Latest news with #Jeffries
Yahoo
20 hours ago
- Business
- Yahoo
Why Unity Software Stock Skyrocketed This Week
Unity stock got a big boost from bullish analyst coverage this week. Solid gains for the broader market also helped lift Unity's share price. Jeffries is seeing signs that Unity's AI-powered digital-advertising platform could power a comeback for the company. 10 stocks we like better than Unity Software › Unity Software (NYSE: U) stock closed out last week's trading with big gains thanks to bullish coverage from an analyst. The company's share price ended this Friday's trading up 25.7% from the previous week's market close. On Friday, Jeffries published new coverage on Unity and upgraded its rating on the stock from hold to buy. Unity's share price also got a boost from bullish momentum for the broader market over last week's trading. The S&P 500 index ended the week up 1.9%. Jeffries released a new note on Unity stock before the market opened on Friday, upgrading its rating on the stock to buy and raising its one-year price target from $22 per share to $29 per share. The investment firm sees signs that Unity's new Vector digital advertising is gaining traction and will help accelerate a turnaround for the business. Vector is using artificial intelligence (AI) to provide better ad targeting for games and applications built on Unity's development platform, and the company is positioning the new software as a key pillar of its comeback strategy. On the one hand, Unity is still in the relatively early stages of its turnaround effort, and the company could continue to see soft sales performance this year as it rolls out Vector and transitions customers to the platform. On the other hand, Jeffries thinks Vector will help power accelerating sales growth next year and beyond. If the new software helps reposition the company as a stronger player in the app advertising market, Unity stock could climb well above current levels. It's too early to say whether that will be the case, but the stock could deliver big upside for risk-tolerant investors. Before you buy stock in Unity Software, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Unity Software wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Keith Noonan has positions in Unity Software. The Motley Fool has positions in and recommends Unity Software. The Motley Fool has a disclosure policy. Why Unity Software Stock Skyrocketed This Week was originally published by The Motley Fool 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
Globe and Mail
4 days ago
- Business
- Globe and Mail
Is Nvidia a Millionaire-Maker Stock?
Over the last few decades, the American technology sector has made boatloads of millionaires -- not only for founders and CEOs, but also for the thousands of regular people who work at these companies or buy their stock. With shares up by over 23,000% over the last decade, Nvidia (NASDAQ: NVDA) is the quintessential example of this phenomenon. But as we all know, past performance doesn't guarantee future returns. And with a market cap of $3.2 trillion, Nvidia is already one of the largest companies on Earth, giving it less room to grow. Let's dig deeper to see what the future might bring for this legendary chipmaker. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Is AI becoming mainstream? While Nvidia started its life focusing on consumer video game graphics and cryptocurrency mining, both of those once-core operations have become totally overshadowed by generative AI. As of the fourth quarter, the data center segment (where Nvidia accounts for sales of cutting-edge AI chips) represented a jaw-dropping 91% of its $39.3 billion in sales for the period. This level of concentration means that a large portion of Nvidia's valuation is tied to the prospects of this one industry. If AI tech exceeds expectations, so will Nvidia. But if the sector falls flat, well -- you know the drill. Right now, it still feels too early to know how things will play out. Analysts at Jeffries seem wildly optimistic. Their research suggests that three-quarters of businesses already use generative AI in at least one function, and they expect it to drive $1.1 trillion in revenue by 2028. But investors shouldn't necessarily take these projections at face value. Even if AI becomes a part of mainstream life, there is no guarantee that big profits will follow. And this puts Nvidia's clients in a tough spot. AI companies are burning through money. Despite the hype, generative AI remains wildly unprofitable. While giants like Alphabet and Meta Platforms can hide their AI losses within their vast research and development budgets, the scale of the problem is much clearer with pure-play AI companies like OpenAI, the maker of ChatGPT. The Economist reports that while the start-up's 2024 revenue tripled to $3.7 billion, losses ballooned to $5 billion. And while OpenAI's management believes it can achieve $12 billion in cash flow by 2029, this is far from guaranteed due to the intense competition in the industry. Chinese open-source rival DeepSeek shows that competitive AI models can be created (arguably) at a fraction of the cost of their U.S. counterparts, which means early leaders may not have much of an economic moat, especially when the technology matures and the rate of model improvement slows. If profit potential shrinks, so will the market for Nvidia's expensive hardware. Nvidia will also face challenges on the hardware side of the industry as companies seek to diversify their supply chains. In April, the Trump administration effectively banned the company from selling its h20 chips to Chinese clients. While Nvidia has already started work on a new compliant chip, it is unclear if Chinese companies will be willing to build their businesses around Nvidia hardware, given the unpredictability of U.S. regulations. Rivals like Huawei are working to take market share. The easy money has already been made Nvidia is a big player in a potentially transformational industry, so there is little doubt it can continue to outperform the market over the long term (even though there will be short-term volatility). That said, the easy money has already been made. New investors shouldn't expect this legendary chipmaker to repeat the multibagger returns it enjoyed over the previous decades. You can attribute the slower progress to the challenging dynamics on both the software and hardware sides of the AI industry. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor 's total average return is957% — a market-crushing outperformance compared to167%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.
