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Thursday, October 27, 2022 

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 500 ETF Trust (Symbol: SPY) where we have detected an approximate $4 inflow -- that's a 1.1% increase week over week in outstanding uni

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Today's video focuses on how Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) could benefit from Meta Platforms' (NASDAQ: META) huge push into artificial intelligence. Many might believe that Nvidia only has one solution for the data center market, but this video wi

A carnage in U.S. technology stocks widened on Thursday as shares of Meta Platforms Inc sank 20% after the Facebook parent's costly metaverse bets and the impact of soaring inflation on ad spending spooked investors.

Intel (NASDAQ: INTC) stock has lost nearly half of its value in 2022 amid the broader market sell-off and the headwinds arising out of a slowdown in the personal computer (PC) space. It also lost market share to Advanced Micro Devices (NASDAQ: AMD). A closer look indicates that t

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The S&P 500's over 1% surge on Tuesday adds to two weeks of strong gains as investors speculate that third-quarter earnings reports could help pull the market out of its downturn.

What happened A broad cross-section of stocks resumed the rally that began earlier this month. This helped many stocks pull higher, following the updraft of the broader market indexes as they gained ground. Many technology stocks have been punished since reaching highs late last

Meta Platforms META has entered the worst economic downturn in the company’s history, which has affected the company’s advertising business in third-quarter 2022, set to report on Oct 26.

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Nvidia (NASDAQ: NVDA) is one of the world's most innovative semiconductor companies. But beyond making those advanced computer chips, it's also expanding its footprint in the software space, thanks to its leadership position in artificial intelligence (AI) development.

Advanced Micro Devices Inc. stock (NASDAQ: AMD) is down 22% in the past month (twenty-one trading days), performing much worse than the S&P 500, which was down 3.2% over this period. Additionally, if you look at the change over the last week and ten days, too, the stock has

Nvidia (NVDA) closed at $125.99 in the latest trading session, marking a +1.07% move from the prior day. This change lagged the S&P 500's 1.19% gain on the day. Meanwhile, the Dow gained 1.34%, and the Nasdaq, a tech-heavy index, lost 0.2%.

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This has been a miserable year for stock investors. Several broad market indexes are in bear market territory, meaning they are down at least 20%. Making matters worse, some growth stocks, like Nvidia (NASDAQ: NVDA), are down even more. Thankfully, there is one strategy (tax loss

Semiconductor stocks have taken even more damage than the overall market, thanks to what certainly seems like a perfect combo of macro headwinds. Supply-chain disruptions, a looming economic contraction, and other nearer-term issues have made the chip stocks falling knives at this juncture. Nonetheless, in this piece, we leveraged TipRanks' Comparison tool to provide a bit of insight into the two chip plays — Nvidia (NASDAQ: NVDA) and Intel (NASDAQ: INTC) —that may be most intriguing through the eyes of investors seeking a rebound. In terms of analyst forecasts, NVDA looks better. However, let's dig deeper.

Nvidia and Intel are semiconductor stocks on opposing sides of the spectrum. Though both stocks are under a lot of selling pressure, Nvidia remains one of the pricier (and more exciting) plays, while Intel seems dirt-cheap amid ongoing struggles to reclaim some of the market share it lost over the years.

Undoubtedly, Nvidia is a fallen winner still at the forefront of GPU innovation, while Intel seems to be losing ground to the competition. As the broader tech scene is dragged lower, investors may wonder if it's better to go with the hard-hit but still "pricy" leader or pay a rock-bottom price tag for an underdog with hopes that it can close the gap.

Nvidia (NVDA)

Nvidia stock is down about 64% from its all-time high of around $346 per share. The Nvidia growth story is still alive and well. In fact, it may have improved over the past year as shares have sagged. Though Nvidia is leading the charge for the chipmakers, with a foot in the door of so many trends in tech (think AI and the metaverse), the valuation was suspect. It may still be suspect today, even after shedding around two-thirds of its value from peak to trough.

Now, Nvidia stock deserves a premium to the peer group. Its incredible founder and CEO, Jensen Huang, have found a way to raise the bar in the industry. As numerous technological trends continue to evolve, Nvidia's growth rate could surpass the estimates of many. Indeed, it's tough to gauge what demand will be like in five years after the recession has blown over and new trends in tech (think wider adoption of video gaming and mixed-reality headsets).

Indeed, Nvidia is a forward-thinking growth play with a long-term growth rate that's difficult to fathom. It's hard to put a number on Nvidia's 10-year growth rate when emerging tech fields could feed demand steadily over time.

At this juncture, Nvidia stock goes for 33.4x trailing earnings and 10.4x sales. That's not all too expensive for one of the most impressive secular growth companies. Though higher interest rates and demand-waning recession woes could weigh the stock down further over the medium term, I think Nvidia is one of the names worth stashing on a radar.

What is the Price Target for NVDA Stock?

Wall Street remains bullish on Nvidia, with a "Moderate Buy" rating. The average NVDA stock price target of $199.83 implies 68.1% worth of upside from today's levels. Undoubtedly, Nvidia's price target has fallen quite a bit in recent months. However, I do think Wall Street is right to stand by the company amid transitory macro headwinds.

Intel (INTC)

Intel is a chipmaker that's seen shares fall more than 62% from peak to trough. Undoubtedly, Intel has lost a bit of its edge in recent years. With the economy ready to pull the brakes, there's fear that Intel could face pressure from all sides. Sluggish PC demand and decaying dominance could pave the way for considerable margin compression.

Undoubtedly, supply-side challenges could evolve into an inventory glut. Though the near-term future looks bleak, Intel is confident it can close the gap with its CPU rivals. The company is spending considerable sums to create a foundation that it hopes can help it regain some of its market share.

In August, Intel co-invested in an Arizona-based manufacturing facility that should help the firm fuel its "IDM 2.0" strategy. CEO Pat Gelsinger is confident that the strategy can help Intel turn the tides back in its favor. The market is mostly skeptical, and I think they're right to be.

At 5.8x trailing earnings and 1.6x sales, Intel is a deep-value stock that could offer huge rewards if Intel can make significant strides in 2023. The huge 5.6% dividend yield makes it tempting to bet on the chip underdog.

What is the Price Target for INTC Stock?

Intel shares have been slapped with a lot of downgrades lately. Overall, Wall Street is staying cautious here, with a "Hold" rating. The average INTC stock price target of $35.17 implies a rich return of 30.4% over the year ahead.

Conclusion: NVDA Seems Like a Better Pick

Wall Street seems to think it's better to go with the frontrunner in Nvidia rather than the underdog in Intel. I'm inclined to agree. Given the pace of innovation, it's very hard to play from behind in semiconductors.

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