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Retail traders are jumping on the opportunity to invest in chipmaker Nvidia as it reached a $1 trillion market value. Maconomics Financial Expert Ross Mac joins Yahoo Finance Live to discuss when it is the best time to buy or sell a specific stock, like Nvidia. For those who are looking to make a little extra cash, Mac also breaks down how to effectively establish, plan, and build your own side hustle.
After Nvidia joined the $1 trillion market club on Tuesday, Yahoo Finance spoke with experts, analysts, and strategists, who weighed in on the outlook for the company amid recent AI trends. Yahoo Finance's Brad Smith spoke on the fanfare around Nvidia (NVDA) and AI. Smith said, "I'm going to break this down in three quick letters, it's A M C. At the top, you've got the applications that are going to sit on top of the M, the language-learning models, and at the bottom of it you've got the chips and the data centers." KeyBanc Capital Markets Equity Research Analyst John Vinh discussed Nvidia's advanced software. Vinh said, "They've got millions of AI developers that are focused on the Nvidia ecosystem and it's really this software ecosystem that's going to give them a sustainable advantage for quite some time." Yahoo Finance's Dan Howley explained what he thinks gives Nvidia an edge. Howley said, "People are really talking about how to get their chips at this moment. We're not talking about small firms either. We're talking about the likes of Microsoft (MSFT), Google (GOOG, GOOGL), Meta (META) ... Nvidia really is riding this hype train, and they're the conductor." Annandale Capital Founder and Chairman George Seay discussed his thoughts on Nvidia and why investors should remain cautious on AI. Seay said, "Nvidia is going to be a big winner. And I think you've got to look at some of the others like Google and Amazon, some of the other beneficiaries of this movement, and basically spread your bets." Video highlights: 00:00:03 - Yahoo Finance's Brad Smith 00:00:28 - KeyBanc Capital Markets Equity Research Analyst John Vinh 00:00:53 - Yahoo Finance's Dan Howley 00:01:24 - Annandale Capital Founder and Chairman George Seay
Annandale Capital Founder and Chairman George Seay joins Yahoo Finance Live to discuss Nvidia's market cap briefly topping a $1 trillion. Seay breaks down Nvidia's move and why investors should still remain cautious when it comes to AI.
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What comes up must come down, as the old saying goes, and that rule of gravity applied to Nvidia (NASDAQ: NVDA) stock on Wednesday. The days-long rally in the tech company's shares, fueled by its involvement in artificial intelligence (AI), fizzled out as investors apparently engaged in some profit-taking and an analyst published a new note about it that contained a few items of concern. On Wednesday morning, Citigroup prognosticator Atif Malik reiterated his buy recommendation on Nvidia stock and his $420 per share price target.
Taiwan Semiconductor Manufacturing (NYSE: TSM) has reportedly seen an increase in utilization rate for some of its manufacturing lines, thanks to the demand for Nvidia's (NASDAQ: NVDA) artificial intelligence (AI) chips.
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Investing.com -- The Dow slipped Wednesday, pressured by a retail-led plunge in consumer stocks and weakness in tech just as investors eagerly await the outcome of a key vote on the debt-ceiling bill.
Nvidia (NVDA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Nvidia (NVDA) hit a $1 trillion market-cap valuation, becoming the world's ninth public company and the first chipmaker to ever hit the trillion level.
The world has gone crazy over generative artificial intelligence (AI), and we have Nvidia's (NASDAQ: NVDA) financial outlook for the ages to thank for it. Fueled by rising demand for generative AI services like ChatGPT, Nvidia said its quarterly revenue is poised to skyrocket from $7.2 billion last quarter (the three months ended in April 2023) to $11 billion next quarter, and sustain at a similar level for the rest of this year. Growth like this from a company of such size is incredibly rare, and Nvidia is keeping its foot on the gas.
The technology sector has been at the forefront of the stock market rally in May, primarily thanks to the artificial intelligence (AI) mania.
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Nowhere is this trend more evident than in the recent parabolic growth of graphics, computing, and networking solutions company Nvidia (NASDAQ: NVDA). Thanks to its central role as a pillar of global AI architecture, Nvidia has seen its market cap swell to nearly $1 trillion in 2023.
Wall Street has delivered a muted performance in May while debt-deal was on.