Company News for May 17, 2024

Benzinga
Employees Who Joined Nvidia 5 Years Ago Now Millionaires And Coasting In 'Semi-Retirement'
Nvidia (NASDAQ:NVDA) has seen incredible growth in recent years. Since the beginning of 2024, the company’s stock has jumped 167%. Over the past five years, it has surged by an impressive 3,450%. Given these figures, it’s easy to see why many NVIDIA employees who joined the company five or more years ago are likely millionaires today. Additionally, many midlevel managers at NVIDIA reportedly make over $1 million a year, thanks to stock options and the overall appreciation of the company's stock.
Bloomberg
Singapore housing site gets no bids for first time in 20 years
Singapore’s cooling property market suffered a blow after a housing site put up for sale by the government failed to attract any interest from developers for the first time in more than two decades.
The Smart Investor
4 Singapore REITs Trading at Their 52-Week Lows: Can Their Share Prices Recover?
With the REIT sector still facing headwinds, we explore if these four Singapore REITs’ unit prices can recover. The post 4 Singapore REITs Trading at Their 52-Week Lows: Can Their Share Prices Recover? appeared first on The Smart Investor.
Fortune
Nvidia stock surge: How much a $1,000 investment 10 years ago would be worth today
Nvidia recently surpassed Microsoft and Apple to become the world's most valuable public company.
Barrons.com
Bitcoin Price Slips as ETF Outflows Continue. Why the Bears ‘Are in Control.’
Close to $300 million has left exchange-traded funds so far this week, according to crypto data firm Coinglass.
The Independent
Trump’s media company suffers another huge slump as share price falls nearly 15%
This drop comes after the business lost $327m in their first quarter as a publicly-traded company
The Smart Investor
If You Had Invested S$1,000 in These 4 US Growth Stocks 10 Years Ago, Here’s What You’d Have Now
These four examples of solid US growth stocks demonstrate the power of long-term compounding. The post If You Had Invested S$1,000 in These 4 US Growth Stocks 10 Years Ago, Here’s What You’d Have Now appeared first on The Smart Investor.
Yahoo Finance
Dell, Super Micro stocks rise after Musk says companies will supply hardware for xAI
The companies are helping to build a supercomputer project at Musk's AI startup, riding the momentum of the Nvidia and AI rally.
GOBankingRates
I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have
Though your pre-retirement income alone isn't enough to determine if you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you allocate...
Reuters
Nvidia loses top spot to Microsoft after 3% drop
Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88. Microsoft's market value also slipped, to $3.30 trillion, as its shares were down 0.4% at $444.8 in afternoon trading. Nvidia, Microsoft and Apple are in a three-horse race to become the world's most valuable company.
MoneySmart
3 Best Credit Card Pairings for Maximising Cashback, Miles, and Rewards
We’ve all heard the clichés—you’re the cheese to my macaroni, the flip to my flop, the stars to my night. Well today, I’ve got a new one for you: you’re... The post 3 Best Credit Card Pairings for Maximising Cashback, Miles, and Rewards appeared first on MoneySmart Blog.
Benzinga
Despite Recent Dip, Bitcoin Will Reach $200,000 Next Year, New Report Says (UPDATED)
Editor’s note: This story has been updated with the correct reference to Bernstein. In a recent prediction, analysts at Bernstein Research have projected that Bitcoin could hit the $200,000 mark by 2025. This forecast is driven by the unprecedented demand for Bitcoin following the launch of Bitcoin ETFs. Many bitcoin experts such as Anthony Pompliano, the founder and partner at Pomp Investments, had also previously voiced their belief that bitcoin can go as high as $100,000 within the next year.
Insider Monkey
Analyst Thinks Broadcom Inc (NASDAQ:AVGO) Can ‘Dominate’ $30 Billion Custom Chip Market
We recently published a list titled Forget Magnificent 7: Analysts are Talking About ‘Big 10’ AI Stocks in 2024. Since Broadcom Inc (NASDAQ:AVGO) ranks 7th on the list, it deserves a deeper look. When the AI revolution started with the launch of ChatGPT, investors started pouring money into a handful of companies that are leading AI […]
Zacks
Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Fortune
Nvidia’s CFO has been ‘instrumental’ in success and ‘key to Jensen’s vision,’ top analyst says
Colette Kress joined Nvidia as CFO in 2013.
The Telegraph
Investors have had a good 2024 – but that could be about to change
If we were playing golf, we’d be taking a break at the Halfway House. So, as we head towards the end of June, it’s time to sit down with a metaphorical cup of tea and a Mars bar to assess how the first few holes have gone and how we might approach the back nine.
Yahoo Finance Video
Nvidia: Should investors avoid the tech giant?
One of the dominant forces on the S&P 500 (^GSPC) is Nvidia (NVDA). The tech giant has seen a record-breaking rally, but should investors continue to buy at its height? Theory Ventures General Partner Tomasz Tunguz joins for the latest edition of Good Buy or Goodbye to give insight into how investors should play the tech sector. Tunguz calls Microsoft (MSFT) a "good buy," citing a multi-billion dollar run rate business in AI, its leadership in enterprise AI, and ample room for growth given AI's limited penetration in Microsoft's customer base. However, Tunguz highlights Microsoft's fraying relationship with OpenAI as a key concern. Tunguz says "goodbye" to Nvidia, citing the rise of competition in the space. He warns that the company may need to diversify into software, which will be an uphill battle for the company moving forward. This post was written by Nicholas Jacobino
SmartAsset
Ask an Advisor: I'm 60 With $1.1M Cash, $880K in a 401(k), and Several Pensions. Should I Retire Now?
I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my wife will have one pension, all … Continue reading → The post Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I Retire Now? appeared first on SmartAsset Blog.
Benzinga
Coinbase Lists Pre-Launch Ethereum Restaking Protocol at $12.2 Billion Valuation
In a recent development, Coinbase has listed the Ethereum (ETH) restaking protocol project, EigenLayer (EIGEN), for pre-launch trading. Coinbase’s announcement on X confirmed that EIGEN is now open for trading ahead of its official launch on Coinbase’s International Exchange and Coinbase Advanced. This is specifically for users in eligible jurisdictions outside of the US, UK, and Canada. Don’t Miss: 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many people got started through
Simply Wall St.
Examining 3 SGX Dividend Stocks With Yields Up To 9.6%
As the global finance industry stands on the brink of transformation with AI technologies poised to redefine operational landscapes and profitability, the Singapore market continues its steady performance amidst these technological shifts. In this environment, understanding which stocks consistently offer dividends becomes crucial for investors looking to maintain stable returns in a rapidly evolving sector.

