Opinion: Amazon’s stock price has slumped almost 34% this year. This money manager says it’s a steal and could surge 76% to $ 3,900 in 2 years

Opinion: Amazon’s stock price has slumped almost 34% this year.  This money manager says it’s a steal and could surge 76% to $ 3,900 in 2 years

The stock market is a funny place: When great businesses go on sale, most people don’t rejoice. Instead they freak out. This presents an excellent opportunity for long-term investors who keep their wits about them and triangulate between price and value. As I perform my own triangulations, I find many tech stocks on sale today, … Read more

AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 35.01% shares climbed as much as 46% to an … Read more

AppLovin stock jumps more than 20% as execs consider selling one business as the other finds a new gear

AppLovin stock jumps more than 20% as execs consider selling one business as the other finds a new gear

AppLovin Inc. shares rallied in the extended session Wednesday after the app-monetization company executives said they expect about $ 2 billion from their software business alone in 2023 and could sell their apps business. AppLovin APP, -5.90% shares, which were halted for trading soon after the market closed, rallied as much as 50% at one … Read more

Opinion: AMD will finally give investors its data-center data as business soars

Opinion: AMD will finally give investors its data-center data as business soars

Advanced Micro Devices Inc.’s data-center business will finally get its own spotlight. After reporting record sales Tuesday and predicting another record this quarter, AMD AMD, + 1.44% Chief Financial Officer Devinder Kumar said that beginning in the second quarter, the chip maker will delineate sales specifically from the division that has boosted its stock in … Read more