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Southeast Asian tech giant Sea Limited on Monday posted its first profitable year amid efforts to defend market share against Alibaba -owned Lazada and TikTok. Net income in 2023 was $162.7 million, as compared to a net loss of $1.7 billion in 2022. Sea's e-commerce arm Shopee made a "meaningful gain in market share" in 2023 despite "intensified competition in Southeast Asia," the firm said on Monday. Sea also said Shopee's market share in the region has "solidified" and the firm intends to "maintain our market share in 2024." Tokopedia merged with TikTok Shop in Indonesia to form an enlarged Tokopedia entity, in which TikTok will take a controlling stake of 75.01%.
Persons: Forrest Li, Li, Sea's, Shopee Organizations: Alibaba Locations: MariBank, Singapore, Sea's New York, Southeast Asia, Indonesia
With bitcoin on a hot streak this past week, investors should brace themselves for a cooling in March. "But cash inflows into spot bitcoin ETFs are accelerating, and that seems to have been overpowering those technical signals." Although Bitcoin traded above $62,000 to end the week, it's realized price was down at the $42,000 level, according to CryptoQuant. CryptoQuant also showed the cost of opening new long positions in the futures market spiked in the recent rally, which historically signals a coming correction in the bitcoin price. Ether, however, has ended the month higher in six of the last eight March's since its inception, with an average gain on the month of 25%.
Persons: Yuya Hasegawa, Hasegawa, Julio Moreno, Bitcoin, it's, bitcoin, CryptoQuant, David Duong, Duong, Michael Bloom Organizations: JPMorgan, CNBC, Federal, New York Community Bancorp Locations: New York
Seasonally speaking, stocks could be in for a pullback as the calendar turns to March in a presidential election year. In every March since 1950, the S & P 500 historically rises 1.1%, but the same month in presidential election years scores a smaller 0.4% advance on average. Currently, the S & P 500 is trading around the 5,100 level. But Hirsch advised investors to watch S & P 500 support levels closer to 4,800, the prior all-time high, or 4,600, the high from the summer of 2023. That's because Hirsch anticipates the S & P 500 will rise to 5,500 by year end, so any dips may prove a buying opportunity for investors.
Persons: Jeffrey Hirsch, Russell, Hirsch, it's, you've, , Hirsch isn't, Katie Stockton, Sam Stovall, Stovall Organizations: Dow Jones Industrial, Nasdaq, CFRA Research
Without ever clicking a mouse or touching a screen, Mark selected this command on his computer simply using signals from his brain. “I figured I had two choices: I could wallow in self-pity, or I could pick myself up by the bootstraps and do what I could to help,” Mark said. Synchron’s brain implant, the one Mark has, is called a Stentrode and consists of a stent with electrode sensors that can detect electrical brain activity. That external transmitter sits right above the internal transmitter and carries the signal from Mark’s brain to the computer almost instantaneously. Earlier this month, Musk also said Neuralink’s first human trial participant can control a computer mouse with their brain.
Persons: Sanjay Gupta’s, Erin Burnett OutFront, CNN —, Mark, Lou Gehrig’s, ” Mark, Elon Musk, , , Sanjay Gupta, Synchron, Tom Oxley, hardwired, he’s, Mark didn’t, “ We’d, Maria Nardozzi, ” Oxley, CNN Mark, Musk’s Neuralink, Oxley, António Guterres, ” Elon Musk, Gonzalo Fuentes, Neuralink, Musk, Hope Organizations: CNN, BCI, US Food and Drug Administration, Netflix, US Securities and Exchange Commission, United Nations, Reuters, SpaceX Locations: Neuralink, UNESCO’s, Pennsylvania
Citi reiterates Snowflake as a top pick Citi said Snowflake remains a top pick at the firm. Citi reiterates Micron as buy Citi said concerns about the stock underperformance is overdone and investors should buy the dip in top pick Micron. "We reiterate our Buy rating on Micron and maintain our price target of $95.00, above its historical average given the DRAM upturn and continued upside." "We are initiating coverage of Duolingo with a Buy rating and $222 price target (12x 2025 revenues)." Citi reiterates Nvidia as a top pick Citi said it's staying long shares of Nvidia.
