Previous close | 110.05 |
Open | 110.05 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 14.00 |
Expiry date | 2026-12-18 |
Day's range | 110.05 - 110.05 |
Contract range | N/A |
Volume | |
Open interest | 31 |
The Federal Reserve's decision to cut its benchmark interest rate by 50 basis points is giving chip stocks, including Nvidia (NVDA), Broadcom (AVGO), and AMD (AMD) a boost. In the video above, Morning Brief anchors Seana Smith and Brad Smith break down the action. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Intel provided Wall Street with some good news after a slew of negative headlines in recent months.
EquitySet CEO Tony Zipparro sits down with Brad Smith to discuss investing in the tech sector amid recent volatility and expected rate cuts, providing his take on which stocks are the best artificial intelligence (AI) plays. “If you dive into a sector like technology, it has been extremely popular [and] has had phenomenal returns over the last couple of years,” Zipparro says, adding that he likes to “narrow in” for a “more diversified approach" when investing in tech. For those wanting to invest in the semiconductor space, Zipparro says, “Don't go directly” on Nvidia (NVDA). “bide some time on Nvidia,” as it “could have massive price appreciation” or “massive price depreciation," nodding to recent volatility in the chipmaker's stock. “If you're looking at a hold...choose somebody in the middle like a Microsoft (MSFT),” given its strong fundamentals and ties to ChatGPT-maker OpenAI. “In terms of a buy, go upstream if you want to be in technology and semis” and “pick ones that supply Intel, Nvidia,” and other chipmakers, Zipparro tells the Wealth! team, naming Applied Materials (AMAT) and Lam Research (LRCX). Chip component companies will share in AI chipmakers' gains while being “less in the limelight if things go bad,” Zipparro says. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Naomi Buchanan.