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The Sigma Healthcare Ltd (ASX: SIG) share price is pushing higher on Friday. This comes after the company provided an update on the current proposal to merge with Australian Pharmaceutical Industries Ltd (ASX: API).

At the time of writing, Sigma shares are fetching for 56 cents apiece, up 2.75%.

Sigma pulls out of API bidding war

In today’s statement, Sigma advised that it has decided not to proceed with the merger proposal of API. It’s worth noting that this leaves the door open for Wesfarmers Ltd (ASX: WES) to secure its bid.

In late September, the company submitted a non-binding proposal, offering $1.57 per share to acquire 100% of API. Essentially, this valued the pharmaceutical chain at around $773 million.

The mostly-scrip offer would have seen API shareholders walk away with 35 cents cash and 2.05 Sigma shares for every API share owned.

The Sigma board noted that $45 million worth of annual synergies could be created if the deal went through.

Sigma chair, Ray Gunston touched on the merger proposal, saying:

Sigma believed it made economic, commercial and strategic sense to pursue the merger proposal between Sigma and API on the terms we presented. However, after further assessment, and in the context of the competitive bid process with its changing transaction and economic considerations, Sigma has made the decision not to proceed with this current proposal.

Mr Gunston went on to talk about the company’s future, adding:

Sigma remains confident of our growth prospects without a merger with API and the Board and management have continued to focus on longer term growth in our core operations. The Sigma team will keep on working to finalise the completion of our infrastructure upgrade, including our ERP project, and to remain focused on leveraging our infrastructure to create greater shareholder value.

Review on the Sigma share price

Over the last 12 months, Sigma shares have traversed mostly sideways with a few hiccups along the way. Its shares are up just around 5% over the period but are down more than 10% when looking at year-to-date.

Based on today’s price, Sigma presides a market capitalisation of roughly $577.31 million, with approximately 1.06 billion shares outstanding.

The post Sigma (ASX:SIG) share price edges higher on API merger proposal update appeared first on The Motley Fool Australia.

More reading

• What’s going on with the Wesfarmers (ASX:WES) API takeover bid?
• Wesfarmers (ASX:WES) share price dips as API battle heats up
• Wesfarmers (ASX:WES) share price struggles amid latest API speculations

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The AIC Mines Ltd (ASX: A1M) share price has returned from its lengthy suspension on Friday and is rocketing higher.

At the time of writing, the copper miner’s shares are up 60% to 36 cents.

Why is the AIC Mines share price rocketing higher?

This morning the AIC Mines share price returned to trade for the first time since August after completing a $40 million capital raising.

AIC Mines’ shares were suspended in August whilst it sought approval for mining investment company FMR to acquire a 28% to 30% interest in the company as part of a related deal.

Under section 606 of the Corporations Act, unless an exception applies, an entity is prohibited from acquiring a greater than 20% interest in the voting shares of a listed company without making a takeover offer.

However, one of the exceptions is for the transaction to be approved by shareholders. That approval was duly granted at a shareholder meeting late last month after 99.91% of votes were cast in favour of the resolution.

Why did AIC Mines raise $40 million?

AIC Mines raised $40 million at 25 cents per new share in order to fund the acquisition of the Eloise Copper Mine from FMR.

Management believes the deal heralds a new and exciting stage for the company. It notes that it creates a new growth-oriented ASX-listed copper mining company with strong free cashflow and the ability to add value through exploration success, resource growth, operational reliability, and regional consolidation.

AIC’s Managing Director, Aaron Colleran, commented: “Considerable effort has gone into completing the Eloise transaction and I am very thankful for the herculean efforts of both the AIC and FMR employees who have assisted with the completion process and ownership transition. The opportunity ahead of us is very exciting.”

“We can now turn our attention to capturing the potential which we believe exists at Eloise. AIC’s exploration strategy for Eloise will focus on both extensions to the known resource areas and the discovery of new satellite lodes within the Eloise tenements. There is clear potential to extend the mine life well beyond five years,” he added.

The post Why the AIC Mines (ASX:A1M) share price is rocketing 60% higher today appeared first on The Motley Fool Australia.