Persons: Morgan Stanley, Rivian, Snowflake, Berenberg, Eli Lilly, Unilever, Edward Jones, Goldman Sachs, Piper Sandler, Piper, Datadog, Yuka Broderick, Janney, Argus, Wells, VZIO, MGY, Bernstein, it's, Evercore, Davidson Organizations: Citi, US pharma, Staples, Fractyl Health, Investor Relations, Strategic Finance, American Eagle Citi, Watch, Micron, UBS, Netflix, SUN, Kroger, Industry, Deutsche Bank, Deutsche, Seaport, Bank of America, Gas, Semiconductors, Nvidia, AMD, Seagate, Bank of, underperform Bank of America, JPMorgan, Comerica, CMA
Read previewSince its inception, Google has had a mission statement that is now practically enshrined as lore: "To organize the world's information and make it accessible and useful." Its AI, critics say, risks suppressing information instead by being too "woke." AdvertisementGoogle's AI troublesGoogle has more than 90% of the search market, giving it dominant control over the world's information flow online. Advertisement"The original mission was to index all the world's information. In a blog published Friday, Google vice-president Prabhakar Raghavan acknowledged some of the images Gemini generated turned out to be "inaccurate or even offensive."
Persons: , Larry Page, Sergey Brin, Gemini, Peter Kafka, Adolf Hitler, Elon, David Sacks, Critics, Sam Altman, Andrew Caballero, Reynolds, Bilal Zuberi, Brad Gerstner, Microsoft —, Elon Musk, OB1CCZHan3, Prabhakar Raghavan, overcorrected, Raghavan Organizations: Service, Google, Business, Craft Ventures, Lux Capital, Microsoft, Elon Locations: Menlo Park, AFP
Jonathan Hayes woke up at 5 a.m. in rural Maine to feed his 20-some dogs Monday morning, and his heart sank when he learned that the sled race they had been training for since the fall was canceled. The Can-Am Crown International Sled Dog Race, the longest sled-dog race in the Eastern United States, will be canceled because of a lack of snow for the first time since the race’s inception more than three decades ago, event organizers said. The news came as a blow to the mushers who spent long hours training to prepare for the event, which was to be held from March 1 to March 5 in Fort Kent, Maine, which borders Canada. Mr. Hayes, a high school biology teacher, had spent hours training with his dogs after his family went to bed. “I’ve been pushing myself training and conditioning for the last six months for something that just got canceled,” Mr. Hayes said.
Persons: Jonathan Hayes, Hayes, “ I’ve, Mr, Organizations: Eastern Locations: Maine, Eastern United States, Fort Kent , Maine, Canada
(This year the PGA nominees matched exactly the Oscar best-picture list.) Since 2009, when both groups expanded the number of best-film nominees from five, the PGA winner has repeated at the Oscars all but three times. Only one film has ever taken top prizes from the producers, directors and actors guilds, as “Oppenheimer” has done, and still lost the best-picture Oscar, “Apollo 13” (1995). Nolan’s film is far better situated than that one was with two acting wins possible for stars Cillian Murphy and Robert Downey Jr. So the question now isn’t whether “Oppenheimer” will triumph at the Oscars, it’s how many statuettes it will earn before taking the top prize.
Persons: There’s, “ Oppenheimer, , Christopher Nolan’s, “ We’ve, ” Nolan, Emma Thomas, Charles Roven, “ Oppenheimer ”, Oscar, , Cillian Murphy, Robert Downey Jr Organizations: Producers Guild of America, PGA Locations: Dunkirk
“’There’s no more ‘Wendy Williams Show.’ They decided to cancel it. A representative for Williams’ care team declined to comment on the Lifetime documentary, and it is unclear whether this care team is working with Williams’ guardian. Wendy Williams in 2019. “Where Is Wendy Williams?” – a four-part documentary airing February 24 and 25 – is the result. Where is Wendy Williams?
