SoFi Technologies’ stock dipped Monday (May 15) after an analyst said its accounting may overstate its capital. Wedbush Managing Director, Equity Research David Chiaverini cut SoFi to underperform and said its accounting practices may come under scrutiny as regulators focus on capital ratios and stress testing after recent...
Wedbush Analyst Dan Ives said that upcoming 5G iPhones from Apple will keep the stock in a “supercycle,” raising the stock price to $350, which is 25 percent higher than Friday’s (Dec. 20) closing at $279, according to CNBC. Apple shares have risen about 80...
May 12, 2024
Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking Alpha, citing research by Wedbush. As the report notes, it’s a dramatic jump in AI spending, which last year accounted for under 1% of IT spending. “While the first wave of […]
May 15, 2023
SoFi Technologies’ stock dipped Monday (May 15) after an analyst said its accounting may overstate its capital. Wedbush Managing Director, Equity Research David Chiaverini cut SoFi to underperform and said its accounting practices...
December 23, 2019
Wedbush Analyst Dan Ives said that upcoming 5G iPhones from Apple will keep the stock in a “supercycle,” raising the stock price to $350, which is 25 percent higher than...
