The fate of the stock market relies on Nvidia (NASDAQ: NVDA) earnings this week. In the video below, Fool.com contributor and 25-year stock market veteran Eric Cuka breaks down NVDA stock and provides price targets, valuation metrics, predictions, technical analysis, commentary,
What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.69%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.65%. Stocks on Monday settled mostly higher on a rally...
Advanced Micro Devices AMD recently expanded collaboration with Amazon’s AMZN AWS with the launch of new Amazon EC2 instances powered by 4th Gen AMD EPYC processors, which deliver better performance than their predecessors and off
In today's video, I discuss four stocks I'm keeping my eyes on for potential buys. Check out the short video to learn more, consider subscribing, and click the special offer link below.
Advanced Micro Devices (AMD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
The application process for the $52 billion U.S. CHIPS Act ($39 billion for semiconductor manufacturing in the U.S., and $13 billion for research and development) is underway. Dozens of new fabs (a facility that makes chips) are under construction, with even more being expanded a
Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much?
Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much?
It wasn't too long ago that cryptocurrencies were one of the hottest investments, with the media filled with stories of people getting rich seemingly overnight. However, excitement in the industry has cooled considerably. Investors have become wary of its volatility, with prices
It wasn't too long ago that cryptocurrencies were one of the hottest investments, with the media filled with stories of people getting rich seemingly overnight. However, excitement in the industry has cooled considerably. Investors have become wary of its volatility, with prices
On August 17, 2023 at 13:39:14 ET an unusually large $8,920.50K block of Call contracts in Advanced Micro Devices (AMD) was bought, with a strike price of $115.00 / share, expiring in 309 day(s) (on June 21, 2024). Fintel tracks all large options trades, and the premium spent on
In today's video, I discuss numerous updates impacting popular semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below.
COVID-19 lockdowns in 2020 and 2021 forced countless businesses to move their work online, increasing demand for online services. Yet, even as the world opens up again, many companies have retained various aspects of working online.
While demand for data center graphics processing units (GPUs) that can power artificial intelligence (AI) workloads is absolutely exploding, a different story is playing out in the gaming GPU market.
In today's video, I discuss four popular AI stocks that could be giving investors buying opportunities. Check out the short video to learn more, consider subscribing, and click the special offer link below.
Artificial intelligence (AI) has turned out to be a tailwind for semiconductor companies in 2023, which isn't surprising as the growing proliferation of this technology has turned around the fortunes of quite a few chipmakers that were earlier facing a downturn on account of weak
Following a challenging 2022 for the
technology sector, 2023 has witnessed a renewed surge of optimism regarding the capacity of these companies to drive innovations. The prevailing focus on
artificial intelligence (AI) has prompted businesses across sectors to explore its integration into their offerings, which augurs well for the sector's future prospects. However, inflation, interest rates, and supply-chain disruptions remain headwinds for the sector.
Thus, leveraging the TipRanks
Stock Screener tool, we have shortlisted stocks that have received a Strong Buy rating from analysts. Further, analysts’ price targets reflect upside potential of more than 20%. Finally, these stocks have an Outperform
Smart Score (i.e., 8, 9, or 10 out of 10) on TipRanks, indicating a relatively high chance to outperform the broader market.
Here are the five key stocks from the tech sector that investors can consider.
Amazon (
NASDAQ:AMZN
) – Amazon.com provides online retail shopping and cloud computing services. Analysts currently see upside potential of 30% in AMZN stock. Also, it has a
Smart Score of 8 out of 10.
Nvidia (
NASDAQ:NVDA
) –This software company manufacture of computer graphics processors, chipsets, and related multimedia software. In the last four days, 11 analysts rated the stock a Buy. The stock’s price forecast of $521.77 implies 20.4% upside potential. NVDA stock has a
Smart Score of 8 out of 10.
Taiwan Semiconductor (
NYSE:TSM
) – Taiwan is a multinational semiconductor manufacturing and design company. TSM stock has upside potential of 36.4%, according to analysts, and a
Smart Score of 8 out of 10.
Alibaba Group (
NYSE:BABA
) – Alibaba is a provider of e-commerce, retail, Internet, and technology services. Following
upbeat Q2 results released on August 8, 12 analysts rated the stock a Buy. BABA stock’s average price target implies upside potential of 55.8%. Moreover, it has a
“Perfect 10” Smart Score.
Advanced Micro Devices (
NASDAQ:AMD
) –
AMD produces semiconductor products and devices. The stock has an average price target of $141.90, which implies 35.9% upside potential from current levels. Also, its
Smart Score of 8 out of 10 is encouraging.
Disclosure
The NASDAQ 100 Pre-Market Indicator is down -131.78 to 14,584.03. The total Pre-Market volume is currently 36,021,753 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.57 at $21.35, with 5,888,068 shares
Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundam
Probably the most anticipated earnings report during this quarter is from Nvidia (NASDAQ: NVDA). After all, the chip maker's incredible guidance for its fiscal 2024's second quarter, ended July 30, sparked the artificial intelligence (AI) stock market rally at the end of May.