Tag: NVDA
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Nvidia Could Easily See Another 30% of Upside
Nvidia could easily race higher. With the AI boom gaining momentum, strong earnings, and an upcoming 10:1 split, there’s a lot to like about the tech giant. For one, in its first quarter, the company posted adjusted EPS of $6.12 on sales of $26 billion. Gaming revenue was 18% higher year over year. Data center…
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Upcoming Stock Splits to Consider
Always keep an eye on stock splits. After all, they make expensive, sought-after stocks far cheaper for retail investors who may have missed out on the prior run. In addition, according to Bank of America analysts, stock splits are typically bullish for companies that enact them. On average, returns one-year post-split is 25%, compared to…
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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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Goldman Sachs Just Reiterated a Buy on Micron, But…
Shares of Micron Technology (MU) are exploding higher, we noted on Feb. 27. All as Micron begins producing artificial intelligence semiconductors for Nvidia. “AI workloads are heavily reliant on memory bandwidth and capacity, and Micron is very well-positioned to support the significant AI growth ahead through our industry-leading HBM3E and HBM4 roadmap,” Micron Chief Business…
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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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Update: Here’s Why Nvidia Could See $1,000 in 2024
As we noted on Feb. 12, “On its way to our projected $1,000 price tag, Nvidia (NVDA) is still exploding. This time, it’s running on the news its CEO Jensen Huang believes data center spending will double in the next few years. Plus, as we near NVDA earnings on Feb. 21, NVDA could see even…
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Here’s Why Nvidia Could See $1,000 in 2024
On its way to our projected $1,000 price tag, Nvidia (NVDA) is still exploding. This time, it’s running on news its CEO Jensen Huang believes data center spending will double in the next few years. “There’s about $1 trillion worth of installed base of data centers around the world. And over the next four or…
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Nvidia (NVDA) Starting to Pivot from Support
Keep an eye on Nvidia (NVDA). After dropping from about $500 to $410, the tech stock appears to have found strong double-bottom support. From its current price, we’d like to see it again challenge $500 with the AI boom still red-hot. Also, if you pull up a two-year chart of NVDA, you can see it’s…