The Week’s Investing News Roundup: Nvidia, Solana, Passive Income, AI Stocks, and More

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  • The Federal Reserve confirming three rate cuts this year sent the Dow, S&P 500, and gold to record highs. Inflation fell in Canada and the United Kingdom. Japan raised interest rates for the first time in 17 years.
  • Justice Department brought an antitrust suit against Apple. Nvidia’s AI conference unveiled the “world’s most powerful chip” for AI. Micron stock popped on AI-boosted earnings. Cisco completed its acquisition of Splunk. Reddit had its hotly anticipated IPO.
  • Unilever ditched Ben & Jerry’s. Joann filed for bankruptcy. JetBlue cut routes to lower costs. Stellantis partnered with California on clean car standards. United Steelworkers endorsed Biden.
  • Nordstrom may go private. Private equity made a bid for Paramount’s film and TV studios.
  • A lawsuit settlement may shake up the housing market.

Want $20,000 in Passive Income? Invest $50,000 in These Three Dividend Stocks

An investment of $50,000 in Ellington Financial Inc. (NYSE: EFC) and these two other stocks with generous dividends can generate over $20,000 a year in passive income.

Here’s When Nvidia Is Likely to Announce a Stock Split

With shares near $1,000, history says Nvidia Corp. (NASDAQ: NVDA) will split its shares. One question on investors’ minds is just when this stock split will happen. Here are some dates to keep an eye on.

Solana 2030 Price Prediction: Bull, Bear, and Base Forecasts

As with every other cryptocurrency, navigating Solana’s long-term forecasts can be challenging. Here are three perspectives on its long-term outlook: the optimistic bull case, the cautious bear case, and the neutral base case.

Two Stocks Down 50% That Wall Street Thinks Will Double This Year

Over the past year, many companies have seen their shares tumble. However, these two beaten-down stocks could be presenting buying opportunities, as some on Wall Street think that they will roar back with a vengeance.

2 AI Stocks Wall Street Expects to Return Up to 809% in 2024

Is it too late to jump on the artificial intelligence bandwagon? Have all the profits in AI stocks been made? There may still be opportunities to be found, as analysts anticipate huge upside in these two AI stocks.

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