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The S&P 500 and Nasdaq futures edged higher on Wednesday as investors overwhelmingly expect the Federal Reserve to pause its monetary tightening campaign later in the day.

In this video, I will discuss the numerous new products Advanced Micro Devices (NASDAQ: AMD) announced in its recent data center event and how they could impact Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and clic

S&P 500 and Nasdaq futures edged up on Wednesday as investors overwhelmingly expect the Federal Reserve to not raise interest rates as it concludes its meet later in the day.

Thanks to the stellar bull run in Nvidia ( NASDAQ:NVDA ) stock, it became the first  chip company to  attain $1 trillion in market cap. NVDA stock has gained about 181% year-to-date, reflecting a surge in demand for its chips that drive  AI (Artificial Intelligence) applications. Further, NVDA’s leadership in the AI space and Generative AI driving significant upside in demand for its products indicate that the uptrend in its stock could sustain.  NVDA Winning the AI Race With growing AI adoption, NVDA has positioned itself as the leading operating system for AI. During the Q1 conference call, NVDA’s CFO, Colette Kress, said that cloud service providers, consumer Internet companies, and enterprises around the world are racing to deploy its flagship Hopper and Ampere architecture GPUs (Graphics Processing Unit) to meet the growing demand for AI applications in training and inference. This reflects the widespread recognition of NVDA's technology and its crucial role in powering AI-driven solutions. Furthermore, NVDA is witnessing strong momentum in verticals like automotive, healthcare, telecom, and financial services, where AI and accelerated computing have seen rapid adoption.  J.P. Morgan analyst Harlan Sur reiterated a Buy rating on NVDA stock following the investor group meeting earlier this month. In a note to investors dated June 7, Sur highlighted that the demand for generative AI remains strong, with Datacenter products witnessing solid growth. Also, the shipment volumes of H100, its GPU optimized to develop, train, and deploy generative AI, have ramped up.  What is the Prediction for Nvidia Stock? NVDA stock has appreciated quite a lot. However, analysts’ average price targets show further upside potential. It’s worth highlighting that competition is rising for NVDA, with Advanced Micro Devices ( NASDAQ:AMD ) revealing its AI chip, the Instinct MI300X GPU. However, Goldman Sachs analyst  Toshiya Hari remains upbeat about NVDA’s prospects. He expects the company to maintain a lead in the AI space, at least in the near term, due to the deployment of complex AI models.  Overall, NVDA stock has received 32 Buy and four Hold recommendations for a Strong Buy consensus rating. Analysts’ average price target of $449.92 implies 9.68% upside potential.  Investors should note that Harlan Sur is the most accurate analyst for NVDA stock, according to TipRanks. Copying Sur’s trades on NVDA stock and holding each position for one year could result in 96% of your transactions generating a profit, with an average return of 71.80% per trade. Disclosure

Amazon Web Services, the world's largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters.

Tech stocks have long had a reputation for reliable growth, primarily thanks to the innovative nature of the industry. Over the last decade, the Nasdaq-100 Technology Sector index soared 395%. Meanwhile, the Nasdaq Composite index is up 286% in the same period. As a result, it's

Amazon Web Services, the world's largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters.

Amazon Web Services, the world's largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters.

