In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA), Dell Technologies (NYSE: DELL), and Broadcom (NASDAQ: AVGO). Check out the short video to learn more, consider subscribing, and click the special offer link below.
After a disappointing 2022 during which the U.S. stock market posted its worst performance of the last decade, Wall Street breathed a sigh of relief in 2023. When the stock market is gearing up for a bull surge, it makes sense for retail investors to pick up stocks of high-quality companies with robust tailwinds. Accelerated computing specialist Nvidia (NASDAQ: NVDA) has made a splash on Wall Street lately thanks to its cutting-edge artificial intelligence (AI) chips and software ecosystem.
Wall Street is bullish on Advanced Micro Devices (NASDAQ: AMD) as it releases a batch of new graphics processing units (GPUs) that are designed to support artificial intelligence (AI). This burgeoning opportunity has sent shares of Nvidia up 230% in 2023, and investors are hopeful that AMD stock, which has nearly doubled this year, will perform similarly in 2024. AMD also has a big opportunity on the consumer side with its Ryzen processors, so the chipmaker is not lacking for potential growth drivers.