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Over the past three decades, Wall Street has seen its fair share of next-big-thing investments come and go. These include the rise of the internet, business-to-business commerce, genomics, 3D printing, cannabis, blockchain technology, cloud computing, and the metaverse. The next

It would be an understatement to say that Nvidia (NASDAQ: NVDA) crushed Wall Street's expectations with its outstanding guidance when it released its fiscal 2024 first-quarter results for the three months ended April 30 on May 24. The next day, shares of the graphics card special

Regardless of how long you've been investing, the pace of change on Wall Street is something to marvel at. In 2021, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) were r

For Immediate ReleaseChicago, IL – May 30, 2023 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Nvidia NVDA, Microsoft MSFT, Alphabet GOOGL, Apple AAPL and Meta META.

Japan's Nikkei share average advanced for a fourth straight session on Tuesday amid optimism for increased investment in the country's semiconductor industry.

Japan's Nikkei share average slid on Tuesday, taking a breather from a three-decade high, as investors awaited U.S. consumer confidence data and a conclusion to debt ceiling talks.

To say that animal spirits have returned to the semiconductor space would be an understatement. It seems like a long time ago now, but the sector actually struggled mightily in 2022. However, advances in artificial intelligence (AI), and the tantalizing long-term opportunity that this technology presents, have reignited investor enthusiasm for this sector of the market, as investors increasingly appreciate the fact that semiconductors are fueling the AI revolution. After Nvidia’s ( NASDAQ:NVDA ) blowout first-quarter earnings call (more on that later), sell-side analysts from Susquehanna called AI the “new gold rush” and hailed Nvidia as the company selling the picks and shovels for it. Nvidia is dominating the headlines right now, and rightfully so, but remember that there are also other chip stocks providing these AI "picks and shovels," including Marvell ( NASDAQ:MRVL ) and Advanced Micro Devices ( NASDAQ:AMD ). One way to invest in these picks-and-shovels plays collectively is with a concentrated semiconductor ETF like the Invesco PHLX Semiconductor ETF ( NASDAQ:SOXQ) . Therefore, let’s take a look at this semiconductor-centric ETF that gives investors significant exposure to these leading semiconductor companies. What is SOXQ ETF? SOXQ is a relatively small $128 million ETF from Invesco that invests in the PHLX Semiconductor Sector Index. The Index is designed to measure the performance of the 30 largest U.S.-listed semiconductor stocks; it encompasses all parts of the semiconductor supply chain, including companies "engaged in the design, distribution, manufacture and sale of semiconductors," according to Invesco ( NYSE:IVZ ). The index and fund are reconstituted on an annual basis and rebalanced quarterly.  With investor enthusiasm for AI and semiconductors surging, it’s perhaps unsurprising that SOXQ is up 42% year-to-date. The ETF only launched in 2021, so it doesn’t have much of a long-term track record. However, the PHLX Semiconductor Index itself has been around for a long time. As of the end of April, the index itself had a total return of 21.7% over the past three years. Over the past five and 10 years, the PHLX Semiconductor Index has posted similarly impressive total returns of 21.2% and 23.1%, respectively.  SOXQ also features a very reasonable expense ratio of just 0.19%. This means that an investor putting $10,000 into SOXQ would pay just $19 in fees over the first year. This expense ratio compares favorably to that of some of the most popular semiconductor ETFs on the market, like the iShares Semiconductor ETF ( NASDAQ:SOXX) and the VanEck Semiconductor ETF ( NASDAQ:SMH) , which both have expense ratios of 0.35%. Its also far cheaper than some of the notable AI-specific ETFs out there, like the Global X Robotics & Artificial Intelligence ETF ( NASDAQ:BOTZ) or the ARK Autonomous Technology & Robotics ETF ( BATS:ARKQ) , which have higher expense ratios of 0.69% and 0.75%, respectively. Investing in ETFs with low fees helps you to preserve the value of your portfolio over time. SOXQ's Holdings SOXQ is not particularly diversified -- it has only 31 holdings, and its top 10 holdings account for 64.5% of the fund. Nevertheless, if you’re looking for undiluted exposure to semiconductors and names like Nvidia, AMD, and Marvell, to name a few, this isn’t necessarily a problem. SOXQ gives investors significant exposure to these AI leaders. Nvidia is the fund's top holding, with an 11.2% weighting. At this