Stocks Analysis by The Tokenist (Timothy Fries) covering: Amazon.com Inc, NVIDIA Corporation, International Paper, Netflix Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
) confirmed layoffs on Monday affecting hundreds of employees, and the permanent closure of facilities in Missouri, Tennessee, North Carolina and Illinois.
This is in line with Nvidia’s 168% year-over-year net income increase to $16.6 billion in the last quarter. But is there room for equally rapid growth moving forward? In October’s investor presentation, Nvidia posits that “the entire computing stack has been reinvented”. This is not surprising as the company adopted Apple’s approach of massive stock buybacks. In February this year, Meta authorized an additional $50 billion in share repurchases, following the $30.93 billion executed by December 2023. This was also Meta’s first dividend issuance at $0.50 quarterly , incentivizing META shareholders to keep holding.
Although Meta’s revenue growth is slower than Nvidia’s, at 22% YoY, it is clear that the company will continue to cut personnel expenses. After all, X paved the road for this trend when Elon Musk layed off 80% of the workforce, without it impacting the app’s functionality. Consequently, investors are likely to see a NFLX dip in the coming months, but this shouldn’t distract from the company’s strong fundamentals and cornering of the streaming market, pulling ahead of Amazon (NASDAQ:
NVIDIA Corporation International Paper Netflix Inc
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix: Subscriber Growth, Ad-Tier Expansion Set to Propel Stock Higher?Stocks Analysis by The Tokenist (Timothy Fries) covering: Netflix Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Intel Struggles With 37% One Year Stock Decline Amid Layoffs and ScrutinyStocks Analysis by The Tokenist (Timothy Fries) covering: Intel Corporation, Qualcomm Incorporated, NVIDIA Corporation, Advanced Micro Devices Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
3 Stocks With Heavy Short Interest in October: Worth the Squeeze?Stocks Analysis by The Tokenist (Timothy Fries) covering: Children’s Place Inc, CompoSecure Inc, CN Energy Group Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
3 Stocks Insiders Are Buying Heavily in October and WhyStocks Analysis by The Tokenist (Timothy Fries) covering: AngioDynamics Inc, Tile Shop Holdings Inc, Eton Pharmaceuticals Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Adobe's New AI Video Tool Bodes Well for the StockStocks Analysis by The Tokenist (Timothy Fries) covering: Adobe Systems Incorporated. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »
Tesla Plus 2 More Stocks Worth Holding in the Upcoming Holiday SeasonStocks Analysis by The Tokenist (Timothy Fries) covering: Best Buy Co Inc, Tesla Inc, Wayfair Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Read more »