For years, Tesla (NASDAQ: TSLA) has maintained a strong position in the electric vehicle (EV) industry, but an analyst is suggesting that the company might be overlooked in the booming artificial intelligence (AI) sector.This assessment is inspired by Tesla’s inroads in autonomous driving, robotics, and AI-driven technology, as Mark Newton, a technical analyst at Fundstrat Global Advisors, noted in an X post on September 20,Newton expressed amazement at how Tesla’s technologies, such as the upcoming Robotax ...

The share price of computer processor maker Advanced Micro Devices (NASDAQ: AMD) has resumed bullish momentum, aligning with the overall stock market rally following the Federal Reserve’s interest rate cut.At the close of the latest trading session, AMD was valued at $156, gaining almost 6% for the day. Indeed, the stock is recovering after recording significant sell-offs at the start of September, triggered by the overall market decline.AMD one-day stock price chart. Source: Google Finance With AMD still c ...

Just days after American TV personality Jim Cramer praised FedEx Corporation (NYSE: FDX) as a “great stock to own,” the company’s shares took a nosedive, giving, once again, fuel to his critics who believe CNBC’s ‘Mad Money’ host is perpetually in the wrong.Indeed, during an episode of his show on September 18, Cramer highlighted FedEx as one of the companies doing better than Wall Street realized, especially amid (now proven justified) expectations that the United States Federal Reserve would start cutting ...

Much like the vast majority of its peers in 2024, the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) has been experiencing significant pressure since the start of the year. The issues, primarily triggered by slower-than-expected demand, have ensured that Nio is, by press time, approximately 40% in the red in the year-to-date (YTD) chart.After a 7% decline on Wednesday appeared to have jeopardized the 30-day gains, NIO shares surged 5.78% on Thursday morning from their latest closing price of $5.02 to t ...

Amid a recent lackluster performance of Nvidia (NASDAQ: NVDA) stock following its earlier stellar advances, financial services and investment banking giant William Blair has initiated its coverage on NVDA shares, with expert Sébastien Naji sharing his reasoning.Specifically, William Blair’s analyst expressed optimistic sentiment regarding Nvidia’s future, initiating coverage on NVDA stock with an ‘outperform’ rating, as he took into account its previous performance in terms of demand for its products and it ...

The strongly bullish sentiment surrounding Broadcom (NASDAQ: AVGO) that was prevalent in late August was seemingly completely squashed at the start of September due to the publishing of a relatively disappointing earnings report and the broad stock market selloff.Despite the temporary downturn, AVGO shares have regained the upward momentum since, and Wall Street analysts have only confirmed their optimism about the technology giant with their most recent rating revisions.Broadcom stock, at press time on Sep ...

With the artificial intelligence (AI) craze still going strong, companies that successfully joined the bandwagon and incorporated the budding technology are recording a boom, including those in the exclusive society of the so-called ‘Magnificent Seven.’With this in mind, Finbold has set two major ‘Magnificent Seven’ stocks one against the other, measuring their characteristics, technical analysis (TA) indicators, and other aspects to see which might present a better investment for the time to come. Specific ...

The share price of electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) could see potential upside, driven by projections of impressive Q3 2024 deliveries. The company is expected to deliver 460,000 vehicles, aligning closely with the market consensus of 461,000—a 6% year-over-year increase and a 4% rise from Q2 figures, according to estimates by Wolfe Research.The firm’s stock analyst Emmanuel Rosner indicated that China will likely achieve a record delivery figure of 172,000, offering some relief as Eu ...

Morgan Stanley (NYSE: MS) has revised its outlook for Apple’s (NASDAQ: AAPL) share price, citing concerns around the lead time estimates for the company’s latest iPhone 16 series.In the updated outlook, the bank’s analyst Erik Woodring predicted a near-term target of $200 or an 8% drop from the stock’s current valuation of around $219, the banking giant said in an investor note on September 18.To back this sentiment, Morgan Stanley’s data indicated that iPhone 16 lead times are down 33% year-over-year in th ...

The September Federal Open Market Committee (FOMC) has become a hot topic among investors, with many believing the FED will finally begin lowering interest rates.There have been numerous different opinions on just how large the cuts ought to be, and one prominent expert – Veronica Clark of Citigroup (NYSE: C) – not only believes that 50 basis point (BPS) reduction is merited but also that America’s Central Bank is already behind the curve.The Citigroup economist, however, acknowledged that a 25 BPS decrease ...