Nasdaq NVDA Nvidia

Futures tracking Wall Street's main indexes gained on Tuesday as a selloff in U.S. Treasuries eased a day after the benchmark 10-year yield crossed 5%, while investors assessed earnings from General Electric, Coca-Cola and other companies.

December S&P 500 futures (ESZ23) are up +0.46%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.52% this morning as market participants awaited U.S. business activity data while also gearing up for a deluge of quarterly reports from heavyweight names.

If you have paid any attention to the stock market this year, you would have found it impossible to ignore semiconductor giant Nvidia (NASDAQ: NVDA). Its stock has delivered a blockbuster return of 189% on the back of substantial -- and largely unexpected -- sales growth driven b

ASML (NASDAQ: ASML) and TSMC (NYSE: TSM) are two mutually dependent bellwethers of the semiconductor sector. ASML is the world's largest manufacturer of lithography systems, which are used to etch circuit patterns onto silicon wafers. It's also the only manufacturer of high-end e

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC), and Arm Holdings (NASDAQ: ARM). Check out the short video to learn more, consider subscribing, and click the special offer link below.

For Tesla (NASDAQ: TSLA) investors, the future of your investment really depends on autonomous driving. After all, on the latest conference call with analysts, CEO Elon Musk said that while Tesla may look expensive for a car company, "success in this regard in the long term, I th

Futures tracking Wall Street's main indexes gained on Tuesday after the benchmark U.S. Treasury yields slipped from the 5% milestone hit a day earlier, while investors looked forward to earnings from technology giants.

Advanced Micro Devices (NASDAQ: AMD) stock managed an impressive turnaround from last year's sell-off. In 2022, its share price plunged 55% as macroeconomic headwinds caused reductions in consumer spending across the tech market. In 2023, AMD shares are up 57%, mainly driven by e

The launch of OpenAI's ChatGPT ushered in a wave of investor excitement for generative artificial intelligence (AI). One of the biggest beneficiaries of this trend is Nvidia, which helps make the technology possible with its cutting-edge computer hardware. But the software side o

