NVIDIA Corp (NASDAQ:NVDA, ETR:NVD)'s recent disclosures regarding its investment strategy, including its historical ties with Arm Holdings PLC (NASDAQ:ARM) and its bullish investment in SoundHound, indicate the company's continued interest in expanding its portfolio and fostering innovation in AI technologies.
As of December 31, 2023, the company held approximately 1.73 million shares of SoundHound, valued at around $3.67 million.
British Gas enjoyed a tenfold increase in pre-tax profit last year on the back of allowances for energy firms to regain losses by charging more through bills.
However, the significant jump, which saw pre-tax profit go from £94 million to £799 million in the space of a year, is unlikely to be repeated in analysts’ views.
Components specialist discoverIE’s half-year numbers showed the first positive the first order growth and positive book-to-bill since September 2022, notes HSBC.
Furthermore, design wins accelerated in the last four months as year-to-date growth reached 25%.
B&Q owner Kingfisher PLC (LSE:KGF) had been upgraded to "Buy", from "Neutral," by analysts at Citi as the American bank’s team expects the DIY market to improve in the coming months.
Citi set a new price target at 258p, up from 210p, suggesting some 14% upside to the retailer’s current price of 226.4p.
FTSE 250-listed genetics company Genus PLC (LSE:GNS) tanked by a fifth on Wednesday morning in response to a profit warning.
In a trading update, Genus said it had “performed resiliently amidst challenging market conditions”, but ABS volumes fell and demand for dairy genetics in China was impacted due to a double-digit decline in the dairy herd.