Latest news with #LauraBratton
Yahoo
22-07-2025
- Business
- Yahoo
Trump Media stock tests the limits of bitcoin accumulation: Morning Brief
Strategy (MSTR) makes it look easy. Put larger amounts of bitcoin (BTC-USD) on your balance sheet and watch the numbers get bigger. The corporate finance maneuver has drawn a loyal following. But while executives are imitating the process, not everyone is replicating the results. On Monday, Trump Media (DJT) announced it had purchased $2 billion in bitcoin and related securities as part of its bitcoin treasury strategy. The move is the latest example of public companies purchasing bitcoin and, now, ethereum (ETH-USD) to capitalize on rising token prices. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Counting those purchases, President Trump's namesake media group said bitcoin, the largest cryptocurrency, now comprises two-thirds of its total of $3 billion in liquid assets. But just because companies are trying to emulate Strategy's (né Microstrategy) astronomical success doesn't mean that they will. As my colleagues David Hollerith and Laura Bratton have reported, dozens of companies have increased their exposure to the digital asset since 2023. Eighty firms have adopted the 'bitcoin standard' by adding bitcoin to their treasury reserves, according to Bernstein analyst Gautam Chhugani and data tracked by Coinkite. But it isn't an infallible strategy. While Trump Media shares surged following the purchase announcement, the stock has been struggling. Shares are down more than 40% for the year. GameStop (GME), another imitator of Michael Saylor's bitcoin-holding company, has shed 25% so far this year. The meme stock turned "hodler" is down by roughly the same percentage since disclosing its bitcoin-accumulation program in May. Trump Media said it acquired the cryptocurrencies as part of a previously disclosed plan to become a bitcoin treasury company. And the purchase comes on the heels of a promising week in Washington for the crypto industry, which has lobbied for more favorable oversight. The biggest legislative victory yet arrived on Friday when President Trump signed into law a bill that establishes the first federal framework for dollar-backed stablecoins. (Trump and his family have several crypto ventures, including a startup that has launched its own US-dollar-pegged stablecoin (USD1) in partnership with BitGo.) Read more: How would Trump's strategic bitcoin reserve work? None of the corporate adherents to the Strategy blueprint has managed to generate the same kind of performance, however. Shares of Strategy have more than doubled over the past year and have climbed roughly 50% year to date. After accounting for the company's latest purchases, Strategy now owns more than 3% of all the bitcoin ever minted. Wall Street's most popular bitcoin trade does have its critics. They often point to the dumbfounding arithmetic that Strategy is worth more than the value of the bitcoin it holds. Why not simply buy bitcoin, they implore investors. The answer to the question of why people are willing to pay a premium for Michael Saylor helps explain why Trump Media's stock chart doesn't look like Strategy's. Pivoting to crypto is one way to win. But it may not work for everyone. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
25-06-2025
- Business
- Yahoo
Nvidia stock looks to extend gains, notch record high in remarkable 2025 turnaround
Nvidia (NVDA) stock rose nearly 1% premarket Wednesday as shares eyed their record closing price of $149.43 in what would be a remarkable turnaround in the first half of the year. The AI chipmaker's stock has seen a significant upswing following its first quarter earnings in late May, which featured revenue that beat Wall Street's expectations and showed the company continuing to thrive despite a new export ban on sales of its chips to one of its largest markets: China. Shares have jumped more than 9% since Nvidia's May 28 earnings report, far ahead of the S&P 500's roughly 3.5% gain in that time frame. The stock had struggled in the months following its record close in January as President Trump embarked on his trade war and AI competition in China rattled the broader markets and its own shares. Nvidia shares plunged later in January when a new cheap AI model from Chinese startup DeepSeek prompted demand concerns for its AI chips. Then, the stock plummeted again in April as Trump's steep tariff announcements rocked the stock market. Trump enacted a ban on sales of Nvidia's H20 chips to China, costing the chipmaker $2.5 billion in lost revenue in the first quarter and a projected $8 billion loss in the second quarter. At the same time, Nvidia's competition in the Chinese market was heating up from domestic tech giant Huawei. Huawei is reportedly readying a new advanced AI chip competitive with Nvidia's prior-generation H100 chips. Shares hit their lowest closing price in over a year on April 4, ending the trading session at just over $94. Before the chipmaker's first quarter earnings report, Nvidia stock was bolstered in May by deals with Saudi Arabia and the United Arab Emirates to supply hundreds of thousands of its AI chips to the countries. The stock's comeback helped it briefly overtake Microsoft (MSFT) as the world's most valuable company in early June. Chip stocks also rallied across the board Tuesday in conjunction with Nvidia. Intel (INTC), AMD (AMD), and Broadcom (AVGO) all climbed over 3.5%. The upswing comes as investors pile back into tech stocks. Bank of America analysts said in a note Tuesday that tech inflows hit their highest level last week since June 2024. On Tuesday, the Nasdaq 100 (^NDX) also hit a fresh record close, while the Nasdaq Composite (^IXIC) notched its highest levels since February. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Nvidia stock jumps to highest levels since January with record high within reach