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• Woodside (ASX:WPL) share price slides following mixed reserve update
• Antisense Therapeutics (ASX:ANP) share price tumbles 8% amid capital raise
• Green Technology Metals (ASX:GT1) shares are about to hit the market. Here’s what you should know
• BetaShares Crypto Innovators ETF (ASX:CRYP) breaks opening day records…now what?
• Why the Link (ASX:LNK) share price is surging 12% higher today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Woodside Petroleum Limited (ASX: WPL) share price is in the red in late morning trade, down 1.6% to $22.61 per share.

This comes as the S&P/ASX 200 Index (ASX: XJO) is marching higher, up 0.5% at the time of writing. And Woodside’s share price doesn’t look to be getting much reprieve from its oil and gas reserve update, released this morning.

What reserve update was reported?

The company’s announcement that the 1P total reserves and resource estimates across the Greater Pluto region have increased hasn’t boosted the Woodside share price this morning.

According to the release, the 1P total reserves at Pluto, located offshore in Western Australia, increased by approximately 10% following a just-completed review. 1P refers to proven reserves.

Investors may be focused on the 2P total reserves, which include both proven and probable reserves. Following the review, the 2P total reserves decreased by approximately 10%.

Woodside’s CEO Meg O’Neill said:

The 4D seismic survey undertaken in 2020, together with the performance of the wells in these fields, has enabled us to narrow the 1P and 2P reserves range.

The Greater Pluto region is a significant and valuable resource for Woodside. Having already produced more than 440 million barrels of oil equivalent from the Pluto and Xena reserves since start-up in 2012, the Greater Pluto region has 2P total reserves of approximately 360 million barrels of oil equivalent for production in the years ahead.

The Woodside share price, along with the other ASX 200 energy shares, has also come under some pressure this week as oil prices edged lower.

Following a strong run higher, which saw Brent crude still trading for US$84.71 per barrel on Monday, Brent is currently trading at US$80.54.

The 5%, 5-day drop in the benchmark oil price has seen the Woodside share price fall 2.7% since Monday.

Woodside share price snapshot

Despite this week’s retrace, the Woodside share price remains up 23% over the past 12 months. That just beats the 22% gains posted by the ASX 200 in that same time.

Over the past month, Woodside shares are down 10%.

The post Woodside (ASX: WPL) share price slides following mixed reserve update appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Friday
• Why is the Woodside (ASX:WPL) share price slipping and sliding today?
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• 2 more of the best ASX shares to buy in November according to this top broker
• 5 things to watch on the ASX 200 on Wednesday

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in Antisense Therapeutics Limited (ASX: ANP) are tumbling today following a heavily oversubscribed placement.

At the time of writing, the Antisense share price is trading at 22 cents, down 8.33%. This means that its shares have now fallen more than 20% in the past week alone.

What’s driving Antisense shares lower?

A catalyst for today’s fall in Antisense shares is that investors may be concerned about an impending share dilution.

According to its release, Antisense advised that both institutional and sophisticated investors took part in the placement. The firm commitments received will raise $20 million for the company through the issuance of around 83.33 million ordinary shares.

The offer price will be listed at 24 cents apiece and includes one free attaching unlisted option with every 2 shares subscribed. The strike price of the exercisable option will be at a price of 48 cents for each share applied. These options will have an expiry date on the earlier of either 20 December 2024 or 20 business days after the acceleration trigger date.

The board noted that many of the company’s shareholders did not have the opportunity to participate in the offer. As such, an entitlement offer has been put forward which will enable eligible shareholders to apply for 1 new share for every 9.4 existing shares owned.

The issue price is also listed at 24 cents per new share whilst also receiving one free unlisted option for every 2 new shares issued. This is expected to raise an additional $16.8 million for the company.

Funds collected from the placement will be allocated towards covering a number of costs for the ATL1102 Phase IIb/III clinical study. The clinical trial will run for 52-weeks and will be assessed for muscle strength among a number of participants.

About the Antisense share price

It’s been a wild ride for Antisense shareholders, with the company’s shares accelerating by almost 80% year to date. Looking at a longer time frame, the Antisense share price is up around 140% since this time last year.

Based on today’s price, Antisense presides a market capitalisation of around $137.87 million, with approximately 574 million shares outstanding.

The post Antisense Therapeutics (ASX:ANP) share price tumbles 6% amid capital raise appeared first on The Motley Fool Australia.

More reading

• Here’s why the Antisense Therapeutics (ASX:ANP) share price has plummeted 19% on Monday

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ASX is readying itself to welcome a new face today. Shares in Green Technology Metals Limited (ASX: GT1) are set to hit the market at midday AEDT.