point, even the most casual investor is likely aware of Nvidia’s day for the ages on Thursday when it reported blowout earnings. Nvidia, which had already more than doubled in price in 2023 and was one of the largest companies in the world by market cap, added almost $184 billion to its market cap in one day with a 24.4% gain, falling just shy of the largest single-day gain in market cap in history. Nvidia forecasted current quarter sales of approximately $11 billion, a 64% increase year over year, blowing out analyst estimates of $7.2 billion. CEO Jensen Huang says that generative AI applications like ChatGPT are driving demand for its chips, as these types of applications require substantial computing power. ChatGPT was only unveiled to the public last November, but it quickly became a sensation, hitting over 100 million users in just two months on its way to becoming the fastest-growing application of all time. The aforementioned Susquehanna analysts marveled at the fact that the virality of these applications is already translating into increased orders for Nvidia, calling it “unimaginable.” AMD isn’t far behind Nvidia, with a 10.8% weighting in SOXQ. AMD has its own lineup of AI chips, and analysts from Morgan Stanley ( NYSE:MS ) recently acknowledged that AMD's AI opportunity may be much more substantial than they initially forecasted. Analysts from the investment bank said that they initially expected AMD to have AI revenue of $100 million in 2024 but that they could generate as much as $400 million, or even $1.2 billion, in a bull case scenario. Beyond these two juggernauts, SOXQ is composed of a who’s who of other top semiconductor companies. Broadcom ( NASDAQ:AVGO ) is the third-largest holding with a 9.1% weighting. Texas Instruments ( NASDAQ:TXN ), which makes the analog chips that are crucial for all digital devices, comes in fourth with a 6.9% position. You’ll also find semiconductor fabricators like Taiwan Semiconductor ( NYSE:TSM ) and ASML Holding ( NASDAQ:ASML ), which are cornerstones of the semiconductor supply chain and manufacture chips for the likes of Nvidia and AMD. Lam Research ( NASDAQ:LRCX ), also represented here with a 4.3% weighting, makes and services equipment that is needed for the manufacturing of semiconductors. You can almost think of these types of companies as the picks-and-shovels providers to the picks-and-shovels providers. Lastly, the aforementioned Marvell makes up 4% of the fund. Marvell saw Nvidia's blowout results and historic gain on Thursday and said, "Hold my beer" when it reported earnings on Friday. In other words, shares of Marvell surged almost 30% for the day. On its call, Marvell broke out AI-related revenue and said that revenue from its AI business was $200 million last year. It expects AI revenue to double each of the next two fiscal years. Below, you can view S OXQ's top 10 holdings. What is the Price Target for SOXQ Stock? Analysts collectively view SOXQ as a Moderate Buy, but the average SOXQ stock price target of $28.87 implies upside potential of just 3.2% from current prices. This means that in the short term, SOXQ could be overbought (more on this later). Of the 442 analyst ratings on SOXQ, 68.1% are Buy ratings, 27.8% are Holds, and 4.1% are Sells.  Additionally, SOXQ has an impressive ETF Smart Score of 8. As this is an article about semiconductors and AI, it's only right to take a look at how quantitative, non-human models view SOXQ. The Smart Score is TipRanks’ proprietary quantitative stock scoring system that evaluates stocks on eight different market factors. The result is data-driven and does not require any human intervention. A Smart Score of 8 or above is the equivalent of an Outperform rating. Looking Ahead -- Take the Long-Term View In conclusion, SOXQ is a strong, low-cost way to get exposure to the picks-and-shovels plays that will continue to benefit from the AI megatrend. It's hard to argue that companies like Nvidia, AMD, and Marvell won't be key players in advancing this technology for years to come. In the short term, all of these stocks are making new 52-week highs, and it's likely that some of them will pull back at some point. On the other hand, I also wouldn't want to not have exposure to these names, as AI is clearly here to stay and is just getting started on disrupting many industries. Thus, my strategy (not financial advice) with an ETF like this would be to start a position now to get a foothold in this part of the market and then to dollar cost average over time on pullbacks on my way to building a full position. Disclosure

Nvidia's (NASDAQ: NVDA) stock price is soaring to astronomical levels. In this video, fool.com contributor and finance professor Parkev Tatevosian elaborates on Nvidia's phenomenal performance.

