|Day's range||1.6500 - 1.7200|
Artificial intelligence and this week's market melt-up are driving mega cap tech stocks higher. Yardeni Research President Ed Yardeni joins Yahoo Finance Live to discuss the trends seen across the tech space and the potential to broaden out to other industries.
AI investments may be hot, but the VC space overall remains noticeably cool, recent Crunchbase data shows.
SANTA CLARA, Calif., June 08, 2023 (GLOBE NEWSWIRE) -- NVIDIA today announced it will hold its 2023 Annual Meeting of Stockholders online on Thursday, June 22, at 11 a.m. PT. The meeting will take place virtually at http://www.virtualshareholdermeeting.com/NVDA2023. Stockholders will need their control number included in their notice or proxy card to access the meeting, and may vote and submit questions while attending the meeting. Non-stockholders are welcome to attend by going to the above lin
SANTA CLARA, Calif., June 08, 2023 (GLOBE NEWSWIRE) -- NVIDIA will present at the following event for the financial community: Nasdaq Investor Conference in Partnership with JefferiesWednesday, June 14, 8:30 a.m. Pacific time Interested parties can listen to the live audio webcast of NVIDIA presentations at financial events at investor.nvidia.com. Replays of the webcasts will be available for 90 days afterward. About NVIDIASince its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in a
The stock market moved sharply higher on Thursday, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) picking up more than 1% shortly after noon. Artificial intelligence (AI) has been a key trend lifting markets, and there are plenty of AI stocks in the Nasdaq. Two companies in particular have made AI a big part of their future business models, and on Thursday, both Adobe (NASDAQ: ADBE) and Nvidia (NASDAQ: NVDA) made sizable gains that further added to the furor surrounding the trend.
Semtech's (SMTC) fiscal first-quarter 2024 results benefit from strength in the IoT System and industrial market.
The online personalized-apparel retailer continues to lose active customers, and those who remain are spending less money.
Perhaps no other company has benefited more from the AI mania than chipmaker Nvidia (NASDAQ: NVDA). Nvidia's earnings report was solid, but its guidance was so far ahead of Wall Street expectations that the stock jumped well over 30% and the company briefly joined the $1 trillion market cap club. What really stood out on the earnings call was how well the company's data center business performed.
Tesla (NASDAQ: TSLA) has been selling electric vehicles (EVs) at scale for more than a decade, and it has since been the industry leader by a wide margin. In 2014, the company revealed plans to introduce driver assistance software that would eventually be capable of piloting each Tesla vehicle without human input. Today, that technology is known as full self-driving (or autonomous driving), and it's currently available in beta mode for some Tesla customers.
Independence NVIDIA and STMicroelectronics are part of the Zacks Industry Outlook article.
The Nasdaq is home to many of the best growth stocks in the world. Some of them have generated life-changing returns for investors, including Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and Idexx Laboratories (NASDAQ: IDXX).
Meta Platforms and Nvidia are part of the Zacks Earnings Trends blog.
Key Insights Significantly high institutional ownership implies NVIDIA's stock price is sensitive to their trading...
Apple (NASDAQ: AAPL) is the largest company in the world today with a $2.9 trillion market capitalization. In dollar terms, an investment of $1,000 in Apple stock at its IPO would be worth over $1.8 million today! Companies developing electric vehicles (EVs), artificial intelligence (AI), and cybersecurity could be the best candidates.
Generative AI has taken the tech world by storm, led by the viral success of services like ChatGPT. Semiconductor stocks in particular have been a top beneficiary, as these new AI systems need lots of expensive, cutting-edge chips to work. Let's not leave Pure Storage (NYSE: PSTG) out of the conversation.
Artificial intelligence (AI) has taken center stage in recent times. The founder and CEO of Citadel shared his concerns during an event for new interns this week, CNBC reported. Griffin's Citadel holds a whopping $58 billion in investment capital.
This billionaire investor cites a compelling opportunity in the midst of the market's recent turbulence and volatility.
Let's take a look at three AI-related stocks and see why one might want to be avoided right now while the other two have potential. One AI-related company to avoid at the moment is Nvidia (NASDAQ: NVDA). While I agree that Nvidia is a likely winner and will see its business rapidly grow, it's hard to justify new investors buying the stock at its overinflated valuation.
Investors looking to cash in on the AI craze may want to take a closer look at these two stocks trading at attractive multiples.
Analyzing these market movers can tell us which trends are impacting capital markets right now. Nvidia (NASDAQ: NVDA) share prices surged 36% last month, pushing its market cap briefly above $1 trillion (it currently sits at $951 billion). The semiconductor giant reported quarterly earnings that excited investors about the company's near-term growth opportunities.
Advanced Micro Devices (NASDAQ: AMD) stock has delivered stunning gains of 84% so far in 2023, which may seem surprising given that the company's revenue and earnings are expected to shrink this year. Its earnings are forecasted to drop to $2.86 per share from $3.50 per share in 2022. The rich earnings multiple and the headwinds that AMD faces suggest that it may be too late for investors to buy into this semiconductor stock's growth spurt.
Earnings estimates in the aggregate for the S&P 500 index have come down only a touch since the start of April, with a number of sectors starting to see positive estimate revisions.
Semiconductors fuel secular growth trends from artificial intelligence to autonomous driving, but which are the best stocks to buy now in the semiconductor industry?