Nasdaq NVDA Nvidia

Artificial intelligence is getting a lot of attention in 2023, but a lot of the coverage is more hype than substance. Behind the scenes, there is a lot of value being created, but it may not be in the areas you think. Chips, cloud services, and security are great ways to invest i

(RTTNews) - NVIDIA Corporation (NVDA) will host a conference call at 5:00 PM ET on February 22, 2023, to discuss Q4 23 earnings results.

With Wall St stocks clocking their worst day of 2023 on Tuesday, many of the big consensus trades - short dollar, long bonds and long emerging markets - all look questionable if the U.S. and world economies are re-acclerating, buoying above-target inflation and forcing central banks to tighten further.

Investing in the stock market isn't always peaches and cream, as 2022 showed. All three major U.S. indexes plunged into a bear market and produced their worst single-year returns since 2008.

Semiconductor giant Nvidia ( NASDAQ:NVDA ) is scheduled to announce its earnings for the fourth quarter of Fiscal 2023 (ended January 29, 2023) after the market closes on Wednesday, February 22. Analysts expect revenue and earnings to decline year-over-year, reflecting weak demand in the gaming and crypto end markets. However, investors might focus on the outlook and the growth potential in the artificial intelligence (AI) space. NVIDIA’s Q4 Earnings Expected to Decline Nvidia’s Q3 FY23 revenue declined 17% year-over-year to $5.93 billion, while adjusted earnings per share (EPS) plunged 50% to $0.58. The company exceeded analysts’ revenue estimates but lagged earnings expectations. Macro pressures and China’s lockdowns caused a huge slump in the revenue from the PC gaming market, offsetting the 31% rise in the Data Center segment revenue. Nvidia guided for Q4 FY23 revenue to be “$6 billion, plus or minus 2%.” The company projected “modest” sequential growth in Q4 revenue to be driven by automotive, data center, and gaming. Meanwhile, analysts expect Nvidia’s Q4 FY23 revenue to decline 21.3% year-over-year to $6.02 billion. They project adjusted EPS to fall nearly 39% to $0.81. Is NVDA Stock a Buy? Ahead of the Q4 results, Oppenheimer analyst Rick Schafer reiterated a Buy rating on Nvidia and raised the price target to $250 from $225. Schafer expects Nvidia’s Q4 results to be in-line or exceed the Street's estimates. Furthermore, he expects fiscal first-quarter guidance to be roughly in line with Wall Street’s expectations. "NVDA's AI-led structural growth thesis intact. DC [data center], high-performance gaming, and auto present triple play for sustained growth," said Schafer. Wall Street is cautiously optimistic about Nvidia, with a Moderate Buy consensus rating based on 13 Buys, two Holds, and two Sells. The average NVDA stock price target of $232.59 implies nearly 9% upside potential. Shares have rallied over 46% since the start of this year. Conclusion Continued weakness in certain end markets, like gaming, is expected to adversely impact Nvidia’s performance on a year-over-year basis in Q4 FY23. Nonetheless, an upbeat guidance by the company and the demand in AI space could drive the stock higher. Disclosure

Microsoft Corp has struck a 10-year deal to bring "Call of Duty" and other Activision games to Nvidia Corp's gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision.

Today's video focuses on Microsoft (NASDAQ: MSFT) and the 10-year partnerships it has made with Nvidia (NASDAQ: NVDA) and Nintendo (OTC: NTDOY) to bring Activision's (NASDAQ: ATVI) Call of Duty games to gamers of all hardware. Check out the short video to learn more, consider sub

Welcome to the ORATS earnings report where we scan for companies with upcoming earnings announcements, check out historical earnings information, and find a potential options trade.