The lithium explorer and developer is focused on its lithium-prospective Seymour Lake Project, Root Lake Project, and Wisa Lake Project. All the company’s projects are prospective for lithium and located in Ontario, Canada.

Plenty of eyes will be on Green Technology Metals to see how its share price performs following its initial public offering (IPO).

Let’s take a closer look at what interested market watchers need to know ahead of Green Technology Metal’s float.

Green Technology shares set to debut on the ASX

The ASX’s soon-to-be newest lithium share is readying to hit the market with an expected market capitalisation of between approximately $43 million and $45 million.

That’s on the assumption it will be trading at around its offer price of 25 cents per share.

Following Green Technology Metal’s $24 million prospectus’ offer, it will have up to 197.5 million shares outstanding.

The company had hoped to raise between $20 million and 24 million through its IPO process.

The funds raised through Green Technology Metals’ float will go towards its 3 lithium-prospective projects and their exploration. The raised funds will also help pay the offer’s costs and provide working capital.

Right now, Green Technology Metals has a 51% holding in its 3 projects. The other 49% is owned by Ardiden Ltd (ASX: ADV). The projects will be run by a joint venture between the 2 companies.

According to Ardiden, Green Technology has previously paid it $1.5 million to begin the joint venture. Additionally, as part of Green Technology’s float, it provided Ardiden with 9 million Green Technology shares and $1.75 million of cash.

The company now has 12 months to provide Ardiden with another $3.5 million with either cash or scrip. If it provides both tranches of shares and cash considerations, it will earn another 29% of the projects. Thus, Green Technology has the option to earn an 80% hold in its Seymour, Root, and Wisa projects.

The post Green Technology Metals (ASX:GT1) shares are about to hit the market. Here’s what you should know appeared first on The Motley Fool Australia.

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• Antisense Therapeutics (ASX:ANP) share price tumbles 6% amid capital raise
• BetaShares Crypto Innovators ETF (ASX:CRYP) breaks opening day records…now what?
• Why the Link (ASX:LNK) share price is surging 12% higher today
• 5 ASX shares in an obscure but booming sector
• Christmas is coming, but is the Coles (ASX:COL) share price already overstuffed?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The BetaShares Crypto Innovators ETF (ASX: CRYP) didn’t disappoint on its first day of trading yesterday.

In fact, it saw a record amount of trades within minutes of the opening bell. And strong investor demand kept that going through the day.

We’ll get to those figures in a tick.

But first…

What does the ASX crypto ETF invest in?

The exchange-traded fund (ETF) is the first to give Aussie investors exposure to a range of crypto-related assets via the ASX.

But BetaShares Crypto Innovators ETF doesn’t invest directly in cryptocurrencies like Bitcoin (CRYTPO: BTC) or Ethereum (CRYPTO: ETH).

Instead, it offers investors exposure to a range of crypto mining and blockchain-related companies.

BetaShares’ website says its crypto ETF will hold up to 50 such assets. Currently it lists 32.

Its top holdings, as of this morning, are:

• Silvergate Capital Corp (12.3%),
• Marathon Digital Holdings Inc (12.1%),
• Galaxy Digital Holdings Ltd (11.6%), and
• Coinbase Global Inc (10.1%).

As we cautioned yesterday, investing in this crypto ETF isn’t for everyone.

As with the high volatility witnessed with crypto prices, so too can investors expect some big ups and downs among the companies that are closely tied to these cryptos’ performances. BetaShares cautions on its website that, “CRYP should be considered very high risk”.

What records did the ETF set, and what’s next?

Just 15 minutes after trade opened yesterday, the first ASX crypto ETF saw $8 million worth of trades.

That broke the previous record for first-day volume, set by the Hyperion Global Growth Companies (ASX: HYGG) fund in March this year.

The crypto ETF ended the day with net buys of $39.7 million.

BetaShares CEO Alex Vynokur said:

Investor demand for exposure to the digital assets theme is considerable as evidenced by the record investor interest in the BetaShares Crypto Innovators ETF. Following the successful launch of CRYP, we are looking forward to building out a range of ETFs providing Australian investors a broad range of exposures to the digital assets ecosystem, including the expected launch of the 1BTC and 1ETH ETFs, which will provide access to the performance of the spot prices of Bitcoin and Ethereum.