The Metaverse isn't just a passing fad. It's here to stay, and it's not too late to hand-pick several top metaverse stocks that analysts love in 2023. Only a few of them will actually make the grade, but successful traders are choosy, and if you're going to invest in the Metaverse, you might as well stick with the best and forget about the rest. Maybe you haven't personally experienced the Metaverse, where participants can interact through virtual characters, play immersive video games, and of course, make purchases along the way (that's how revenue is generated, after all). It's fine if you're not directly involved with virtual and augmented reality, as you can still consider giving any or all of these metaverse stocks a try. Moreover, you'll at least have the added assurance that comes with picking stocks that are rated as Strong Buys on Wall Street (which is why, for example, I didn't include chip champ Advanced Micro Devices ( NASDAQ:AMD ) on the list, since Wall Street currently only rates it a Moderate Buy). With those criteria in mind, let's dive right into the three Strong-Buy rated metaverse stocks I am bullish on. Meta Platforms ( NASDAQ:META) Formerly known as Facebook, Meta Platforms is so metaverse-focused that CEO Mark Zuckerberg purposely changed its name and stock ticker symbol to emphasize "META." Speaking of the stock, it has zoomed higher since November of last year, but don't assume the rally is running out of steam. After all, the skeptics can't begrudge Meta Platforms' impressive first-quarter 2023 earnings beat. Still, some critics might contend that Zuckerberg and Meta Platforms have given up on the Metaverse in favor of more artificial-intelligence (AI) focused efforts. It is true that Meta Platforms has taken a financial hit during its initial foray into virtual and augmented reality experiences, but that's to be expected in the initial stages of a major corporate re-branding. In any case, Zuckerberg has assured Meta Platforms' stakeholders, "We’ve been focusing on both AI and the Metaverse for years now, and we will continue to focus on both." To reinforce this commitment, Meta Platforms recently released the Quest 3 mixed reality headset. Its starting price is $499 - which, as we'll see in a moment, actually isn't very expensive - and Meta Platforms touted the Quest 3 as “the first mainstream headset with high-res color mixed reality.” Thus, Meta Platforms is still pushing the boundaries of metaverse-capable hardware, so let's now check in with Wall Street to see if they're on board with Zuckerberg's bold vision for the company. What is the Price Target for META Stock? According to TipRanks’ analyst rating consensus, META is a Strong Buy based on 38 Buys, five Holds, and zero Sell ratings. The average Meta Platforms stock price target is $287.32, implying 5.9% upside potential. Apple ( NASDAQ:AAPL) Apple stock isn't a pure play on the Metaverse, as the company's primary revenue generator is the iPhone. Yet, Apple is a darling of the market with a clear-cut metaverse connection since the company recently revealed its Apple Vision Pro "spatial computer." That's really just a fancy way of saying the Vision Pro is a feature-rich mixed-reality headset, which is ideal for handling high-resolution metaverse experiences. However, whether the public is willing to pay $3,499 for the Vision Pro -- which is set to be released to the public early next year -- remains to be seen. I'm actually fairly optimistic that this "spatial computer" will be a decent revenue generator for Apple. Bear in mind that new iPhone versions are sold on quality and brand-name prestige, not on price. Apple has disrupted tech-gadget niche markets before, so why couldn't the company change the game (literally) in metaverse-compatible gear? For his part, Wedbush analyst Daniel Ives anticipates that more consumers will come on board, especially since Apple will probably eventually reduce the price of the Vision Pro. What is the Price Target for AAPL Stock? Turning to Wall Street, AAPL is a Strong Buy based on 22 Buys, seven Holds, and not a single Sell rating. The average Apple stock price target is $189.17, implying 3.2% upside potential. Sea Limited ( NYSE:SE) My third metaverse stock pick is one that you may not be as familiar with. Sea Limited is based in Singapore, and the company has e-commerce and fintech divisions, but it's Sea Limited's gaming business, Garena, that provides interactive virtual experiences and, therefore, a metaverse angle. Unlike META stock and AAPL stock, SE stock dropped recently, thereby providing an opportunity for dip-buyers. On the financial side of the equation, Sea Limited's total revenue, gross profit, and balance of cash, cash equivalents, and short-term investments have remained fairly steady from one quarter to the next. As Sea Limited continues to generate revenue from immersive game titles like  Star Wars Jedi: Survivor, the company has picked up a notable investor -- Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund or PIF. In this year's first quarter, the PIF increased its stake in Sea Limited by a jaw-dropping 248%. Now, that's what I would call a confident position. So, let's swing by Wall Street now to see if they're equally confident in Sea Limited. What is the Price Target for SE Stock? On Wall Street, SE stock comes in as a Strong Buy based on 10 Buys and three Holds, with no Sell ratings whatsoever. The average Sea Limited stock price target is $100.26, implying 52.6% upside potential. Conclusion: Should You Consider Metaverse Stocks? Clearly, publicly-listed technology companies don't address the ever-growing metaverse in the same way. It's different strokes for different folks, but the good thing is that you get to pick and choose your favorite metaverse stocks for your portfolio. No matter how you strategize your metaverse stock allocations, I definitely feel it's worthwhile to conduct your due diligence and have some metaverse market exposure (this is not professional financial advice, of course). Otherwise, you might miss out on an emerging tech segment where the objects may be virtual, but the revenue is 100% real. Disclosure

