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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 ...
Nvidia (NVDA) stock price prediction for Christmas 2024
Finbold· 2024-10-28 10:20
Nvidia (NASDAQ: NVDA) has had a stellar run, recently hitting a record high of $144, and the stock's technical setup signals further upside by Christmas 2024. This bullish outlook has emerged as Nvidia maintains its price above the $140 support level. The equity ended the Friday's trading session at $141.54, up 0.80% for the day. Ahead of the Monday session, NVDA is up 1.24% in pre-market trading. Notably, the chipmaker's dominance in artificial intelligence (AI) has helped NVDA's share price rally 193% yea ...
How will AMD stock react to Q3 earnings?
Finbold· 2024-10-27 16:57
Advanced Micro Devices, Inc. (NASDAQ: AMD) is set to release its Q3 2024 earnings on October 29, sparking high anticipation among investors. Valued at $252.8 billion, the semiconductor giant has attracted attention with its diverse portfolio of CPUs, GPUs, and adaptive processors. With mixed performance across segments, the stock’s reaction will likely hinge on key growth drivers and the impact of potential headwinds.AMD five-day price chart. Source: FinboldCurrently, AMD stock trades at $156, reflecting a ...