After years of leading the market forward, tech stocks their shine in 2022. Rampant inflation and rising interest rates dampened investor interest in tech stocks, especially unprofitable ones or ones trading at demanding valuations.  While some correction was probably warranted after years of outperformance, the sell-off perhaps went too far. This is evident in the way that tech stocks are roaring back so far in 2023. Several factors are behind tech’s rebound -- animal spirits are returning to the tech sector thanks to growing investor interest in advances in artificial intelligence (AI). Furthermore, high-profile tech companies like Meta Platforms ( NASDAQ:META ), Salesforce ( NYSE:CRM ), and Sea Limited ( NYSE:SE ) seem to be getting the market’s message and placing a new emphasis on profitability and managing expenses. Investors are greeting this shift in focus with enthusiasm. Lastly, some investors believe that the Fed’s interest rate hikes will slow in pace this year. With this changing backdrop in mind, here are three top tech ETFs investors can add to their portfolios to gain exposure to tech’s rebound.  Invesco QQQ Trust ( NASDAQ:QQQ) The Nasdaq ( NDX ) has always been associated with technology and innovation, and the Invesco QQQ Trust is tailor-made to track the Nasdaq 100. This is a massive ETF with almost $162 billion in assets under management (AUM). As one would expect from a tech-heavy fund, QQQ fell 32.5% and has rallied to a 13.9% gain in 2023.   Because the Invesco QQQ Trust replicates the 100 largest stocks in the Nasdaq, QQQ’s top 10 holdings are essentially a who's who of large-cap tech companies like Microsoft ( NASDAQ:MSFT ), Apple ( NASDAQ:AAPL ), Alphabet ( NASDAQ:GOOGL ), Amazon ( NASDAQ:AMZN ) and Meta Platforms. Also included are semiconductor stocks like Nvidia ( NASDAQ:NVDA ) and Broadcom ( NASDAQ:AVGO ), along with the world’s largest automaker by market value, Tesla ( NASDAQ:TSLA ). Consumer staples stalwart Pepsi ( NASDAQ:PEP ) is a non-tech stock in the top 10. QQQ holds 102 stocks, and these top 10 holdings account for 53% of the fund. QQQ features an investor-friendly expense ratio of just 0.2%. Additionally, it pays a dividend and currently yields 0.7%. The Invesco QQQ Trust also screens positively based on a number of other indicators. It has an ETF Smart Score of 8, indicating an Outperform rating, and the consensus is that QQQ is a Moderate Buy. The average QQQ stock price target of $348.90 indicates upside potential of 15.9% versus current levels.  Technology Select Sector SPDR Fund ( NYSEARCA:XLK) While QQQ focuses on the tech-heavy Nasdaq 100, the Technology Select Sector SPDR Fund is an ETF from State Street that invests in the technology sector of the S&P 500 ( SPX ). XLK's top holdings overlap with those of QQQ, as Apple, Microsoft, Nvidia, and Broadcom are represented in the top 10 of both funds. However, one difference between the two ETFs is that XLK's top holdings include payment networks like Visa ( NYSE:V ) and Mastercard ( NYSE:MA ). This is because these stocks are listed on the NYSE rather than the Nasdaq. While they are perhaps not immediately associated with tech, these mega caps can be considered fintech companies. The Technology Select Sector SPDR has 78 positions, and its top 10 holdings make up 67.9% of the fund.  XLK fell 27.7% in 2022, but it has stormed out to a 13.4% gain so far in 2023.  The Technology Select Sector SPDR Fund has an ETF Smart Score of 8 and a Moderate Buy consensus rating from analysts. Blogger sentiment and news sentiment are both bullish, while crowd wisdom is negative. Additionally, hedge fund involvement is decreasing.   XLK isn’t quite as large as QQQ, but this is still a major ETF, with $42 billion in AUM. While QQQ features an investor-friendly expense ratio of 0.2%, XLK features an even more appealing expense ratio of just 0.1%. Like QQQ, XLK also pays a dividend and currently yields a slightly higher 0.9%.  ARK Innovation ETF ( NYSEARCA:ARKK)  While QQQ and XLK have a lot in common, investors can think of the ARK Innovation ETF as a supercharged version of these ETFs. ARKK amplifies both the good and bad aspects of the tech sector. When the market is negative on tech stocks and in risk-off mode, ARK Innovation struggles. But when investor enthusiasm for tech is high, and the market returns to a more risk-on sentiment, ARK Innovation outperforms. This is evident in its recent performance. ARKK fell much further than XLK or QQQ last year, with a 67% decline. However, while XLK and QQQ have rallied this year, ARKK has outperformed them with a turbo-charged rally of 37.4% year-to-date. This is because ARKK places more of a focus on “disruptive innovation.” While these companies boast potentially impressive technologies, some of them are not yet profitable or trade at higher multiples, so these are higher-risk, higher-reward holdings. It means that you won’t see steady stocks like Pepsi, Visa, or Mastercard in ARKK’s top holdings. Instead, you’ll find stocks like Coinbase ( NASDAQ:COIN ), Unity Software ( NYSE:U ), Spotify ( NYSE:SPOT ), Shopify ( NYSE:SHOP ), and Block ( NYSE:SQ ). One thing that ARKK has in common with QQQ is a top 10 position in Tesla. In ARKK’s case, Tesla is the fund’s top holding, and it accounts for over 10% of the fund. Additionally, ARKK is more concentrated than QQQ or XLK, with just 30 holdings. Its top 10 holdings make up 62.4% of the fund. While QQQ and Nasdaq track indices, ARKK's holdings are at the discretion of ARK’s portfolio management team. The ARK Innovation ETF has a higher expense ratio than the other two ETFs, coming in at 0.75%. ARKK does not pay a dividend like the ETFs discussed above, and it's a smaller fund than QQQ and XLK, with $7.9 billion in AUM. ARKK has an ETF Smart Score of 5, indicating a Neutral rating. Blogger sentiment is also neutral, while crowd wisdom is very negative. Interestingly, analysts collectively view ARKK as a Hold, but the average ARKK stock price target of $48.54 indicates upside potential of 18.8%.   Investor Takeaway  All three of these tech-centric ETFs are off to strong starts in 2023 as investor enthusiasm for tech returns. These ETFs are likely to continue performing well if interest rates remain under control this year, big-tech companies continue to focus on profitability, and AI continues to capture the imagination of investors. If the market turns south, all three of these ETFs could suffer. Nevertheless, XLK and QQQ likely offer more ballast than ARKK in the event of another downturn in tech sentiment thanks to their focus on large-cap tech, their broader range holdings, and their dividends. However, if the market remains hot, ARKK will likely outperform them. One strategy investors interested in tech could consider employing is holding either QQQ or XLK and then a smaller position in ARKK to capture some of the upside while maintaining lower risk. Disclosure

