla, Nvidia
Tesla, Nvidia, Microsoft, Apple, and Amazon made up almost 30% of Jennison Associates' stock portfolio at the end of June, up from 21% in December.
Source: businessinsider.com
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Loeb, Tepper, Simons, Soros, Tudor Jones Piled Into Nvidia Stock in Q2
Loeb's Third Point, Tepper's Appaloosa Management, and Jim Simons' RenTech owned a combined $1.4 billion of Nvidia stock at the end of June.
Source: businessinsider.com
Nvidia's Upcoming Earnings Could Swing the Whole Stock Market Higher
"We need to think a lot about Nvidia, because as Nvidia goes, so goes AI and so goes the Nasdaq," Deepwater Asset Management's Gene Munster said.
Source: businessinsider.com
Stock Market Today: A Mega-Cap Tech Stock Added $72 Billion in Value on Monday
The major benchmarks closed higher as a trillion-dollar tech stock soared on bullish analysis. With little in the way of corporate earnings or economic news to guide them, stocks kicked off the trading week initially searching for direction. A fresh batch of worries out of China's fixed income and real estate markets weighed on the major indexes early Monday, but strength in key tech stocks – and one mega-cap name in particular – helped equities build strength through the session. Monday started
Source: yahoo.com
Chinese Tech Titans Order $5 Billion of Nvidia Chips Amid Trade Fears: Report
Alibaba, TikTok-owner Bytedance, and other Chinese tech giants have reportedly rushed to order Nvidia chips as US-China trade tensions mount.
Source: businessinsider.com