Savvy investors know that when there’s a gold rush underway, buying the stocks of companies that are supplying the “picks and shovels” is a proven wealth-building strategy. When it comes to the artificial intelligence (AI) boom, it’s the computing infrastructure that makes the game-changing technology possible. Think chips and computer servers rather than pickaxes and …
Investors get excited about stock splits for two reasons. The most obvious reason is they reduce a company’s share price, making the stock more accessible. The less obvious reason is they often spotlight strong businesses. To elaborate, forward stock splits are only necessary after substantial share price appreciation, which rarely happens to mediocre businesses. Microsoft …
(Bloomberg) — JD.com Inc. took less than a day to respond to Alibaba Group Holding Ltd.’s price cuts in cloud computing services with its own sharp reductions, an aggressive round of competition that will benefit customers and erode profits at China’s leading technology companies. Most Read from Bloomberg Alibaba began slashing prices by as much …
(Bloomberg) — Microsoft Corp., Alphabet Inc.’s Google and Advanced Micro Devices Inc. — three companies working harder than nearly anyone to weave artificial intelligence into their products — are finding that investor expectations for the technology are hard to meet. Most Read from Bloomberg Shares of the tech giants slipped in late trading Tuesday after …
In 2023, Alibaba Group Holding Ltd. (NYSE:BABA) witnessed a 20% drop in its stock value, plummeting to about $73, a price echoing its 2014 post-IPO period. This decline has left investors in a quandary, weighing the merits of holding onto their shares or seeking tax-loss harvesting opportunities. However, the share price has factored in these …