Nasdaq NVDA Nvidia

Nvidia (NASDAQ: NVDA) is knocking on the door of a 170% year-to-date gain. And that door could swing wide open at any time.

2023 has been one of the most divergent and lopsided years in recent memory in equities markets. After value dominated 2022, tech is back to being king this year - bolstered by the AI revolution and big forward expectations in AI-

Garmin GRMN is constantly gaining momentum in the wearable market on the back of its robust smartwatches.Recently, the company introduced a series of premium multisport GPS smartwatches, namely the fenix 7 Pro.The fenix 7 Pro smar

As of June 5, 2023, there are nine exchange-traded funds (ETFs) focusing on artificial intelligence (AI) with a total asset value of at least $1 billion. The AI connection is fairly loose in some cases. Others are so broadly diversified that it's hard to find a specific target ar

If you're looking to invest $2,500 somewhere it'll grow, but you're a bit leery of buying an increasingly overpriced and hyped-up growth stock like Nvidia, Fulgent Genetics (NASDAQ: FLGT) might be up your alley. Its shares are priced for bargain hunters, and its growth prospects

Tech stocks rebounded, delivering stellar gains so far this year. For instance, shares of big tech giants like Apple ( NASDAQ:AAPL ), Microsoft ( NASDAQ:MSFT ), Alphabet ( NASDAQ:GOOGL )( NASDAQ:GOOG ), Amazon ( NASDAQ:AMZN ), Meta ( NASDAQ:META ), and Nvidia ( NASDAQ:NVDA ) have defied the weak general market trend and are up about 39%, 41%, 43%, 49%, 126%, and 168%, respectively, on a year-to-date basis. While the rally reflects equity investors’ buoyant mood on tech stocks, Morgan Stanley’s strategist Mike Wilson anticipates the possibility of a downturn or a correction in the technology sector. Tech Stocks - The Recent Past and Near Future Contrary to the fears of a recession gripping the market in 2023, the economy has proven to be less severe than anticipated. Although the market still exhibits weakness, the expectations of easing monetary policy due to the moderation in the inflation rate, the lower valuation of tech stocks at the start of 2022, and the concerted efforts of these companies to implement cost-cutting measures have all contributed to a revival in their stock prices. Thanks to this recovery, the NASDAQ 100 Index ( NDX ), which is primarily focused on tech companies, has gained over 33% year-to-date and handily surpassed the S&P 500 ( SPX ).  Adding to the growth of these tech stocks is the evolution of  AI (Artificial Intelligence). Investors have been bullish about anything and everything related to AI. Interestingly, not only individual stocks but  tech and AI-focussed ETFs ( Exchange-Traded funds) have also seen  large inflows of cash.    While investors’ sentiment has largely been positive, Wilson maintains a bearish tone. Back in April, Wilson warned that tech stocks would not be able to sustain their recent gains. More recently, the U.S. equity strategist said that a decline in corporate earnings would lead to a correction in stocks. He expects a disappointing performance in the second-half earnings of U.S. corporations, leading to a selloff in equities.  While Wilson reiterated his bearish call on tech stocks and the broader market, let’s check out what’s on the horizon for these tech giants.  The Upside Potential Remains Low TipRanks’  Stock Comparison tool shows that the  Top Wall Street analysts are bullish about these tech stocks. All of these stocks, except for Apple, command a Strong Buy consensus rating on TipRanks. However, the upside in the shares of these companies based on analysts’ average price targets shows limited upside potential.  Nvidia, which has gained the most among these companies, is the only stock offering double-digit upside potential based on the average price target.  Moreover, investors should note that NVDA, AAPL, and MSFT stocks have recouped all of their post-pandemic losses and are trading near their all-time highs. Meanwhile, Alphabet stock has recovered most of its lost ground and has significantly outperformed the broader markets.  However, Amazon and Meta stocks have lagged the S&P 500 index over the 5-year period and are yet to recover most of their pandemic gains.  Bottom Line  The recent rally and macro uncertainty could limit the upside in tech stocks in the near term. Analysts’ average price targets also substantiate this view. While most of these stocks carry a Strong Buy consensus rating, only Apple and Nvidia stocks have the  “Perfect 10” Smart Score.  However, NVDA, with a Strong Buy consensus rating and a Perfect 10 Smart Score, appeals the most, based on TipRanks’ valuable datasets and tools.  The  chip company has benefitted a lot from the rise of generative AI and its  dominant position in that space. NVDA is poised to deliver solid growth on the back of solid demand for its AI chips. Meanwhile, autonomous driving and high-end infotainment could further support growth in the auto segment, noted  Christopher Rolland of Susquehanna. The recent surge in NVDA stock has driven its valuation higher. However, the analyst believes that its premium valuation is warranted as NVDA is well-positioned to capitalize on its growing end markets.  Disclosure

For Immediate ReleaseChicago, IL – June 6, 2023 – Zacks Equity Research shares Toll Brothers, Inc. TOL as the Bull of the Day and Comstock Resources, Inc. CRK as the Bear of the Day. In addition, Zacks Equity Research provides ana

There has been a lot of talk about artificial intelligence and the impact it will have on humanity and the economy ever since the release of ChatGPT last November. But that enthusiasm began to translate into eye-opening financial results with Nvidia's (NASDAQ: NVDA) blowout guida

Cathie Wood has made a name for herself by investing in innovative companies. Her Ark Invest exchange-traded funds (ETFs) have ranked among the top performers in the past.

The era of artificial intelligence (AI) has begun. AI is set to disrupt enormous markets, while creating entirely new industries and turbocharging others. It will be the worst of times for some -- and the best of times for many.

Broadcom (AVGO) and Dell Technologies (DELL) are two notable technology companies that were able to beat earnings expectations last week. Both companies are also trending names in the landscape of artificial intelligence which has

Intel Corp is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc, according to a regulatory filing on Monday.

The S&P 500 ended lower on Monday as investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground.

The S&P 500 ended lower on Monday as investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground.

AI has taken the U.S. investing world by storm over the last several weeks. Since the big coming-out party for OpenAI’s ChatGPT bot, AI has become a dominant theme. Whether helping firms like NVIDIA (NVDA) report positive earnings or breathing new life into crypto, AI has taken over. Amid that turn, a notable AI Innovation [...] Read more at ETFtrends.com.

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Booking Holdings Inc (Symbol: BKNG), where a total volume of 3,527 contracts has been traded thus far today, a contract volume which is representative of approxi

Rubrik Inc, a U.S. cybersecurity software startup backed by Microsoft Corp and valued at $4 billion in a fundraising round two years ago, has hired banks for an initial public offering, four people familiar with the matter said.

We closed last week of trading with one of the biggest upswings all year so far: +701 points (+2.12%) on the Dow, +1.45% on the S&P 500 and another +1.07% on the still-hot Nasdaq, even after a big jobs report than morning migh

Many investors want to enter the semiconductor market but believe companies like Nvidia (NASDAQ: NVDA) might be overvalued. Here are four chip stocks with numerous growth opportunities, positive earnings, and positive free cash flow. Check out the short video to learn more, consi

Artificial intelligence continues to be a hot topic for investors, and it seems like the winners are clear. But there may be major changes coming in the next few years as more open-source models are used and inference is run on device. In this video, Travis Hoium goes over the bi