The Video Gaming and eSports ETF is seeing unusually high volume in afternoon trading Tuesday, with over 214,000 shares traded versus three month average volume of about 32,000. Shares of ESPO were off about 2% on the day.
Tech stocks were sharply lower Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1.7% and the Philadelphia Semiconductor index falling 2.9%.
Meta Platforms’ META first-quarter 2023 results, set to be reported on Apr 26, are expected to suffer from weak advertising revenues.The Zacks Consensus Estimate for first-quarter advertising is pegged at $26.59 billion, down 1.5% year over year. Our estimate stands at $2
The semiconductor stocks and ETFs have been rising this year on growing optimism that a sales downturn in the industry has reached its lowest point, in part due to a surge in artificial intelligence (AI) technology. Additionally, fears of recession and financial instabili
Several big-name technology and communication services firms report quarterly results this week and while there are concerns earnings per share and profit margins will disappoint, there are also potential glimmers of hope from the high-growth sector. While the current economic environment may not be conducive to sizable earnings beats, some holdings in the Invesco QQQ [...]
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When adding growth stocks to your portfolio, it's wise to choose companies that are active in sectors building the future. Markets such as artificial intelligence (AI), cloud computing, and virtual/augmented reality (VR/AR) are expected to strongly influence countless devices goi
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cloudflare (NET) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to fi
For most people, $1,000 is a fair bit of money. But it could become much more if invested in the right companies over a long enough time frame. Red-hot tech companies like Nvidia (NASDAQ: NVDA) and Duolingo (NASDAQ: DUO) have already rewarded investors this year. Let's discuss wh
Foundry giant Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, released its first-quarter 2023 results on April 20, and the semiconductor bellwether's quarterly performance and outlook clearly point toward a slowdown for the chip industry, at least in the
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Shares of Cadence Design Systems (NASDAQ: CDNS) fell 5.5% in after-hours trading on Monday, after the provider of design solutions for the electronics industry released its first-quarter 2023 report. The stock's decline is attributable to management's second-quarter guidance comi
Fintel reports that on April 25, 2023, Erste Group upgraded their outlook for NVIDIA (NASDAQ:NVDA) from Hold to Buy . Analyst Price Forecast Suggests 8.65% Upside
Artificial intelligence (AI) has the potential to be a revolutionary technology. Bill Gates recently wrote, "The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone." He believes: "Entire industries
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
Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA) stand to gain from the ongoing AI surge, yet their substantial reliance on the consumer market remains critical. Could the headwinds affecting the consumer market be lower than previously expected? Check out the short
As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company's computing capacity, focused on its ability to do cutting-edge artificial intelligence work, according to a company memo dated Sept. 20 reviewed by Reuters.
Nvidia (NVDA) closed at $270.42 in the latest trading session, marking a -0.28% move from the prior day. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%.
Most chip stocks are up off their lows and have trended higher, like NVIDIA Corporation (NASDAQ: NVDA) and On Semiconductor Corporation (NASDAQ: ON). The first quarter season should be solid amid a market downturn, but the guidance may not be enough to keep the market moving hig
Do Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) chips stand on equal ground, or does each have unique strengths and weaknesses? Check out the short video to learn what semiconductor investors Jose Najarro, Nicholas Rossolillo, and Billy Duberstein had to say. Also, consider