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Advanced Micro Devices AMD is expanding its portfolio with the launch of the Ryzen Embedded 7000 Series processor family optimized for the high-performance requirements of industrial markets.The Ryzen Embedded 7000 Series uses 5 n

Investor sentiment is turning positive, as this month’s significant market gains roll on. The pace of inflation continues to decelerate, easing a major headwind, and the S&P 500 is up almost 17% year-to-date. Watching the market situation for Goldman Sachs, chief US equity strategist David Kostin notes that the sound third quarter earnings have provided additional support for the index’s recent gains, writing, “S&P 500 3Q earnings results were stronger than expected and represented the first quarter of year/year EPS growth since 3Q 2022. EPS grew by +4% year/year and +10% excluding Energy. Sequential margin expansion represented the bright spot during earnings season, while sales results beat expectations by a smaller magnitude. Corporates reported a continued broad-based slowdown in cash spending.” But it’s no secret that this year’s market gains have been driven by the tech sector. The tech-heavy NASDAQ has a 34% year-to-date gain. However, those gains have not been evenly distributed. Seven mega-cap tech giants, dubbed the ‘Magnificent Seven,’ have led the way. However, even among the 'Magnificent Seven,' the potential for gains is not evenly spread. According to 5-star analysts at Goldman Sachs, Amazon (NASDAQ: AMZN) and Nvidia (NASDAQ: NVDA) are primed for much larger gains than their peers going forward, and their stories are based on reduced worry in an uncertain time. Here are the latest details on these two tech leaders from the TipRanks databanks, along with comments from the Goldman analysts. Don’t miss Oppenheimer Expects the S&P 500’s Advance to Continue Into 2024 — Here's Why These 2 Stocks Might Be Worth Buying Insiders Load Up on These 2 ‘Strong Buy’ Stocks — Here’s Why You Should Pay Attention Morgan Stanley Says China’s Education Industry Looks Appealing Right Now —  Here Are 2 Stocks to Bet on It Amazon We’ll start with Amazon, a company that started out in the ‘90s as an online bookseller, survived the dot-com bubble-bust, and has since become the world’s largest online retailer. The company built its success on a complete reimagining of the e-commerce promise – giving customers access to an unmatched variety of products and offering home delivery as early as the next day. With a market cap just under $1.5 trillion, Amazon is the world’s fourth-largest publicly traded company. Growing from its extraordinary scale, Amazon has expanded from online retail into numerous other niches. The company has its hands in everything, from cloud computing to online television streaming, and is making use of AI to improve its service offerings on many of these products. AI has already been integrated into the AWS cloud, and is also used in Amazon’s new software code development tool, its new chatbot, and its image building platform. While these services are revenue generators, the company can afford to pursue them due to the size and scope of its retail successes. That success brought Amazon solid beats in its recent 3Q23 financial release. The company’s top line came to $143.1 billion, up nearly 13% year-over-year and beating the forecast by over $1.5 billion. Amazon’s year-over-year sales gains included 11% in the North American retail segment, 16% in international retail, and 12% for AWS. At the bottom line, Amazon reported an EPS of 94 cents per diluted share, compared to 28 cents in the prior-year quarter. The 3Q23 EPS came in 35 cents better than had been anticipated. As a result, Amazon shares are up 66% so far this year, strongly outperforming the broader market. For Goldman Sachs' 5-star analyst, Eric Sheridan, this adds up to a long-term growth story. He writes of the stock, “Looking over a multi-year timeframe, we reiterate our view that Amazon will compound a mix of solid revenue trajectory with expanding