Cerebras Systems Inc. – a California-based artificial intelligence company is seeking to go public in the US at a valuation of about $8.0 billion in 2024. The venture-backed firm specializes in chips that are used for training large language models and even claims its product to be faster on that…
Waste Management (WM) stock has done well in the past few decades, making it one of the best-performing non-tech companies in the United States. It started trading in 1971 at $16.50 a share and has climbed to $211. Excluding the four stock splits, its shares have had higher gains. Biggest…
Apollo Global Management (APO) stock has done well this year, as the company’s role in the private credit and insurance industries has improved. It has risen by 50%, beating the S&P 500 and Nasdaq 100 indices, which have risen by less than 25%. Apollo’s gains continued recently after the management…
SoFi (SOFI) stock price has staged a strong comeback in the past few weeks as investors focus on the Federal Reserve and the recently-started earnings season. It soared to a high of $9.01, its highest level since March 4th, and 50% above its lowest level in August. All-rounded company SoFi…
Warby Parker (WRBY) stock price has underperformed the market since going public through a direct listing in September 2021. It has barely moved since 2022, and it remains 73% below its highest level on record. This performance has brought its market valuation from over $3 billion to about $1.8 billion.…
Elon Musk, CEO of Tesla Inc., showcased the highly anticipated Cybercab, an autonomous robotaxi, during an event in Burbank, California, late Thursday. The electric vehicle, being called as the ‘robotaxi’ by Tesla, is expected to cost under $30,000, with production set to begin by 2026, according to Musk. The grand…
Vertiv Holdings’ (VRT) stock price has done well since going public in a SPAC merger in 2020. It has risen from around $12 a share to $109, pushing its market cap to over $40 billion and making it one of the best-performing companies on Wall Street. Data center demand accelerates…
Indian equity benchmarks opened in the red on Friday, tracking overnight losses in Wall Street. US stocks closed lower on Thursday as hotter-than-expected inflation in the country dampened sentiments of investors. A higher-than-anticipated jobless claims data also dented market sentiments in the US on Thursday. At the time of writing,…
Asian stocks showed a mixed performance on Friday, as Chinese markets slipped amid investor anticipation of a key policy announcement concerning economic stimulus. While US futures inched up, oil prices registered a decline. Chinese equities saw a downturn during Friday’s trading session, with the Shanghai Composite Index dropping by 1.6%,…
The 2024 hurricane season is underway, and experts are forecasting that it will be severe, as the frequency and intensity of storms continue to increase due to climate change. Safety is, of course, the top priority when preparing for hurricanes. However, many investors are also keenly aware of how these…