|Day's range||56.80 - 63.88|
As the trading day comes to a close, Yahoo Finance Live breaks down the top tickers of the day, including Lululemon, SentinelOne, and AI stocks such as Nvidia and C3.ai.
Just a handful of tech stocks, including Apple, Microsoft, Nvidia, Tesla, and Amazon are responsible for the most of the big gains we have seen in the Nasdaq. Michele Schneider, Chief Strategist at Marketgauge.com tells Yahoo Finance Live why she thinks it would be "healthy" to see some of these stocks pull back.
Fool.com contributor and finance professor Parkev Tatevosian elaborates on how the rise of AI is likely to bring more competition to Nvidia (NASDAQ: NVDA). *Stock prices used were the afternoon prices of May 30, 2023.
During a banner month for AI stocks, C3.ai (NYSE: AI) was among the big winners, jumping a whopping 125%, according to data from S&P Global Market Intelligence. C3.ai stock, which has been volatile all year, jumped on a better-than-expected preliminary earnings report; it concluded its short-seller investigation without finding any wrongdoing and got another tailwind when Nvidia gave much better guidance than expected for the second quarter, showing investors that demand for AI chips is soaring. Most of the stock's gains in the second half of the month after the earnings report, and it then soared following the Nvidia news.
The chipmaker delivered an upbeat sales forecast and believes that generative AI will usher in a new computing era.
Intel stock has not benefited much from the AI craze, but could the market be wrong about this chip giant?
The growth in artificial intelligence (AI) servers is positive news for Nvidia (NASDAQ: NVDA), as AI servers are equipped with accelerators -- like Nvidia's graphics processing unit (GPU) -- which hold most of the AI market share.
Holidaymakers face travel chaos at Heathrow as security guards prepare to strike for 33 days over summer.
After NVIDIA's (NASDAQ:NVDA) astounding AI-fueled earnings results and guidance last week, its valuation briefly vaulted past the $1 trillion mark and Wall Street analysts scrambled to jack up estimates on the company. But that massive surge makes Nvidia a tricky buy right now: InvestingPro’s fair value algorithm calls the stock overvalued at current levels, with some 30% potential downside risk.
(Bloomberg) -- One of Nvidia Corp.’s long-term investors is trimming bets on the stock, saying the frenzy around artificial intelligence has pushed valuations too far.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the Making of Redfall, Xbox’s Latest MisfireEdmond d
(Bloomberg) -- The ESG fund with the biggest exposure to Nvidia Corp. has trounced much of the market, as bets on artificial intelligence transform the fortunes of portfolios promoting environmental, social and governance principles.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million
The tech-heavy Nasdaq Composite Index wrapped up a historic month, outperforming the Dow Jones by the widest margin since October 2001.
In this video, I will talk about what Wall Street analysts think of Nvidia (NASDAQ: NVDA) after the blowout second-quarter guidance. Whether there is still time to buy or if you should sell the high-flying stock.
Chipmaker Nvidia's (NASDAQ: NVDA) shares soared 25% in extended trading May 24 on the back of blowout numbers for the company's fiscal 2024 first quarter, ended April 30. Nvidia's revenue and earnings have handily beaten consensus estimates, driven by solid demand for artificial intelligence (AI) chips. The data center segment is back in solid growth mode and well-positioned to benefit from the rapid uptake of generative AI capabilities by enterprises across industries and functions.
Nova and Micron Technology have been highlighted as Zacks Bull and Bear of the Day.
Investing in AI (artificial intelligence) can be a bit tricky, as the hype of the technology has caused many stocks to become wildly overvalued, leaving hardly any room for future growth (I'm looking at you, Nvidia). Whether you're investing in a hardware play like Nvidia or a firm that has integrated AI into its software, AI can significantly change how business is done. One of the key players in AI that isn't getting the respect it deserves is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
Generative AI needs lots of expensive new chips, so don't sleep on fab equipment leaders like Applied Materials.
Salesforce is pivoting to profitability. Will it have enough resources to also invest in AI so it can stay competitive in the tech industry?
Every time you turn around, AI has done something amazing. These three companies are set to capitalize on the AI revolution.
The "megalodon of memory" is vital to the AI revolution in mobile, autos, robotics, & medicine
Nvidia's journey to AI dominance wasn't easy, but it's now the uncontested ruler, having successfully navigated numerous hurdles.
In fact, the S&P 500 only advanced by a quarter of a percentage point in May. For a handful of technology stocks, however, May was a bullish blowout. Are the S&P 500's biggest winners from last month still worth buying at their newly inflated price?
Microsoft (NASDAQ: MSFT), one of the market's darlings at the time, swelled to more than 70 times its earnings, a valuation that suppressed investment returns for years after the bubble burst. The tale reminds me of what's happening to Nvidia (NASDAQ: NVDA) today. While I don't think Nvidia will put investors underwater for 15 years, the stock has become a potential trap for investors looking to chase the hype.
Investors began paying more attention to artificial intelligence (AI) chip stocks after the recent earnings report from Nvidia. Consequently, its market cap has risen to the $1 trillion range. Indeed, Nvidia also has developed technology in the automotive space.
Nvidia (NASDAQ: NVDA) stock set the market on fire in 2023 with eye-popping gains of 164% so far this year thanks to the bustling demand for its chips designed specifically for artificial intelligence (AI) servers. The bad news for investors looking to buy Nvidia stock right now is that it is too expensive. Let's see where investors can expect Nvidia stock to be a year from now.