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A combination of soaring demand for PCs and a full-blown cryptocurrency bubble during the first two years of the pandemic led to a severe shortage of graphics cards during that time. Retail prices went haywire, rendering "manufacturer's suggested retail price" (MSRP) a quaint not

Shares of Nvidia (NASDAQ: NVDA) have been on fire so far this year. Fueled by increasing demand for its graphics processing units (GPUs) used for artificial intelligence (AI) and cloud computing, Nvidia stock has soared roughly 90% so far in 2023, easily eclipsing the 8% gains of

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Elon Musk is counting on full-self driving and other new technologies and vehicles at Tesla Inc to provide the "wow factor" that will continue to drive the electric carmaker's value far beyond its automotive rivals.

While the cryptocurrency market has been a positive revelation this year, everyone knows the space presents high risks. Therefore, if you’re only somewhat sure about cryptos and would like to exercise more caution, you may want to consider technology giant Nvidia ( NASDAQ:NVDA ). Thanks to its blockchain-mining friendly graphics processing units (GPUs), Nvidia offers indirect exposure to digital assets while aligning with other relevant sectors. Therefore, I am bullish on NVDA stock. Cryptos Might Be a Buy, but Who Really Knows? On the surface, cryptos appear to be a no-brainer proposition. Data from CoinMarketCap reveals that at the start of this year, the total market capitalization of all blockchain-derived assets measured just under $800 billion. At writing, the sector soared to just below $1.28 trillion. Hard-hit advocates now have serious momentum under their feet, bolstering enthusiasm. Still, some debts linger. Recall that at the beginning of last year, the total market cap of all cryptos stood at over $2 trillion. So, with all the huffing and puffing, the market got back a little less than half of what it lost. That isn't nothing, but investors must consider the broader context before forking over too many funds. In addition, cryptos and the broader ecosystem can be unusually cruel. For example, crypto exchange FTX used to rank among the most popular platforms for investors and blockchain advocates. However, prosecutors later accused FTX founder Sam Bankman-Fried of “ fraud of epic proportions.” More than likely, the bad taste left over from the fiasco will linger for years. At the same time, this matter also presents NVDA stock in a rather positive light. Producing dedicated GPU processors for professional crypto-mining enterprises, Nvidia essentially offers the infrastructure to the burgeoning market. The company might not know what coin or token might make it big. However, most crypto projects utilize the proof-of-work (PoW) consensus mechanism that allows the underlying blockchain to function. With PoW protocols being processor intensive, the company should enjoy ongoing demand if cryptos move higher. Thus, an investment in NVDA appears sensible. Bolstering the bull case, on TipRanks,  NVDA stock has a 'Perfect 10' Smart Score rating. This indicates strong potential for the stock to outperform the broader market. NVDA Stock Poised to Do Well Even If Cryptos Fail Of course, with cryptos earning a reputation for volatility, it’s not out of the question for the sector to tumble. Indeed, prospective traders should probably gird themselves for volatility or at least have a backup plan should it materialize. However, the compelling factor for NVDA stock is that the underlying enterprise enjoys many other sectors it can address. And to stress the point, investors should plan ahead for numerous outcomes if they choose to play in the crypto arena. While the banking sector crisis that dominated headlines last month doesn’t seem like much of a concern right now, it very much is. Let’s be real – bank runs don’t materialize because people have confidence in the financial system. Moreover, the surprise production cut by the Organization of the Petroleum Exporting Countries and non-member oil-producing countries – an alliance known as OPEC+ – demonstrated that the Federal Reserve isn’t the only major influencer of the U.S. dollar’s trajectory. Given the many pressure points around, it’s no wonder that some experts still believe a recession might occur. If so, that wouldn’t be positive for cryptos. On the other hand, Nvidia continues to develop solutions for burgeoning sectors such as artificial intelligence (AI) and machine learning. So, one sector collapsing probably won’t dent the entire narrative. Nvidia is Overheated but Dependable To be fair, one factor might connect cryptos and NVDA stock: both might be overheated. For the former asset category, investors may look at technical indicators for specific coins and tokens. Regarding the latter, NVDA trades at a forward multiple of nearly 64. That’s well above the sector median value of 21.8 times. Nevertheless, because of Nvidia’s aforementioned relevancies, over the intermediate to long term, NVDA stock arguably commands more confidence. Further, the financials support the dependability angle. For example, Nvidia’s Altman Z-Score (a solvency metric) pings at 22.8, reflecting high fiscal stability and low bankruptcy risk. Operationally, the company enjoys a three-year revenue-per-share growth rate of 34.5%, outpacing 87.8% of rivals listed in the semiconductor industry. Also, its net margin stands at 16.2%, above 69.5% of sector players. Is NVDA Stock a Buy, According to Analysts? Turning to Wall Street, NVDA stock has a Strong Buy consensus rating based on 29 Buys, seven Holds, and one Sell rating. The average NVDA stock price target is $286.94, implying 5.9% upside potential. The Takeaway: NVDA Stock Provides the Shotgun Approach Overall, NVDA stock brings the shotgun to the duck hunt. Basically, Nvidia doesn’t need to aim for a direct hit. Rather, it just needs to move the barrel toward the general vicinity of compelling market opportunities. Once fired, its pellets of relevance should hit something. While this approach isn’t particularly exciting, it’s probably more effective in attaining some positive results. Disclosure