Yahoo
4 days ago
- Business
- Yahoo
Is Nvidia a Millionaire-Maker Stock?
Shares in Nvidia have soared over the past decades. But can the momentum continue? Artificial intelligence (AI) tech is maturing, but its long-term viability remains unclear. 10 stocks we like better than Nvidia › Over the last few decades, the American technology sector has made boatloads of millionaires -- not only for founders and CEOs, but also for the thousands of regular people who work at these companies or buy their stock. With shares up by over 23,000% over the last decade, Nvidia (NASDAQ: NVDA) is the quintessential example of this phenomenon. But as we all know, past performance doesn't guarantee future returns. And with a market cap of $3.2 trillion, Nvidia is already one of the largest companies on Earth, giving it less room to grow. Let's dig deeper to see what the future might bring for this legendary chipmaker. While Nvidia started its life focusing on consumer video game graphics and cryptocurrency mining, both of those once-core operations have become totally overshadowed by generative AI. As of the fourth quarter, the data center segment (where Nvidia accounts for sales of cutting-edge AI chips) represented a jaw-dropping 91% of its $39.3 billion in sales for the period. This level of concentration means that a large portion of Nvidia's valuation is tied to the prospects of this one industry. If AI tech exceeds expectations, so will Nvidia. But if the sector falls flat, well -- you know the drill. Right now, it still feels too early to know how things will play out. Analysts at Jeffries seem wildly optimistic. Their research suggests that three-quarters of businesses already use generative AI in at least one function, and they expect it to drive $1.1 trillion in revenue by 2028. But investors shouldn't necessarily take these projections at face value. Even if AI becomes a part of mainstream life, there is no guarantee that big profits will follow. And this puts Nvidia's clients in a tough spot. Despite the hype, generative AI remains wildly unprofitable. While giants like Alphabet and Meta Platforms can hide their AI losses within their vast research and development budgets, the scale of the problem is much clearer with pure-play AI companies like OpenAI, the maker of ChatGPT. The Economist reports that while the start-up's 2024 revenue tripled to $3.7 billion, losses ballooned to $5 billion. And while OpenAI's management believes it can achieve $12 billion in cash flow by 2029, this is far from guaranteed due to the intense competition in the industry. Chinese open-source rival DeepSeek shows that competitive AI models can be created (arguably) at a fraction of the cost of their U.S. counterparts, which means early leaders may not have much of an economic moat, especially when the technology matures and the rate of model improvement slows. If profit potential shrinks, so will the market for Nvidia's expensive hardware. Nvidia will also face challenges on the hardware side of the industry as companies seek to diversify their supply chains. In April, the Trump administration effectively banned the company from selling its h20 chips to Chinese clients. While Nvidia has already started work on a new compliant chip, it is unclear if Chinese companies will be willing to build their businesses around Nvidia hardware, given the unpredictability of U.S. regulations. Rivals like Huawei are working to take market share. Nvidia is a big player in a potentially transformational industry, so there is little doubt it can continue to outperform the market over the long term (even though there will be short-term volatility). That said, the easy money has already been made. New investors shouldn't expect this legendary chipmaker to repeat the multibagger returns it enjoyed over the previous decades. You can attribute the slower progress to the challenging dynamics on both the software and hardware sides of the AI industry. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy. Is Nvidia a Millionaire-Maker Stock? was originally published by The Motley Fool 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
5 days ago
- Business
- Yahoo
Jefferies Downgrades Prothena Corporation (PRTA) After Negative Trial Results
On May 27, Jefferies downgraded Prothena Corporation plc (NASDAQ:PRTA) to Hold from Buy and slashed the price target to $6 from $32. The considerable price target reduction followed the company's announcement regarding the discontinuation of its Phase 3 AFFIRM-AL clinical trial for Birtamimab in AL Amyloidosis patients, as it could not meet the primary and secondary endpoints. A biopharmaceutical research lab with a team of scientists working on immunomodulatory therapies. The analyst told investors in a research note that Prothena Corporation's (NASDAQ:PRTA) Phase III study in light-chain amyloidosis has failed for the second time, which is why it is discontinuing the study and reducing opex related to birtamimab. While more updates are expected in June, the next investor focus is on PRX-012 Phase I/II for Alzheimer's. Data for PRX-012 Phase I/II is expected to roll out by August. However, Jeffries expressed caution regarding the results, as they may not show significant efficacy. Prothena Corporation (NASDAQ:PRTA) is a clinical-stage neuroscience company that discovers and develops novel therapies for serious diseases. Its clinical pipeline includes both partnered and wholly owned therapies for AL amyloidosis, Alzheimer's disease, ATTR amyloidosis, Parkinson's disease, and other neurodegenerative diseases. While we acknowledge the potential of TGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TGT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Yahoo
