To The Moon

The Biden administration is throwing a last-minute wrench into the AI trade.Jensen Huang, co-founder and CEO of Nvidia. The company is speaking out against the Biden administration’s latest chip expor

The Berkshire Hathaway CEO spent more than $400 million to buy Occidental Petroleum shares, which just hit a nearly 3-year low amid fears that oil prices may keep falling. Shares of Occidental Petroleum Corp. surged Friday, after Warren Buffett's Berkshire Hathaway Inc. boosted its stake in the oil-and-gas company even as Wall Street was doing the opposite.But that keeps with the well-known Buffett trading maxim: to be greedy when others are fearful.Buffett's investment vehicle disclosed late Thursday that its spent $409.15 million this week to buy another 8,896,890 Occidental shares.Berkshire was already Occidental's largest shareholder by far. It now owns 264,178,414 shares, or 28.15% of the total outstanding stock - a position valued at $12.54 billion at current prices.The next-largest shareholder is investment-management firm Dodge & Cox, which holds about 8.3% of Occidental's outstanding shares, according to FactSet data.The rally comes after the stock had closed Thursday at it

Berkshire Hathaway's Director Warren E. Buffett purchased a total of 8,580,322 shares of OXY common stock in five transactions between December 17, 2024, and December 19, 2024, at an average price of $46.0363. This indicates confidence in OXY's current performance and future prospects. Continued accumulation by Berkshire Hathaway is likely to garner positive market reactions for OXY shareholders.OXY shares gained 4.8% in overnight trading.Buffett also purchased of a total of 5,178,274 $Sirius X

In 2024, the chipmaker giant Intel ($INTC) lost more than 60% of its value, following a 90% gain in 2023. The company has struggled with its dual b...

In the latest trading session, Intel closed at $20.44, marking a -1.87% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.39%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq lost 0.32%.Coming into today, shares of the world's largest chipmaker had lost 16.14% in the past month. In that same time, the Computer and Technology sector gained 7.63%, while the S&P 500 gained 3.6%.The investment community will be closely monitoring the performance of Intel in its forthcoming earnings report. The company is predicted to post an EPS of $0.12, indicating a 77.78% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $13.77 billion, down 10.61% from the prior-year quarter.Investors might also notice recent changes to analyst estimates for Intel. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpr

South Korean office suite software developer Hancom (KOSDAQ:030520) collaborated with US-based chipmaker Intel to develop on-device AI solutions that are aimed at enhancing tasks such as drafting and

Intel (INTC) has an average rating of hold and mean price target of $24.45, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from major banks and re

Intel was downgraded to S&P's BBB rating from BBB+ over a slow industry recovery and higher-than-expected manufacturing costs that are expected to last through 2025, the rating agency said Tuesday.Intel's discretionary cash flow, or DCF, is expected to improve amid the chipmaker's cost-cutting efforts, but its DCF-to-debt ratio is seen to approach 10% by the end of 2026, "a level we view to be appropriate at its current rating," S&P said.S&P also pointed that the departure of Intel Chief Executive Pat Gelsinger brings uncertainty to the execution of the company's turnaround plan, especially amid fierce competition in the chip industry.Intel would need a consistent strategy under a new CEO, launch products on schedule and reach cost-cutting targets to improve its credit metrics over the next two years, S&P said.