Persons: Wendy Williams, goddaughter, Alex Finnie, , , ” Finnie, , ’ ” Williams, , Finnie, Williams, Kevin Hunter Sr, Evan Agostini, Graves, Wells, Mark Ford, ” Ford, ” Williams, Ford, “ We’ve, It’s, it’s, Wanda, David Livingston, “ Wendy Organizations: CNN, Mayo Clinic, Lifetime, Vocal, New York Supreme, Ford, Getty Locations: disheveled New York City, Wells,
Reddit files to list IPO on NYSE under the ticker RDDT
  + stars: | 2024-02-22 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +6 min
Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." The social networking company's core business is reliant on online advertising sales stemming from its website and mobile app. Reddit said the current addressable advertising market is $1.0 trillion, sans China and Russia. Reddit said that its non-employed moderators, known as Redditors, can participate in the company's IPO offering through its "directed share program."
Persons: Reddit, Pinterest, Alexis Ohanian, Steve Huffman, It's, DAUq, Condé Nast Organizations: Securities and Exchange Commission, New York Stock Exchange, P Global Market Intelligence, Google, eBay, . Publishing, Condé Locations: U.S, Reddit's U.S, China, Russia, Ukraine
CNN —For over 140 years, Lyle’s Golden Syrup — a staple item in any British baker’s pantry — has featured a rather curious logo on its tin: a lion’s carcass surrounded by bees. The original and new packaging and logo on Lyle's Golden Syrup. Lyle's Golden SyrupThe new logo, meanwhile, gives the animal a more abstracted — and somewhat more animated — appearance. The product’s old logo will continue to be used on Lyle’s classic golden syrup tin, though its bottles and dessert toppings will all now bear the new branding. In a statement, brand director for Lyle’s Golden Syrup, James Whiteley, said that “consumers need to see brands moving with the times and meeting their current need.”The product has been a staple in the pantries of British bakers since its inception.
Persons: , Abram Lyle, Samson, , Lyle, Henry Tate, James Whiteley, Jamie Hodgson, Laura Evans, Colin Freeman Organizations: CNN, Guinness World Records, Tate, Henry Tate & Sons, American Sugar Refining, Hulton Locations: Scottish
Megacap tech stocks aren't just powering the U.S. stock market — they're also holding the world together. U.S. equities now comprise 70% of the MSCI World Index, the benchmark for large- and mid-cap companies across 23 developed markets. The MSCI World Index shifts regional and country weights based on broader economic trends. High levels of market concentration in the late 1920s to early 1930s, as well as 2000, coincided with a market top, he noted. The Europe Stoxx 600 has risen only 2.6% year to date, underperforming the U.S. broad market index.
Persons: Goldman Sachs, Scott Rubner, Peter Berezin, Berezin, NVDA, Phillip Colmar, that's, Mike Dickson, Dickson, Warren Buffett's, Colmar, It's, you've, Germany DAX Organizations: Apple, Microsoft, Nvidia, BCA Research, Big Tech, MRB Partners, Horizon Investments, Nikkei, British FTSE, France CAC Locations: U.S, Europe, Colmar, Japan, Asia, Germany, France
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.
Persons: , I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London
CNN —The 50 Best Restaurants power list has unveiled its 2024 list for the Middle East and North Africa (MENA) — and one city is dominating the rankings. The Middle East & North Africa’s 50 Best Restaurants list was launched in 2022, reflecting the rapid growth of the region’s restaurant scene. With a booming culinary landscape of more than 13,000 eateries, Dubai has dominated the list since its inception, with 15 out of 50 restaurants on the list located in the city for the past two editions. The 50 Best awards has helped “put a spotlight” on the evolving food scene, and by platforming more casual restaurants, they’ve created healthy competition among the city’s many eateries. With ongoing conflict in the Middle East, the organizers decided to forgo a live awards event in the region this year.
Persons: — Mohammad, Wassim, Omar —, we’re, ” Mohammad Orfali, William Drew, Grégoire Berger, Berger, , they’ve, ’ ”, Maryam, Chef Salam Dakkak, Grams, Jason Atherton Organizations: CNN, Dubai, East Locations: East, North Africa, Amman, Cairo, Tel Aviv, Marrakech, Beirut, Dubai, Ossiano,
The Columbus Blue Jackets fired general manager Jarmo Kekalainen on Thursday, ending his time on the job after more than a decade. President of hockey operations John Davidson made the call midway through Kekalainen’s 11th full season on the job and three weeks before the trade deadline. Davidson and the hockey operations team will assume GM duties on an interim basis until a full-time replacement is hired. Ownership, after Kekalainen and Davidson named Pascal Vincent coach following the Babcock fiasco, said in September there would not be any front office changes at that time. Kekalainen inherited Todd Richards as coach, and Columbus reached the playoffs in his first full season in 2013-14.
