Tag: artificial intelligence
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The Pullback in Nvidia is a Buy Opportunity
The slight pullback in Nvidia (NVDA) is a buy opportunity. Last trading at $903.45, we still believe it’s headed well over $1,000 this year. Helping, analysts at Citi just opened a 90-day catalyst watch on the stock, noting, “We expect supply chain commentary from…suppliers during earnings and Computex Taiwan on June 2nd where Nvidia CEO…
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Nvidia’s Next Stop Could be $1,000
The artificial intelligence boom shows no signs of slowing. With artificial intelligence impacting just about every industry in the world, the market could be worth about $594 billion by 2032, according to Precedence Research. Plus, according to a McKinsey report, “63% of companies that adopted AI into their operations in 2023 reported revenue increases.” Plus,…
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Diversify Your AI Portfolio at Less Cost
Just weeks into the new year, tech stocks are scorching hot. Look at Nvidia (NVDA), for example. Since the start of January, it ran from about $475 to a high of nearly $890. All thanks to explosive demand for chips. Advanced Micro Devices (AMD) ran from about $135 to nearly $212 in weeks. Again, thanks…
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Micron is Rocketing Thanks to Nvidia
Shares of Micron Technology (MU) are exploding higher. In fact, on Monday, shares were up about $3.50 a share on a volume spike to 28.8 million shares, as compared to its daily average volume of 14.5 million. All as Micron begins producing artificial intelligence semiconductors for Nvidia. “AI workloads are heavily reliant on memory bandwidth…
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Meet Amazon’s AI Assistant, Rufus
Amazon (AMZN) is soaring. All after posting better-than-expected earnings. EPS of $1 was well above estimates for 80 cents. Revenue of $170 billion was above estimates of $166.2 billion. Amazon Web Services numbers came in at $24.2 billion, as expected. Advertising came in at $14.7 billion, slightly above expectations for $14.2 billion. Amazon also said…
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Here’s Why Apple is Headed to $200 Shortly
Apple is coming back strong, as hoped. Just days ago, we noted, “After falling from about $199.62 to a recent low of $180.17, the oversold tech giant is now back at $186.56. From here, we’d like to see it refill its bearish gap around $192.50 initially. Helping, the company just announced Apple Vision Pro will…
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This Could Be a Major Catalyst for Microsoft
Keep an eye on Microsoft (MSFT). Last trading at $336.63, the tech giant could see higher highs. All on the release of its M365 CoPilot. According to Piper Sandler, as quoted by CNBC, ““We see the formal release of M365 Copilot this week as an ‘iPhone moment’ for MSFT as part of a broader strategy…
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This is Why Microsoft Could Race to Higher Highs
Microsoft (MSFT) just went ballistic. Since the year began, the stock jumped from about $244 to a current price of $363.29. Today alone, it’s up 5%, or $17.08 a share. All on news it just announced a $30 per month subscription for the use of generative AI with Microsoft 365. As noted by CNBC, “Adding…
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These Catalysts Could Send AMD to $150
Earlier this year, we noted: “If AMD can break above $88.94 resistance, the stock could run back to $100 a share. Better, not only has growth been explosive, but the company continues to chip away at competitor market share, which should continue for some time.” Not only did it finally break above $100, it bolted…
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Take Advantage of Dips in Semiconductor Stocks
The artificial intelligence story is red hot. In fact, with all the excitement, the Ai market is expected to grow from about $100 billion to more than $20 trillion by 2030, according to Statista. All as AI transforms everything around us including supply chains, law, medicine, finance, security, etc. However, it’s not just AI stocks…