Tag Archives: Wall

Last year was a banner year for the so-called “Magnificent Seven” stocks. These industry leaders were among the top performers in the Nasdaq Composite in 2023, helping the tech-centric index push out of its slump and notch gains of 43% for the year. It now sits about 4% below a new all-time high, which will mark the final criteria signaling the arrival of the next Nasdaq Composite bull market. Here’s a breakdown of how the group performed in 2023:

• Nvidia(NASDAQ: NVDA): Up 239%
• Meta Platforms: Up 194%
• Tesla(NASDAQ: TSLA): Up 102%
• Amazon(NASDAQ: AMZN): Up 81%
• Alphabet: Up 58%
• Microsoft: Up 57%
• Apple: Up 48%

Despite these average-busting performances, some believe additional upside remains. In fact, a trio of Wall Street analysts suggest that three of these stocks still have upside potential of…

After fourteen months, Google has decided it doesn’t want to be a game company anymore. Where once it had its own cloud-based console, controller, and the promise of homegrown triple-A games, it no longer wants to build its own games as of today.

And though a Google spokesperson emphasizes that the company continues to “remain committed to Stadia as a platform,” it’s looking increasingly likely that platform won’t be a service where you sign up with Google to buy and rent cloud games.

Stadia boss Phil Harrison announced that Google was shutting down the company’s game studios in a memo today, and I think the exact wording of that memo is extremely telling. Go read it for yourself. I’ll wait.

Back? Good. Did you see the part about how Stadia is now a platform for…