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The stock market was due for a rebound in 2023. The inflation crisis that started in 2021 led to a disastrous 2022, where the S&P 500 (SNPINDEX: ^GSPC) market index fell by 19.4%.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $818.3 million dollar inflow -- that's a 0.4% increase week over week in outstanding

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below.

Technology stocks were declining pre-bell Wednesday with the Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF (XSD) recently down 0.3%.

The stock market has rallied impressively in 2023 thanks to multiple factors such as cooling inflation, the Federal Reserve's pause on interest rate hikes, a robust U.S. economy, and a solid job market, all of which explains why the Nasdaq Composite index has shot up an impressiv

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

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It's hard not to be bullish about Advanced Micro Devices (NASDAQ: AMD). The company's stock has more than doubled in 2023, up some 115% since Jan. 1. Meanwhile, it appears to be making promising headway in the budding artificial intelligence (AI) market.

Despite the ongoing macro uncertainty, several tech stocks had a strong run this year due to generative artificial intelligence (AI)-related tailwinds, expectations of interest rate cuts, and company-specific strengths. However, many investors wonder if there is more room to run. Using TipRanks’ Stock Comparison Tool, we placed Apple ( NASDAQ:AAPL ), Advanced Micro Devices ( NASDAQ:AMD ), and Amazon ( NASDAQ:AMZN ) against each other to pick the most attractive tech stock as per Wall Street analysts.   Apple Stock (NASDAQ:AAPL) Apple reported better-than-expected earnings for the fiscal fourth quarter (September quarter) last month despite its overall revenue declining for the fourth consecutive quarter. Consumer spending on big-ticket discretionary items, like Apple’s products, has been hit by macro pressures. In the September quarter, the company’s overall revenue declined 1% to $89.5 billion, as higher iPhone sales and Services revenue were offset by a decline in Mac and iPad sales. Aside from macro pressures, there are also concerns about the impact of China’s iPhone ban across government agencies and the loss of a patent infringement suit related to Apple Watch. Nonetheless, most Wall Street analysts have a bullish long-term sentiment about Apple.      Is Apple Stock a Good Buy Now? On December 14, Citigroup analyst Atif Malik reiterated a Buy rating on AAPL stock with a price target of $230. The analyst expects earnings growth of 14% and free cash flow growth of 11% in 2014, fueled by continued gross margin expansion. Malik contends that bears on the stock are missing Apple’s structural gross margin improvement, which is driven by iPhone premiumization, acceleration in Services revenue, and the favorable impact of silicon insourcing. The analyst expects these trends to continue in 2024 and sees AI phones and Vision Pro adoption as potential upside catalysts. Overall, Wall Street has a Strong Buy consensus rating on AAPL stock based on 24 Buys and eight Holds. The AAPL average price target of $202.40 implies 2.8% upside potential. Shares have advanced over 51% year-to-date. Advanced Micro Devices Stock (NASDAQ:AMD) While Nvidia ( NASDAQ:NVDA ) has grabbed the limelight this year due to the tremendous demand for its graphics processing units (GPUs) in building and training generative AI models, AMD is gearing up to catch up. The company expects its recently launched MI300 series to compete with Nvidia’s AI processors. AMD estimates its GPU revenue to surpass $2 billion in 2024. The company’s 2024 revenue is also expected to gain from a recovery in the demand for its products catering to the PC market. What is the Price Target of AMD? Last week, Bank of America analyst Vivek Arya upgraded AMD stock from Hold to Buy and increased the price target to $165 from $135. The analyst explained that his previous concerns about Embedded (FPGA) and Gaming (consoles) corrections have now “generally materialized,” with rapidly growing opportunities in data center GPUs/accelerators indicating upside to medium-term sales outlook. While the analyst continues to view Nvidia as his top compute and AI pick, he believes that AI or generative AI is a multi-year phenomenon and presents opportunities for many chip companies. He thinks that AMD is well-positioned to gain an incremental share of the hugely profitable $100 billion-plus accelerator market while continuing to advance in the server CPU market. With 26 Buys and eight Holds, Advanced Micro Devices stock earns Wall Street’s Strong Buy consensus rating. Shares have rallied more than 116% year-to-date. At $132.41, the AMD average price target implies a possible downside of 5.5% from current levels. Amazon Stock (NASDAQ:AMZN) Amazon shares have jumped 83% so far this year, reflecting the e-commerce and cloud computing giant’s strong execution and improved profitability due to cost reduction measures. In particular, the company’s third-quarter revenue grew 13%, driven by strength in the retail segment and Amazon Web Services (AWS) cloud computing business.   The momentum in Amazon’s retail business is expected to continue in the crucial holiday quarter. Also, the company’s AWS segment is well-positioned to gain from its investments in generative AI. Further, Amazon’s advertising business, which grew 25% in Q3 2023, is being considered as one of the key growth drivers for the company. Is Amazon a Buy, Hold, or Sell? On Monday, Roth MKM analyst Rohit Kulkarni reiterated a Buy rating on the stock and raised his price target from $165 to $180. The analyst called AMZN his mega-cap pick for 2024, followed by social media behemoth Meta Platforms ( NASDAQ:META ) and search engine giant Google’s parent Alphabet ( NASDAQ:GOOGL ). Kulkarni stated that Amazon is the only mega-cap stock for which he expects an accelerating top line and expanding operating margin in 2024. He believes that the Street’s consensus estimate continues to underestimate the potential acceleration in Amazon’s 2024 and 2025 free cash flow. He expects the company’s FCF to benefit from improving fundamentals and declining capital expenditure. Amazon scores Wall Street’s Strong Buy consensus rating based on 42 unanimous Buys. The average price target of $178.66 implies about 15.6% upside potential. Conclusion Analysts are bullish on all three tech stocks discussed here based on their solid fundamentals, strong execution, and attractive long-term growth potential. That said, they see a higher upside in Amazon than the other two stocks, supported by the strength in its e-commerce and cloud computing businesses and the rapidly growing ad revenues. Disclosure