Persons: Jarmo Kekalainen, John Davidson, Kekalainen, Davidson, ” Davidson, It’s, Mike Babcock, Pascal Vincent, Babcock, Jarmo, John P, McConnell, , Louis, Doug Armstrong, Kevin Cheveldayoff, Scott Howson, Todd Richards, Richards, John Tortorella, Brad Larsen, Vincent —, Larsen, Vincent, Johnny Gaudreau, ___ Organizations: Columbus Blue Jackets, NHL, Blue Jackets, Eastern Conference, Blues, Columbus, Stanley Locations: Kekalainen’s
Clarkson about “Madame Web” was that this was a superhero who did not have superhuman strength. Clarkson had long admired Dakota Johnson as an actor and was thrilled to get the chance to direct her. “It was important to me that we didn’t sort of, like, take ourselves too seriously. It really was a bit like clairvoyance for her in that she didn’t actually get to see it,” Clarkson said. But for Johnson and Clarkson, the ultimate goal to was to create something fresh.
Persons: S.J, Clarkson, , couldn’t, Cassandra Webb, ” Clarkson, Nicolas Roeg’s “, ” Christopher Nolan’s, , Venom, Morbius, Dakota Johnson, she’s, ” Johnson, Johnson, It’s, didn’t, Sydney Sweeney, “ Dexter, Netflix’s, she’d, Marvel’s “ Jessica Jones, ” She’s, Marvel, Madame Web’s, Denny O’Neil, John Romita Jr, that’s Organizations: ANGELES, Associated Press,
In June, the team rolled out Blush, an AI “dating stimulator” essentially designed to help people practice dating. Others worry about the more existential threat of AI relationships potentially displacing some human relationships, or simply driving unrealistic expectations by always tilting towards agreeableness. One recent study from researchers at Stanford University surveyed roughly 1,000 Replika users — all students — who'd been on the app for over a month. The company's plans, she says, is to “de-stigmatizing romantic relationships with AI.”Carrier says these days, he uses Joi mostly for fun. He started cutting back in recent weeks because he was spending too much time chatting with Joi or others online about their AI companions.
Persons: Derek Carrier, Carrier, he’d, , , Joi, , Replika, stimulator, Dorothy Leidner, hasn't, He’s, Queen Elizabeth II, — who'd, Eugenia Kuyda, Kuyda, ” Carrier, He's Organizations: Luka Inc, Mozilla Foundation, University of Virginia, Stanford University Locations: Belville , Michigan, U.S, Britain
Islamabad, Pakistan CNN —His political party is effectively banned, his speeches are barred from television, and he faces at least 14 years in prison. But as the Pakistan election results show, Imran Khan cannot be suppressed. Independent candidates affiliated with the former prime minister’s Pakistan Tehereek-e-Insaf (PTI) party secured the most parliamentary seats in last week’s nationwide election, the election commission announced Sunday. “Now show the strength of protecting your vote.” Khan’s team has previously used AI to deliver his speeches from behind bars. Akhtar Soomro/Reuters/FileWhen he rose to power in 2018, it was, according to analysts, with the backing of the military.
