Wall Street's main indexes rose on Monday, with a rally in megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited for the U.S. Federal Reserve's meeting this week.
The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.63%. Stocks this morning are moderately higher, led by strength in technology stocks. Alphabet...
Without question, the market has developed an insatiable appetite for artificial intelligence (AI) technology and for the companies steering this new frontier.
The iShares Expanded Tech Sector ETF is seeing unusually high volume in afternoon trading Monday, with over 93,000 shares traded versus three month average volume of about 27,000. Shares of IGM were up about 1.3% on the day.
Components of that ETF with the highest volume on M
Shares of Nvidia (NASDAQ: NVDA) surged higher on Monday, jumping as much as 5.2%. As of 11:07 a.m. ET today, the rally had faded somewhat, though the stock was still up 0.5%.
Diodes DIOD is benefiting from its expanding footprint in the industrial and automotive markets. These two markets represented 46% of the total product revenues in 2023.DIOD is further strengthening its position in these markets w
Wall Street's main indexes rose on Monday, with a rally in megacap growth stocks such as Alphabet and Tesla supporting a sharp recovery in the tech-laden Nasdaq ahead of the U.S. Federal Reserve's meeting this week.
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, NVIDIA is now the #21 analyst pick, moving up by 2 spots.
This rank is formed by averaging the analyst opinions for each component from each b
The S&P 500 Index ($SPX ) (SPY ) this morning is up +1.00%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.67%. Stocks this morning are moderately higher, led by strength in technology stocks. Alphabet...
Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) were among the winners in the artificial intelligence (AI) sector today as several news items contributed to gains in the high-flying group of tech stocks.
Each of the stocks dubbed the "Magnificent Seven" outperformed the gains achieved by the S&P 500 in 2023. Despite their share price increases, these stocks are not overpriced according to Wall Street analysts at JPMorgan.
This week, investors will be better off making decisions based on what is happening in terms of central bank actions rather than what might happen based on the news coming out of the Nvidia conference.
Astera Labs said on Monday it was targeting a valuation of up to $5.18 billion after it upsized its U.S. initial public offering, as the chip firm looks to ride the boom in artificial intelligence.
A rare positive surprise from Chinese industry and retail has unnerved interest rate and energy markets some more, upping the stakes at this week's major central bank meetings.
Nvidia (NASDAQ: NVDA) has climbed a mind-blowing 80% since the start of the year as the company's earnings continue to reach record levels -- and all this is thanks to its dominance in the artificial intelligence (AI) chip market. The tech giant holds more than an 80% share and s
Artificial intelligence semiconductor powerhouse Nvidia kicks off its annual developer conference on Monday, with investors focused on new chip announcements from Chief Executive Jensen Huang in an afternoon keynote address.
European shares edged higher on Monday, supported by strength in commodity-linked stocks, although investor caution ahead of euro zone inflation data curbed gains.