During the 2008 recession, the gaming industry was often described as a bright spot in the economy and even recession-proof as companies like Nintendo (OTC: NTDOY) continued to sell millions of consoles and games. However, the introduction of microtransactions and considerable pr
A dreaded cyclical downturn for the chip industry is here. Specifically, consumers are slamming the brakes on the purchase of new PCs and smartphones, which has hit Nvidia's (NASDAQ: NVDA) empire built on the GPU (graphics processing unit) especially hard. During the last quarter
Investors did not have a fun year in 2022. But few struggled more than Cathie Wood and her company Ark Invest, which oversees a number of exchange-traded funds (ETFs) highly focused on the growth, tech, and crypto sectors.
Nvidia (NVDA) closed the most recent trading day at $146.14, moving +0.08% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.25%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 5.91%.
U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.
U.S. stocks ended the final trading session of 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.
U.S. stocks fell on Friday as growth shares dipped in the final trading session of a year marked by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China.
After a scorching-hot run, semiconductor stocks cooled off in 2022, impacting many portfolios. SOXX, the iShares Semiconductor ETF, is down more than 30% year-to-date, widely underperforming compared to the S&P 500.
Most investors will be happy to turn the page on 2022 and get a fresh start in 2023, and I count myself among that group. I don't know how the economy will fare in 2023, or what geopolitical events may surface, so I don't know if the market will remain in "risk off" mode or retur
Nvidia (NASDAQ: NVDA) stock has gained some ground on the stock market of late, gaining more than 15% in the past three months and outpacing the S&P 500's gains of just 5%, in what may seem like a surprising rally given the terrible situation the company's gaming business is
It won’t be wrong to call 2022 a bad year for equity investors. The slump in the prices of several top stocks eroded investors’ wealth. However, this decline has also created an excellent buying opportunity. With several stocks trading at a significant discount, choosing the right stock becomes difficult. Leveraging
TipRanks’ Experts Center, we have zeroed in on five stocks that have received the maximum number of Buy recommendations (in the last three months) from the
top Wall Street analysts.
The data below shows that semiconductor and tech giant Nvidia (
NASDAQ:NVDA
) has received the maximum number of Buy ratings (20 Buys) from five-star analysts in the last three months. NVDA stock is followed by its semiconductor peers, Marvell Technology (
NASDAQ:MRVL
) and Advanced Micro Devices (
NASDAQ:AMD
).
Shares of the beaten-down social media giant Meta Platforms (
NASDAQ:META
) stock has received 17 Buy recommendations from five-star analysts. Meanwhile, e-commerce leader Amazon (
NASDAQ:AMZN
) has received 16 Buys during the same period.
Against this background, let’s examine why these five-star analysts are bullish about these stocks.
Is NVDA Stock a Buy or Sell?
The slowdown in the end market, demand uncertainty, and inventory issues weighed on NVDA stock, which is down over 52% year-to-date. However, five-star analyst
Matt Ramsay of Cowen & Co. stated that NVDA’s problems are a thing of the past. Citing NVDA’s solid fundamentals and technological moats, Ramsay reiterates his buy recommendation on the stock. He raised the price target to $220 from $200, implying a 56.74% upside potential based on its closing price of $140.36 on December 28.
What’s the Prediction for MRVL Stock?
Industry-wide inventory corrections and weaker-than-expected January quarter guidance dragged MRVL stock down. This has led five-star analyst
Harsh Kumar from Piper Sandler to lower his price target from $80 to $55. However, Kumar maintained his bullish stance and recommended a Buy on MRVL stock. The analyst also highlighted the strength of the U.S. cloud segment.
Is AMD a Buy, Sell, or Hold?
According to five-star analyst
Chris Caso from Credit Suisse, AMD is a Buy. The analyst assumed coverage of AMD stock with a Buy recommendation and expects the company to benefit from growing market share gains in the server market and strength in the cloud market.
What Is the Price Target for Meta Stock?