While ASX investors will need to wait a while yet for a Bitcoin or Ethereum ETF, clearly there’s plenty of appetite for the newly launched fund.

The post BetaShares Crypto Innovators ETF (ASX:CRYP) breaks opening day records…now what? appeared first on The Motley Fool Australia.

More reading

• Why the Link (ASX:LNK) share price is surging 12% higher today
• 5 ASX shares in an obscure but booming sector
• Christmas is coming, but is the Coles (ASX:COL) share price already overstuffed?
• Own ASX BNPL shares? These were the best performers during October
• Why Nvidia stock rocketed higher on Thursday

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Link Administration Holdings Ltd (ASX: LNK) share price is surging higher on Friday and is the best performer on the S&P/ASX 200 Index (ASX: XJO) by some distance.

In morning trade, the administration services company’s shares are up 12% to $4.87.

Why is the Link share price surging higher?

Investors have been bidding the Link share price higher today after it received a takeover approach from private equity firm, Carlyle Group.

The private equity firm, courtesy of its Carlyle Asia Partners business, has tabled a conditional, non-binding indicative proposal to acquire Link for $5.38 per share. This comprises $3.00 cash per share and a pro rata distribution of Link’s shareholding in PEXA Group Limited (ASX: PXA) valued at $2.38 per share.

Link owns a 42.77% stake in digital property settlement platform provider, PEXA.

And while today’s offer represents a premium of 24.2% to the Link share price at Thursday’s close, it is lower than previous takeover proposals.

For example, this isn’t the first time that Carlyle has made a play for Link. The private equity firm was part of a consortium aiming to acquire the company for $5.40 per share last year. It eventually withdrew its offer after SS&C Technology made a higher offer of $5.65 per share.

In addition, it is worth noting that Link has since bought back ~$101.7 million worth of its shares as part of a $150 million buyback program. That buyback has now been suspended following the Carlyle approach.

What’s next?

The Link Board advised that it intends to consider the proposal but no due diligence has been granted to Carlyle as of yet.

It also notes that the proposal remains subject to a number of conditions and has warned shareholders not to take action in relation to the proposal.

Judging by how far away from the offer price the Link share price is trading today, it appears as though the market has a few doubts that a deal will be ultimately done.

The post Why the Link (ASX:LNK) share price is surging 12% higher today appeared first on The Motley Fool Australia.

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• Why the Link (ASX:LNK) share price could rocket higher today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Link Administration Holdings Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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A sector that ASX share investors are not paying much attention to is set to boom.

PwC’s Entertainment and Media Outlook report has predicted that revenue from interactive games and esports will reach $4.9 billion by 2025, up from $3.4 billion last year.

That’s a 44% increase in just 4 years.

“COVID-19 created an increase in gaming interest, both from new audiences and those Australians seeking an alternative form of entertainment, alleviating boredom and loneliness during lockdown,” stated the report.

“With major sporting events cancelled or postponed during 2020, interactive gaming and esports filled a void for consumers as a way to stay socially connected to their communities through competitive entertainment.”

Tax incentives galore for games industry

Growth for gaming is also being supercharged with recently announced government tax incentives for the nascent industry. 

The federal government is offering a 30% tax offset from July next year, and state governments are putting in their own discounts to attract the best businesses.

Privately held games developer Gameloft Brisbane will now double its staff numbers.

“We have been waiting for this news, we are going to double our Brisbane operation from 40 to 80 employees,” Gameloft studio manager Dylan Miklashek told News.com.au.

“This can put Australia on a similar level to other countries.”

ASX shares playing in the interactive gaming sector

So which companies could ASX investors look at for exposure into the gaming industry?

Here are the 5 most prominent players right now:

• Playside Studios Ltd (ASX: PLY)
• iCandy Interactive Ltd (ASX: ICI)
• Mighty Kingdom Ltd (ASX: MKL)
• Emerge Gaming Ltd (ASX:EM1)
• Esports Mogul Ltd (ASX: ESH)

Cyan portfolio manager Dean Fergie has been a fan of Playside Studios ever since its listing late last year.

“The company has an exciting 12 months ahead with the upcoming release of several new games including titles based on blockbuster movies Legally Blonde and The Godfather which should contribute to a material uplift in revenues in FY22,” he said in August.

That pipeline is already starting to bear fruit, with Playside shares rocketing a stunning 110% over the past month.

