Tag: artificial intelligence

  • Why Apple Could Soon Soar to Higher Highs

    Why Apple Could Soon Soar to Higher Highs

    The artificial intelligence story just got even hotter. All after Apple introduced a range of new AI feature, including an upgrade to its voice assistant Siri, integration with Open AI’s Chat GPT, and new writing assistance tools. Loving the news, investors sent AAPL up more than $12 a share yesterday, and another $6 today. As…

  • Apple Could Soar 36% as it Nears Launch of AI-iPhone

    Apple Could Soar 36% as it Nears Launch of AI-iPhone

    Keep an eye on Apple (AAPL). The beaten-down tech giant is ridiculously oversold at support dating back to May. It’s also oversold on RSI, MACD, and Williams’ %R. And it’s overdue for a bounce back. Helping, analysts at Bank of America say the stock could soar 36% as it nears the launch of its artificial…

  • 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…

  • 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…

  • This is Why Nvidia Could Race to Higher Highs

    This is Why Nvidia Could Race to Higher Highs

    Nvidia (NVDA) has gone ballistic. When we first mentioned NVDA, it traded at just $172 a share. Now, it’s up to $475.34 – and still running. Today alone it’s up $10.90 on the news Bank of America just reiterated a buy rating on the tech stock with a new price target of $550 from $500.…

  • 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…