[ad_1] Image source: Getty Images After an insane 1,882% rise in five years, Nvidia has been an incredible growth stock. I’ve been hunting for shares that could replicate this kind of performance. Here’s one potential contender — down 48% since I first invested — that I’d consider buying at $1 today. Programmable DNA The stock is Ginkgo Bioworks (NYSE: DNA). Since going public in 2021, it has endured a torrid time, falling around 90%. This is a synthetic biology company that engineers cells for its customers. Its automated biofoundry is built on software, laboratory robotics and artificial intelligence (AI). The…
Author: Sanjayananda
[ad_1] Tesla Inc TSLA has decided to reduce the price of its ‘full self-driving’ (FSD) subscription by half to $99 per month. This decision has led Gene Munster, Managing Partner at Deepwater Asset Management, to predict the end of manual driving.What Happened: Tesla has made its self-driving technology more accessible to consumers by halving its subscription price. “Somebody born today is probably never going to drive a car,” Munster stated in an interview with CNBC’s Last Call, suggesting that manual driving could soon become obsolete. This prediction comes in response to Tesla’s latest move, which reflects the company’s confidence in…
[ad_1] On Monday, Cathie Wood-led Ark Invest made significant trades involving Coinbase Global Inc. COIN and NVIDIA Corp. NVDA. The COIN TradeArk Invest decided to offload 3,689 shares of Coinbase from its ARK Next Generation Internet ETF ARKW fund. The value of the sold COIN shares, based on the closing price of $223.41 on Monday, amounts to approximately $824,000.Last week, despite a recent rise in Bitcoin BTC/USD prices, Ark Invest sold a significant amount of Coinbase shares, with back-to-back trades on certain days. The NVDA TradeArk Invest also reduced its stake in NVIDIA Corp. from its ARK Genomic Revolution ETF…
[ad_1] Dogecoin is struggling below the $0.180 resistance zone against the US Dollar. DOGE must stay above the $0.1450 support zone to start a fresh increase. DOGE started a fresh decline below the $0.1750 zone against the US dollar. The price is trading above the $0.1700 level and the 100 simple moving average (4 hours). There is a key contracting forming with support at $0.1540 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could restart its increase unless there is a close below the $0.1450 support. Dogecoin Price Turns Red After struggling to clear…
[ad_1] The UK government is preparing to criminalize the creation of sexually explicit deepfake images.What Happened: The proposed law will prosecute and fine individuals found guilty of creating such deepfakes without consent, irrespective of their intent to share the images. Distributing the images could lead to imprisonment, reported Bloomberg.The Ministry of Justice attributes the rise of deepfake images and videos to rapid advancements in artificial intelligence. The UK has classified violence against women and girls as a national threat, prompting police to prioritize its prevention. This new law forms part of the efforts to curb practices that are increasingly being…
[ad_1] Despite the endorsement of Bitcoin BTC/USD by investment heavyweight BlackRock Inc. BLK, skepticism about the cryptocurrency persists among many finance professionals.What Happened: BlackRock’s acceptance of Bitcoin in 2023 marked a significant shift in the financial industry. However, at a recent Miami event, a number of investment professionals expressed reservations about the digital asset, reported CoinDesk.Mike Green, a portfolio manager at Simplify Asset Management said, “Bitcoin is just an extractive bubble.” Despite his stance, Simplify has launched two Bitcoin-exposed funds to meet client demand.Other companies, including Vanguard and State Street, have yet to offer Bitcoin ETFs to their clients. Goldman…
[ad_1] The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a specific price mark. Bitcoin Bears Beware Of This Price Range According to Rover, the crucial price mark, which is the $71,600 region, is where the $3 billion short liquidation would occur if Bitcoin reclaims it. Rover’s assessment is based on data gathered from CoinGlass,…
[ad_1] Elon Musk, CEO of Tesla Inc. TSLA, is being called upon to clarify the circumstances surrounding the recent layoffs at the company. The move comes in the wake of a challenging period for the electric vehicle giant, with investors seeking reassurances.What Happened: Wedbush analyst Dan Ives has urged Musk to shed light on the decision to lay off 10% of Tesla’s global workforce. This decision follows a quarter that saw a 20% drop in deliveries compared to the previous year, reported Business Insider.High-ranking executives, including Drew Baglino, Tesla’s former senior vice president of powertrain and electrical engineering, and Rohan…
[ad_1] Image source: Getty Images When I scout for new additions to my UK shares portfolio, I gravitate towards market trends. Currently, commodities are in the spotlight. While some, like gold and silver, have already surged, there’s still significant potential in other base metals such as iron ore and copper. One way to tap into a move in a commodity is by searching for mining companies. Rio Tinto (LSE: RIO) operates in 35 countries and has a portfolio consisting of iron ore, copper and aluminium. It trades at 4.5 times forward EBITDA, compared with a sector average of 5.5 times.…
[ad_1] Renowned cryptocurrency analyst Willy Woo has projected that the introduction of Bitcoin ETFs could potentially drive Bitcoin’s BTC/USD price to surpass that of gold.What Happened: In a tweet on Monday, Woo outlined his predictions for Bitcoin’s future performance in light of the recent introduction of Bitcoin ETFs. He suggested that once ETF investors have fully deployed, Bitcoin could reach price targets of $91k at the bear market bottom and $650k at the bull market top. He emphasized that these are conservative estimates and that Bitcoin is likely to exceed gold’s market cap once ETFs have completed their role.See Also:…