Nasdaq NVDA Nvidia

Nvidia (NASDAQ: NVDA) is dominating Advanced Micro Devices (NASDAQ: AMD) in their respective artificial intelligence (AI) offerings. Nvidia grew second-quarter revenue by 102% versus AMD's 18% decline. With how large an opportunity AI is, AMD couldn't afford to sit on the sidelin

Futures for Wall Street's main indexes fell on Tuesday as investors assessed diplomatic efforts to contain the Middle East conflict, while awaiting a slew of corporate earnings and data to gauge the state of the U.S. economy.

For Immediate ReleaseChicago, IL – October 17, 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

Chipmaker Nvidia (NASDAQ: NVDA) has become a Wall Street darling. It's soared by a whopping 215% year to date as it takes advantage of the opportunity in artificial intelligence (AI), which boosts demand for its cutting-edge hardware.

The Vanguard S&P 500 Growth ETF (VOOG) was launched on 09/09/2010, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.

After a terrible 2022, the Nasdaq Composite delivered impressive returns of 29% so far in 2023, driven by a solid surge in technology stocks.

When you get a stock tip, it's important to look beyond the performance of the stock to see how the business is performing. Identifying businesses with a record of growth and large opportunities for business expansion can point you toward stocks that can produce lasting wealth.

The rally in artificial intelligence (AI) stocks greatly benefited Nvidia (NASDAQ: NVDA). The stock is up more than 200% since the beginning of the year and sells close to all-time highs.

When examined over multidecade periods, Wall Street's three major stock indexes -- the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) -- are undeniable moneymakers. But when explored over shorter spans, the

Without question, Nvidia ( NASDAQ:NVDA ) dominated proceedings this year thanks to its graphics processors, which help power ever-advancing artificial intelligence (AI) and machine learning protocols. Nevertheless, investors may need to tread cautiously with the underlying hype train. With expectations heightened, the company just might not be able to replicate prior results. Therefore, I am tactically bearish on NVDA stock. NVDA Stock May Need a New Viable Catalyst Since the start of the year, NVDA stock has gained over 220%, a remarkable achievement given its massive size. Sporting a market capitalization of around $1.14 trillion, Nvidia is no spring chicken. Yet, it’s performing like a technology startup with an exciting new product. Still, its recent print paints a humbler picture, suggesting that the company may need a new (and viable) catalyst. Since the end of June this year, NVDA stock has only moved up by around 9%. To be sure, the incredible rally that Nvidia enjoyed requires a healthy consolidation to reload for the next phase higher. Naturally, analysts have continued to sing the company’s praises while upping their price targets. At the highest, Rosenblatt Securities’ Hans Mosesmann forecasts NVDA hitting $1,110 per share. Still, for shares to more than double in value will likely require an exciting new application or venture. For example, what helped catapult NVDA stock earlier was the intense focus on generative AI. Today, people across various industries are raving about the utility and intuitiveness of ChatGPT. However, NVDA stock has already priced in this enthusiasm. Certainly, other AI applications exist to which Nvidia offers tremendous relevance. Perhaps most notably, the company specializes in automotive software that offers both driver assistance systems and specific autonomous driving capabilities. Unfortunately, this avenue may face significant challenges. Increasingly, regulators have grown concerned about the safety of autonomous driving systems. Rising incidents suggest that driverless vehicles may be further out than previously thought. Thus, Nvidia needs something fresh and exciting to incentivize investors to hold the risk. Even Generative AI Might Not be "All That" for Nvidia While it might be a sacrilegious statement, given the heightened interest in digital intelligence, generative AI might not even be all that great. For instance, while people may still rave about ChatGPT, experts have also noted that the protocol can occasionally emit erroneous statements or “hallucinate” outputs. While that’s not a direct headwind for NVDA stock, such inaccuracies may impugn its market value. Basically, powering various advanced AI protocols won’t mean much if the output occasionally generates flaws. If you can’t trust the answers 100% of the time, this flaw requires human oversight for correction. However, if an AI system requires such human intervention, why bother with it in the first place? Now, for answering homework questions, the consequences for inaccurate outputs aren’t as dire. However, if we’re talking about driverless vehicles amid heavy car and pedestrian traffic, hallucinations can be deadly. In other words, NVDA stock has gained handsomely from the low-hanging fruit of AI. The next step, making AI more consistently reliable, may involve substantial time and financial resources. Such a phase might yield a lower return on investment compared to the low-hanging fruit phase, making NVDA unusually risky. A Matter of Valuation About one year ago, NVDA stock traded at an earnings multiple of 44.1x. After soaring almost 300% during the past 365 days, the current earnings multiple stands at just over 110x. Either way, NVDA traded well above the underlying semiconductor industry’s average price/earnings ratio, and its valuation is extremely high at the moment. Therefore, it’s a classic baseball question. Do you want to keep your starting pitcher, who might be gassed, late in the game? Or do you want to go to the bullpen? From a practical standpoint, it might make sense to trim excessive exposure to NVDA stock and rotate into a more valuation-attractive idea. The risk-reward profile just isn’t as appealing as it was a year ago. Is NVDA Stock a Buy, According to Analysts? Turning to Wall Street, NVDA stock has a Strong Buy consensus rating based on 38 Buys, one Hold, and zero Sell ratings. The average NVDA stock price target is $649.82, implying 41% upside potential. The Takeaway: NVDA Stock May Need a Break There’s a reason why starting pitchers in baseball need a few days in between starts, and the same concept may apply to NVDA stock. To be clear, this assessment isn’t about casting aspersions on Nvidia. It’s been a phenomenal performer, as any cursory glance at the charts will reveal. However, its valuation is high now, and even the best need a break sometimes. Disclosure

Earnings season is upon us again and one area of the broader technology sector that investors will be watching is the results from semiconductor companies.

In the latest market close, Nvidia (NVDA) reached $460.95, with a +1.39% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 1.06%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heav

Wednesday, October 16, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including NVIDIA Corporation (NVDA), The Procter &

The U.S. will take steps to prevent American chipmakers from selling semiconductors to China that circumvent government restrictions, a U.S. official said, as part of the Biden administration's upcoming actions to block more AI chip exports.

Shares of semiconductors giants Intel (NASDAQ: INTC) and Broadcom (NASDAQ: AVGO) were eking out small gains in early afternoon trading Monday, up 2% and 1.8%, respectively. Meanwhile, tiny rival Indie Semiconductor (NASDAQ: INDI), a specialist in chips designed for use in automob

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true poten

Aside from the explosion in demand for data center chips designed for artificial intelligence (AI) workloads, most segments of the semiconductor industry have struggled this year.

With the list of headwinds for the stock market, from high interest rates to geopolitical concerns in the Middle East, investors hope that soon-to-be-released third-quarter earnings results from the mega-cap technology companies will boost market sentiment. The biggest U.S technology companies have slashed thousands of jobs and reduced costs, and...

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

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