Nasdaq NVDA Nvidia

Wall Street futures were mixed on Friday after Federal Reserve Chair Jerome Powell's hawkish tone dampened hopes of an end to rate hikes, with investors now looking forward to next week's economic reports for more cues on the monetary policy path.

Artificial intelligence (AI) is one of the hottest stock market themes of 2023, as the growing prominence of this technology is driving tangible gains for many companies.

Looking for the next international chipmaking superstar? Be careful, as there's plenty of hype surrounding Arm Holdings ( NASDAQ:ARM ) but the results just don't measure up. Arm might have a great future, but I am neutral on ARM stock until I see more positive financial data and guidance. U.K.-based Arm Holdings mainly designs chips to be used in smartphones. It was a September to remember for Arm this year, as the company had the biggest U.S. technology-industry IPO of 2023 at that time. However, now it's time for Arm Holdings to "put up or shut up," as they say. IPO hype can only carry a company so far, and when the chips are down and the results are out, prudent investors should pay more attention to the numbers than the talk. ARM Stock Costs an Arm and a Leg, but Not for Long Arm Holdings priced its IPO at $51 per share, but the stock jumped to $65 soon after its public debut. Without a doubt, financial traders were enthused about Arm, as the company supplies tech-component designs to companies like Apple ( NASDAQ:AAPL ) and Nvidia ( NASDAQ:NVDA ). The excitement over Arm may have gotten another quick boost when the company announced a strategic investment in Raspberry Pi Ltd. Reportedly, the two companies agreed to "collaborate to deliver solutions for the Internet of Things developer community." However, perhaps the most hype-fueled announcement for Arm occurred when Reuters revealed that Nvidia is going to use Arm-based processors for personal computers. That news item from October really got the trading community in a risk-on mood. On top of all that, KeyBanc analysts initiated their coverage of ARM stock with an Overweight rating. For a while, it felt like Arm Holdings would be the darling of the market for the rest of 2023. Would this feeling reflect reality, though? The Other Shoe Drops for Arm Holdings I could spend all day talking about IPO pop-and-drop stocks. Apparently, it's a lesson that many stock traders will have to learn the hard way in the 2020s. ARM stock is currently down by around 6% today, trading near $51, which is significantly below the $65 price target previously issued by Keybanc analysts. This is a textbook example of what can happen when expectations run hot and an IPO stock moves too high, too soon. Here's what happened. Arm Holdings just released its first post-IPO quarterly financial report, which covered Arm's Fiscal Q2-2024 results (the quarter ended in September). In some ways, Arm's results lived up to analysts' expectations. Specifically, Arm's revenue increased by 28% year-over-year to $806 million, beating the consensus estimate of $744.3 million. Meanwhile, Arm's quarterly adjusted EPS of $0.36 easily exceeded Wall Street's call for $0.26. Note, however, that this is adjusted EPS. If we instead use GAAP-measured net income, Arm swung from net income of $114 million in the year-earlier quarter to a net loss of $110 million in Q2 2024. Over that same time frame, Arm swung from $0.11 to -$0.11 in diluted EPS. Additionally, Arm guided for current-quarter revenue of $720 million to $800 million and adjusted EPS of $0.21 to $0.28. The midpoints of those ranges fell short of the consensus estimates of $776 million in revenue and 27 cents in adjusted EPS. Is ARM Stock a Buy, According to Analysts? On TipRanks, ARM comes in as a Moderate Buy based on 16 Buys, seven Holds, and one Sell rating assigned by analysts in the past three months. The average Arm Holdings stock price target is $61.86, implying 21.2% upside potential. If you’re wondering which analyst you should follow if you want to buy and sell ARM stock, the most profitable analyst covering the stock (on a one-year timeframe) is  Sara Russo of Bernstein, with an average return of 12.8% per rating. Click on the image below to learn more. Conclusion: Should You Consider ARM Stock? All in all, Arm Holdings had a good quarter, and there's nothing major to complain about. It's a problem, however, that overeager stock traders got too excited about Arm during and immediately after the company's public market debut. Now, the other shoe is dropping, and folks who got caught buying ARM shares during the peak hype phase are stuck underwater. Therefore, it's wise to stay neutral on ARM stock and wait for the next round of financial results to come in. Then, investors can reassess the company and its stock with more information and good judgment. Disclosure

U.S. stocks slipped on Thursday, jeopardizing the longest winning streaks for the Nasdaq and S&P 500 in almost two decades, as Treasury yields rose after a disappointing auction of 30-year bonds and comments from Federal Reserve Chair Jerome Powell.

These mega-cap tech stocks are strong-buy rated on Wall Street - plus, unlike Apple, they've been scoring upgrades in recent months.

Nvidia plans to release new artificial intelligence chips aimed at the Chinese market less than a month after U.S. officials tightened the rules on selling high-end AI chips to China.

Palo Alto Networks PANW recently launched Strata Cloud Manager, the first artificial intelligence (AI)-driven Zero Trust management and operations solution in the industry. The company has also introduced a range of advanced secur

U.S. stocks struggled for direction on Thursday as investors awaited further policy cues from central bank officials, including Federal Reserve Chair Jerome Powell, as well as a raft of economic data next week.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $4 inflow -- that's a 0.9% increase week over week in outstanding uni

Shares of Arm Holdings sank 8% on Thursday after a delay in a large deal hampered the company's quarterly forecast in the first earnings since its float in September.

The AI sector is at the forefront of technological innovation. It encompasses companies developing artificial intelligence for various uses. These include data analysis, automation, and machine learning. AI stocks represent these cutting-edge companies. They appeal to investors l

U.S. stocks struggled for direction on Thursday as uncertainty about when the Federal Reserve will start easing financial conditions kept investors on edge as they awaited further policy cues from central bank officials.

The cryptocurrency rally, which had abruptly stalled over the past couple of months, has regained momentum this month, with Bitcoin (BTC) trading above $36,600 on Nov 8. The rally comes amid a spate of developments and soaring opt

For Immediate ReleaseChicago, IL – November 9, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fi

HubSpot, Inc. HUBS reported impressive third-quarter 2023 results, with the bottom and the top line beating the respective Zacks Consensus Estimate. Solid customer engagement across all market segments and growing adoption of the

Wall Street was set for a higher open on Thursday as expectations that the Federal Reserve was at the end of its monetary tightening lifted sentiment ahead of further policy cues from central bank officials.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today November 9th:

The NASDAQ 100 Pre-Market Indicator is up 10.94 to 15,324.18. The total Pre-Market volume is currently 39,789,561 shares traded.The following are the most active stocks for the pre-market session: Newmont Corporation (NEM) is -0.23 at $34.55, with 4,265,276 shares traded., follo

Below is Validea's guru fundamental report for NVIDIA CORP (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consiste

Twilio Inc. TWLO shares gained 7.2% during Wednesday’s extended trading session after the company reported better-than-expected third-quarter 2023 results and provided strong guidance for the current quarter.