Nvidia stock (NVDA) jumped 2.6% Tuesday to $147.90 per share, ending the trading session at its highest level since its record close in January. Nvidia notched a record closing price of $149.43 on Jan. 6. The AI chipmaker's stock has undergone a significant turnaround following its first quarter earnings in late May, which featured revenue that beat Wall Street's expectations and showed the company continuing to thrive despite a new export ban on sales of its chips to one of its largest markets: China. Shares have jumped more than 9% since Nvidia's May 28 earnings report, far ahead of the S&P 500's roughly 3.5% gain in that time frame. Nvidia stock had struggled in the months following its record close in January as President Trump embarked on his trade war and AI competition in China rattled the broader markets and its own shares. The stock plunged in January when a new cheap AI model from Chinese startup DeepSeek prompted demand concerns for its AI chips and again in April as Trump's steep tariff announcements rocked the stock market. Trump enacted a ban on sales of Nvidia's H20 chips to China, costing the chipmaker $2.5 billion in lost revenue in the first quarter and a projected $8 billion loss in the second quarter. At the same time, Nvidia's competition in the Chinese market was heating up from domestic tech giant Huawei. Huawei is reportedly readying a new advanced AI chip competitive with Nvidia's prior-generation H100 chips. Shares hit their lowest closing price in over a year on April 4, ending the trading session at just over $94. Before the chipmaker's first quarter earnings report, Nvidia stock was bolstered in May by deals with Saudi Arabia and the United Arab Emirates to supply hundreds of thousands of its AI chips to the countries. The stock's comeback helped it briefly overtake Microsoft (MSFT) as the world's most valuable company in early June. Chip stocks also rallied across the board Tuesday. Intel (INTC) climbed 6.4%, AMD (AMD) climbed 6.8%, and Broadcom (AVGO) rose 3.9%. US-listed shares of Nvidia's Taiwan-based contract manufacturer TSMC (TSM) soared roughly 4.7%. The upswing comes as investors pile back into tech stocks. Bank of America analysts said in a note Tuesday that tech inflows hit their highest level last week since June 2024. On Tuesday, the Nasdaq 100 (^NDX) also hit a fresh record close, while the Nasdaq Composite (^IXIC) notched its highest levels since February. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Nvidia reclaims crown as world's most valuable company as $1 trillion rally continues
Nvidia (NVDA) on Tuesday overtook Microsoft (MSFT) as the world's most valuable company, with the AI chipmaker's market capitalization of $3.444 trillion eclipsing the software giant's $3.441 trillion. Nvidia stock has gained roughly 50% since hitting a 12-month low of just over $94 in early April, adding more than $1 trillion to the company's market capitalization as investors pile back into the "Magnificent Seven" Big Tech stocks. Nvidia shares have been powered higher over the past week after the company's better-than-expected quarterly financial results and outlook on May 28 showed the chipmaker's revenue continuing to grow despite losing billions in sales from lost revenue to China due to a recent US export ban. Nvidia's first quarter earnings report also showed the company has overcome supply chain hurdles to deliver its powerful and complex Blackwell AI servers to Big Tech customers such as Microsoft. The stock rose 2.8% on Tuesday as Nvidia's contract chip manufacturer TSMC reaffirmed that AI chip demand remains robust. Additionally, a major customer, CoreWeave (CRWV), secured a new data center lease that, once online, would be filled with Nvidia's chips. Nvidia stock has had a volatile year as investors questioned the sustainability of AI demand and Trump's trade war hammered shares. Microsoft had held the top spot as the world's most valuable company since early May and traded places back and forth atop the leaderboard this year with Apple (AAPL). Nvidia last held the distinction in January. Nvidia's recent gains have put the stock back in positive territory for the year, with the stock up roughly 5% year to date. Microsoft has gained nearly 10% over that time frame. Meanwhile, Apple shares are down roughly 19% in 2025 as the company faces stiff AI competition and President Trump has threatened to tariff iPhone imports. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at
Yahoo
03-06-2025
- Business
- Yahoo
Nvidia reclaims crown as world's most valuable company as $1 trillion rally continues
Nvidia (NVDA) on Tuesday overtook Microsoft (MSFT) as the world's most valuable company, with the AI chipmaker's market capitalization of $3.444 trillion eclipsing the software giant's $3.441 trillion. Nvidia stock has gained roughly 50% since hitting a 12-month low of just over $94 in early April, adding more than $1 trillion to the company's market capitalization as investors pile back into the "Magnificent Seven" Big Tech stocks. Nvidia shares have been powered higher over the past week after the company's better-than-expected quarterly financial results and outlook on May 28 showed the chipmaker's revenue continuing to grow despite losing billions in sales from lost revenue to China due to a recent US export ban. Nvidia's first quarter earnings report also showed the company has overcome supply chain hurdles to deliver its powerful and complex Blackwell AI servers to Big Tech customers such as Microsoft. The stock rose 2.8% on Tuesday as Nvidia's contract chip manufacturer TSMC reaffirmed that AI chip demand remains robust. Additionally, a major customer, CoreWeave (CRWV), secured a new data center lease that, once online, would be filled with Nvidia's chips. Nvidia stock has had a volatile year as investors questioned the sustainability of AI demand and Trump's trade war hammered shares. Microsoft had held the top spot as the world's most valuable company since early May and traded places back and forth atop the leaderboard this year with Apple (AAPL). Nvidia last held the distinction in January. Nvidia's recent gains have put the stock back in positive territory for the year, with the stock up roughly 5% year to date. Microsoft has gained nearly 10% over that time frame. Meanwhile, Apple shares are down roughly 19% in 2025 as the company faces stiff AI competition and President Trump has threatened to tariff iPhone imports. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