Increased competition, a slowdown in ad spending amid macro headwinds, and regulatory challenges weighed on Meta Platforms' stock. However, five-star analyst
Brian White from Monness recommends a Buy on META stock with a price target of $150, implying 29.74% upside potential based on its closing price on December 28. White expects META to face challenges in the short term but expects it to benefit from the “secular digital ad trend and innovate in the metaverse” in the long term.
Is AMZN Stock a Buy or Sell?
Amazon's stock is trading close to its 52-week low of $81.69, reflecting a slowdown in its growth and increased cost pressure. Five-star analyst
Doug Anmuth from J.P. Morgan expects macro headwinds to continue to impact its consumer and cloud businesses. He maintains a buy rating on AMZN stock and expects it to benefit from the long-term shift toward online and cloud computing. Anmuth also cited AMZN's low valuation as a reason for his bullish outlook.
Ending Thoughts
These five-star analysts have generated significant returns from their recommendations in the past and have a high success rate. Investors could follow their views to make informed investment decisions and maximize their returns.
Meanwhile, using TipRanks’
stock comparison tool, let’s find out how these five stocks stack up against each other.
The tool shows that NVDA, MRVL, and AMZN have a Strong Buy consensus rating and an Outperform Smart Score on TipRanks. (
Stay abreast of the
best that TipRanks’ Smart Score
has to offer.)
Meanwhile, AMZN stock has the highest upside potential (based on its average price target) among these five stocks.
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.
Disclosure
Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island.
Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island.
Nvidia (NVDA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Nvidia (NASDAQ: NVDA) stock has been cut nearly in half in 2022. Understandably, stock market investors are asking if that's a buying opportunity. This video will answer if Nvidia's stock is a buy for 2023.
Today's video focuses on Nvidia (NASDAQ: NVDA) and a breakdown of all the company segments. While two segments mainly drive this semiconductor giant's revenue, various growth opportunities can quickly change that. Check out the short video to learn more, consider subscribing, and
Some investors could have a case of the "metaverse mehs." There was a lot of buzz initially about a virtual universe that could generate trillions of dollars in annual revenue. But after the hype wore off, many once high-flying stocks with metaverse connections lost their luster.
Recently, Needham analyst
Rajvindra Gill named Nvidia (
NASDAQ:NVDA
) stock his
top pick for 2023. However, that didn’t stop the downtrend in its price. NVDA stock closed over 7% lower on December 27. Further, it is down about 52% year-to-date. While its fundamentals remain strong, economic uncertainty and inventory issues could limit the recovery in the short term.
Highlighting the inventory issues, HSBC analyst
Frank Lee initiated coverage of NVDA stock with a Sell recommendation.
Lee sees a further downside in NVDA stock from current levels. His price target of $136 implies 3.69% downside potential. The analyst blamed demand uncertainty and chip inventory corrections for his bearish outlook.
Speaking to Yahoo Finance, Futurum Research’s founding partner and Principal Analyst, Daniel Newman, said chipmakers ramped up inventory following the shortages amid the pandemic. However, the economic slowdown and the impact of inflation on consumer spending affected demand and dragged shares of chipmakers, including Nvidia, down.
During Q3,
NVDA’s top line fell 17% year-over-year and 12% sequentially, due to lower sell-in to partners to better align channel inventory levels with demand expectations. Besides for inventory issues, softness in China further remains a drag.
Is NVDA stock a Buy or Sell?
Wall Street continues to maintain a bullish outlook on Nvidia stock. It has received 22 Buy and five Hold recommendations for a Strong Buy consensus rating. Moreover, these analysts’ average price target of $203.88 implies 44.38% upside potential.
While analysts are bullish,
insiders sold NVDA stock worth $26.3M in three months. Nevertheless, hedge funds bought 9.6M NVDA stock during the same period. Moreover, it has an Outperform Smart Score of nine.
Bottom Line
Investors with a long-term view could capitalize on the correction in NVDA stock. However, the demand uncertainty and inventory issues will likely keep NVDA stock volatile and limit the recovery in the short term.
Special end-of-year offer: Access TipRanks Premium tools for an all-time low price!
Click to learn more
.
Disclosure