Continued market turbulence has impacted ETF inflows and launches in 2023. About 80 new ETFs have been introduced this year so far, while closures continue to rise. In this video, we highlight some of the most unique and interesting ETFs that made their debut in the first

Elon Musk is counting on full-self driving and other new technologies and vehicles at Tesla Inc to provide the "wow factor" that will continue to drive the electric carmaker's value far beyond its automotive rivals.

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What happened Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM), also known as TSMC, surged higher Thursday, jumping as much as 5.3%. As of 10:55 a.m. ET today, the stock was still up 3%.

Advanced Micro Devices AMD announced its successful migration to SAP’s SAP S/4HANA Cloud as part of its cloud strategy. This integration marks a major development with the consolidation of AMD infrastructure into a single enterprise platform.AMD’s success is heavily attri

Amazon (NASDAQ: AMZN) CEO Andy Jassy offered plenty of valuable tidbits for investors in his second annual letter to shareholders. One of them was regarding the hot semiconductor industry, the very bedrock upon which all computing technologies are based. Amazon has actually been

Thus far this year, small-cap stocks and large-cap tech have stolen the show – for differing reasons. Small caps, represented by the Russell 2000 Index ETF (IWM), have garnered attention due to their relative weakness. The demise of Silicon Valley Bank has thrown doubt at

Below is Validea's guru fundamental report for NVIDIA CORPORATION (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that ex

Nasdaq futures fell nearly 1% on Thursday as Tesla shares tumbled after the electric-vehicle maker posted its lowest quarterly gross margin in two years, while prospects of U.S. interest rates staying higher for a longer kept investors jittery.

In 2018, Apple became the first company to achieve a market capitalization of $1 trillion, but several other companies (mostly in the technology sector) have crossed that threshold at times since then. Of course, there is nothing especially significant about a valuation of $1 tri

Amazon (NASDAQ: AMZN), Palantir (NYSE: PLTR), Nvidia (NASDAQ: NVDA), AMD (NASDAQ: AMD), Intel (NASDAQ: INTC), and Airbnb (NASDAQ: ABNB) will highlight major trends impacting businesses in the first quarter of 2023. This video will discuss the key things to look for from each of t

