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Microsoft looking to boost product sales

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Last Week’s Highlights

Microsoft to implement ads in OS

Microsoft’s ads within Windows devices could boost the company’s sales. Windows 11 has had annual updates since its release, these have been generated with the intention of matching the quality of its competitor’s operating system, mainly Apple’s Mac devices. Within a new trial version of Windows 11, Microsoft advertisements can be found in File Explorer. This could drive users to purchase new products and thus boost its sales, due to the fact that Windows is the most popular operating system and the one that people who are not iOS fans always turn to. 

Nvidia is looking to the future

Nvidia shares soared despite the volatility within the technology sector. According to S&P Global Market Intelligence, the technology stock has risen more than 18% in the last week. This is because after several announcements from different analysts talking about the opportunities that the semiconductor company offers within the metaverse and gaming. According to Matthew Ramsey, an analyst at Cowen, the metaverse could help Nvidia reach $140 billion in annual sales by 2030. For Aaron Rakers, an analyst at Wells Fargo, investors should note that Nvidia could be headed toward earnings per share of $9 to $10 by 2024 due to the company’s product roadmap in gaming and automotive technology. Finally, another Wells Fargo analyst, Christopher Harvey, added Nvidia stock to the bank’s list of “signature picks” following his colleague’s report. Currently, this company’s stock price has risen exponentially.

Coming Up This Week

MGM is now on Amazon’s Prime Video

Last Thursday, Amazon announced the acquisition of MGM for 8.5 billion dollars. This way, the company secured more than 4,000 movies and 17,000 television shows for its streaming platform, Prime Video. This list includes titles such as “James Bond”, “Rocky” and “Robocop”. Surely, these exclusive titles will give the platform an edge over its competition such as Netflix and HBO Max. “MGM has a legacy of nearly a century of producing exceptional entertainment, and we share their commitment to bringing a wide range of original movies and television shows to a global audience,” said Mike Hopkins, the senior vice president of Prime Video and Amazon Studios.

Meta Platforms sued for fraudulent ads

An Australian watchdog sues Meta, owner of Facebook, due to its fraudulent ads. According to information from the Australian Competition & Consumer Commission (ACCC), the ads promoted different types of investment in various money-making schemes, such as cryptocurrencies, and led the public to believe that they were promoted by Australian celebrities. ACCC chairman Rod Sims said, “we are aware of a consumer who lost more than A$650,000 (480,000 USD) due to one of these scams … this is disgraceful.” The lawsuit falls because Meta said that any ads that scammed users violated their policies. According to them, the company uses technology to detect and block such postings. “We will review the ACCC’s recent filing and intend to defend the proceedings,” a Meta spokesperson said.

All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.

Market News

The three main Wall Street indexes closed higher on Friday after the conversation between US President Joe Biden and Chinese Prime Minister, Xi Jinping, took place. Both sides stressed the need for a diplomatic solution to the crisis in the conflict between Russia and Ukraine.

The main North American indexes posted their biggest weekly percentage gains since November 2020. The S&P 500 added 6.2%, the Dow Jones 5.5%, and the Nasdaq Composite 8.2%.

Wild Card

Nio shares have soared more than 25% last week alone.

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