margins as they deliver yield/returns on multiple year investment cycles. After trading in a range (& underperforming the broader market) for most of the past 2-3 years, we see AMZN as well positioned for future outperformance as eCommerce margins continue a trajectory of scaling over headwinds created in recent years, as its advertising business continues to achieve scale and as AWS can still benefit from a long-tailed structural growth opportunity in the shifting needs of enterprise customers (while producing a balance of growth and margins).” Looking ahead, Sheridan sees Amazon as a sound investment by any measure: “In summary, we continue to see Amazon positioned as a leader in all aspects of secular growth within our Internet coverage (eCommerce, digital advertising, media consumption, aggregated subscription offerings & cloud computing).” The analyst goes on to rate Amazon shares as a Buy, and he sets a $190 price target to point toward a one-year gain of 29%. (To watch Sheridan’s track record, click here) The tech giants have no problem gathering plenty of analyst reviews – and Amazon has 40, all positive, for a unanimous Strong Buy consensus rating. Amazon shares are trading for $146.81, and their $175.51 average price target implies an upside of 19% in the coming year. (See Amazon stock forecast ) Nvidia Corporation The next tech giant we’ll look at is Nvidia, a leader in the essential semiconductor chip industry. Nvidia is another of the market’s multi-trillion-dollar companies, with a market cap of $1.2 trillion and huge – and growing – demand for its high-end, AI-capable GPU chips. Nvidia originally developed these chips for the online gaming niche, but the high processing capacity of the company’s GPUs made them eminently suitable for professional graphic design use as well as later for data center and AI applications. Nvidia got a major boost one year ago when its customer OpenAI launched the generative AI chatbot, ChatGPT. That powered a sudden boom in the AI industry, with a consequent burst of demand for Nvidia’s products. Nvidia received some additional welcome support earlier this year when OpenAI announced that it will need up to 10,000 new GPUs by next summer, just to maintain ChatGPT’s performance levels. While AI gets the headlines, Nvidia’s largest business comes from its data center segment. In the last reported quarter, fiscal 2Q24, Nvidia brought in more than $10 billion in data center revenue, the bulk of the company’s $13.5 billion quarterly top line. That total was more than $2.4 billion above the forecast, while Nvidia’s earnings, at $2.70 per share in non-GAAP measures, came in 61 cents ahead. Nvidia will release its fiscal 3Q24 numbers next week, and the Street is expecting to see $15.99 billion in revenue with a non-GAAP EPS of $3.37. Powerful demand is the key here, for Goldman analyst Toshiya Hari. The 5-star stock pro writes of Nvidia’s shares, “Look for NVDA to maintain its status as the accelerated computing industry standard for the foreseeable future given its competitive moat and the urgency with which customers are developing and deploying increasingly complex AI models. And a strong and broadening demand profile in the Data Center, plus an improving supply backdrop should support sustained revenue growth through CY2024.” Quantifying his stance, Hari gives NVDA shares a Buy rating. He has set his price target at $605, which implies a 23% upside for the next 12 months. (To watch Hari’s track record, click here) All in all, Nvidia has picked up 38 recent analyst reviews, and these have a lopsided split of 37 to 1 in favor of the Buys over Holds. The shares are currently selling for $491.41, and their $647.32 average price target suggests an increase of ~32% on the one-year horizon. (See Nvidia stock forecast ) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Wall Street's main stock indexes climbed on Tuesday as cooler-than-expected inflation data boosted expectations that the Federal Reserve was done raising interest rates and could start cutting them next year.

