Tag: AI

  • Nvidia Rocketing Higher on Goldman Upgrade

    Nvidia Rocketing Higher on Goldman Upgrade

    The last time we mentioned Nvidia (NVDA), it traded at $522.53 on Jan. 8. At the time, we noted, “The company made several big announcements at CES 2024, which included new chips for generative AI, PCs, gaming, and newer partnerships. NVDA also announced its newest GeForce RTX graphics cards, which offer 4K resolution and even…

  • This is Why Nvidia Stock Could Rocket Higher

    This is Why Nvidia Stock Could Rocket Higher

    Shares of Nvidia (NVDA) were explosive today. Last checked, the stock closed up about $32 a share at $522.53, with a volume spike to 63.3 million shares, as compared to its daily average volume of 42 million shares. In after-hours, NVDA is up another $4.47, so we anticipate another big day ahead tomorrow. Helping, the…

  • Advanced Micro Devices Could Test $200 Near-Term

    Advanced Micro Devices Could Test $200 Near-Term

    AMD is a strong buy, we noted on October 31. Still is. At the time of our note, AMD traded at just $98.50. Today, it’s up to $146.18, and could soon retest its $150 high. From there, we’d like to see AMD test $200, which we believe could happen this year with the artificial intelligence…

  • Why Advanced Micro Devices is a Strong Buy

    Why Advanced Micro Devices is a Strong Buy

    Keep an eye on Advanced Micro Devices (AMD). While it did beat earnings estimates, guidance for the fourth quarter was soft. For the quarter ended September, the company posted adjusted EPS of 70 cents, which beat estimates for 68 cents. Revenue of $5.8 billion was also above estimates of $5.7 billion. Moving forward, AMD expects…

  • Meta Platforms Could See Higher Highs after Earnings Beat

    Meta Platforms Could See Higher Highs after Earnings Beat

    Meta Platforms (META) is on the run. All after beating on the top and bottom lines. EPS came in at $4.39, as compared to expectations for $3.63. Revenue of $34.15 billion beat estimates for $33.56 billion. Better, daily active users (DAUs) jumped to 2.09 billion as compared to estimates for 2.07 billion. Monthly active users…

  • Top Ways to Trade the Semiconductor Pullback

    Top Ways to Trade the Semiconductor Pullback

    By now, you’re familiar with the AI story. And how it’s having a profound impact on just about everything AI-related, including some of the top tech stocks and semiconductors. After all, without semiconductor chips, there is no AI story.  For example, Nvidia’s A100 and H100 GPUs are the chips that allow AI software to make…

  • Qualcomm Pushing Higher on the Artificial Intelligence Boom

    Qualcomm Pushing Higher on the Artificial Intelligence Boom

    Qualcomm (QCOM) could be the next big AI winner, we noted on June 8. All thanks to its smartphone chips.  In fact, according to TD Cowen, “Qualcomm, a maker of mobile processors and 5G wireless chips, could be an underappreciated beneficiary from the rising trend toward artificial intelligence.” Better, the firm just reiterated an outperform…

  • There’s Still Time to Buy C3.AI Before it Takes Off Again

    There’s Still Time to Buy C3.AI Before it Takes Off Again

    “C3.ai is one of the hottest software stocks on the market. Now, after dropping about 60%, it’s one of the most undervalued – and still attractive. For one, there’s no shortage of demand for its products,” we noted in late January. “In fact, the company is making money by developing AI solutions and software for…

  • Qualcomm (QCOM) Could be the Next Big AI Winner

    Qualcomm (QCOM) Could be the Next Big AI Winner

    Qualcomm (QCOM) could be the next big AI winner. All thanks to its smartphone chips.  In fact, according to TD Cowen, “Qualcomm, a maker of mobile processors and 5G wireless chips, could be an underappreciated beneficiary from the rising trend toward artificial intelligence.” The firm just reiterated an outperform rating on QCOM with a price…

  • Here’s Why Marvell Could See Higher Highs

    Here’s Why Marvell Could See Higher Highs

    Marvell Technology (MRVL) could eventually see higher highs. Granted, the stock is now technically overbought and could see some profit-taking.  Longer-term, it could race to higher highs.  All thanks to the artificial intelligence story. “AI has emerged as a key growth driver for Marvell, which we are enabling with our leading network connectivity products and…