Nvidia (NASDAQ: NVDA) just reported another quarter of explosive growth, with revenue and net income climbing in the triple digits into the billions of dollars. The artificial intelligence (AI) chip leader scored big as more and more companies flocked to buy its top-performing ch
2023 was been an impressive year for the U.S. stock market, with the S&P 500 and the Nasdaq Composite posting returns of 24.5% and 43.4%, respectively. Increasing investor optimism on the back of easing inflation and a stronger-than-expected economy in late 2023 played a majo
Super Micro Computer (NASDAQ: SMCI), more commonly known as Supermicro, has seen its stock skyrocket by 2,220% over the past three years. That stunning rally was fueled by the rapid expansion of the artificial intelligence (AI) market, which drove data center operators to purchas
Nvidia's (NASDAQ: NVDA) stock surged 16% to a new all-time high on Feb. 22 after the chipmaker's latest earnings report crushed Wall Street's expectations. For the fourth quarter of fiscal 2024, which ended on Jan. 28, its revenue surged 265% year over year to $22.1 billion and s
Over the last decade, various players in the semiconductor industry have been getting acquired in bids to consolidate the market. One specific type of chip drew significant attention: field programmable gate arrays, or FPGAs -- a chip type with growing relevance because it's used
Friday, February 23, 2024The 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 Toyota Motor Corp. (TM), Advanced Micro De
The S&P 500 Index reached another record high in the wake of Nvidia Corp.’s NVDA blockbuster earnings, which spread bullishness across the globe. SPDR S&P 500 ETF Trust SPY, the proxy version of the S&P 500 Index, has
Shares of Synopsys, Inc. SNPS jumped 6.9% after reporting first-quarter fiscal 2024 earnings of $3.56 per share, beating the Zacks Consensus Estimate of $3.43.Moderna, Inc.’s MRNA shares rose 13.5% after reporting fourth-quarter 2
Technology stocks rallied in 2023, supported by the artificial intelligence (AI) frenzy. The momentum continues in early 2024. However, a section of technical and financial experts has warned that the AI space is much hyped and li
Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with stro
Nvidia's (NASDAQ: NVDA) development of high-end data center GPUs for processing machine learning and artificial intelligence (AI) tasks has turned it into a hypergrowth stock over the past couple of years. All of the world's leading AI companies -- including ChatGPT's developer O
In today's video, I discuss recent updates impacting Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below.
History is proof the U.S. stock market always climbs to new highs given enough time. But the stocks that lead the charge higher aren't always the same. To help find the new leaders, Wall Street often groups them together to separate them from the rest of the market. For example,
A global consortium of semiconductor industry groups has asked India to reconsider its plan to push for duties on cross-border digital e-commerce and data transfers at an upcoming global trade meeting, warning that India's stance will stifle its own chip design industry.
The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +2.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.01%. Stock indexes on Thursday rallied sharply, with the S&P 500 and Dow Jones Industrials...
The S&P 500 and Dow Jones Industrial Average both surged to record closing highs on Thursday, powered by investors piling into growth and technology stocks the day after artificial intelligence poster child Nvidia's bumper earnings and outlook.
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