Worried about a top-heavy S&P 500? You’re not alone – concentration risk is a key theme for investors and market watchers right now. The S&P 500, up 16.3% YTD, continues to offer a nice investment opportunity, but a significant over-reliance on just a few tech names creates some serious risk. Investors and advisors may want [...]
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The S&P 500 and Nasdaq fell on Thursday with Apple leading declines in megacap growth stocks on concerns over China's iPhone curbs, while a fall in weekly jobless claims stoked worries about sticky inflation.
Self-driving autos are gaining traction, and several companies are testing their robotaxi fleets. From one old-school automaker to a specialized AI chip giant, here are three prime stocks to play the autonomous driving industry.
What happened
Shares of C3.ai (NYSE: AI) were down 12% as of 10:39 a.m. ET on Thursday after the company's earnings report for the fiscal quarter ending July.
Robots and artificial intelligence (AI) are increasingly gaining precedence in our daily life. The pandemic-driven stay-at-home trend made these more important as we have become more dependent on technology. The growing accessibil
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.83%. Stock indexes this morning are mostly lower, with the...
Bandwidth Inc. BAND has teamed up with Google and Cognigy to introduce a voice-based artificial intelligence tool AIBridge. The partnership aims to offer a premium customer service experience by harnessing the full potential of ge
The S&P 500 and Nasdaq fell on Thursday with Apple leading declines in megacap growth stocks on concerns over China's iPhone curbs, while weaker-than-expected jobless claims data stoked worries about sticky inflation.
Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.67%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -1.20%, both at 1-week lows. Stock indexes this morning are moderately lower. Apple is down more than -2% in pre-market trading to lead technology stocks lower...
U.S. stock markets closed lower on Wednesday as market participants remain highly concerned regarding the Fed’s next move with respect to interest rate. A resilient U.S. economy and an elevated inflation rate may compel the centra
The NASDAQ 100 Pre-Market Indicator is down -185.06 to 15,186.38. The total Pre-Market volume is currently 30,767,876 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.47 at $18.65, with 3,793,473 shares
Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well.
To find more stocks like these, take a look at TipRanks’
Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts.
Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Amazon (
NASDAQ:AMZN)
– Amazon is a multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. Yesterday,
Bank of America Securities analyst Justin Post maintained a Buy rating on the stock with a price target of $174. All 31 Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of nearly 29%.
Alibaba Group (
NYSE:BABA)
– Alibaba is a provider of e-commerce, retail, Internet, and technology services. Yesterday,
Loop Capital Markets analyst Rob Sanderson reiterated a Buy rating on the stock with a price target of $135. BABA stock has received Buy ratings from all seven Top Analysts who have recently rated it. Overall, the consensus 12-month price target suggests an increase of about 54%.
Nvidia (
NASDAQ:NVDA)
– This company manufactures computer graphics processors, chipsets, and related multimedia software. Yesterday,
Goldman Sachs analyst Toshiya Hari reaffirmed a Buy rating on the stock with a price target of $605. 31 out of the 32 Top Analysts who recently rated the stock gave it a Buy. Collectively, their 12-month price targets imply an upside of nearly 34%.
Who are the Top Analysts?
TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’
Top Wall Street Analysts page.
Disclosure
The S&P 500 and Nasdaq futures fell on Thursday over concerns about sticky inflation, while investors awaited comments from key Federal Reserve officials later in the day to gauge the U.S. interest rate path.
For Immediate ReleaseChicago, IL – September 7, 2023 – Zacks Equity Research shares NVIDIA NVDA as the Bull of the Day and Taiwan Semiconductor TSM as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Ev
Launched on 07/10/2001, the iShares Semiconductor ETF (SOXX) is a smart beta exchange traded fund offering broad exposure to the Technology ETFs category of the market.
Taiwan Semiconductor (TSM), the giant $500 billion microchip foundry for Apple (AAPL) and NVIDIA (NVDA), has slipped into the cellar of the Zacks Rank as analysts ratcheted down EPS estimates in the past two months.Despite TSM's i
There is no question artificial intelligence (AI) is top of mind for most investors in 2023. Why wouldn't it be? Research firm McKinsey & Company estimates the technology could add $13 trillion to the global economy by 2030. Cathie Wood's Ark Investment Management places that
AI (Artificial Intelligence) brings enormous growth opportunities for Advanced Micro Devices (
NASDAQ:AMD
) stock. For instance,
AMD’s CEO Lisa Su highlighted during the Q2 conference call that
AI (Artificial Intelligence) offers the company a multibillion-dollar growth opportunity, spanning across multiple verticals, such as cloud computing and edge technology.
During the 2023 Communacopia and Technology Conference, Su reaffirmed that AI remains the top priority for AMD. She also stated that the company is witnessing a consistent increase in customer engagement within the AI domain, keeping most Wall Street analysts in awe of AMD stock.
Investors should note that the company has increased its AI-related R&D and go-to-market investments to capture a significant market share. In addition, it is rapidly expanding its ecosystem of AI hardware and software partners. All these indicate that AMD, like Nvidia (
NASDAQ:NVDA
), is expected to benefit significantly from the unprecedented demand for AI platforms.
Following the Communacopia and Technology Conference,
Goldman Sachs analyst Toshiya Hari reiterated the Buy recommendation on AMD stock. Moreover, his price target of $137 implies an upside potential of $25.375 from current levels. While Hari is bullish about AMD stock, let’s look at the consensus rating for AMD stock.
Is AMD a Buy, Sell, or Hold?
AMD stock sports a Strong Buy consensus rating on TipRanks, reflecting 25 Buy and seven Hold recommendations. Further, it has received 21 Buy recommendations from 27 Top Wall Street analysts covering the stock.
Overall, analysts’ 12-month average price target of $142.06 implies an upside potential of 30% from current levels.
Investors should note that TipRanks identifies the
Top Wall Street analysts per sector, per timeframe, and against different benchmarks. The ranking is based on an analyst’s ability to deliver higher returns through recommendations. Following the ratings, TipRanks’ algorithms calculate the statistical significance of each rating, the analysts’ overall success rate, and the average return.
The Final Takeaway
AMD stock is up about 69% year-to-date. Meanwhile, the strong demand for its MI250 accelerator and the launch of MI300 in Q4 are encouraging signs for future growth. Additionally, the expected recovery in the PC segment and AMD's focus on the high-end market are expected to bolster its growth trajectory. Further, analysts’ Strong Buy consensus rating supports its bull case.
Disclosure
Stock splits have no impact on business fundamentals like revenue or earnings, but they can cue investors in to potentially worthwhile investments. Stock splits are only necessary following sustained share price appreciation, and that rarely happens by accident. Instead, it often