There seems to be some consolidation between two smaller players, iCandy and Mighty Kingdom. The former bought 7.8% of the latter’s shares in September, after Mighty Kingdom’s share price plunged 50% since its April listing. 

Emerge Gaming produces games for mobile phones and is profitable, but still very much a microcap at $33.6 million market capitalisation.

Esports Mogul is different to the other 4 companies in that it does not produce games as such. Instead, the company runs e-gaming tournaments for business clients.

“Australia’s total e-sports revenue was $6 million in 2020, and this is set to grow to $16 million by 2025.” reported PwC.

The post 5 ASX shares in an obscure but booming sector appeared first on The Motley Fool Australia.

More reading

• Why is the Playside Studios (ASX:PLY) share price rocketing 16% today?

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Coles Group Ltd (ASX: COL) share price is on course to end the week with a small gain.

At the time of writing, the supermarket giant’s shares are up almost 1% to $17.70.

Though, Coles’ shares remain in negative territory year to date with a 4% decline.

Is the Coles share price in the buy zone?

Despite the weakness in the Coles share price this year, one leading broker isn’t in a rush to invest. In fact, its analysts are recommending investors sell the company’s shares.

In response to Coles’ first quarter update last week, UBS retained its sell rating and $16.50 price target on the company’s shares.

Based on the current Coles share price, this implies potential downside of almost 7% for investors before dividends.

Why is UBS bearish?

Although the supermarket operator delivered a better than expected first quarter sales update, it wasn’t enough for UBS to change its view on the Coles share price.

According to the note, the broker believes that the outlook for food sales in Australia is deteriorating and expects this to weigh on the performance of both Coles and rival Woolworths Group Ltd (ASX: WOW).

It is for this reason that its analysts also have a bearish view on Woolworths’ shares. So much so, last week the broker downgraded the retail giant’s shares all the way to a sell rating from a buy rating and cut the price target on them to $37.00.

Based on the current Woolworths share price of $39.17, this suggests there is potential downside of 5.5% before dividends.

All in all, the broker feels investors would be best staying away from the food retailing sector at this point and focusing on other areas of the share market instead.

The post Christmas is coming, but is the Coles (ASX:COL) share price already overstuffed? appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO) midday update: ANZ result impresses, Fortescue higher
• Coles (ASX:COL) share price in focus following Q1 update

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

For the sixth day in a row, shares of semiconductors specialist Nvidia (NASDAQ: NVDA) marched higher Thursday — actually, they kind of ran higher, running up 8.5% through 11:11 a.m. EDT on the back of positive analyst commentary from Wells Fargo.

The same kind of commentary, I might add, as Bank of America provided last week.

So what

On Oct. 29, BofA reiterated its buy recommendation on Nvidia stock, explaining that the graphics chip maker will be one of the prime beneficiaries of Meta Platforms‘ (NASDAQ: FB) — that is to say Facebook’s — drive to create a metaverse for all of us to live in online. Indeed, BofA pointed out that Nvidia already has an “Omniverse” platform of its own, and is well positioned to provide Facebook “the crucial building blocks in graphics, connectivity, mobility, and computation/AI,” reported StreetInsider.com.

Of course, even all these positives only added up to $275 in Nvidia value according to BofA. Today, Wells Fargo has come out with an even more optimistic estimate, raising its price target and valuing Nvidia stock at a lofty $320 a share.

Now what

The catalyst for this sharp spike in Nvidia shares, predicts Wells Fargo, will be an Nvidia presentation at the GPU Technology Conference that will be held online from Nov. 8 to Nov. 11. There, Nvidia will announce that its Omniverse Enterprise platform — which Nvidia describes as a “platform for connecting 3D worlds in a shared virtual universe — is open for business.  

Nvidia will be charging users as much as $9,000 per year per “workgroup” accessing the Omniverse, reports TheFly.com. In Wells Fargo’s opinion, this new product will be not only a “significant” expansion for Nvidia, but a potential huge recurring revenue driver for the company as well.

Investors seem to agree with that assessment today. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Nvidia stock rocketed higher on Thursday appeared first on The Motley Fool Australia.

More reading

• Why Nvidia stock climbed on Monday

Rich Smith has no position in any of the stocks mentioned. Rich Smith has no position in any of the stocks mentioned. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Meta Platforms, Inc. The Motley Fool Australia has recommended Meta Platforms, Inc. and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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