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AI predicts Broadcom stock price for end of 2024
Finbold· 2024-08-19 14:35
Benefiting handsomely from the ongoing artificial intelligence (AI) rally, Broadcom (NASDAQ: AVGO) stock recently underwent a 10-for-1 stock split, which made a purely aesthetic correction to its price. However, this may have prompted questions about its performance by December 31.2024 has brought sizable gains to AVGO stock, as it added 50.28% to its price since January 1, with 7.66% progress in the past five days, countered by a loss of 1.57% in the latest trading session on August 19, setting the price a ...
Meta AI predicts Nvidia stock price for 2025
Finbold· 2024-08-19 11:22
After mixed success in recent weeks, raising concerns about the sustainability of its rally, the price of Nvidia (NASDAQ: NVDA) stock seems to be recovering, and a newly released artificial intelligence (AI) model is quite bullish in terms of its price performance in 2025.As it happens, Nvidia stock has been making positive gains lately despite fears that it might be in a bubble, much like the Dot-com bubble from the 2000s, with some stock market experts comparing it to another technology giant, Cisco (NASD ...
AI predicts Amazon stock price for end of 2024
Finbold· 2024-08-19 10:52
Though Amazon (NASDAQ: AMZN) has declined significantly from its yearly highs above $200 – particularly due to a broad stock market bloodbath at the start of August – it has, in more recent trading, begun a strong recovery.Indeed, after first falling from approximately $200 at the start of July to about $187 at the start of August, and then to $161 within the subsequent days, AMZN has since recovered to $177.36 and is 5.78% in the green in the last week and remains 18.72% up year-to-date (YTD).AMZN stock YT ...
Here's ‘The Big Short' Michael Burry's largest stock position
Finbold· 2024-08-19 09:52
Though the most recent 13-f filed by ‘The Big Short’s’ Michael Burry and his Scion Asset Management revealed massive changes to the portfolio with the complete sale of 11 positions and opening of 5 new ones, the situation at the top remained nearly identical as it was in the first quarter of the year.Indeed, the May 15 filing revealed that Burry’s two biggest holdings were the Chinese giants Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD), with the former accounting for 8.7% of the portfolio and the latter for ...
Here's Warren Buffett's largest stock holding
Finbold· 2024-08-19 08:41
The recent Q2 stock holdings report on August 14 revealed that traders’ favorite investor, Warren Buffett, made significant changes to his portfolio, especially in his largest holding, Apple (NASDAQ: AAPL).Namely, during the quarter lasting from March 30 to June 30, the CEO of Berkshire Hathway (NYSE: BRK.A) decided to significantly trim the largest position in the portfolio, Apple, by selling 49.33% of its shares, as reported by Finbold.This reduction left Apple’s first spot unchanged but with a much small ...
2 Goldman Sach stocks to turn $100 to $1000 by 2025
Finbold· 2024-08-19 08:22
Banking giant Goldman Sachs (NYSE: GS) has identified several stocks likely to witness an upside in the future based on their key fundamentals. Notably, the bank’s backing is a significant move that can influence investors‘ decisions and the trajectory of specific equities. In this context, Finbold has identified two stocks highlighted by Goldman Sachs that can potentially turn a modest investment of $100 into $1000 by 2025.Alphabet (NASDAQ:GOOGL)Alphabet (NASDAQ: GOOGL), Google’s parent company, continues ...
Nvidia burst imminent? What lessons from Cisco's dot-com bubble teach about NVDA
Finbold· 2024-08-18 16:36
Core Viewpoint - Nvidia's stock performance has raised concerns about its sustainability, drawing comparisons to the 2000 Dot-com bubble and Cisco's trajectory during that period [1][5][6]. Group 1: Historical Context - Cisco's stock price surged dramatically in early 2000, exceeding its established upward trend, indicating a potential correction [3]. - A significant bearish divergence was observed in Cisco's performance, where the stock price rose while key technical indicators like the Relative Strength Index (RSI) declined, signaling weakening momentum [3][4]. - The steep rise in Cisco's stock reflected a parabolic trend driven by speculative fervor, which is typically unsustainable [4]. Group 2: Lessons for Nvidia - Nvidia's current stock valuation is questioned as it trades well above its long-term trend, similar to Cisco's situation in 2000 [5]. - Technical indicators for Nvidia may also show warning signs, with a potential bearish divergence if the stock price continues to rise while indicators like RSI weaken [5]. - Nvidia's recent price action has been steep, mirroring the parabolic trend seen in Cisco's rise, suggesting that significant corrections may follow [5][6]. Group 3: Current Stock Analysis - Nvidia's stock recently experienced high volatility, dropping below $90 but recovering to trade at $124, above the $120 support zone [7]. - Insider trading activity shows a net sell-off, with 5,688,976 shares sold in the last three months, indicating potential caution among insiders [9]. - Despite the volatility, bullish sentiments remain, particularly with anticipated positive earnings results for Q2 2024 [9].
AI predicts Broadcom (AVGO) price for the end of Q3
Finbold· 2024-08-18 14:10
As the semiconductor industry continues to thrive, fueled by the expanding demand for 5G, artificial intelligence (AI), and the Internet of Things (IoT), Broadcom (NASDAQ: AVGO) remains a standout player.With a market capitalization of $771.41 billion, Broadcom’s strong performance in both its semiconductor and infrastructure software segments positions it as a key beneficiary of these technological trends.To shed light on this, Finbold consulted ChatGPT-4 for insights into the stock’s potential performance ...
Why Nvidia (NVDA) is set for a pullback before earnings
Finbold· 2024-08-18 11:18
One of the most anticipated events in the stock market is the upcoming Q2 2024 earnings report by the semiconductor giant Nvidia (NASDAQ: NVDA).Besides outlining how the company has performed mostly regarding its bet on artificial intelligence (AI), attention will be on how the share price will react.Notably, NVDA is experiencing bullish momentum, trading at $124 at the closing of markets on August 16. This value reflects a 24-hour gain of over 1%, while the equity is up 16% on the weekly timeframe. NVDA on ...
XPeng stock price target 2025
Finbold· 2024-08-16 16:34
XPeng (NYSE: XPEV) has been a focal point in China’s competitive electric vehicle (EV) market, yet its stock has experienced considerable volatility. After reaching a high of $55 in late 2021, XPeng’s stock has plummeted by approximately 70%, currently trading around $6.90. This decline raises questions about the stock’s potential recovery and its price target for 2025.XPEV stock five-year price chart. Source: Google FinanceXPeng’s market position and performanceXPeng remains a significant player in the rap ...