Advanced Micro Devices (NASDAQ: AMD) had its "Data Center & AI Technology Premiere" today, but investors seemed unimpressed, as the stock dipped 3.61%. AMD stock has rallied hard in 2023, up over 94% year to date. Is today's dip an opportunity to add shares? And which is the

The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates on Wednesday.

SoftBank Group Corp's Arm is in talks with some of its biggest customers and end users about bringing on one or more anchor investors in the chip designer's initial public offering (IPO), two sources familiar with the matter said.

Advanced Micro Devices said on Tuesday that companies such as Facebook parent Meta Platforms are ordering high volumes of a new central processor, as investors were anxious for updates on a different new chip that is designed specifically for artificial intelligence systems like ChatGPT.

The unveiling of Advanced Micro Devices' (NASDAQ: AMD) MI300 AI chip could potentially uplift AMD's data center strategy. Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. Also, consider subscribing, and click the specia

U.S. stock indexes were set to open higher on Tuesday as data showed consumer prices rose modestly in May, cementing expectations that the Federal Reserve could skip raising interest rates this week.

The crypto market reached record heights during the COVID-19 pandemic, with the S&P Cryptocurrency Market index hitting $6,200 in November 2021. The same index has fallen about 68% since then, pulled down by reforms in how certain crypto is mined and businesses pulling back o

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 Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have l

For Immediate ReleaseChicago, IL – June 13, 2023 – Zacks Equity Research shares Rockwell Automation, Inc. ROK as the Bull of the Day and International Paper IP as the Bear of the Day. In addition, Zacks Equity Research provides an

The TipRanks All-star Analyst of the Day title goes to  Matt Ramsay of research firm TD Cowen. Remarkably, Ramsay ranks #10 out of the 8,414 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Advanced Micro Devices ( NASDAQ:AMD ), for which he is both the Most Accurate and Most Profitable analyst. Most Profitable and Accurate Analyst on AMD Stock When we look at Ramsay’s recommendation for the multinational semiconductor company AMD, we see that over the past year, Ramsay has had an 86% success rate on the stock. Plus, he has earned average returns of 60.95% in the said period. It is noteworthy that last month, Ramsay reiterated a Buy rating on AMD stock. On an overall basis, copying Ramsay’s trades and holding them for a year would give you an average return of 29.4%, with 68% of your trades generating a profit! Not Just AMD Ramsay’s main sector of coverage is  Technology in five markets, including the U.S. and the U.K. To date, his most profitable rating was a Buy on the technology stock Nvidia Corporation ( NVDA ). The analyst earned a massive 246% return on the call between January 12, 2016, and January 12, 2017. Following phenomenally successful analysts’ ratings can add profit to your portfolio. Find the best analyst to follow for any stock by scrolling down to the “ Best Analyst Covering” feature on its  Analyst Forecast page. To follow the best Wall Street analysts, take a look at the list of  Top Analysts on TipRanks. Disclosure

U.S. stock index futures rose on Tuesday ahead of data that is expected to show consumer prices cooled in May, likely supporting bets that the Federal Reserve could skip raising interest rates this month.