Nasdaq NVDA Nvidia

The prospects for the technology sector are shaping well as the economy enters 2024 with cooling inflation, forecasts of several interest rate cuts, and improved consumer spending. To top this, the ongoing  artificial intelligence (AI) race continues to push tech firms to innovate new products, which appears to be promising for the expansion of the industry. Therefore, investors with a long-term investment horizon could consider investing in the tech sector.  Leveraging the TipRanks  Stock Screener tool, we have shortlisted stocks with the potential to outperform the market averages. These five stocks have received a Strong Buy rating from analysts and have an Outperform  Smart Score (i.e., 8, 9, or 10) on TipRanks. Moreover, the analysts’ price targets reflect an upside potential of more than 20%. Here are the five key stocks from the tech sector that investors can consider. Nvidia ( NASDAQ:NVDA ) – This software company manufactures computer graphics processors, chipsets, and related multimedia software. The stock’s price forecast of $661 implies a 36.7% upside potential. NVDA stock has a  Smart Score of “Perfect 10.” This week, two analysts rated the stock a Buy. Nice ( NASDAQ:NICE ) – NICE specializes in customer relations management software, AI, digital, and workforce engagement management solutions. Analysts currently see an upside potential of 28.6% in NICE stock. Also, it has a  Smart Score of “Perfect 10.” Smartsheet ( NYSE:SMAR ) –  The company designs and develops a cloud-based platform for work management. The stock’s price forecast of $55.21 implies a nearly 22% upside. SMAR stock has a top-notch Smart Score of “Perfect 10.” Following  upbeat Q2 results released on December 8, six analysts rated the stock a Buy. Braze ( NASDAQ:BRZE ) – Braze is a customer engagement platform that powers customer-centric interactions between consumers and brands. BRZE stock has an analyst consensus upside of 24% and a  Smart Score of nine. The company reported better-than-expected fiscal Q3 results on December 7, after which 15 analysts rated the stock a Buy. Axcelis Technologies ( NASDAQ:ACLS ) – Axcelis manufactures dry strips, ion implantation, and other processing equipment used in the fabrication of semiconductor chips. ACLS stock’s average price target implies a consensus upside of 29.8%. Moreover, it has an outperforming Smart Score of eight. Disclosure

The magnificent seven cohort of mega-cap growth stocks have loomed large for investors. They drove a significant portion of the impressive returns notched by broad market indexes. Big gains by  Apple, Alphabet (Google), Meta Platforms, Amazon.com, Nvidia, Microsoft, and Tesla are prompting market participants to wonder whether or not sequels are in store next. History [...] Read more at ETFTrends.com.

With 2023 drawing to a close, the time has come once again to take a longer look at what next year might bring. As part of VettaFi’s 2024 Market Outlook Symposium, Vettafi Vice Chairman Robert Huebscher sat down with Professor Jeremy Siegel to discuss. Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton [...] Read more at ETFTrends.com.

U.S. stocks ended firmer on Thursday, with the Dow Jones Industrial Average notching its second straight record high close, lifted by optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve.

Shares of Super Micro Computer (NASDAQ: SMCI) were rallying on Thursday, up a whopping 7.5% on the day as of 2:35 p.m. ET.

Intel on Thursday said that dozens of personal computer makers are using its newest chip, as the company and its customers try to entice consumers to upgrade their machines for a new era of chatbots.

Adobe Inc. ADBE released fourth-quarter fiscal 2023 non-GAAP earnings of $4.27 per share, beating the Zacks Consensus Estimate by 3.4%. The figure improved 18.6% on a year-over-year basis.Total revenues were $5.05 billion, which b

Technology has turned out to be the most profitable sector in 2023, driven by the artificial intelligence (AI) boom, easing inflation, a surge in “Magnificent Seven” stocks and a crypto rally. Additionally, bets that the Fed’s agg

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Below is Validea's guru fundamental report for NVIDIA CORP (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 consiste

Nvidia (NASDAQ: NVDA) has been one of the top stocks to own in 2023, rising from $142 to around $480 now -- about a 230% gain. I don't think anyone is expecting Nvidia stock to repeat its performance of last year and triple its size; if it did, it would become the world's largest

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been up and down in 2023, but right now the company looks well positioned to grow in search, the cloud, and even autonomous driving.

U.S. stock index futures gained on Thursday, a day after the Federal Reserve hinted an end to its recent aggressive rate hikes and signaled that borrowing costs would be lower next year.

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel

U.S. stock index futures gained on Thursday, a day after the Federal Reserve hinted an end to its recent aggressive rate hikes and signaled that borrowing costs would be lower next year.

In today's video, I discuss recent semiconductor updates impacting ASML (NASDAQ: ASML), Nvidia (NASDAQ: NVDA), and Taiwan Semiconductor Manufacturing (NYSE: TSM). Check out the short video to learn more, consider subscribing, and click the special offer link below.

Artificial intelligence (AI) has been the driving force behind the surge in technology stocks in 2023, leading to a 57% jump in the Nasdaq-100 Technology Sector index this year as several companies are benefiting -- or stand to benefit -- from the growing adoption of this technol

In the third quarter, S&P 500 companies reported earnings growth for the first time in a full year. Wall Street strategists expect that momentum to accelerate in the fourth quarter, and the prospect of another round of strong financial results is just one of the factors pushi

The biggest market story of the year is the outsized role of the Magnificent Seven stocks in the market rally. Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon AMZN, NVIDIA NVDA, Meta Platforms META and Tesla TSLA now account fo

Fool.com contributor Parkev Tatevosian reviews Nvidia's (NASDAQ: NVDA) position at the forefront of the development of artificial intelligence (AI) and how it makes the company a formidable investment.