Only time will tell if it's too late in the game to buy semiconductor stocks as we roll into the spring season. The tech-focused sell-off was most unkind to the many semiconductor leaders last year. I guess you could say the tech wreck of 2022 really "chipped" away at chip stock valuations! In any case, the ensuing relief rally proved fast and furious for many top chip plays such that nervous dip buyers may not have been able to load up the truck as much as they would have liked. Therefore, in this piece, we'll look at three semiconductor stocks that still boast Strong Buys from Wall Street analysts. As they also have the potential to receive analyst upgrades, the following three names -- NVDA, TSM, and AVGO -- may not be too late to nibble away at. Nvidia ( NASDAQ:NVDA) Nvidia is one of the hottest stocks in the market right now. Not even the gravitational force of higher interest rates has been able to keep Nvidia suppressed for too long a duration. As the company continues showcasing its latest and greatest artificial intelligence (AI) innovations, I think it's tough to bet against the firm, even as its valuation swells to the moon again. Though I wish the stock was much cheaper, it's hard to be anything but bullish. The company has exposure to plenty of emerging tech fields (think AI and the Metaverse) and will help power new trends that may yet be on our radars. When it comes to such companies that find ways to expand their circle of competencies, a premium multiple can be expected. Just how much of a premium Nvidia deserves right here is the main question on the minds of many forward-focused investors. Currently, many believe Nvidia can keep delivering as it rides the latest wave of AI innovation. With the generative AI platform Picasso and the cutting-edge hardware featured in advanced supercomputers, there's a strong appeal in owning a part of NVDA's generational growth story. As more firms pull the curtain on their AI offerings, it's conceivable that a significant portion of the market will invest in the latest AI-focused chips. Even at a lofty 159 times trailing price-to-earnings (P/E) ratio, accurately predicting the extent of demand over the next decade remains uncertain. Given this, I do believe Nvidia is one of the "expensive" stocks that's worth averaging into over time. Also, HSBC recently rewarded Nvidia stock with a double upgrade, helping power shares to a 2.5% gain on Tuesday. While I'm not a fan of chasing, I do think bullish analysts have no choice but to chase or be left out in the cold. What is the Price Target for NVDA Stock? Nvidia stock's still a Strong Buy, with 29 Buys, seven Holds, and one Sell. The average NVDA stock price target of $286.94 implies 2.7% upside potential. Taiwan Semiconductor ( NYSE:TSM) For those feeling woozy by Nvidia's sky-high multiple, Taiwan Semiconductor stands out as a more palatable value play at this juncture. Shares of TSM trade at just 13.7 times trailing price/earnings, well below the semiconductor industry average of 61.4 times. Though Warren Buffett recently noted that he sees "better places" to invest than Taiwan Semi after selling off most of his stake many months ago, I still see many reasons to stay bullish. First, Taiwan Semi stock already seems to have ripped the band-aid off amid the chaos hitting the chip space. The stock's sitting down more than 37% off its all-time high of around $140 and change per share. Though shares have recovered modestly, they're still in a bit of a rut, with macro headwinds and geopolitical risks weighing heavily. Susquehanna analyst Mehdi Hosseini thinks a sluggish (or L-shaped) semiconductor recovery is "dialed into TSM's share price." I think Mr. Hosseini is right. Second, Taiwan Semi still boasts a pretty sizeable moat. The company plans to expand rapidly over time, even in the face of macro headwinds. As the firm continues investing heavily in capacity, it'll be hard for up-and-coming rivals to catch up. If anything, TSM may be in a spot to pull further ahead on the other side of a potential recession. Mr. Hosseini thinks top rivals are "years away" from catching up to the likes of Taiwan Semi. At this rate, I'd argue such rivals may struggle to catch up even in a few years. What is the Price Target for TSM Stock? Taiwan Semi boasts a Strong Buy rating from analysts based on four unanimous Buys. The average TSM stock price target is $118.67, suggesting 36% upside potential from here. Broadcom ( NASDAQ:AVGO) Broadcom is a yield-heavy semiconductor play that's less than 7% off all-time highs. Indeed, Broadcom stock could be the first of the trio to break through to new heights as investors continue gaining confidence. With a dividend yield that's still bountiful (near 3%) and intriguing AI offerings of its own, I remain bullish. Shares of Broadcom are up more than 50% from their May 2022 lows. Looking back, macro fears got a tad out of hand. Though shares aren't the same bargain as they were several months ago, shares are still attractively valued at 21.3 times trailing price-to-earnings, well below their five-year historical average P/E of 35.4. More recently, Broadcom stock's been riding high on news of a new chip called Jerich3-AI to help bring together AI networks. Looking ahead, I'd look for Broadcom to add to its AI arsenal as it looks to continue taking advantage of M&A opportunities. Combined with Broadcom's software push, I view the stock as worthy of further multiple expansion. What is the Price Target for AVGO Stock? Even after the hot run, analysts remain very upbeat about the stock. AVGO has a Strong Buy rating comprised of 14 Buys and three Holds. The average AVGO stock price target of $702.50 implies 10.7% upside potential. Conclusion It may not be too late to buy the chip dip, according to analysts. Currently, TSM stock boasts the most upside potential, with nearly 36% gains expected over the year ahead. Disclosure

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Booking Holdings Inc (Symbol: BKNG), where a total of 2,751 contracts have traded so far, representing approximately 275,100 underlying shares. That amounts to about 104

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the DIREXION DAILY 20-YR TREASURY BULL 3X SHARES, which added 15,250,000 units, or a 10.0% increase week over week.