While Nvidia (NASDAQ: NVDA) has been the center of attention since the AI boom started, another stock has managed to outperform it by leaps and bounds — with little to no fanfare.At press time, Texas-based utility company Vistra Corp. (NYSE: VST) is up 268.40% year-to-date (YTD). In comparison, NVDA is up 156.88% over the same period.VST shares have rallied by 98.11% over the course of the last six months, 83.03% over the last thirty days, and have even seen an impressive 17.62% surge in the last five days. ...

Core Viewpoint - Tesla is set to host its 'Robotaxi' event on October 10, which is expected to significantly impact its share price and showcase advancements in autonomous driving technology [1][2]. Group 1: Event Significance - The Robotaxi event is anticipated to highlight Tesla's Full Self-Driving (FSD) capabilities, marking a pivotal moment for the company [2]. - Analysts have varying opinions on the event's impact, with some viewing it as a potential turning point for Tesla's stock [2][3]. Group 2: Analyst Perspectives - Dan Ives from Wedbush considers the event a 'seminal and historical day' for Tesla, rating the stock as 'Outperform' with a price target of $300 [2]. - Deutsche Bank's Edison Yu expresses caution, suggesting the event could lead to a 'sell the news' scenario, while maintaining a 'Buy' rating with a price target of $295 [2]. - Canaccord Genuity analysts have muted expectations regarding the Robotaxi's near-term availability, setting a price target of $254 [2]. - Bernstein analysts highlight regulatory hurdles as a significant risk, suggesting that Tesla may struggle to grow units this year [2]. Group 3: Technical Analysis - A stock analyst noted a bullish inverse head-and-shoulders pattern in Tesla's weekly chart, indicating potential upside momentum [3]. - Increased institutional buying supports the recent breakout, with the Relative Strength Index (RSI) signaling a bullish trend [3]. - TrendSpider's analysis suggests a potential breakout could drive Tesla's stock price toward the $300–$400 range, following a prolonged consolidation phase [4]. Group 4: Market Response - The ultimate impact of the Robotaxi event on Tesla's stock will depend on market reception and the company's execution of its autonomous ride-sharing vision [4].

Core Insights - Companies are preparing to announce Q3 2024 earnings reports, with a focus on AI-driven stocks that have shown strong market performance [1] - Palantir and Advanced Micro Devices (AMD) are highlighted as two AI stocks to consider for investment amid the earnings reports [1] Palantir (NYSE: PLTR) - Palantir has had a strong year, with its stock trading at a high of $40 [2] - The company is recognized for its leadership in AI-driven analytics and has secured a $99.2 million deal with the U.S. Army for machine learning support in Q3 [3] - Palantir expects Q3 revenue between $697 million and $701 million, surpassing analysts' estimate of $679.1 million, while aiming to reduce reliance on government contracts, which constituted 54% of Q2 sales [3] - Concerns exist regarding the stock's valuation, with analysts warning that it may be overpriced at $40 per share [4] - Bank of America analysts maintain a bullish outlook with a price target of $50, supported by Palantir's recent addition to the S&P 500 index [5] Advanced Micro Devices (NASDAQ: AMD) - AMD is noted for its expansion in AI chip production, particularly with the MI300 series accelerators designed for AI workloads, competing with Nvidia [6] - The company estimates Q3 revenue at $6.7 billion, plus or minus $300 million, exceeding analysts' average estimate of $6.61 billion [7] - An upcoming AMD AI event on October 10 is anticipated to showcase next-generation products, potentially boosting stock momentum [7] - Analysts from Bank of America maintain a 'buy' rating with a price target of $180, citing the AI event as a catalyst for stock performance [7] - Technical analysis indicates strong bullish signals for AMD, with the stock recently breaking out of a downward channel [8]

With Nvidia’s (NASDAQ: NVDA) stock rallying massively in 2024, the trajectory has coincided with a period when the chipmaker’s insiders have been on a selling spree, offloading the highest number of shares in history.Particularly, the insiders have sold over $1.8 billion worth of stock, or almost 11 million shares, in 2024, marking the highest level since 2020, data compiled by The Washington Service indicates.Nvidia insider stock sales by year. Source: The Washington Service Despite the record sales, specu ...