Recent months have seen increased volatility in the stock markets, as both the S&P 500 and the NASDAQ have given back some of the gains they posted earlier in the year. Stocks are coming under pressure from a variety of headwinds – but one that stands out recently comes from the bond market. Treasury bond yields and stocks tend to move in opposite directions, and earlier today the 10-year treasury bond rose to a peak of 5.02%, its highest level since July 2007. The yield was as low as 3.3% as recently as this past April, and has been rising steadily ever since. Contrarian market expert Jim Cramer has been watching current conditions, and he sees the ‘Magnificent Seven,’ the seven largest stocks in the S&P 500, as the ultimate defensive plays in this environment. "We’re in an unusual situation, but skyrocketing bond yields are bad news for the vast bulk of the market. The mega-cap techs are the one big exception. You want to make it through this difficult moment? You need the Magnificent Seven, and then the rest,” Cramer opined. With this in mind, we used the TipRanks database to pull up the details on two of these ‘Magnificent Seven' stocks to find out what makes them compelling buys. According to the platform, both have received plenty of love from Wall Street analysts, earning a 'Strong Buy' consensus rating and are projected to have up to 155% upside potential for the year ahead. Nvidia Corporation ( NVDA) We’ll start with the semiconductor chip giant Nvidia. This is a well-known name, a leader in the chip markets whose products, particularly the high-end GPUs, are in high demand for AI applications, data centers, and high-end gaming. Since last November when ChatGPT woke everyone up to the potentialities of AI, Nvidia has seen that demand rise and continue to rise; the stock is up an impressive 194% since the beginning of this year, and Nvidia boasts a market cap of $1.06 trillion. The company’s success has been powered by strong growth in its AI-related products. Nvidia has, since 2020, been a leader in the supply of GPU chips to OpenAI, the Microsoft-supported firm behind ChatGPT. OpenAI, already a heavy buyer of Nvidia chips, has said it will require as many as 10,000 new GPU chips heading into 2024, in order to maintain the chatbot’s performance parameters. Having a ready customer with high demand has given a boost to Nvidia’s revenues and earnings in recent months. That can be readily seen in the chip company’s most recent quarterly earnings report, from fiscal 2Q24. For that quarter, Nvidia reported $13.5 billion in quarterly revenue – a result that was a company record, a 101% year-over-year gain, and was $2.43 billion ahead of the forecasts. The company’s bottom line, reported in non-GAAP measures, came to $2.70 per diluted share, beating the estimates by 61 cents per share. The results were driven by solid performance in the AI-adjacent data center segment, which was up 171% y/y to reach $10.32 billion in total revenue. The Street’s analysts are anticipating more gains for Nvidia next month when it reports its fiscal Q3 earnings. The forecast for revenue is $15.89 billion, and the outlook for the non-GAAP EPS is $3.36 per share. For 5-star analyst Hans Mosesmann, from Rosenblatt Securities, the company’s AI and data center exposure are key supports. He writes of the stock, “NVDA remains our top conviction idea... With data center and AI inferencing opportunities massive and most of the $1 trillion server market shifting to accelerated computing, NVDA is poised for multi-year growth as supply expands. New platforms like Hopper, L40S, and Grace-Hopper will drive further inflections... NVDA’s unmatched software capabilities and exposure to secular AI and data center tailwinds reinforce its position as a top secular grower even amidst competition.” For Mosesmann, this adds up to a Buy rating on the share, and his Street-high $1,100 price target implies that a robust one-year gain of ~155% lies on the horizon for Nvidia. (To watch Mosesmann’s track record, click here) Overall, the Strong Buy consensus on NVDA is based on 38 recent analyst reviews – and they are nearly unanimous, with 37 Buys against a single Hold. The shares have a selling price of $429.75 and their average price target, at $645.53, suggests a 12-month upside potential of 50%. (See Nvidia stock forecast ) Amazon ( AMZN) The next mega-cap tech firm we’ll look at is Amazon, one of the world’s truly iconic brands. Amazon’s ubiquitous smile logo has become synonymous with rapid delivery, as the company has cemented its position over the past decade as the world leader in e-commerce and online retail. Amazon survived the dot.com bubble more than 20 years ago and has built on that, remaking itself as the one-stop-shop for everything online. Today, Amazon boasts a market cap of $1.29 trillion, and its online retail activity saw approximately $690 billion in gross merchandise volume last year. Amazon’s online retail service may be the 800-pound gorilla in the room, but the company’s other divisions give it a depth and breadth that can insulate the company from most shocks. Amazon Web Services is a major player in the cloud computing world, and the company’s AI-powered technology products show tremendous promise; these include AWS, which the company is working to integrate with AI, and other AI products include a software code development tool, an image-building platform, and a chatbot. Amazon clearly has the resources to develop all of these avenues simultaneously; the company’s cash holdings may have declined by 8% from the end of 2022 to the end of 2Q23, but it still had $49.5 billion in liquid assets on hand at the end of Q2. In other Q2 metrics, Amazon reported sky-high revenue of $134.4 billion, a figure that was up 11% year over year and came in $3 billion better than expectations. The firm’s bottom line, at 65 cents per share, was 31 cents ahead of estimates. Amazon’s Q2 earnings showed a benefit from a non-operating expense gain in the company’s Rivian equity holdings, where the prior year’s equivalent figure had been a loss of $3.9 billion. Amazon will report its Q3 results later this week, and analysts are looking to see a 59-cent EPS based on $141.6 billion in revenues. Among the bulls is Evercore analyst Greg Melich who believes that Amazon is a go-to story for investors, and outlines why: “We are keeping AMZN on our Tactical Outperform list, and AMZN remains our #2 pick among Large Cap ‘Nets... We believe the AMZN Long Thesis is very well intact. AMZN still faces several very large $T TAMs; benefits from a very positive mix shift to faster growth/higher margin AWS and Ads revenue streams; has very strong competitive positions in Retail, Cloud & Advertising; has a very powerful business model in terms of Growth & FCF generation; and has a very competent management team. Among our coverage space, AMZN is arguably the strongest, most successfully diversified company.” To this end, Melich rates AMZN an Outperform (i.e. Buy), with a $190 price target that indicates his confidence in a 50% potential gain heading into next year. (To watch Melich’s track record, click here) Overall, this behemoth of a company has picked up no fewer than 42 recent analyst reviews; their lopsided 41 to 1 split in favor of Buys over Holds gives AMZN its Strong Buy consensus rating. The shares have an average price target of $175.38, implying an upside of ~38%. (See Amazon stock forecast ) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

