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Cryptocurrency News Articles
Benzinga Bulls And Bears Of The Past Week: Nvidia, Tesla, Google, Apple, Amazon
Sep 07, 2024 at 08:02 pm
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
Top Performers Of The Week: Nvidia, Elon Musk, Broadcom, Apple, Amazon
The S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), experienced its sharpest weekly decline in over 18 months, marking the largest drop since the March 2023 banking crisis. A weaker labor market report prompted investors to reduce risk exposure after three consecutive weeks of gains, leading to a broad selloff.
On Friday, the S&P 500 fell 1.7%, bringing its weekly loss to 4.1%, while tech stocks saw even steeper declines, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ). The semiconductor sector, represented by the iShares Semiconductor ETF (NASDAQ:SOXX), took the biggest hit, dropping 4.3% on Friday and ending the week down 11.8%, its worst performance since March 2020.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
The Bulls
“Nvidia Takes A Page From Apple’s Playbook: Jensen Huang Wants AI Stalwart To Go Beyond Chips And Be One-Stop Shop For Data Center Clients,” by Shanthi Rexaline, outlines how Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang aims to transform the company into a complete AI solution provider, offering software, networking, and services beyond just AI chips.
“Elon Musk Thinks Dogecoin Payments Could Potentially Help Starlink Get Around Brazil Freezing Its Bank Accounts,” by Anan Ashraf, discusses how Elon Musk is considering using Dogecoin (CRYPTO: DOGE) for SpaceX’s Starlink services in Brazil after the country’s Supreme Court froze Starlink's bank accounts over legal disputes.
“Amazon Analyst Says Company's ‘Dominant Competitive Position' In Ecommerce, AWS ‘Provides A Lot To Be Bullish About’,” by Chris Katje, highlights Amazon.com Inc. (NASDAQ:AMZN)’s strong competitive positioning in e-commerce and cloud (AWS), highlighting potential upside from generative AI adoption and ongoing logistics efficiencies.
For additional bullish calls of the past week, check out the following:
Nancy Pelosi’s Stock Pick Broadcom Poised For Breakout After Recent Consolidation: ‘She Never Loses,’ Says Social-Media User
Apple, Nvidia Will Lead 3-To-5-Year Tech Bull Run, Analyst Says: ‘I Am A Buyer Here’
Trump Presidency Will Be ‘Total Game Changer’ For Crypto Industry, Says Pro-Bitcoin Senator Cynthia Lummis: Forsees ‘Uphill Battle’ If Kamala Harris Wins
The Bears
“Google, DOJ Trial Drama To Hit Earnings By Up To 10%, Says JPMorgan: Status Quo Is No Longer Possible,” by Surbhi Jain, outlines how Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) faces potential financial hits due to DOJ trial remedies, with possibilities ranging from opening up search distribution channels to rivals to a worst-case scenario of Chrome or Android breakups, that could reduce earnings by 10-20%.
“EXCLUSIVE: Apple’s iPhone 16 Launch Will Be ‘Disappointment Before The Excitement,’ Gene Munster Says,” by Michael Juliano, reports that Gene Munster of Deepwater Asset Management expects Apple Inc. (NASDAQ:AAPL) shares to dip initially after the iPhone 16 launch, but predicts significant revenue growth in the coming year.
“Tesla Bear Slams FSD China Release Timeline As ‘Meaningless Announcement,’ Calls It Overused ‘Pump’ Tactic Amid Share Price Decline,” by Anan Ashraf, reports how Gordon Johnson, CEO of GLJ Research, criticizes Tesla Inc. (NASDAQ:TSLA) for announcing a 2025 timeline for Full Self-Driving (FSD) in China and Europe, calling it a stock-pumping strategy amid falling earnings.
For more bearish takes, be sure to see these posts:
Bitcoin Mining Revenue Tanks To An 11-Month Low In August, Industry Bellwether Marathon Digital Shares Sank Over 13% In The Month
Stock Of The Day: Berkshire Hathaway Trades Above Usual Range — Time To Sell The Warren Buffett Stock?
Microsoft Customers Reportedly Ditching Copilot AI Office Tools But Top Analyst Thinks It Is Just ‘Growing Pains:’ ‘The Rub Against AI Is…’
Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence via Midjourney.
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- 5 New Crypto Tokens That Can 10x or 100x Your Money
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- Dogecoin (DOGE) vs GoodEgg (GEGG): Which Meme Coin Will Outperform in 2024?
- Sep 25, 2024 at 12:25 am
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- The Open Art (TONX) – A Night Where Innovation Meets Freedom of Expression
- Sep 25, 2024 at 12:25 am
- The Open Art, hosted by Blum, TONX, and TON Society during Token2049, is an event where attendees get to immerse in a night where innovation meets freedom of expression.
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- Lunex (LNEX) Network: A Revolutionary DeFi Protocol Connecting All Isolated Blockchains into One Non-Custodial Exchange
- Sep 25, 2024 at 12:15 am
- The crypto market has several DeFi exchanges like Uniswap and PancakeSwap, but none of these allow users to exchange cryptos across different blockchains.
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- SUI and AVAX Surges After the Fed Rate Cut: What's Next?
- Sep 25, 2024 at 12:15 am
- The recent Federal rate cut, which many people take for bad news, was actually a blessing in disguise for cryptos such as Sui (SUI) and Avalanche (AVAX).
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- Ripple (XRP) Price Prediction: Can XRP Deliver an Explosive Price Gain Soon?
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- ALEO Airdrop is Live — Claim Your Free Tokens!
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- Claiming your blockchain ALEO tokens is easy! Just adhere to these quick steps and start using your tokens immediately.
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- Malone Lam is trending, this time as a hot meme that has risen to become one of the top trading pairs on decentralized exchanges
- Sep 25, 2024 at 12:15 am
- According to on-chain data, the Malone/Solana (SOL) trading pair on the Raydium DEX skyrocked more than 1,000% in 24 hours.