The week of February 21 is set up like it may be another active one even with the shortened schedule. With earnings from retail leaders such as Walmart WMT, and Target TGT, as well as chip giant Nvidia NVDA, we will be getting significant insight into the underlying econo

The week of February 21 is set up like it may be another active one even with the shortened schedule. With earnings from retail leaders such as Walmart WMT, and Target TGT, as well as chip giant Nvidia NVDA, we will be getting significant insight into the underlying econo

Microsoft Corp President Brad Smith said on Tuesday the U.S. software giant has agreed to a licensing deal that will bring Activision games to Nvidia Corp's gaming platform and hoped that rival Sony Group Corp will consider doing the same.

Microsoft President Brad Smith said on Tuesday the U.S. software giant has agreed to a licensing deal that will bring Activision games to Nvidia's gaming platform and hoped that rival Sony will consider doing the same.

Cathie Wood is bullish about artificial intelligence (AI). Her ARK Invest "Big Ideas 2023" report, released last month, stated, "Artificial Intelligence is the most important catalyst, its velocity cascading through all other technologies."

Microsoft President Brad Smith on Tuesday will seek to convince EU antitrust regulators at a closed hearing that the U.S. software giant's $69 billion bid for "Call of Duty" maker Activision Blizzard will boost competition.

Semiconductor giant Nvidia ( NASDAQ:NVDA ) is scheduled to announce its earnings for the fourth quarter of Fiscal 2023 (ended January 29, 2023) after the market closes on February 22, Wednesday. Analysts expect revenue and earnings to decline year-over-year, reflecting weak demand in the gaming and crypto end markets. However, investors might focus on the outlook and the growth potential in the artificial intelligence (AI) space. NVIDIA’s Q4 Earnings Expected to Decline Nvidia’s Q3 FY23 revenue declined 17% year-over-year to $5.93 billion, while adjusted earnings per share (EPS) plunged 50% to $0.58. The company exceeded analysts’ revenue estimates but lagged earnings expectations. Macro pressures and China’s lockdowns caused a huge slump in the revenue from the PC gaming market, offsetting the 31% rise in the Data Center segment revenue. Nvidia guided for Q4 FY23 revenue to be “$6 billion, plus or minus 2%.” The company projected “modest” sequential growth in Q4 revenue to be driven by automotive, data center, and gaming. Meanwhile, analysts expect Nvidia’s Q4 FY23 revenue to decline 21.3% year-over-year to $6.02 billion. They project adjusted EPS to fall nearly 39% to $0.81. Is NVDA Stock a Buy? Ahead of the Q4 results, Oppenheimer analyst Rick Schafer reiterated a Buy rating on Nvidia and raised the price target to $250 from $225. Schafer expects Nvidia’s Q4 results to be in-line or exceed the Street's estimates. Furthermore, he expects fiscal first-quarter guidance to be roughly in line with Wall Street’s expectations. "NVDA's AI-led structural growth thesis intact. DC [data center], high-performance gaming, and auto present triple play for sustained growth," said Schafer. Wall Street is cautiously optimistic about Nvidia, with a Moderate Buy consensus rating based on 13 Buys, two Holds, and two Sells. The average NVDA stock price target of $232.59 implies nearly 9% upside potential. Shares have rallied over 46% since the start of this year. Conclusion Continued weakness in certain end markets, like gaming, is expected to adversely impact Nvidia’s performance on a year-over-year basis in Q4 FY23. Nonetheless, an upbeat guidance by the company and the demand in AI space could drive the stock higher. Disclosure

Microsoft President Brad Smith will on Tuesday seek to convince EU antitrust regulators at a closed hearing that the U.S. software giant's $69 billion bid for "Call of Duty" maker Activision Blizzard will boost competition.