In comparison, graphics processing unit (GPU) specialist Advanced Micro Devices ( NASDAQ:AMD ) might seem like a bargain to key rival Nvidia ( NASDAQ:NVDA ). While that might be the case on paper, the attempt by both companies to milk the artificial intelligence (AI) wave might fall well short. Therefore, investors shouldn’t look to the smaller technology firm for their next AI trade. I am tactically bearish on AMD stock. AMD Stock Risks Getting Dragged Down by Nvidia’s Vortex To understand the risk factor associated with AMD stock, one only needs to look at Nvidia’s recent decline. While a competitor's suffering might be a cynically bullish narrative for rivals, the problem is that many companies now want a piece of the AI and machine learning (ML) pie. As a result, Nvidia’s sinking could easily drag down the computer processor sector. On the evening of October 16, I shared a cautionary tale about Nvidia, warning that investors must tread vigilantly as the underlying AI market appeared overhyped. Subsequently, by last Friday’s close, NVDA had lost about 6.7% of its equity value. To be fair, AMD didn’t incur as bad of a loss as its nemesis. Nevertheless, it still incurred a similar 6.1% erosion during the same period. Again, it’s not difficult to understand why: both enterprises are fighting for the same AI niches, particularly processors designed to bolster generative AI protocols. In addition, AMD recently announced the acquisition of AI startup Nod.ai. Per TipRanks reporter Shrilekha Pethe, the move represented a bid to catch up to Nvidia. So, with all the investment money being poured into the broader AI ecosystem, NVDA’s recent volatility is hardly good news for the sector. It’s quite possible that – as I argued earlier – Nvidia has already plucked the low-hanging fruit. With raised standards and new competition in the mix, astute investors saw the writing on the wall. Unfortunately, that’s not a Buy signal for AMD stock because both enterprises are in the same boat. Excessive Hype and an Export Crackdown Hurt AMD Fundamentally, the overheated AI narrative wouldn’t be as big of a concern if the broader market operated decisively in a bullish cycle. Unfortunately, with inflation still substantially elevated and thus leaving monetary policy vulnerabilities (i.e. raised interest rates), investors are much more cautious about risk-on asset classes. Further, the geopolitical environment does little to help AMD stock. First, excessive hype imposes anxieties over Advanced Micro’s forward progress in the charts. According to analyst firm CCS Insight, the generative AI industry might get “a cold shower in 2024.” That’s because the harsh realities of integrating digital intelligence – such as costs, risks, and complexities – in platforms to yield practical results may replace the hype underlining the innovation. For clarification, the research firm advocates for AI, believing that it will have a long-term positive impact on the economy. However, CCS Insight chief analyst Ben Wood stated, “The hype around generative AI in 2023 has just been so immense, that we think it’s overhyped, and there’s lots of obstacles that need to get through to bring it to market.” Second, on the geopolitical side, the U.S. Department of Commerce stated that it planned to curb exports to China of advanced processors that can be utilized to for AI-related applications. Naturally, this news diminishes the total addressable market of chip manufacturers. According to market intelligence firm IDC, experts earlier this year projected that China’s AI sector could exceed $26 billion by 2026. Further, hardware would make up 56% of this burgeoning field. Now, the implied bullishness for AMD stock and its ilk comes under serious scrutiny. Bad News for NVDA is Not Good News for AMD Some might argue that the chip export ban disproportionately impacts Nvidia because it’s the leader in AI. Therefore, policymakers want to avoid giving China any advantages by supplying the nation with Nvidia chips. However, that’s not good news for AMD stock. Undergirding the incredible rise of NVDA is the tech giant’s massive revenue growth. In contrast, AMD has absorbed a revenue decline. For example, in the second quarter of Fiscal 2023, Advanced Micro posted sales of $5.36 billion, down sharply from the $6.55 billion posted one year ago. Basically, if Nvidia is hurting because of falling demand, the pain would be felt broadly for enterprises that pivoted toward AI. Is AMD Stock a Buy, According to Analysts? Turning to Wall Street, AMD stock has a Strong Buy consensus rating based on 22 Buys, seven Holds, and zero Sell ratings. The average AMD stock price target is $137.29, implying 37.3% upside potential. The Takeaway: AMD Stock is No Discount For anyone tempted to acquire AMD stock based on weakness in Nvidia, it’s time to rethink the proposition. Yes, NVDA is absorbing the brunt of the damage. However, with many semiconductor companies pivoting toward AI, Nvidia’s loss will probably not be Advanced Micro’s gain. Disclosure

Markets closed down back where they traded earlier in the pre-market session — with the exception of the Nasdaq, which closed higher for the day. The self-policing of high-bond-yield wariness is keeping equities from jumping ahead

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.30%. Stocks on Monday settled mixed, with the S&P...

Meta Platforms, Berkshire Hathaway, and ExxonMobil could be among the next crop of mega-cap corporations to join the trillion-dollar club, alongside corporate heavyweights like Apple, Microsoft, and Nvidia.

Global hedge funds reduced their exposure to mega cap tech stocks in recent days, ahead of the companies' third-quarter earnings, two Wall Street banks said.

Looking at the sectors faring best as of midday Monday, shares of Services companies are outperforming other sectors, up 0.8%. Within that group, Walgreens Boots Alliance Inc (Symbol: WBA) and MGM Resorts International (Symbol: MGM) are two large stocks leading the way, showin

Nvidia dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers.

Nvidia dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers.

The "Magnificent Seven" typically refers to the 1960 Western film, but today’s stock market investors recognize the term as the set of seven big tech stocks, namely Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, Nvidia N

Meta Platforms will release its Q3 earnings this week. Here's a preview of Wall Street's earnings expectations, plus the 7 things that investors should watch for in the report.