Salesforce (NYSE: CRM) is one of the iconic Silicon Valley stocks that dominated the market for much of the last two decades, essentially creating the software-as-a-service (SAAS) category and giving shareholders a 3,500% return since its public debut in 2004. Salesforce's blue-chip status was made official when it was added as a component of the 30-stock Dow Jones Industrial Average in 2020, in what looked like a promising starting point for another decade of stock market dominance. Here are five reasons why Salesforce looks like an attractive investment at these levels. Read More...
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Why Nio, Rivian, and ChargePoint Stocks Are Volatile Today
Instead, investors appeared to be concerned with comments made by Goldman Sachs CEO David Solomon and former Amazon CEO Jeff Bezos about the state of the U.S. economy. The EV industry is just beginning to find its footing, but a widespread economic slowdown in the U.S. and abroad could add to an already turbulent time for high-growth EV companies. As a result, Nio (NYSE: NIO) was down by 9%, Rivian Automotive (NASDAQ: RIVN) fell by as much as 3.4% before bouncing back up by 0.1%, and ChargePoint Holdings (NYSE: CHPT) dropped 3.8% as of 11:49 a.m. ET.
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