Mega-cap tech has largely benefited from the rise of generative AI. Though the heavyweights may have the most to gain from artificial intelligence (AI) advancements, I do think it's still worth considering the less-obvious tech stocks at this juncture. Sure, such names may not enjoy the same "economies of scale" as they look to embed generative AI alongside current offerings. That said, relative valuations seem to make more sense since AI investors seem to be chasing a few frothy names these days. Undoubtedly, not every firm can stack up against Nvidia ( NASDAQ:NVDA ) on the AI front. Still, additional upside may be limited after the stock's incredible 24.6% surge last week. Though Nvidia may still be viewed as the most influential company to profit from the rise of AI, the price you'll pay is excessive. Simply put, the Nvidia trade is crowded right now, perhaps too crowded for the value-conscious crowd. Therefore, let's use TipRanks' Comparison Tool to check out two relatively-small tech companies that could have more AI-driven upside than the heavyweights that have seen their multiples expand rapidly in recent months. 1. Snap ( NYSE:SNAP) Snap is a video-based social-media company that's quickly hopped on the AI bandwagon with its "My AI" offering. Though intriguing, not every Snapchat user has been happy with the ChatGPT-based product. Various users are reportedly frustrated the feature is pinned to their feeds. Could it be that Snap rushed into the generative AI field? That may very well be the case. As Snap looks to better tailor its chatbot, users could gain a better appreciation for the AI in time. For now, I'd look for Snap to explore the potential for AI to drive growth. Indeed, there are many angles Snap could take. With expectations relatively modest after the stock's disastrous 90% peak-to-trough drop, I'm staying bullish on shares of Snap. In the latest quarter, Snap reported surprisingly decent user growth, with DAUs (daily active users) rising to 383 million, up 15%. Markets outside of the U.S. were the primary driver of user growth. Looking ahead, growth is expected to be modest. With Snapchat's AI offering considered by many to be a flop, it's tough to see how Snap can respond. At this juncture, generative AI seems more like an offering that could help Snap increase the value of its ads. In that regard, I view AI as a potential margin enhancer as the company looks to overcome its monetization and profitability issues. Looking ahead, the company is looking to bring ads to Spotlight (its short-form content platform in the Snapchat app) and My AI. Throw a TikTok ban into the equation, and Snap may be sitting on a potential gold mine in Spotlight. For now, Snap doesn't seem to be valued like a stock with AI upside. At 3.6 times price-to-sales, shares are considerably lower than the software industry average of 11.7 times. What is the Price Target for SNAP Stock? Snap has a Hold consensus rating based on five Buys, 18 Holds, and one Sell. The average SNAP stock price target of $10.03 implies 2.4% downside potential. 2. Duolingo ( NASDAQ:DUOL) Duolingo is a popular language-learning app that's been heating up this year, now up over 110% year-to-date. AI is a big reason behind the recent surge in enthusiasm. With the power of ChatGPT by its side, the app can provide personal feedback to users under its subscription tier Duolingo Max. Indeed, Duolingo with AI seems to be a combo that could prove quite disruptive. For this reason, I am bullish on the stock. Duolingo Max sounds like an offering right out of a sci-fi movie. Not only can the app use the power of AI to explain mistakes in detail, but it can provide an AI to chat with. Undoubtedly, conversing in a different language is another way to sharpen one's skills. Duolingo seems to have the edge over its peer group, which may be overly reliant on older methods of teaching languages. The $6.1 billion innovator is very much an AI stock, and I still believe there's ample upside to be had, even as shares eclipse 14 times trailing price-to-sales, well above the software industry average. Duolingo has successfully gamified the daunting task of learning a language. The company now seems ready to take things to the next level with AI technologies that could make learning French, Spanish, and other languages easier and more fun than ever before. What is the Price Target for DUOL Stock? Duolingo is a Strong Buy on Wall Street, with six Buys and two Holds. Currently, the average DUOL stock price target of $152.63 implies 2.3% upside potential. Conclusion Even with profound AI tailwinds and a swelling addressable market, overvaluation is a concern. Though I don't think AI stocks are in a "mini bubble," I believe investors looking to capitalize on the trend should be more selective and mindful of valuations. This is where stocks like the ones mentioned above come into play, as they are much cheaper than popular AI stocks like NVDA, which trades at 37 times sales. Disclosure

