Sheryl Sheth

1 week ago | tipranks.com | Sheryl Sheth

A class action lawsuit was filed against Avis Budget Group (CAR) by Levi & Korsinsky on April 24, 2025. The plaintiffs (shareholders) alleged that they bought CAR stock at artificially inflated prices between February 16, 2024 and February 10, 2025 (Class Period) and are now seeking compensation for their financial losses. Investors who bought Avis Budget stock during that period can click here to learn about joining the lawsuit.

1 week ago | blog.tipranks.com | Sheryl Sheth

Chip giant Nvidia ($NVDA) and computer maker Dell Technologies ($DELL) are combining forces to power the Department of Energy’s (DOE) next-generation supercomputer, called Doudna. Named after Nobel Prize-winning scientist Jennifer Doudna, the advanced supercomputer is schedule for launch in 2026. The announcement was made by Secretary of Energy, Chris Wright, at the Lawrence Berkeley National Laboratory yesterday.

1 week ago | tipranks.com | Sheryl Sheth

Analyst Kinngai Chan of Summit Redstone Partners upgraded Nvidia (NVDA) stock to a “Buy” rating from “Hold,” stating that certain risks are already priced into the stock. The upgrade follows the artificial intelligence (AI) chipmaker’s blockbuster Q1FY26 results published yesterday, surpassing both top and bottom-line expectations. Adjusted earnings per share (EPS) of $0.81 easily beat the consensus of $0.74, while sales of $44.06 billion exceeded expectations of $43.33 billion.

1 week ago | tipranks.com | Sheryl Sheth

e.l.f Beauty (ELF) has entered into a definitive agreement to acquire model-turned-entrepreneur Hailey Bieber’s Rhode make-up brand for $1 billion, in a push to diversify its supply chain beyond China. The cash-and-stock deal includes $600 million in cash and $200 million in e.l.f Beauty’s common stock payable upon closing. Additionally, ELF will pay a further $200 million based on Rhode’s growth over the next three years. Following the news, ELF stock popped 3.2% in after-hours trading yesterday.

1 week ago | tipranks.com | Sheryl Sheth

Gene Munster, Managing Partner at Deepwater Asset Management, highlighted three key takeaways that investors should expect from Nvidia’s (NVDA) results for the April quarter and its guidance for the June quarter. Munster particularly highlighted the impact of the recent H20 chip curbs and the potential for artificial intelligence (AI) buildout on Nvidia’s performance.