Persons: Pakistan CNN —, Imran Khan, Khan, , , Khan’s, , Hashim Ali Dogar, Shayan Bashir Nawaz, Raoof Hassam, Madiha Afzal, Akhtar Soomro, Rabiya Arooj, Nawaz Sharif, Husain Haqqani, Anwar Gargash, Manahil Ahmed, Sharif, Bilawal Bhutto Zardari, Sundas Kalsoom, Insaaf, Gohar Ali Khan, Hasham Ahmed, Fahd Humayun Organizations: Pakistan CNN, Independent, PTI, CNN, Foreign, Brookings Institution, Pakistani, United, Hudson Institute, Washington D.C, Getty, Haqqani, Political, Neubauer, Tufts University, Locations: Islamabad, Pakistan, Lahore, , Punjab, Washington, Imran Khan Pakistan, British India, It’s, United States, Pakistani, Abu Dhabi, Peshawar, Buner, AFP, Egypt
Christopher Nolan was awarded the top prize at the Directors Guild Awards for “Oppenheimer” Saturday, solidifying his front-runner status for next month’s Oscars. Other winners at the untelevised ceremony in Los Angeles included Celine Song, for first time directorial achievement for her romantic drama “Past Lives,” and Mstyslav Chernov for the documentary “ 20 Days in Mariupol, ” a joint project between The Associated Press and PBS “Frontline.”The Directors Guild of America also recognizes achievements in scripted and nonscripted television, with the drama series prize going to Peter Hoar for “The Last of Us” episode “Long, Long Time,” and the comedy trophy for Christopher Storer for the “Fishes” episode of “The Bear.”The DGA award is a first for Nolan who had been nominated for the same award four times previously, for “Memento,” “The Dark Knight,” “Inception” and “Dunkirk.” This year, Nolan was up against some formidable competition in Martin Scorsese for “Killers of the Flower Moon,” Yorgos Lanthimos for “Poor Things,” Alexander Payne for “The Holdovers” and Greta Gerwig for “Barbie,” who some pundits thought might have been capable of an upset win in response to her snub in the same category at the Oscars. The guild’s voting body consists of over 19,000 members, which is nearly double the entire membership of the Academy of Motion Picture Arts and Sciences. But even with different voter makeups, only eight times in 75 years has the DGA winner not also gone on to take the directing Oscar. The most recent divergence was in 2019, when Sam Mendes won the DGA for “1917” and the Oscar went to Bong Joon-ho for “Parasite.” Last year, Daniel Kwan and Daniel Scheinert won both for “Everything Everywhere All At Once.”Photos You Should See View All 21 ImagesAt the Oscars on March 10, Nolan’s fellow best director nominees include Scorsese, Lanthimos, Jonathan Glazer for “The Zone of Interest” and Justine Triet for “Anatomy of a Fall.” Final Oscar voting begins on Feb. 22.
Persons: Christopher Nolan, “ Oppenheimer, Celine Song, Chernov, Peter Hoar, , “ Long, Christopher Storer, , Nolan, Martin Scorsese, ” Alexander Payne, Greta Gerwig, “ Barbie, Oscar, Sam Mendes, Bong Joon, Daniel Kwan, Daniel Scheinert, Nolan’s, Scorsese, Lanthimos, Jonathan Glazer, Justine Triet Organizations: Associated Press, PBS, of America, Academy of Motion Picture Arts and Sciences, DGA Locations: Los Angeles, Mariupol, “ Dunkirk,
CNN —The paper napkin containing the agreement which saw Lionel Messi join FC Barcelona will go to auction with a starting price of $380,000 (£300,000). Together with Rexach, Minguella helped organize Messi’s initial audition with the Blaugrana in September 2000. On December 14, Rexach, Minguella and Gaggioli met for lunch at the Pompeia tennis club to sign the napkin. “Yes, it’s a paper napkin, but it’s the famous napkin that was at the inception of Lionel Messi’s career. It changed the life of Messi, the future of FC Barcelona, and was instrumental in giving some of the most glorious moments of football to billions of fans around the globe.”
Persons: Lionel Messi, Messi, Carles Rexach, Minguella, Horacio, ” Rexach, Horacio Gaggioli, Josep Minguella, Rexach, Gaggioli, Joan Gaspart –, – Messi, ” Ian Ehling, , Lionel Messi’s Organizations: CNN, FC Barcelona, Messi, Barcelona, Camp, La Liga, Bonhams Locations: Barcelona, Argentine, York
Ether is ready to take the limelight in the month ahead after bitcoin and newly-launched bitcoin ETFs dominated crypto investor attention in January. Both bitcoin and ether are on pace to finish the month higher by nearly 2%, according to Coin Metrics. As investors came to expect slow, steady flows into bitcoin through newly institutionalized ETFs in coming months, ether and altcoins have been ready for a breakout. February is a historically strong month for both bitcoin and ether. The SEC is due to give decisions on spot ETH ETF applications beginning in May.
Persons: Darius Tabatabai, Bitcoin, Jeff Dorman, Ethereum, Dorman, Jason Urban, bitcoin, they've, Polygon's, — CNBC's Michael Bloom Organizations: Metrics, ETH, Securities and Exchange Commission, SEC, BlackRock, Standard Chartered, Solana, Arca, Galaxy Locations: U.S, bitcoin, Invesco, Solana
Prophetic opened its bookings for users to test its Halo: a headband that aims to control dreaming. The startup claims the Halo can shoot signals to the user's brain when a wearer enters REM sleep. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The startup claims the model can use ultrasound holograms instead of written prompts to stimulate the prefrontal cortex part of the brain. The Prophetic Halo is retailing for an estimated $2,000.
Persons: , it's, Eric Wollberg, Wollberg, Elon Musk, Musk, Morpheus Organizations: Service, Morpheus, Business, Twitter, MORPHEUS
“I will tell you that the last thing you want is to see multiple law enforcement officials with guns drawn pointing at my parents and thinking that something happened,” the former South Carolina governor told NBC. It’s been in the headlines recently because of a spate of incidents involving public officials. When prominent public officials are victims of swatting, one can’t always prove a cause-and-effect relationship between inflammatory rhetoric posted online or delivered during a speech and a caller’s reckless false emergency call to 911. We need tougher laws to protect public servants, and some states are increasing penalties for perpetrators of swatting. Swatting increases the likeliness of inadvertent harm to the public by the very people whose job it is to protect us.
Persons: Adam Kinzinger, Kinzinger, Tina ”, Tina ’, Nikki Haley, Haley, swatting, Andrew Finch, Finch, , It’s, GOP Florida Sen, Rick Scott, Scott, Anthony Gonzalez, Donald Trump ., Trump, Judge Arthur Engoron, “ TRUMP, Engoron, Jack Smith, Tanya Chutkan, Shenna Bellows, Joe Biden, David, Brennan, I’m, I’d, General Merrick Garland, Katherine Schweit, Nikki Haley’s Organizations: CNN, Republican, House Foreign Affairs, Air National Guard, Adam Kinzinger CNN, Police, Congress, Press, South, NBC, FBI, GOP Florida, swatting, Rep, Anthony Gonzalez of Ohio, Washington Post, New, Trump, Maricopa County Board, Brennan Center for Justice, University of Chicago, Justice Department, The Washington Post, Post Locations: Illinois, Washington, DC, South Carolina, Wichita , Kansas, Anthony Gonzalez of, Ohio, Virginia, toning, New York, Trump, Maine, Arizona, Maricopa, Nevada, The
She said “that if we wanted to win the presidency, we better nominate Joe Biden," Clyburn says, of Emily, who died in the fall of 2019. Political Cartoons View All 253 ImagesAfter less-than-stellar performances in other early states, Biden scored a thundering win in South Carolina four years ago, days after Clyburn announced his support. That backing appeared to have served as an awaited signal for many Black voters in South Carolina that Biden would be the candidate to stand up for their interests. Now, South Carolina Democrats prepare to vote again in a week, serving for this cycle as the party's lead-off primary — a move both Biden and Clyburn supported. The ad begins a statewide run in South Carolina on Monday, and after South Carolina’s Feb. 3 primary, the group plans to air it across the country.
Persons: Joe Biden’s, Jim Clyburn, Biden, , Clyburn, Emily, Joe Biden, she’s, , Meg Kinnard Organizations: COLUMBIA, Associated Press, Country, voters, South Carolina Democrats, Democratic, South Locations: South Carolina, South
Semiconductor stocks are in the trenches of overbought territory. Against this backdrop, CNBC Pro looked looked into the SMH to see which individual chipmakers were also overbought. Nvidia is the most overbought stock on the list with a 14-day RSI reading of 83.91. Broadcom also made the overbought list with a 14-day RSI reading of 71.71. Other chip stocks on the overbought list include sector heavyweight Taiwan Semiconductor and AMD .
Persons: Wolfe, Rob Ginsberg, It's, Nvidia's Organizations: VanEck Semiconductor, Wolfe Research, CNBC, Nvidia, FactSet, Broadcom, Citi, VMware, Taiwan Semiconductor, AMD Locations: U.S
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