As 2023 comes to a close, I think it's safe to say that artificial intelligence (AI) is the one phenomenon that captured the hearts of investors, even amid turbulent macroeconomic conditions. Today, the stage still seems set for some type of slowdown in 2024, but don't expect investors to ignore the top AI-powered semiconductor/chip stocks — NVDA, AMD, and MU — as they continue to meet a demand that can only be described as hot. Only time will tell if AI and its productivity-driving effect can keep acting as the tide that lifts stocks. My guess is that some of the less-apparent companies will also stand to rise as they look to keep up (with AI) or run the risk of being left behind. The way I see it, AI (and AI hardware capacity) can grant competitive advantages to firms (including those outside of tech) that take the trend seriously. Further, underinvesting in AI chip tech seems somewhat riskier than overinvesting, at least as firms across the board fight to get up to speed with the latest hardware. All considered, AI-powered semiconductor stocks may still have room to add to their gains in 2024. In this piece, we'll use TipRanks’ comparison tool to check out three such names that have the blessing of most Wall Street analysts. Nvidia ( NASDAQ:NVDA) Nvidia stock has arguably been the stock of the year, with shares now up 250% year-to-date. Undoubtedly, many value-conscious investors (like myself) have been deterred by the sheer momentum behind the name. The valuation still seems quite steep, but given the impressive growth and the promising AI chip demand trajectory — it seems like more of a secular tailwind than some sort of short-lived cyclical upswing — I'm inclined to be more bullish than bearish. Sure, it's never fun to "chase" a hot stock as a disciplined, valued investor, but the AI revolution is real, and Nvidia seems like one of the companies to emerge as one of the largest firms on the planet through the next decade. The company isn't just innovating on the front of AI chips; it's got major skin in the AI software game and even its own Omniverse offering. Indeed, it's hard not to be awed by Jensen Huang when he showcases his firm's new technologies. For now, Nvidia stock is an obvious AI chip stock. The stock (and its hardware) look pricy relative to rivals, but given its dominance and front-row seat in AI, is it all that expensive? Perhaps it's not, at least according to Bernstein's Stacy Rasgon. In fact, Rasgon thinks it's the "cheapest" AI pick for the year ahead. Could the seemingly expensive stock actually still be undervalued? I think it's very much possible. Rasgon notes that "multiples have compressed" amid the stock's impressive ascent. Indeed, Nvidia isn't just a story play. Earnings are growing, and they're continuing to grow fast. Rasgon also astutely observed that NVDA stock is close to the cheapest since 2018's conclusion at around 25 times forward price-to-earnings (P/E). He's right. Nvidia stock may not be as expensive as it seems, even on a P/E basis. Pending an AI chip demand implosion, I think it's hard to bet against CEO Jensen Huang going into 2024. What is the Price Target of NVDA Stock? Nvidia stock is a Strong Buy, according to analysts, with 31 Buys and three Holds assigned in the past three months. The average NVDA stock price target of $661.35 implies 33.3% upside potential. Advanced Micro Devices ( NASDAQ:AMD) If Nvidia isn't your cup of tea, perhaps AMD, Nvidia's top rival, is. Like Nvidia, AMD has a legendary CEO, Lisa Su, who's more than capable of capitalizing on the rise of AI. And it's proven to be a bad idea to bet against her firm, even as it traded at elevated valuation multiples. As the company looks to close the gap with Nvidia in AI chips (a difficult feat), I think it's hard not to be bullish, given the potential rewards if it can pull it off. On a forward P/E basis, AMD is pricier than Nvidia stock at north of 37 times next year's expected P/E. Pricier? Perhaps, but it's not absurdly expensive in my books, given how much AMD stands to win if it plays its cards right in 2024. Earlier this month, AMD pulled the curtain on its much-awaited Instinct MI300X AI chip. Some AI software heavyweights like Microsoft ( NASDAQ:MSFT ) and Meta ( NASDAQ:META ) have also committed to using it to run their AI applications. That's a big deal that seems to suggest the playing field stands to even out. Even if AMD can't meet Nvidia's stride for stride with its latest innovations, I previously noted that it can still win big market share with competitive pricing. Either way, there exists a scenario where both AMD and Nvidia can win as the AI supercycle continues into the new year. For now, it seems unrealistic for AMD to crush Nvidia on the front of AI chips. That said, it doesn't need to in order to keep its rally running strong. What is the Price Target of AMD Stock? AMD stock is a Strong Buy, according to analysts, with 26 Buys and eight Holds assigned in the past three months. The  average AMD stock price target of $132.41 implies 5.5% downside potential. Micron (NASDAQ:MU) Micron is a memory play that also stands to benefit from the rise of AI hardware firepower. More AI applications and connected devices call for greater memory needs. Year-to-date, the stock's up over 64%, thanks to solid results and AI enthusiasm. Moving ahead, Micron's margins could receive more of a lift as its management team looks to top what some analysts (like Wedbush Securities' Matt Bryson) believe is a low bar. Given strong industry dynamics and a modest valuation, I remain bullish on MU stock. Micron has already boosted its guidance for Q1, calling for revenue in the ballpark of $4.7 billion, up from the $4.2-4.6 billion range, thanks to robust memory demand trends. That said, there's a good chance of an overshoot, not just in Q1 but for the next few quarters. Citi's Chris Danely is bullish on the DRAM (Dynamic random access memory, a type of chip memory) market for the new year, going as far as to name Micron his firm's top semiconductor pick. As Nvidia and AMD hog the headlines, Micron seems like an intriguing (and less heated) way to play the semiconductor scene. What is the Price Target of MU Stock? Micron stock is a Strong Buy, according to analysts, with 20 Buys, three Holds, and one Sell assigned in the past three months. The  average MU stock price target of $86.98 implies 5.9% upside potential. Conclusion Nvidia stock still has an unbelievable amount of upside for the year ahead, say analysts, with a whopping 33.3% in expected upside. I think analysts are right to be pounding the table on Nvidia. It's a high-flyer, but perhaps shares aren't nearly as pricy as they seem. Disclosure

Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. At the same

Sometimes, it makes sense to bottom-fish for value stocks. Yet, looking ahead to the new year, investors might consider 2023's best-performing stocks. After all, whether it's irrational or not, big companies can get even bigger, and momentum stocks could continue to be huge winners in 2024. There's nothing wrong with small caps and over-the-counter (OTC) stocks, but I chose to apply a "go big or go home" standard to this top-performing stocks list. Consequently, I stuck to companies in the S&P 500 Index ( SPX ). As it turns out, the best performers of the year happen to be large- and mega-cap technology stocks. They're not all "Magnificent Seven" stocks, though, so be ready for some famous names but also some surprises. With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia ( NASDAQ:NVDA ), Meta Platforms ( NASDAQ:META ), Palo Alto Networks ( NASDAQ:PANW ), and Advanced Micro Devices ( NASDAQ:AMD ). Nvidia (NASDAQ:NVDA) If any theme dominated 2023, it was artificial intelligence (AI). Investors quickly figured out that there was a picks-and-shovels trade with Nvidia stock since generative AI applications are power-intensive, and Nvidia manufactures powerful AI processors that a wide range of technology companies can use. As we'll discuss in a moment, analysts are mostly bullish on Nvidia for the next 12 months. That's understandable since Nvidia has been beating Wall Street's quarterly consensus EPS estimates all year long. Can NVDA stock possibly move higher after this year's 250% rally? Bank of America ( NYSE:BAC ) analysts seem to think so, as they assigned a Buy rating and a $700 price target to Nvidia shares. They feel that it’s “early to predict a peak” in generative AI investments, so perhaps Nvidia can continue to grow along with this headline-grabbing technology market segment. What is the Price Target for NVDA Stock? On TipRanks, NVDA stock comes in as a Strong Buy based on 31 Buys and three Hold ratings in the past three months. The average Nvidia stock price target is $661.35, implying 33.3% upside potential. Meta Platforms (NASDAQ:META) A few years ago, Meta Platforms CEO Mark Zuckerberg went all in on the Metaverse and virtual reality (VR). Now, however, Meta Platforms is dealing with a decline in the VR market as well as pushback from some lawmakers. Nevertheless, Meta Platforms is thriving in 2023 because the company is a social media juggernaut. Along with the ever-popular Instagram, Facebook, and WhatsApp, Meta Platforms has the relatively new Threads micro-posting app, which is now expanding to European countries. Besides, META stock's 181% year-to-date gain is nothing to sneeze at. If Meta Platforms can continue its streak of quarterly EPS estimate beats into the new year, investors might count on Meta Platforms to keep on delivering superior results and share-price gains. What is the Price Target for META Stock? META is a Strong Buy, according to analysts, based on 36 Buys and one Hold rating in the past three months. The average Meta Platforms price target is $387.35, implying 10.6% upside potential. Palo Alto Networks (NASDAQ:PANW) The first two picks on this list were "Magnificent Seven" stocks, but the next two aren't. Indeed, this next huge 2023 gainer will probably surprise you: Palo Alto Networks stock. The cybersecurity software specialist is a favorite among analysts and has an absolutely stellar earnings-beat track record. An IBM ( NYSE:IBM ) report estimated that the “global average cost of a data breach in 2023 was $4.45 million.” That's a compelling reason for businesses to turn to Palo Alto Networks for cybersecurity software and services in 2024. With this in mind, analyst firms like Susquehanna and Mizuho are bullish