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NVIDIA NVDA recently unveiled its most powerful graphics processing unit (GPU), NVIDIA HGX H200. Based on its Hopper architecture, this newly introduced GPU chip will be able to manage extensive data volumes crucial for generative

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The semiconductor industry has been trying to stage a solid comeback this year. Although global semiconductor sales have declined year over year, higher demand has been driving sales over the past few months.

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A high interest rate environment generally has an adverse impact on growth stocks. However, analysts remain bullish on several growth stocks based on their potential to thrive despite macro pressures and capture solid opportunities over the long term. Using TipRanks’ Stock Comparison Tool, we placed Palantir ( NYSE:PLTR ), Nvidia ( NASDAQ:NVDA ), and Tesla ( NASDAQ:TSLA ) against each other to find the best growth stock as per Wall Street experts. Palantir Technologies (NYSE:PLTR) Palantir shares have rallied by a staggering 207% so far this year, with the data analytics company impressing investors by delivering four consecutive quarters of GAAP profitability. Earlier this month, the company reported better-than-anticipated third-quarter results. Revenue grew 17% year-over-year to $558 million, while adjusted EPS increased to $0.07 from $0.01 in the prior-year quarter. Palantir raised its full-year revenue and adjusted operating income guidance to reflect solid momentum in its business.   While government contracts continue to account for a significant portion of the company’s revenue, its commercial business is growing at an impressive rate, thanks to the demand for its recently released Artificial Intelligence Platform (AIP). It is worth noting that the company’s domestic commercial customer count increased 12% sequentially in Q3 2023 and has risen tenfold in just three years. Palantir expects near-term uncertainty in its U.S. government business due to budgetary constraints. That said, it projects the U.S. government business to reaccelerate beyond the current growth rate of 10%, fueled by the rising demand for its artificial intelligence (AI)-backed products. What is the Target Price for Palantir Stock? On November 2, Goldman Sachs analyst Gabriela Borges reiterated a Hold rating on PLTR stock and slightly raised the price target to $12 from $11. The analyst is impressed by the level of re-acceleration in Palantir’s U.S. commercial business and the company’s decision to re-center its go-to-market strategy around AIP "bootcamps" (interactive workshops). Nonetheless, Borges has a Hold rating on the stock as she continues to see better risk-reward in other players in her coverage and intends to assess the sustainability of the AIP-driven growth.      Wall Street has a Hold consensus rating on PLTR stock based on three Buys, five Holds, and five Sells. The average price target of $15 implies a possible downside of 24% from current levels.   Nvidia (NASDAQ:NVDA) Shares of chip giant Nvidia have skyrocketed nearly 233% year-to-date, thanks to generative AI-induced demand for the company’s graphics processing units (GPUs). The company’s advanced GPUs are the building blocks for the generative AI applications being built by several tech companies across the world. The 171% year-over-year rise in the company’s Data Center segment revenue in the second quarter of Fiscal 2024 (ended July 30, 2023) clearly reflected the solid demand backdrop for its products. Overall, Nvidia’s Q2 FY24 revenue jumped 101% to $13.5 billion. Moreover, adjusted EPS surged 429% to $2.70 on higher revenue and enhanced margins. NVDA is scheduled to announce its Q3 FY24 on November 21. Analysts expect the company’s EPS to increase significantly to $3.35 from $0.58 in the prior-year quarter, reflecting continued strength in the top line.     What is the Prediction for NVDA Stock? Last month, JPMorgan analyst Harlan Sur reaffirmed a Buy rating on NVDA stock with a price target of $600, saying that the company is bolstering its data center market and technology leadership with an accelerated new product cadence. In particular, the company’s new roadmap indicates a reduction in the new product launch timing from a 2-year cadence to a 1-year cadence. The analyst also pointed out that Nvidia is enhancing its Data Center business through additional market segmentation (cloud/hyperscale/enterprise) by expanding the number of product stock-keeping units (SKUs) that are optimized for varied AI workloads. With 37 Buys against just one Hold, Nvidia scores Wall Street’s Strong Buy consensus rating. At $647.32, the average price target implies 33.1% upside potential. Tesla (NASDAQ:TSLA) Shares of electric vehicle (EV) maker Tesla have pulled back more than 11% over the past month due to concerns over EV affordability in a high interest rate backdrop, declining margins amid competitive pressures, and the delay as well as costs related to Cybertruck.  While CEO Elon Musk is focused on boosting volumes despite the near-term impact of price cuts on profitability, several analysts are increasingly worried about the steep decline in Tesla’s operating margin. In Q3 2023, Tesla’s operation margin fell to 7.6% from 17.2% in the prior-year quarter. Also, the company is losing ground to emerging players in the EV space. Is TSLA a Buy, Sell, or Hold? Last week, HSBC analyst Michael Tyndall initiated a Sell rating on Tesla stock with a price target of $146. The analyst sees significant potential in the company’s prospects and ideas. Nonetheless, he is cautious as he expects the timelines to be longer than what the market and valuation reflect. Tyndall added that while EVs may be the main driver of Tesla’s revenue and earnings currently, the company’s future is about robots, autonomous vehicles, energy storage, and supercomputers. However, he pointed out that the expected cost of capital for these businesses would be way above the company’s average due to the regulatory and technological roadblocks they face. Including Tyndall, six analysts have a Sell rating on TSLA stock, 14 have a Hold recommendation, while 14 analysts have a Buy rating. Overall, Wall Street has a Hold consensus rating on Tesla stock. The average price target of $248.93 implies 11.3% upside potential. Tesla shares have rallied over 82% year-to-date.       Conclusion Wall Street is highly bullish on Nvidia, while it is sidelined on Palantir and Tesla. Analysts’ optimism about Nvidia is backed by its solid execution, continued innovation, and the generative AI-led stellar demand for its GPUs. As per TipRanks’ Smart Score System, Nvidia scores a “Perfect 10,” which implies that the stock is capable of outperforming the broader market over the long term.  Disclosure

In today's video, I discuss recent AI updates impacting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below.

Nvidia on Monday added new features to its top-of-the-line chip for artificial intelligence, saying the new offering will start to roll out next year with Amazon.com, Alphabet's Google and Oracle.

In the latest trading session, Nvidia (NVDA) closed at $486.20, marking a +0.59% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.08%. Elsewhere, the Dow gained 0.16%, while the te