|Bid||1,113.01 x 800|
|Ask||1,114.00 x 1200|
|Day's Range||1,110.65 - 1,131.67|
|52 Week Range||970.11 - 1,273.89|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||25.48|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,332.50|
Government officials and New Yorkers respond to Amazon pulling out of its HQ2 NYC deal. Yahoo Finance's Zack Guzman & Jeanie Ahn, along with 'Unfair Advantage Live' Founder Chris Winfield discuss.
Yahoo Finance's Adam Shapiro, Julie Hyman, and Dan Howley join Tech:NYC Policy Director Zach Hecht to discuss Amazon's decision to pull out of their original NYC HQ2 plan.
Amazon canceled its plans for its New York City headquarters. Queens Assemblyman Ron Kim (D- NY 40) who opposed the package and Bronx Assemblyman Michael Blake (D-NY 79) who supported the move join CNBC's "Squawk Alley" to debate.
Google-parent Alphabet continues to keep YouTube financials a guessing game. Google may well be the least transparent of the FANG stocks, which also include Amazon, Facebook and Netflix.
A lot of super-geniuses who loved Nvidia (NASDAQ:NVDA) at $280 per share seemed to hate Nvidia stock at its pre-earnings report price of $150 per share. That's not the way this game is played …It is true that NVDA has had a rough time lately. The bitcoin boom became a bitcoin bust, crimping demand for Nvidia's fast graphics chips that powered bitcoin "mining" devices. Nvidia's revenue peaked at $3.2 billion in the quarter that ended last April. Its top line, expected under $2.4 billion, came in at $2.21 billion when NVDA reported earnings Thursday.That's down 24% from year-ago levels, but the rest of the demand equation for Nvidia looks sound. The company is still making money, posting a per-share profit of "just" 92 cents per share, around $567 million. That's slightly less than the $614 million Nvidia made for all of 2016.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Watch the DogDon't name your dog for a stock. You may end up kicking the dog when the stock falls. Worse, you may fall in love with the dog and refuse to sell the stock when it's overpriced. What is happening with Nvidia stock is part of the normal ebb-and-flow of technology, which is no longer a boom-and-bust cycle but a boom and less boom one. * 10 Hot Stocks Leading the Market's Blitz Higher The primary uses for Nvidia graphics chips are in game machines. Gamers have been anxiously awaiting these lower prices. Nvidia is also now targeting laptop gamers. The second big market is cloud data centers.Graphics are part of the current cloud upgrade cycle, in which these centers get faster front-ends to handle new artificial intelligence applications. There are more graphically intense user interfaces, augmented reality (AR) and virtual reality (VR), to support, as well as self-driving cars and self-diagnosing machines that need these chips.This market is not slowing down. Cloud capex rose 53% in 2018. There are now over 420 such centers with over 100 more in the pipeline. All these centers will upgrade to support AI. They're going to be attracted to cheaper chips, like those Nvidia is now selling.The cloud is the server side of modern computing. Intelligent devices are the client side. These include things like manufacturing robots, health care devices, and other products that deliver the benefits of AI, AR and VR.These markets are also continuing to grow. The Momentum GameIndex funds and ETFs magnified the impact of the bitcoin bust.Once a stock falls, selling by machines matching the market accelerates the fall. Falling price targets become self-fulfilling prophecies. You beat these sudden swings through patience, making time your friend.Right now, you get NVDA stock for a price-earnings ratio of 21, slightly below the average S&P 500 stock. NVDA also had over $7.4 billion in cash on its balance sheet. It's reasonable to expect its development efforts to continue.How long will the trough in demand last? It may already be ending. bitcoin was always a sideshow. AI is the real show. Nvidia is still a leader in AI.As revenue starts to grow again, Nvidia will be facing more competition for cloud contracts from Cloud Czars like Alphabet (NASDAQ:GOOGL) Microsoft (NASDAQ:MSFT) and Amazon.Com (NASDAQ:AMZN). They have been designing and producing their own graphics chips and software for processing graphics.But the czars are not the only clouds in the sky. The hybrid cloud model has taken off among enterprises, which are building their own data centers and connect to the new ecosystem. Bottom Line on NVDA StockA smart investor will sell when everyone else is screaming buy and buy when everyone else is screaming sell. They will have the patience to let the machines panic and move in after they settle down.Nvidia stock bottomed near the end of January, at around $131 per share. NVDA stock has risen about $15 from there.The price is reasonable, the prospects good. Your patience will be rewarded.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Don't Regret Buying Nvidia Stock Twice appeared first on InvestorPlace.
Subscribe to the Fintech Focus newsletter to get a roundup of industry news delivered to your inbox weekly, and check out upcoming programming at Benzinga events. In this episode of the Fintech Focus podcast, we chat with Ana Sirbu, Chief Financial Officer of BlueVine. Ana previously worked at UBS and Google Capital where she headed up fintech investing, which got her introduced to her new company, a fintech lender that focuses on offering financing for small- and medium-sized companies.
(Bloomberg Opinion) -- As expected, President Donald Trump announced that he’s declaring a national emergency so he can transfer money not appropriated by Congress to build a wall along the Mexico border.
The urban innovation unit of Alphabet Inc. and sister company to Google is proposing to speed up its plans to redevelop 350 derelict acres on the city’s waterfront in return for a cut of property taxes, development charges and increased land values. New York-based Sidewalk is offering to finance the infrastructure required to get the project off the ground, including a light-rail line, in return for a slice of the proceeds, which it estimates could be about C$6 billion ($4.5 billion) over the next 30 years. The proposal, which includes a new Google campus, builds on Sidewalk’s 2017 plan for a 12-acre redevelopment that envisioned a mecca of green energy, self-driving technology and 3,000 housing units all connected by digital sensors.
Alphabet Inc's Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company's slide presentation made public on Friday. Sidewalk Labs, which provides urban technology infrastructure, is planning a 4.9-acre smart city along Toronto’s harbor front, a project that has already faced opposition from locals over concerns of data privacy. Sidewalk Labs said the proposal was yet to the evaluated by Toronto city and the public and has the potential to generate around C$6 billion ($4.5 billion) to pay for the infrastructure over 30 years.
Choice Hotels, the Rockville, Maryland-based company behind such franchise hotel brands as Comfort Inn, Clarion Pointe, WoodSpring Suites, and Cambria Hotels, is investing in technology — and its brands — as it competes with other hotel providers. On Friday during the company’s fourth quarter 2018 and full year earnings call, Choice Hotels CEO Patrick Pacious […] The post Choice Hotels Touts Its Tech Partnerships with Google and Amazon appeared first on Skift.
The Latest Trends in Tech: Amazon, Google, Cisco, Apple, and Dish(Continued from Prior Part)Google will spend $13 billion on data centers and offices this yearAs we mentioned in the previous article, Alphabet’s (GOOG) (GOOGL) Google has been
Google will expand its presence in Chicago by adding new finance jobs in Chicago. The unit of Alphabet Inc. (Nasdaq: GOOG) announced Friday that Chicago's been selected as its new hub for its growing finance team. According to Chicago Mayor Rahm Emanual, it's a Google "move that will bring hundreds of new jobs to the city." "Google's capacity in Chicago will double.