News Formal

THE FINANCE GHOST: Growth stagnates at Netflix

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Brasil Notícia Notícia

Netflix's rollercoaster ride continues as its stock hit a 52-week high of $485, fueled by the tech industry's AI hype.

Roughly $175 a share. That’s where Netflix bottomed in June 2022, despite having entered 2020 at a much higher level of about $325 a share before the world stayed home and streamed. There are enough sob stories among Netflix investors to justify one of its excellent documentaries. Move aside Drive to Survive, it’s time for Trade While Afraid.

Yet here we are, with a recent 52-week high for Netflix of $485 as exuberance found the US market once more in 2023. The Nasdaq-100 index is up 42% this year vs the S&P 500’s 19% gain. Tech is back with a vengeance, thanks to all the hype around artificial intelligence . That’s the only kind of intelligence that buys some of the stocks at these valuations....

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 20. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

THE FINANCE GHOST: Growth stagnates at NetflixThe streaming giant appears to be winning the password-sharing wars, but advertising efforts and revenue growth are stalling — a worrying sign for excitable investors, writes FinanceGhost.
Fonte: FinancialMail - 🏆 20. / 63 Consulte Mais informação »

PERSONAL FINANCE: How to spot an online scam and avoid becoming the next victimWith cybercriminals becoming more sophisticated, consumers must remain vigilant and take proactive measures to protect themselves.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »

GUEST ESSAY: Apple vs Goldman Sachs – A pending divorce in the land of the giants of finance and technologyThe background to the $3-billion bust-up between Apple and Goldman Sachs – and who’s crying the hardest.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »