Author: Multibagger News

NVIDIA’s AI GPU Leadership: Mizuho Analysts Confident Despite Modest Delays In the ever-evolving realm of artificial intelligence (AI) and graphics processing units (GPUs), one name consistently stands out—NVIDIA (NVDA). Recent updates from Mizuho analysts underscore NVIDIA’s unwavering dominance in the AI GPU market, even as the company navigates minor setbacks. NVIDIA’s Unyielding Market Leadership NVIDIA (NASDAQ: NVDA) continues to assert its dominance in the AI GPU sector, as highlighted by Mizuho analysts. The company’s strategic pivot towards the GB200 GPUs using the NVL36/72 architecture is anticipated to gain momentum into 2025, reinforcing NVIDIA’s market leadership. Navigating Challenges: A Closer Look…

Canada’s Economy Unexpectedly Sheds 2,800 Jobs in July, Unemployment Rate Remains at 6.4% In a surprising turn of events, Canada’s economy lost 2,800 jobs in July, with full-time gains being offset by part-time losses. The unemployment rate held steady at a 30-month high of 6.4%, defying analysts’ expectations of a net gain of 22,500 jobs and a rise in the unemployment rate to 6.5%. Data from Statistics Canada revealed that the average hourly wage growth of permanent employees slowed to 5.2% from 5.6% in June, a key indicator closely monitored by the Bank of Canada for its impact on inflation.…

LA Mayor Karen Bass Receives Olympic Flag from Paris Mayor Anne Hidalgo in Historic HandoverBy Rory CarrollThe closing ceremony of the Paris Games on Sunday marked a historic moment as LA Mayor Karen Bass was presented with the Olympic flag by Paris Mayor Anne Hidalgo, officially starting the countdown to the LA Games in 2028. This historic handover, where a Black woman mayor received the flag for the first time, was a moment of great honor and privilege for Bass.With the Paris Games being a resounding success so far, Los Angeles now looks forward to showcasing its multiculturalism and Hollywood…

“Revolutionizing the Air Conditioning Industry: Transaera’s Innovative Solution to Humidity Struggles” As the temperatures rise, the humidity becomes a real challenge for air conditioning units, leading to discomfort and increased energy consumption. Companies like Amazon and Walmart are feeling the heat in their warehouses, but one startup, Transaera, is on a mission to change that. Transaera has developed a unique air conditioner that not only cools the air but also removes humidity efficiently. With billions of people still lacking proper cooling in hot and humid regions, this innovation could make a significant impact on energy consumption. By deploying their technology…

Bitcoin Surges Past $60,000 Mark: Is $70,000 Next? Bitcoin has now surpassed the $60,000 mark and briefly touched $62,600 after increasing by 25% in just over three days. This surprising value rise comes at a time when Bitcoin has been struggling. Market dynamics are showing signs of improvement, with significant liquidity near $62,000 indicating strong buy and sell interest. The order book heat map suggests potential opposition to Bitcoin’s continued growth, with the $57,000 level serving as a crucial support level if prices decline. Recent Santiment social volume data shows discussions shifting from $40,000-$45,000 to $70,000-$75,000, which could impact market…

Avidity Biosciences Reports Positive Results for DMD Treatment – RNA Stock Surges! SAN DIEGO – Avidity Biosciences Inc. (NASDAQ:RNA) has announced exciting preliminary results from a Phase 1/2 clinical trial for their potential Duchenne muscular dystrophy (DMD) treatment, delpacibart zotadirsen (AOC 1044). The trial, named EXPLORE44™, showed significant increases in dystrophin production and exon 44 skipping, as well as a reduction in creatine kinase levels. This groundbreaking treatment, also known as del-zota, has received Orphan designation from the FDA and EMA, along with other prestigious designations. The positive trial data has sparked optimism among investors and analysts, leading to a…

Eventbrite Stock Plummets 25% After Disappointing Earnings Report and Analyst Downgrades: A Comprehensive Breakdown Eventbrite (NYSE: EB) experienced a dramatic 25% drop in premarket trading on Friday, following the release of its latest earnings report and subsequent analyst downgrades. Key Earnings Highlights: Q2 EPS: Eventbrite reported earnings per share (EPS) of $0.01, surpassing analyst expectations of ($0.05) by $0.06. Revenue: The company generated $84.55 million in revenue for Q2, which fell short of the $86.07 million consensus estimate. Disappointing Full-Year Guidance: Eventbrite’s outlook for fiscal year 2024 was notably underwhelming, projecting revenue between $74 and $77 million. This is significantly…

The Great Escape: Puigdemont Eludes Spanish Police and Returns to Belgium Amid Political Turmoil Catalan separatist leader Carles Puigdemont was headed back to Belgium on Friday, having eluded police after appearing at a rally in Barcelona despite a warrant for his arrest in Spain, his party said. Junts General Secretary Jordi Turull told RAC1 radio that he did not know whether Puigdemont had already reached Waterloo, where he has lived in self-imposed exile since leading a failed bid for Catalonia’s secession in 2017. Puigdemont’s brief appearance on Spanish soil and an escape worthy of a crime caper film angered conservative…

As the world’s best investment manager, financial market’s journalist, and SEO mastermind, I present to you the latest feature being tested by YouTube Premium that could impact your daily routine and potentially your finances. YouTube is currently experimenting with a new sleep timer feature on its Premium tier. This feature allows users to set a timer that will pause the video after a specified period of time. While this may not seem like a groundbreaking feature, it can be incredibly useful for those who enjoy falling asleep to podcasts or white noise. To enable the sleep timer, YouTube Premium users…

DXC Technology (NYSE: DXC) Receives Price Target Increase to $22 Amid Positive Financial Results – BMO Capital Markets Analysis BMO Capital Markets has adjusted its outlook on DXC Technology, raising the stock’s price target to $22.00 from $17.50, while maintaining a Market Perform rating. This change comes after DXC Technology reported financial results that surpassed expectations, prompting BMO Capital to revise its estimates. The firm commended DXC’s efforts to improve execution with existing clients and streamline its cost structure, despite challenges in the broader demand environment. BMO Capital believes that DXC Technology is at the initial stages of a plan…