6 days ago
- Politics
- Yahoo
Ex-Rep. Charlie Rangel, fixture on Capitol Hill for nearly half a century, dead at 94
Former New York City Congressman Charlie Rangel, a fixture on Capitol Hill and Democratic power player for nearly half a century, died Monday. He was 94. Rangel, 94, was a Harlem political institution who spent his life in public service, from the Korean War to becoming the first African American to chair the influential House Ways and Means Committee. His influence can still be felt today, said House Minority Leader Hakeem Jeffries, who sits atop the Empire State's political delegation in the House – a role long held by Rangel himself. 'The Lion of Lenox Ave was a transformational force of nature,' Jeffries wrote on X. 'Harlem, NYC & America are better today because of his service. 'May he forever rest in power,' Jeffries said. Rangel was first elected to Congress in 1970 after challenging civil-rights leader Adam Clayton Powell Jr. for his seat. During his tenure, Rangel was part of the Gang of Four, a legendary political coalition from Harlem. The four — Rangel, former Mayor David Dinkins, former Manhattan Borough President Percy Sutton and former state Sen. Basil Paterson — were a powerful political force centered in Upper Manhattan for years. The City College of New York in Harlem — which named its school of public service after Rangel — posted a statement online announcing Rangel's death on Memorial Day and deeming him a champion for his Big Apple constituents. 'He served for 23 terms in the House of Representatives and was cited as the most effective lawmaker in Congress, leading all of his colleagues in passing legislation,' the statement said. In another online tribute, Big Apple businessman and supermarket magnate John Catsimatidis called Rangel 'a symbol of Harlem, a fighter for justice, a skilled diplomat. 'We knew each other for more than 50 years,' Catsimatidis said. 'Charlie was a Harlem youth. You couldn't walk down a street without someone calling his name.' Still, Rangel's illustrious career was tarnished by an ethics scandal and accusations first reported by The Post. Rangel had owned a beachfront village in a sunny Dominican Republic resort but failed to report his income from it. The Post's exposé included an infamous front-page photo of Rangel sleepily basking in the sun on the beach property. A House panel convicted Rangel on ethics charges after a two-year investigation found he repeatedly broke rules, dodged taxes, concealed assets and misused his position to raise money for the City College center that bears his name. Despite Rangel's pleas for leniency, his House colleagues overwhelmingly voted to censure him – a rare step only taken 28 times in the legislative body's more than 200-year history. The move involves a public vote of condemnation by the chamber, although those censured keep all of their powers as House members. Rangel eventually retired from Congress in 2017. Mayor Eric Adams on Monday joined the flood of tributes for Rangel, calling him 'one of our city's greatest elected leaders. 'I am so sad to lose a dear friend and exemplary model of devotion and courage,' Adams said in a statement. 'My prayers are with his family, Harlem, and all who knew him.' Former Gov. Andrew Cuomo, who is gunning for Adams' job, characterized Rangel as a 'giant in every sense. 'He taught me that leadership is about lifting others up, and in the face of injustice, you don't flinch, you don't fold — you fight,' the pugilistic Cuomo said in a statement. State Sen. Cordell Cleare (D-Harlem) noted the Korean War vet Rangel's oft-repeated mantra that he 'never had a bad day since the war. 'His passing today, on Memorial Day, at 5 a.m., is both poignant and painful and yet somewhat befitting in a historical way,' Cleare said in a statement. 'Charlie was a brave soldier in the U.S. Army during the Korean War, earning a Purple Star and a Bronze Star for his fearless achievements, such as saving fellow soldiers. This would have been his day.' Even some New York leaders who had at best complicated relationships with Rangel chimed in with praise. The Rev. Al Sharpton – who, as with Rangel, was arrested in 1999 while protesting the police shooting of Amadou Diallo – often found himself at political cross purposes to the Harlem legislator. But Monday, he praised Rangel as an 'unshakable force in American politics.' 'I first met Charlie as a teenager, and for over fifty years, he remained a constant presence in my life and in the fight for our community,' Sharpton said in a statement. – Additional reporting by Vaughn Golden