The tech sector has been heating up over the past few months. Despite the hotter inflation report that weighed on broader two weeks ago, certain tech stocks still seem worthy of consideration. Undoubtedly, the tech scene continues to be a scary place to invest. Hot inflation numbers aren't making it easy on the Federal Reserve, which may need to maintain its hawkish tone for a while longer. The Fed does not want to undo the past year of progress as it looks to pull inflation down. As a result, the tech industry has already endured massive layoffs due to tightening credit conditions and other macro woes. Not all tech firms will adapt to these harsher conditions, but the following two highly-rated tech stocks, I believe, seem likeliest to shrug off recent woes troubling the highest-growth areas of the market. Therefore, let's check in on two names -- NVDA and UBER -- that could continue trending higher from here, even as a downturn touches down. Uber ( NASDAQ:UBER) Uber is a ride-hailing giant that has big plans for the next few quarters as it looks to drive toward GAAP profitability. I am bullish. The company is fresh off of a magnificent fourth quarter that saw the company clock in a surprise positive EPS figure of $0.29, well above expectations calling for a per-share loss of $0.15. Total revenue for the quarter rose to $8.6 billion, a 49% year-over-year increase. Trip requests also surged 19% year-over-year. Indeed, Uber has come such a long way since the messy days of the early pandemic when demand struggled to keep up with supply. With an industry-leading network of drivers and users, an Uber One subscription program that could get quite addictive for users who make good use of Eats and Rides, and a strong management team, it should be no mystery as to why Uber is continuing to pull ahead of peers in the space. Over time, I expect the gap to widen as Uber continues to narrow its losses en route to sustained GAAP profitability. The company's network is just too strong to stack up against, and management's focus on improving profitability prospects could make UBER stock tough to stop in its tracks. Up ahead, the company expects first-quarter gross bookings to rise by 20%-24% year-over-year. After an applaud-worthy quarter, I think it's safe to say Uber is on track to hit its coming targets ahead of schedule. What is the Price Target for UBER Stock? Wall Street still loves Uber, with 24 Buys and one Hold. The average UBER stock price target of $47.71 implies 37.2% gains from current levels. Nvidia ( NASDAQ:NVDA) Nvidia is a GPU giant that's been incredibly hot of late. Shares are up nearly 50% year-to-date. Though Nvidia is overdue for a pullback, it's hard not to be enthusiastic about the name amid the recent bout of artificial intelligence (AI) hype. Nonetheless, I am neutral on the stock. Nvidia continues to be the hardware firm to bet on the future of AI technologies, and its chips don't just stop at AI. The metaverse is another trend that could pave the way for unprecedented demand. Indeed, Nvidia may be just a semiconductor stock, but it's one that stands behind many emerging technologies. In that regard, Nvidia may be more of a diverse play on the future of tech than you'd think. Recently, Bank of America's ( NYSE:BAC ) Vivek Arya sat down with CNBC, noting that he expects Nvidia to have a lot to gain from the rise of AI. There's no question that Nvidia has many secular tailwinds behind it. That said, its valuation remains a question mark amid continued rate hikes and medium-term macro headwinds. At 19.5 times sales and 51 times forward earnings (well above semiconductor industry averages), Nvidia is an expensive stock once again. Sure, Nvidia will play a big role in the AI race, but there's a good chance the hype behind the name is a tad overextended. As such, I'd prefer to be a buyer of pullbacks rather than a chaser of momentum. What is the Price Target for NVDA Stock? Overall, Wall Street likes the GPU giant, with a "Moderate Buy" rating comprised of 13 Buys, two Holds, and two Sells. The average NVDA stock price target of $232.59 suggests 8.8% upside for the year ahead. The Takeaway At the end of the day, innovation could play a major role in helping firms navigate through a coming recession. With that, there are several battered tech stocks that can move on from their bear market moments en route to higher levels. Nvidia and Uber are two intriguing names to consider. Disclosure

Luxury carmaker Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley artificial intelligence company Nvidia.

In today's video, Jose Najarro, Nick Rossolillo, and Billy Duberstein discuss Nvidia (NASDAQ: NVDA) and what investors should watch for during its upcoming earnings report. Jose worries that a sharp increase in demand for server GPUs will create a supply glut in the data center m