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Investopedia
Viking Stock Rises As Analysts Begin Coverage With Bullish Comments
~1.5 mins read

Viking Holdings (VIK) shares gained close to 3% in intraday trading Tuesday after several analysts initiated coverage of the cruise line with bullish comments about its outlook.

Bank of America Securities gave Viking a "buy" rating, with a price objective of $35. The analysts said that the recently listed company was “well-positioned in the industry given its superior returns and unit economics, growth profile, and balance sheet.”

BofA said Viking had a “unique, high-end business model” with daily net per diems of more than $500, better than other cruise lines, other all-inclusive resorts, and publicly traded hotel companies. It added that Viking’s business is predictable, with the average customer itinerary booked 11 months in advance.

JPMorgan rated Viking "overweight," with a price target of $34, and pointed to Viking’s specific customer target of affluent, English-speaking travelers who are 55 years old or older, noting that this age group is the fastest-growing population in the U.S. and holds 70% of all U.S. wealth, according to the investment bank.

JPMorgan analysts said that Viking also controls 51% of the river cruise market, has priority access to 97% of docking locations, and its management has more than 20 years' experience in providing its service. They noted that the company’s educational, destination-first focus, and “One Brand” marketing strategy is driving sustainable customer loyalty and high guest repeat rates.

UBS reportedly issued a "buy" rating and $35 price target for Viking, while Wells Fargo gave it an "overweight" rating along with a $35 price target.

Viking's stock began publicly trading on May 1 after the cruise line held the second-largest U.S. initial public offering (IPO) so far this year behind Amer Sports. Viking shares were nearly 3% higher at $30.48 as of 2:45 p.m. ET Tuesday and up 27% from their IPO price of $24.

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Mariobel55

Naira Appreciates To N1,173.88/$1 On Official Market, Best In Four Months
~0.9 mins read

The Nigerian Naira has appreciated to N1,173.88 per US dollar in the official market, marking its best performance in four months. This recent surge in the Naira's value reflects a positive shift in the country's foreign exchange dynamics, spurred by several key factors.

One of the primary drivers behind this appreciation is the Central Bank of Nigeria's (CBN) strategic interventions aimed at stabilizing the currency. The CBN has implemented policies to attract foreign investments and increase foreign exchange reserves, thereby enhancing the Naira's strength against the dollar. Additionally, recent improvements in global oil prices have bolstered Nigeria's foreign exchange earnings, given the country's heavy reliance on oil exports.

The appreciation also signals a potential boost in investor confidence. A stronger Naira reduces the cost of importing goods and services, which can help tame inflation and lower the cost of living for Nigerians. Furthermore, it may encourage foreign investors to view Nigeria as a more stable and attractive destination for their investments.

This upward trend in the Naira's value comes as a welcome development for the Nigerian economy, which has faced significant challenges in recent years, including high inflation and currency volatility. Sustaining this momentum will require continued prudent economic management and policies that support long-term stability.
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Investopedia
Nvidia Stock Hits Fresh Record High—Here’s Why
~1.5 mins read

Nvidia (NVDA) shares reached a record high during intraday trading Tuesday after reports that Elon Musk told xAI investors that the artificial intelligence (AI) company would build a supercomputer.

The chipmaker's shares were up 6.2% at $1,130.45 as of 2:30 p.m. ET Tuesday after trading as high as $1,149.39 during the session. The stock has more than doubled since the start of the year.

Musk reportedly said that xAI would need 100,000 semiconductors to train and run the supercomputer, which he said will be running by the fall of 2025, according to .

The article said xAI may partner with Oracle (ORCL) to develop the supercomputer. Oracle shares were up about 0.9% at $123.97 as of 2:30 p.m. ET Tuesday.

xAI recently announced its Series B funding round raised $6 billion, which the company said will "be used to take xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies."

The additional funding and the reported new supercomputer could help xAI compete with Microsoft-backed (MSFT) OpenAI. Musk was an early investor in the ChatGPT maker but has since sued OpenAI, alleging that the company's close relationship with Microsoft had caused it to abandon its founding principles. Following the lawsuit's filing, Musk announced that xAI's chatbot, Grok, would be open-source.

Other companies within Nvidia's AI ecosystem and other chipmakers also were trading higher Tuesday, including Advanced Micro Devices (AMD), ON Semiconductor (ON), Arm (ARM), and Micron Technology (MU).

The news comes shortly after Nvidia's blockbuster earnings, which sent shares surging.

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Instablog9ja
Podcast Brouhaha: Rapper Erigga Shad£s Influencer Saida After She Dr+gged Him To H£ll And Back
~0.2 mins read

Rapper Erigga has compared TikTok influencer Saida to a pig, after she dragged him over his opinion about her statement concerning men.

According to him he said that he won’t be dressed in white and roll in the dirt with a pig.

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Instablog9ja
Give Your Blessings, Support To President Tinubu’s Administration — Muhammadu Buhari Appeals To Nigerians
~0.4 mins read

Former President Muhammadu Buhari has urged Nigerians to support the government of President Bola Tinubu.

This was stated in a press statement issued by Garba Shehu, an aide to the former president on Tuesday.

“The former President appealed to all citizens to continue to strengthen the thread of national unity and goodwill.

“He also appealed to them to give their blessings and support to the Tinubu administration so that it can succeed in its efforts to build a Nigeria of our dreams.

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Instablog9ja
American Rapper Meek Mill Reacts To Nigeria’s First Lady, Remi Tinubu’s Comments About The Mode Of Dressing Of Girls Of Nowadays 📹: @arisenewsofficial
~0.3 mins read

American rapper, Meek Mill has admitted that black American men don’t like their ladies emulating celebrities after Nigeria’s First Lady, Remi Tinubu advised ladies not to emulate the dressings of the western world.

He reacted by reiterating that black men don’t like their women imitating the celebrity lifestyle.

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