NVDA stock YTD price chart. Source: Finbold While Nvidia's (NASDAQ: NVDA) main appeal in recent years has been the company's stellar growth on the business and the stock market side, holders of NVDA shares had more to celebrate on October 3. To be precise, the semiconductor giant paid out its quarterly dividend on Thursday to the tune of $0.010 per share. This means that an investor who purchased $1,000 worth of Nvidia stock at the start of 2024 would have received approximately $0.20 on October 3 – just un ...

In an unexpected turn of events, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have taken strong measures to support the recently revived class action lawsuit against Nvidia (NASDAQ: NVDA).The legal battle centers on the accusation that the semiconductor business misrepresented the source of over $1 billion in GPU sales. Nvidia attributed it to gaming-related demand, while the case alleges that this was an intentional misdirection and that the revenue was driven by GPU sa ...

Core Viewpoint - Tesla's stock has faced volatility due to mixed developments, including excitement over self-driving technology and disappointing vehicle delivery numbers [1][7]. Stock Performance - Tesla shares saw a 10.58% increase, rising by $23.21, with a current price of $242.62 [8]. - The stock experienced a sharp decline in early October after reporting lower-than-expected vehicle shipments for Q3 [7][9]. Analyst Ratings and Price Targets - Analysts have varied opinions on Tesla's stock, with RBC maintaining a "buy" rating, UBS holding a "sell" rating, and Truist Securities increasing its price target from $215 to $236 [9]. - Following the Q3 delivery report, HSBC and Guggenheim both issued "sell" ratings, with HSBC raising its price forecast from $118 to $124 and Guggenheim lowering it from $153 to $134 [9]. - JPMorgan assigned a "sell" rating but slightly increased its price target from $115 to $130, citing concerns over Tesla's vehicle volume growth [10]. - The average price target among analysts suggests a potential downside of 9.77%, estimating a drop to $217.14 [11][12]. Future Outlook - The upcoming "Robotaxi" event on October 10 is seen as a pivotal moment for Tesla, with potential to enhance its image as a technology and AI company [15]. - Success at the event could lead to significant stock price increases, while failure or further delays may reinforce perceptions of Tesla as primarily a car manufacturer [15][16].

Slowly but surely, Meta Platforms (NASDAQ: META) has been growing its presence and role in the ongoing artificial intelligence (AI) boom.The recent Meta Connect event, in particular, has helped add to the hype surrounding the social media giant’s venture into AI and the expansion of its hardware offering and helped the firm’s already strong stock market performance in September gain additional steam.META stock 30-day price chart. Source: FinboldWall Street experts appear equally impressed with Meta Platform ...

Though Nvidia (NASDAQ: NVDA) has already gained a superstar status in the stock market thanks to its pivotal role in the ongoing artificial intelligence (AI) boom, CEO Jensen Huang has recently outlined even more ambitious plans for the future.According to Huang, the semiconductor giant now plans to make leaps akin to the advancement from Hopper to Blackwell microchip infrastructure every single year.If successful, the program would double or even triple the capacity of companies utilizing AI infrastructure ...

Core Viewpoint - Nikola Corporation has faced significant challenges since going public in 2020, including stock price volatility and legal issues, but recent sales of hydrogen-powered trucks indicate a potential recovery [1][2][6]. Group 1: Stock Performance and Sales - NKLA stock peaked at $1,977 in mid-2020 but fell to $450 by the end of the year due to allegations of fraud and production issues [1][2]. - In October 2023, Nikola reported the sale of 88 Class 8 hydrogen fuel cell trucks, a 22% increase quarter-over-quarter, aligning with internal expectations [4]. - Following the sales announcement, NKLA stock surged by 19.57%, adding $0.91 to its share price in a single day [5]. Group 2: Legal and Operational Challenges - The company faced legal challenges, including a $165 million settlement related to fraud allegations against founder Trevor Milton [6]. - Nikola recalled all 209 electric trucks due to fire risks associated with their batteries, indicating ongoing quality issues [3][7]. Group 3: Future Outlook and Industry Position - While the pivot to hydrogen fuel cell vehicles shows short-term promise, long-term prospects remain uncertain due to the unproven nature of the technology at scale [8][10]. - The lack of hydrogen infrastructure and high costs present significant challenges, although Nikola is attempting to develop a network similar to Tesla's through its HYLA brand [9]. - The efficiency of hydrogen fuel cell vehicles is still debated, especially compared to established battery-electric solutions [10]. - If hydrogen adoption proves economically viable, Nikola could gain first-mover advantages in the green trucking niche, provided it manages its cash burn effectively [11].