The famous ‘Big Short’ investor Michael Burry might soon have a lot to celebrate as his biggest holding, Alibaba (NYSE: BABA) is either already in the green in its entirety, or at break-even levels.To be precise, Burry has, for a time, been in the green on the bulk of his 155,000 BABA shares but the initial batch of 50,000 has been somewhat controversial. Indeed, as the original Alibaba stock was acquired during the third quarter of 2023, it could have been bought for as little as $83 or for more than $100. ...

Something of a rom-com developed around Apple (NASDAQ: AAPL) in September, with the big ‘will they won’t they’ question arising about whether the new iPhone will yield higher returns for investors.Though initial reports have temporarily dampened bullish hopes, one Wall Street expert, Wedbush’s Dan Ives, has not lost faith in a happy ending, based on his comments in an interview on September 23.According to Ives’ analysis, the new iPhone and Apple Intelligence – Apple’s integration of artificial intelligence ...

Nvidia (NASDAQ: NVDA) has been the darling of Wall Street, particularly within the AI space, and for good reason. Thanks to its stranglehold on the AI chip market, where Nvidia holds a near-monopoly on the hardware needed to power artificial intelligence models, its shares are up 141.35% year-to-date, now trading at $116.26. However, recent softness—a decline of 7.98% over the past month—has raised some eyebrows among analysts and investors. NVDA 1-month stock price chart. Source: FinboldWhile Nvidia contin ...

Core Viewpoint - Nvidia's stock is currently facing short-term volatility but has strong fundamentals that suggest potential upside in the coming year, particularly driven by its new product lineup and historical performance following rate cuts [1][2]. Group 1: Stock Performance and Market Reaction - Nvidia's share price is currently $116, reflecting a decline of almost 0.4% for the day, with a 2% drop over the week and an 8% drop over the month [1]. - Historically, Nvidia's stock has responded positively to rate cuts, with an average increase of nearly 7% within a month, 16.6% after three months, 16.7% after six months, and 20.7% over a year [2]. Group 2: Product Pipeline and Future Growth - The upcoming Blackwell flagship line of chips is expected to capture 80% of the high-end GPU market by 2025, despite initial delays due to design flaws [2]. - Demand for Nvidia's existing products, such as the H100, remains strong, indicating minimal disruption in sales as the company transitions to new technology [2]. - Analysts predict that the rollout of Blackwell will significantly boost Nvidia's growth, with projections suggesting the company could become a $10 trillion entity [2]. Group 3: Analyst Sentiment and Price Targets - A consensus among 42 Wall Street analysts indicates a bullish outlook for Nvidia, with an average price target of $152.44, representing a 31% upside from the current valuation [3][4]. - The highest target set by analysts is $200, while the lowest forecast is $115 [3]. Group 4: Competitive Landscape - Nvidia faces increasing competition in the semiconductor market, particularly from Advanced Micro Devices (AMD) and Microsoft, which could impact its market position [4][5]. - Other companies, such as Apple, are also being considered as potential competitors in the AI space, indicating a growing competitive landscape [5].

By September 16, weaker-than-expected pre-order figures for the new iPhone 16 triggered a significant Apple (NASDAQ: AAPL) stock sell-off and pushed the shares down more than 2% already in the day’s pre-market.Only a week later, on September 23, the AAPL shares’ fortunes might be poised for a massive change as the sales of the new smartphone have begun during the preceding weekend, opening the possibility the big tech stock will finally surge toward $300.Expert analysis, both ahead of September and in the i ...

With Tesla (NASDAQ: TSLA) shares maintaining bullish momentum in recent weeks, a stock trading expert has pointed out that the equity is likely to breach the $300 mark by the end of 2024 but needs to clear several barriers.As it happens, Tesla is benefiting from the general stock market momentum, buoyed by the Federal Reserve’s interest rate cuts alongside growing optimism regarding the electric vehicle (EV) market recovery after slowed demand earlier this year.The EV maker’s shares ended the September 20 s ...

Although Nvidia (NASDAQ: NVDA) is registering short-term bearish sentiments, a stock trading expert has highlighted that investors should anticipate a possible record high, citing the equity’s technical setup and other internal fundamentals.In this context, Nvidia’s True Strength Indicator (TSI) on the weekly chart is displaying a “double bottom formation,” signaling an upcoming bullish move, stock trading expert CyclesFan observed in an X post on September 22.While this formation suggests that Nvidia may h ...

Advanced Micro Devices (NASDAQ: AMD) ranks among the key artificial intelligence (AI) stocks that have attracted interest in recent months while also facing competition from other players in the sector with the potential to offer profits for investors.In fact, in 2024, AMD has rallied over 12%, with the stock targeting new highs backed by key bullish fundamentals. One notable fundamental is the upcoming release of the MI325 and MI350 accelerators, which are projected to compete with Nvidia’s (NASDAQ: NVDA) ...

Tesla’s (NASDAQ: TSLA) share price is primed to extend its recent momentum in a potential price movement that an analyst has termed ‘unstoppable.’The stock has consistently formed higher highs in recent weeks, indicating bullish momentum, according to stock trading expert Klejdi Cuni in a TradingView post on September 19.Notably, shares of the electric vehicle manufacturer recently rallied, ranking among the best-performing S&P 500 equities, buoyed by the impact of the Federal Reserve’s interest rate cut. A ...

After an impressive run in 2024, powered by the artificial intelligence (AI) boom, Nvidia’s (NASDAQ: NVDA) stock price seems to be cooling off compared to general market sentiment.In fact, Nvidia ended the latest trading session relatively flat compared to other equities, which showed positive momentum after the Federal Reserve’s interest rate cut decision. Specifically, NVDA closed the day valued at $116, down 1.5% over the 24 hours. In a weekly timeframe, the semiconductor giant has dropped 0.5%. Despite ...