Below is Validea's guru fundamental report for NVIDIA CORPORATION (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 c

Wall Street delivered a mixed performance last week with the S&P 500 and the Nasdaq adding 0.3% and 2.5% while the Dow Jones and the Russell 2000 losing about 1% and 0.04%, respectively. The tech-heavy Nasdaq surged due to the

Nvidia Corp said on Monday it was building Israel's most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications.

If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the SPDR Portfolio S&P 500 Growth ETF (SPYG), a passively managed exchange traded fund launched on 09/25/2000

There's arguably no bigger buzz phrase on Wall Street right now than "artificial intelligence." AI, as it's more commonly abbreviated, describes the use of software and systems that handle tasks usually overseen by humans. The game-changer is the machine-learning capacity of AI,

(RTTNews) - Chipmaker Nvidia (NVDA) has been making headlines with its extensive new lineup of AI product launches and services. At the Computex conference in Taipei, NVIDIA founder and CEO Jensen Huang unveiled a range of cutting-edge equipment, software, and services.

The recovery in the share prices of large  technology companies and the rally in top  chip stocks, including Nvidia ( NASDAQ:NVDA ) and Advanced Micro Devices ( NASDAQ:AMD ), have driven the Invesco QQQ Trust ( QQQ ) ETF ( Exchange-Traded fund) higher. Up about 31% year-to-date, QQQ recently crafted a new 52-week high of $349.24. Meanwhile, it has significantly outperformed the broader S&P 500 Index ( SPX ) by a wide margin. While QQQ has gained in value, analysts see further upside.  Lower valuation, significant cost-cutting measures, improving demand trends, and easing inflation have led to a recovery in tech stocks, pushing the QQQ ETF’s stock price higher. For instance, QQQ tracks the Nasdaq-100 index ( NDX ), and its  top five holdings, including Microsoft ( NASDAQ:MSFT ), Apple ( NASDAQ:AAPL ), Nvidia, Amazon ( NASDAQ:AMZN ), and Alphabet ( NASDAQ:GOOGL ) have delivered substantial gains in 2023. Refer to the image below for the weightage and performance of its top five holdings so far this year.  What’s the Prediction for QQQ ETF?  On TipRanks, the QQQ ETF has an  Outperform Smart Score of eight, suggesting it could continue to outperform the broader market averages. Moreover, the ETF has further upside potential based on the analysts' consensus view of nearly 2K ratings.  Per the recommendations of 1,719 analysts giving stock forecasts for the holdings of QQQ, the 12-month average  Invesco QQQ Trust ETF price target of $375.77 implies 7.85% upside potential from current levels. Also, the ETF sports a Moderate Buy consensus rating on TipRanks.  Among the analysts providing ratings on its holdings, 66.96% have given a Buy rating, 29.20% have assigned a Hold rating, and 3.84% have given a Sell rating. Bottom Line  QQQ offers exposure to the top tech stocks with diversification, thus reducing your overall risk. Meanwhile, its market-beating returns, analysts’ optimistic outlook, and low expense ratio make it an attractive tech-focused ETF.  While QQQ has registered significant gains this year, it has lagged behind this tech ETF.  Disclosure

Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers using artificial intelligence.

Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia Corp CEO Jensen Huang said on Monday, hailing the end of the "digital divide".

(RTTNews) - NVIDIA (NVDA) announced its GH200 Grace Hopper Superchip is in full production, and systems with these Superchips are expected to be available beginning later in the current year. The GH200-powered systems join more than 400 system configurations powered by different

Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers using artificial intelligence.