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Why is AMD stock price crashing?
Finbold· 2024-10-30 14:05
On October 29, Advanced Micro Devices (NASDAQ: AMD) held its Q3 2024 earnings call. Earnings per share (EPS) came in exactly on par with consensus estimates, at $0.92, for a pretty compelling 38% increase year-over-year (YoY).Results in terms of revenue were not bad either at $6.82 billion, compared to analysts expectations of $6.71 billion — a 17% YoY increase.Good news, then — right? Wrong — at the time of publication, AMD stock price has dropped from a previous-day peak of $166 down to $156.25, marking a ...
What will Nvidia stock price be in 2030?
Finbold· 2024-10-30 12:16
As a notable frontrunner in the semiconductor industry, Nvidia (NASDAQ: NVDA) has managed to deliver outsized returns — owing chiefly to the company’s key position in the ongoing AI boom.On a year-to-date (YTD) basis, NVDA stock is the second-best performer — currently only surpassed by Vistra Corp (NYSE: VST), an energy company that has rallied by 234.46% since January. In the same timeframe, NVDA shares have seen a 191.66% price increase — at press time, the stock is trading at $140.49. NVDA share price Y ...
Why this is the best week to buy Nvidia (NVDA) stock
Finbold· 2024-10-30 12:04
With Nvidia's (NASDAQ: NVDA) stock dominating the market in 2024, historical data suggests that the equity is now presenting a compelling buying opportunity for investors seeking to capitalize on the artificial intelligence (AI) boom. The AI momentum has seen Nvidia rally 193% year-to-date, trading at $141 as of the last trading session. In the past week, the equity has shown some volatility, plunging by 0.5%, but NVDA continues to trade within the range of its alltime high. As of pre-market trading on Octo ...
ChatGPT picks two 2024 stock splits to buy now before skyrocketing
Finbold· 2024-10-29 17:08
2024 has witnessed notable stock splits, with one of the standout names being semiconductor giant Nvidia (NASDAQ: NVDA). Now, an artificial intelligence (AI) tool has offered insights into which equities that underwent a split might present an immediate investment opportunity. Stock splits make shares more affordable for retail investors, especially those who can't afford high-priced equities. Therefore, the increased accessibility to such stocks tends to drive higher demand, possibly boosting the stock's l ...
This AI ETF holds 19% of its portfolio in Nvidia, Google, and Microsoft
Finbold· 2024-10-29 14:52
Core Viewpoint - The Roundhill Generative AI & Technology ETF (CHAT) offers a balanced investment approach in the rapidly growing AI sector, providing exposure to both high-profile and lesser-known stocks, while outperforming the S&P 500 in 2024 [2][5]. Group 1: ETF Overview - CHAT began trading on May 18, 2023, and consists of 49 stocks, with major holdings in Nvidia (8.32%), Alphabet (5.31%), and Microsoft (5.21%) [2][3]. - The ETF has a gross expense ratio of 0.75%, which is considered reasonable given its performance and industry standards [4]. - As of the time of publication, CHAT has achieved a year-to-date return of 28.72%, compared to the S&P 500's 22.53% [5][7]. Group 2: Portfolio Composition - The ETF includes a mix of high-profile AI stocks and lesser-known equities, providing a diversified approach within the AI sector [2][7]. - In addition to U.S. stocks, CHAT also offers exposure to Chinese, Taiwanese, and Japanese AI equities, as well as energy stocks like Constellation Energy Corp. and NRG Energy [7]. Group 3: Investment Strategy - CHAT serves as a middle-ground investment option, avoiding the pitfalls of traditional tech ETFs that may include underperforming companies [1]. - While it allows for sector-specific diversification, it should be considered as part of a broader investment strategy due to its concentrated nature [7].
Analysts revise AMD stock price target ahead of earnings
Finbold· 2024-10-29 14:11
A significant driver of the ongoing two-year bull run is the potential of AI to revolutionize entire industries. While Nvidia (NASDAQ: NVDA) is the biggest beneficiary of this fact thus far — having seen impressive gains of 190.49% year-to-date (YTD), such a rapid rise has led to widespread concerns about the company's valuation. In contrast, NVDA's only real, direct competitor in terms of chipmaking, Advanced Micro Devices (NASDAQ: AMD) has seen comparatively modest gains of 16.09% in the same period. Finb ...
Jim Cramer recommends buying this stock due to ‘a very nice price'
Finbold· 2024-10-29 14:07
Noted for his strange – and often worse – stock picks, Jim Cramer has yet again doubled down on his arguably most controversial recommendation of 2024. BA stock YTD price chart with the Tuesday pre-market drop. Source: Google In a tweet published in the early hours of October 29, the former hedge fund manager and energetic host of Mad Money endorsed investing in the collapsing aeronautics giant Boeing (NYSE: BA). Specifically, Cramer described BA shares being priced at $143 as better than he expected and at ...
Monster Tesla insider trading alert for 2025
Finbold· 2024-10-29 12:33
Major insider stock sales, particularly those executed near highs not seen in some time, tend to unnerve investors, though they are generally pre-planned to ensure compliance with regulatory rules and guidelines and mostly not reflective of short-term dynamics or expectations. Thanks to this common practice, planned 2025 insider sales of more than 1.1 million Tesla (NASDAQ: TSLA) shares – worth approximately $300 million at press time – became known in October 2024. Tesla directors disclosure of plans to se ...
Analyst revises NIO stock price target
Finbold· 2024-10-28 15:51
Chinese electric vehicle pioneer NIO Inc. (NYSE: NIO) has seen mixed results this year. At press time, NIO shares are trading at $5.83. Although prices are down 30.77% on a year-to-date (YTD) basis, NIO stock is on a sharp upswing, having rallied by 8.63% on the daily chart to bring weekly gains up to 12.24%.NIO stock price daily chart. Source: FinboldThe launch of the company’s Onvo brand L60 model, a competitor to Tesla’s (NASDAQ: TSLA) Model Y, as well as near record-breaking delivery numbers in Septembe ...
Tesla stock hits 13-month high; is $300 next for TSLA?
Finbold· 2024-10-28 11:56
Though the third-quarter (Q3) report did not exceed – or even meet – expectations with all the critical metrics, it nonetheless proved positive enough to break Tesla’s (NASDAQ: TSLA) long losing streak in 2024.Indeed, having completely reversed the performance evident since early October and experienced a 23.74% surge in the last 30 days, TSLA shares are the most valuable since September 2023.Specifically, Tesla stock briefly approached $275 just over 13 months ago, while its price today, at press time on O ...