The Magnificent Seven stocks rose in Monday's trading. Those stocks include Apple (APPL) and Nvidia (NVDA), which are both well off their highs. Yahoo Finance’s Jared Blikre breaks down what the charts reveal for the two tech giants and Wall Street’s estimates for Big Tech in the coming months. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The rumor mill in the semiconductor world recently fired up, with suggestions that Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) big Google business might be looking to part ways with Broadcom (NASDAQ: AVGO). Google denied such claims, saying Broadcom was an excellent partner on a custom compute offload project: Google TPUs (tensor processing units) and related networking chips. First, a little background on custom chip designs, also known as application-specific integrated circuits (ASICs).
Nvidia's (NASDAQ: NVDA) share price has close to tripled year to date. It's also no secret what has been the biggest catalyst for Nvidia. Microsoft (NASDAQ: MSFT) ranks as one of several tech giants that have been buying GPUs hand over fist.