Nasdaq NVDA Nvidia

Nvidia's move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report.

Fed Chair Jerome Powell will be back in the spotlight when he takes the podium at Jackson Hole later in the day to deliver a speech investors have been waiting for all week.

Japanese stocks slumped about 2% on Friday, as chip-related heavyweights Advantest and Tokyo Electron dropped after U.S.-listed shares of tech darling Nvidia ended flat overnight despite a robust outlook and record quarterly revenue.

Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday, as investors braced for the risk of a hawkish tilt from Federal Reserve Chair Jerome Powell at Jackson Hole.

Chicago wheat prices edged higher on Friday, as hot and dry weather in the United States and other key exporting countries raised the prospect of lower yields.

When it comes to artificial intelligence and machine learning, chances are, you’re not thinking about legacy technology giant International Business Machines ( NYSE:IBM ). While the sentiment is understandable, it could also be a mistake. With investors looking elsewhere, “Big Blue” has been quietly rallying in the second half of this year. I am bullish on IBM stock. IBM Stock Presents Tremendous Comparative Value Undoubtedly, the framework of AI and ML protocols centers on semiconductor juggernaut Nvidia ( NASDAQ:NVDA ). With its graphics processing units undergirding the physical machinery fueling generative AI platforms, NVDA continues to soar above the clouds. However, at some point, burnout may materialize, which cynically bodes well for IBM stock from a comparative value standpoint. Don’t interpret the above statement as any form of disrespect to Nvidia. As TipRanks reporter Vince Condarcuri mentioned, the GPU specialist absolutely smashed expectations for its second-quarter earnings report. Posting adjusted earnings per share of $2.70 on revenue of $13.51 billion, Nvidia comfortably exceeded already lofty consensus targets. However, as TipRanks contributor Joey Frenette pointed out days prior to the Q2 disclosure, the stakes for NVDA appear too high. In immediate hindsight, Frenette may seem a tad too pessimistic. Still, the point he makes about the difficulty in determining when the boom will turn into a bust is a valid one. Ultimately, it comes down to simple math. It’s easy to raise expectations. However, it becomes increasingly difficult to match them. To use a sports analogy, even the ultra-dominant U.S. women’s national soccer team couldn’t three-peat as a World Cup champion. Cynically, this backdrop favors IBM stock. In 2022, IBM spent a total of $6.57 billion in research and development, much of which was allocated to AI. For context, that’s considerably more than the market capitalization of up-and-coming digital intelligence specialists like SoundHound AI ( NASDAQ:SOUN ). Nevertheless, few want to give IBM stock a shot. Frankly, this narrative may change in due time. Big Blue Deserves Its Big Break While other public AI enterprises boast about their robust double-digit and even triple-digit returns so far this year, IBM stock appears almost completely irrelevant. Since the January opener, shares have gained about 5%. Still, over the trailing six months, Big Blue gained over 12%. It’s possible, then, that IBM could get its deserved big break in the second half. To be fair, the criticisms surrounding IBM stock carry legitimacy. How could they not? Over the past five years, shares have gone practically nowhere. Predominantly, even when IBM has been at the forefront of digital intelligence – the company’s Deep Blue beat chess world champion Garry Kasparov in 1997 – it largely failed to translate its achievements into investment success. One specific sticking point is the tech stalwart’s public failure to transform healthcare with AI. Beating a grandmaster at chess is one thing because there are only so many rational moves to make. However, dealing with cancer diagnoses represents a whole new ballgame due to the underlying dynamism. Still, IBM’s failure doesn’t automatically mean that other enterprises will succeed in healthcare or other tricky realms. For example, Alphabet ( NASDAQ:GOOG , NASDAQ:GOOGL ) also stumbled in its efforts to drive efficiencies in healthcare via AI. In other words, holistic AI is still a work in progress. However, given Big Blue’s deep pockets, it can eventually win digital intelligence’s long game. Attractive Attributes Should Entice Contrarians For investors patient enough to wait for IBM stock's resurgence, several appealing factors stand out. First, shares trade at only 15.1x forward earnings, which is undervalued compared to multiple tech subsegments. In contrast, NVDA runs a forward earnings multiple of 60.2x, which almost begs for a correction down the line. Another bullish factor to consider is the generous passive income. Right now, IBM features a dividend yield of 4.64%, well above the tech sector’s average yield of 1.025%. Plus, Big Blue has a dividend growth track record going back 23 years. Is IBM Stock a Buy, According to Analysts? Turning to Wall Street, IBM stock has a Hold consensus rating based on three Buys, seven Holds, and one Sell rating. The average IBM stock price target is $143.20, implying 0.24% downside risk. The Takeaway While investors are more than free to jump aboard the hype train of other AI powerhouses, IBM has been doing this for a long time. It’s possible that rather than a sprint, AI becomes a long marathon on a hot day. Under this context, Big Blue has the pockets and acumen to engage in a war of attrition. Therefore, IBM stock appears to be of great value for patient contrarians. Disclosure

Another quarter of stellar results from Nvidia NVDA currently has the chipmaker and AI pioneer sporting a Zacks Rank #1 (Strong Buy).

Markets lost whatever momentum they still had by mid-morning today, sliding into the red and closing near session lows. The August washout appears to want to continue; there were no major news events that would reasonably expect t

World stocks receded on Thursday as investors took a breather after bets that tech darling Nvidia will deliver blockbuster results paid off, while Treasury bond yields edged back higher following a big sell-off.

The NASDAQ 100 After Hours Indicator is down -33.63 to 14,782.81. The total After hours volume is currently 66,381,478 shares traded.The following are the most active stocks for the after hours session: Kenvue Inc. (KVUE) is -0.2088 at $23.45, with 68,085,293 shares traded. KVUE

The three major U.S. stock indexes ended down more than 1% each on Thursday, led by a drop in the Nasdaq after this week's sharp gains and as investors were nervous ahead of Federal Reserve Chair Jerome Powell's speech Friday.

To no one's surprise, Wednesday's slew of wins was once again short-lived, as all three major indexes suffered steep losses today. Investors made noise surrounding Nvidia's (NVDA) earnings blowout, but it wasn't enough to maintain gains ahead of tomorrow's Fed speech from Chair

U.S. stocks ended sharply lower on Thursday, led by a drop in the Nasdaq after this week's sharp gains and investor nervousness ahead of Federal Reserve Chair Jerome Powell's speech Friday.

Tech stocks were lower late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1.9% and the Philadelphia Semiconductor index falling 3%.

Artificial intelligence (AI) is Wall Street’s shiny new toy in 2023, with companies discussing the technology in a snowballing fashion. And following another blowout quarter from NVIDIA NVDA, it’s again jumped to the front of mark

What happened C3.ai (NYSE: AI) stock is losing ground in Thursday's trading as the market digests the impact of Nvidia's (NASDAQ: NVDA) recent second-quarter results. C3.ai's share price was down 11.1% as of 2:30 p.m. ET, according to data from S&P Global Market Intelligence.

U.S. stocks were lower in afternoon trading on Thursday, with the Nasdaq down about 1% after this week's sharp gains and investors nervous ahead of Federal Reserve Chair Jerome Powell's speech Friday.

"A new computing era has begun."

Tech stocks were lower Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1.4% and the Philadelphia Semiconductor index falling 2.2%.