on the cybersecurity market and on Palo Alto Networks as a major player in that field. Thus, Susquehanna initiated its coverage of Palo Alto Networks stock with a Positive (Buy-equivalent) rating and a price target of $400, while Mizuho reiterated its Buy rating and hiked its price target on the shares from $280 to $325. It seems entirely possible, then, that PANW stock can maintain its upward trajectory next year, even after rallying 123% in 2023 so far. What is the Price Target for PANW Stock? According to TipRanks’ analyst rating consensus, PANW is a Strong Buy, based on 29 Buys and five Hold ratings in the past three months. Still, the average Palo Alto Networks price target is $300.94, implying 2.5% downside potential. Advanced Micro Devices (NASDAQ:AMD) Here's another large-cap technology business that's not in the "Magnificent Seven" club but still deserves special attention. Advanced Micro Devices was actually the darling of the chipmaker market earlier this year before artificial intelligence and Nvidia captured Wall Street's attention. Yet, Advanced Micro Devices doesn't intend to let Nvidia dominate the market without any competition. Advanced Micro Devices' new lineup of MI300 microchip models is designed to take aim at Nvidia's best AI-compatible processors in the coming year. Like the other companies on this list, Advanced Micro Devices recently surpassed Wall Street's quarterly EPS estimates several times in a row. So, will AMD stock shoot for the moon even after running 119% higher year-to-date in 2023? There are no guarantees, but Advanced Micro Devices' relentless focus on AI processors should inspire confidence in this chipmaking contender. What is the Price Target for AMD Stock? On TipRanks, AMD stock comes in as a Strong Buy based on 26 Buys and eight Hold ratings in the past three months. Nonetheless, the average Advanced Micro Devices price target is $132.41, implying 5.5% downside potential. The Takeaway Now, you have an overview of a few of the top-performing stocks of 2023. Even staunch contrarians must admit that Nvidia, Meta Platforms, Palo Alto Networks, and Advanced Micro Devices have kept the bears and short sellers at bay in 2023. If the "bigger-is-better" principle continues to hold true in 2024, there's room for these companies to expand their horizons and generate robust revenue. Therefore, enterprising investors might want to give some or all of these tech-focused 2023 winners a try in the coming year. Disclosure

Semiconductor stocks surged this year, thanks to the AI Bonanza, as these companies provide picks and shovels for the AI gold rush. Semiconductor ETFs are also the best-performing ETFs of the last 10 years, as chips—the basic buil

At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). AMD stock has been in rally mode as investors ratchet up their expectations in 2024 for the scrappy chip design

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

With its shares more than doubling in 2023, Advanced Micro Devices (NASDAQ: AMD) has been a rewarding near-term investment. While the company's operational results are yet to match its impressive stock price performance, that could soon change.

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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nucor Corp. (Symbol: NUE), where a total volume of 9,138 contracts has been traded thus far today, a contract volume which is representative of approximately 91

The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Advanced Micro Devices is now the #50 analyst pick, moving up by 21 spots.

Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options become available this week, for the January 2026 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 760 days until expiration the ne