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Business, Stocks

“Nvidia earnings [Up,] scare away AMD, Intel investors as legacy chipmakers lose ground in AI

“Developers in the world of artificial intelligence can’t get enough of Nvidia’s processors. Demand is so strong that the company said late Wednesday that revenue in the current quarter will jump 170% to roughly $16 billion. Nvidia shares rose more than 2% on Thursday before slumping… Continue Reading…

Business, Stocks

“Legacy Reserves files for bankruptcy”

“Legacy Reserves (LGCY -12.8%) expects there will be no recovery for shareholders as it files for Chapter 11 bankruptcy, as expected, to facilitate its previously negotiated financial restructuring. LGCY’s largest investor, Baines Creek Capital, recently launched a proxy fight to replace the… Continue Reading…

Banking, Stocks

“Legacy Reserves to file for bankruptcy…”

” Legacy Reserves Inc.’s stock LGCY, -16.33% plunged 42% in active premarket trade Tuesday, after the oil and gas company said it expects to file for bankruptcy, in an effort to facilitate the implementation of a restructuring agreement with its lenders. Trading volume… Continue Reading…