Why Nvidia Stock (NVDA) Trended Lower in After-Hours Trading on Wednesday
Tip Ranks·- Nvidia stock declined in after-hours trading following a New York Times report that the U.S. Department of Justice is investigating its 17 billion dollar deal with AI startup Groq. - The regulatory probe is examining whether Nvidia structured the agreement to bypass antitrust scrutiny by acquiring technology and talent while keeping Groq independent. - Nvidia defended the transaction as beneficial to innovation, while analysts maintain a Strong Buy consensus rating with an average price target of 325.23 dollars.Cathie Wood Buys $28.1 Million Worth of Meta Stock, Dumps Alphabet Shares As Mark Zuckerberg's Superintelligence Vision Takes Shape
benzinga_article·- Ark Invest acquired 43,091 shares of Meta Platforms worth approximately $28.1 million to align with CEO Mark Zuckerberg’s artificial intelligence vision. - The fund simultaneously reduced its position in Alphabet by selling 84,392 Class A shares valued at about $27.9 million amid investor concerns. - Additional portfolio adjustments included significant purchases in biotechnology firms such as Beam Therapeutics and CRISPR Therapeutics.Samsung works to draw iPhone users to its foldables even as Apple enters the market
CNBC·- Samsung Electronics revamped its foldable phone lineup with the Galaxy Z Fold 8 series to capitalize on renewed interest and compete with Apple's entry into the market. - The company reported that the global share of iOS users switching to the latest foldables was 1.6 times that of the previous generation, alongside upgraded Smart Switch features for easier data transfer. - Counterpoint Research projects Samsung to lead the global foldable market with a 32% share this year, while Apple is expected to capture 25%.Walmart Eyes CTV, AI and Self-Service Tools to Build a Bigger Ad Business
Market Beat·- Walmart is expanding its advertising business beyond traditional retail media by developing self-service tools, connected-TV capabilities, and performance advertising. - The company completed its VIZIO acquisition to enhance its TV advertising reach and integrated its audience data with external platforms like YouTube, Meta, and TikTok. - Walmart views its high-margin advertising segment as an incremental profit opportunity driven by marketplace growth, AI shopping tools, and broader advertiser bases.Today’s Market Recap: Oil Tops $100, US Stocks Under Pressure as Fed Rate Hike Fears Rise, Meta Bucks Trend to Surge
TradingKey·- US stock indexes closed lower on September 9 as escalating Middle East conflicts pushed Brent crude past $100 a barrel and raised inflation and Fed rate hike concerns. - Meta shares surged over 6% after launching its AI assistant Muse, while Google announced a $15.1 billion investment in Finland to build AI infrastructure and Apple introduced its first foldable iPhone. - Brent crude settled at $101.74 a barrel and gold rose 1.06% to $4,401.85, while Bitcoin fluctuated around $78,000 amid ongoing geopolitical and market tensions.Apple unveils first foldable iPhone, priced from $3,099 in Singapore; Air quality in central Singapore remains unhealthy overnight: Singapore live news
Yahoo Finance·- Apple has unveiled its first foldable smartphone, the iPhone Duo, marking its most significant flagship product redesign in nearly a decade. - The 256GB model starts at $3,099 in Singapore, with pre-orders beginning on 16 October. - The launch event, led by new CEO John Ternus, also featured the conventional iPhone 18 Pro series and an upgraded Siri integrated with artificial intelligence.