Specifically, consumers are slamming the brakes on the purchase of new PCs and smartphones, which has hit Nvidia's (NASDAQ: NVDA) empire built on the GPU (graphics processing unit) especially hard. During the last quarter, sales from video gaming and other graphics applications were halved compared to a year prior. At the moment, the sale of actual GPUs is still fueling plenty of growth at Nvidia, and a budding software business is beginning to emerge as well. Read More...
Motley Fool
What Would It Take for Block to Double By 2027?
Block (NYSE: SQ), formerly known as Square, reported gross profit of slightly under $1.6 billion in its third quarter of 2022, which ended Sept. 30. Its two major segments, Square and Cash App, both posted remarkable growth amid the softening macro environment. As a result of a strong fundamental performance, like what we saw last quarter, this top fintech stock has seen its price soar by more than 350%, as of Dec. 28, since its initial public offering in November 2015, trouncing the Nasdaq Composite Index.