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Company News for May 17, 2024

Latest stories

Employees Who Joined Nvidia 5 Years Ago Now Millionaires And Coasting In 'Semi-Retirement'

Singapore housing site gets no bids for first time in 20 years

4 Singapore REITs Trading at Their 52-Week Lows: Can Their Share Prices Recover?

Nvidia stock surge: How much a $1,000 investment 10 years ago would be worth today

Bitcoin Price Slips as ETF Outflows Continue. Why the Bears ‘Are in Control.’

Trump’s media company suffers another huge slump as share price falls nearly 15%

If You Had Invested S$1,000 in These 4 US Growth Stocks 10 Years Ago, Here’s What You’d Have Now

Dell, Super Micro stocks rise after Musk says companies will supply hardware for xAI

I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have

Nvidia loses top spot to Microsoft after 3% drop

3 Best Credit Card Pairings for Maximising Cashback, Miles, and Rewards

Despite Recent Dip, Bitcoin Will Reach $200,000 Next Year, New Report Says (UPDATED)

Analyst Thinks Broadcom Inc (NASDAQ:AVGO) Can ‘Dominate’ $30 Billion Custom Chip Market

Are You a Value Investor? This 1 Stock Could Be the Perfect Pick

Nvidia’s CFO has been ‘instrumental’ in success and ‘key to Jensen’s vision,’ top analyst says

Investors have had a good 2024 – but that could be about to change

Nvidia: Should investors avoid the tech giant?

Ask an Advisor: I'm 60 With $1.1M Cash, $880K in a 401(k), and Several Pensions. Should I Retire Now?

Coinbase Lists Pre-Launch Ethereum Restaking Protocol at $12.2 Billion Valuation

Examining 3 SGX Dividend Stocks With Yields Up To 9.6%