Nasdaq NVDA Nvidia

Exchange-Traded Funds (ETFs) have seen a rapid progress since their inception. In its initial days, plain vanilla ETFs used to track broad market indices, but these have grown to cover a wide array of investment themes, sectors, a

Fortinet FTNT is currently one of the top-performing stocks in the technology sector. The stock price rally reflects the company’s robust fundamentals.

In this video, I will discuss how Nvidia's (NASDAQ: NVDA) biggest threat might not be Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below.

Infosys INFY launched a dynamic Metaverse museum in collaboration with the International Tennis Hall of Fame ("ITHF") to deliver incredible tennis artifacts and stories to the worldwide fan base.The Metaverse is currently availabl

Meta Platforms META division Instagram recently unveiled Threads, which focuses on text-based sharing. The new app presents an interesting competition for Elon Musk’s Twitter, which is facing user dissatisfaction following the lat

Wolfspeed WOLF and Renesas Electronics have entered into a 10-year wafer supply agreement, signaling a major step forward in the adoption of silicon carbide technology.Renesas, a leading semiconductor solutions provider, has depos

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Technology Select Sector SPDR Fund (Symbol: XLK) where we have detected an approximate $387.9 million dollar inflow -- that's a 0.8% increase we

At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 06/30/2023 reporting period, and noticed that NVIDIA Corp (Symbol: NVDA) was held by 14 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good ide

Alphabet Inc's Google has delayed the release of a fully custom chip for its Pixel smartphones until 2025, The Information reported on Thursday, citing two people familiar with the matter.

For Immediate ReleaseChicago, IL – July 6, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financ

Magnite MGNI, has recently announced that it has been selected by Foxtel Media to enable programmatic advertising on BINGE's ad-supported tier, BINGE Basic. Magnite, as the exclusive programmatic launch partner, will provide adver

Below is Validea's guru fundamental report for NVIDIA CORP (NVDA). Of the 22 guru strategies we follow, NVDA rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consiste

Wall Street closed June on an impressive note. The broad-market benchmark — S&P 500 Index — achieved its strongest monthly performance since October 2022, surging by 6.5%. The tech-laden Nasdaq Composite also experienced signi

There's no question that Advanced Micro Devices (NASDAQ: AMD) has failed to keep up with rival NVIDIA (NASDAQ: NVDA) in the data-center GPU market. While AMD sells data-center GPUs of its own, aimed at accelerating a wide variety of workloads, estimates for NVIDIA's share in the

What happened Shares of enterprise software giant Oracle (NYSE: ORCL) rallied 12.4% in the month of June, according to data from S&P Global Market Intelligence.

GlobalFoundries (GFS) is the third largest semiconductor foundry in the world behind Taiwan Semi (TSM) and Samsung. Recent company updates scaled back immediate growth prospects, and that's why the stock is a Zacks #5 Rank.GFS off

Volkswagen said it is monitoring the situation on metals markets after China imposed export restrictions on two minor metals used in semiconductors and electric vehicles, while some chipmakers on Thursday played down the potential damage to supplies.

If investors learned one thing in 2023, it's that market conditions can turn on a dime. By all accounts, 2022 was the worst year for investors in over a decade, with the major market indexes posting their worst performances since 2008. Now, just six months later, it appears the w

Tech stocks roared back, wrapping up the first six months with massive gains. The prospect of less aggressive interest rate hikes in the future, moderation in the inflation rate, and the grand entrance of Generative  AI (Artificial Intelligence) are behind investors’ buoyant mood. While the economy still exhibits weakness and valuations appear rich, the recovery in cloud computing and AI-led opportunities indicate that the bull run in tech could sustain in the second half of 2023.  While the sector is expected to benefit from secular trends, investors should note that there could be select buying opportunities across the tech landscape in the second half of this year. But before we move ahead, let’s look at the recent price performance of technology stocks.  Tech Stocks – The Stellar 1H Price Performance Contrary to the fears of recession and weak end-market demand, the buzz around AI led Nvidia's ( NASDAQ:NVDA ) stock to  attain $1 trillion in market cap. Meanwhile, shares of Meta Platforms ( NASDAQ:META ) are up about 145% year-to-date, thanks to the implementation of deep cost-cutting measures and growing momentum in its products and platforms.  At the same time, Amazon's ( NASDAQ:AMZN ) stock has gained over 55%, reflecting the easing of the inflationary environment, cost-cutting initiatives, and an expected recovery in its AWS (Amazon Web Services) segment.  Apple's ( NASDAQ:AAPL ) stock grew about 48% due to the momentum in Services revenue and easing supply-chain headwinds. Meanwhile, Microsoft ( NASDAQ:MSFT ) and Alphabet ( NASDAQ:GOOGL )( NASDAQ:GOOG ) stocks also defied the weak general market trend and have gained 42% and 38, respectively, on a year-to-date basis.  Thanks to this recovery, the tech-heavy NASDAQ 100 Index ( NDX ) is up about 39%. Further, tech and AI-focused ETFs ( Exchange-Traded funds) like the Invesco QQQ Trust ( QQQ ) and Global X Robotics & Artificial Intelligence ETF ( BOTZ ) have also delivered substantial gains and witnessed  large inflows of cash.   The 2H 2023 Outlook Thanks to the solid secular tailwinds, it is hard to find shorts among these large tech companies. Exposure to generative AI, a recovery in cloud computing, and a rebound in end-market demand could continue to fuel growth for these companies.  TipRanks’  Stock Comparison tool shows that Wall Street analysts are bullish about these tech stocks. All of these stocks command a Strong Buy consensus rating on TipRanks. However, analysts’ average 12-month price targets show limited upside potential.  Nvidia is the only big tech stock offering double-digit upside potential based on the average price target. Despite the stellar gains, the double-digit upside potential in NVDA stock shows the recognition of NVDA’s leadership in the AI space.  Besides for NVDA, shares of Amazon could exceed analysts’ average price target, reflecting reacceleration in AWS’ growth rate, AI-led tailwinds (AWS’ Generative AI offerings), and cost-saving measures.  Besides for these mega-cap stocks, the  Top Wall Street analysts are also bullish about Advanced Micro Devices ( NASDAQ:AMD ), CrowdStrike ( NASDAQ:CRWD ), ACM Research ( NASDAQ:ACMR ), Axon Enterprise ( NASDAQ:AXON ), and EngageSmart ( NYSE:ESMT ).  These tech stocks offer decent upside potential over the next 12 months based on analysts’ price targets. Bottom Line  Despite macro uncertainty, the recent rally in technology stocks shows investors’ optimism in the sector. Further, analysts’ Strong Buy consensus rating on these stocks also substantiates the bullish view. Moreover, the expected increase in IT spending by enterprises on cloud and AI applications bodes well for growth.  Disclosure

The average one-year price target for NVIDIA (NASDAQ:NVDA) has been revised to 482.91 / share. This is an increase of 6.82% from the prior estimate of 452.06 dated June 1, 2023. The price target is an average of many targets provided by analysts. The latest targets range from a