Apart from being one of the favorite picks of legendary investor Michael Burry, e-commerce giant JD.com (NASDAQ: JD) delivered strong Q2 earnings on August 15, prompting positive reactions from analysts, with JPMorgan analyst Andre Chang calling it “too cheap to ignore.”In an analysis released on June 16, Chang upgraded JD stock to an “overweight” rating, raising its price target from $33 to $36; the analyst believes JD’s recent strategy adjustments and low valuation make it likely to outperform in the next ...

As Nvidia (NASDAQ: NVDA) stock builds momentum after weeks of high volatility, it has emerged that billionaire investors are increasingly dumping the equity at a significant rate.Notably, the offloading of NVDA has coincided with a period during which the stock rallied significantly, mainly boosted by the chipmaker’s bet on the artificial intelligence (AI) space.By the close of markets on August 15, NVDA was trading at $122, having gained over 4% on the daily chart. On the weekly timeframe, the stock reboun ...

Despite recent volatility that sent Nvidia (NASDAQ: NVDA) stock swinging by 50% in both directions and large hedge funds selling their stakes, Wedbush’s Managing Director and Senior Equity Research Analyst Dan Ives predicts that Nvidia will trigger the next stock boom.In an August 16 tweet, the Wedbush analyst emphasized the importance of Nvidia and its CEO Jensen Huang, called “Godfather of AI” by Ives, in the current “Internet Moment,” which presents an opportunity to focus on tech winners of the fourth I ...

Core Viewpoint - Tesla Motors is facing significant challenges in 2024, including demand slowdown, product delays, and quality control issues, amidst regulatory scrutiny and a vehicle recall in China, leading to concerns about its stock performance [2][4]. Group 1: Current Challenges - The company is experiencing a slowdown in demand and delays in its product roadmap, alongside persistent quality control issues [2]. - Regulatory scrutiny over Tesla's Autopilot system and a large-scale vehicle recall in China have contributed to a challenging environment, referred to as an "EV winter" [2]. - Investor confidence has been shaken due to these challenges, raising concerns about Tesla's ability to maintain stock performance [2]. Group 2: Recent Stock Performance - Despite challenges, Tesla's stock has shown bullish momentum since July 2024, breaking above a critical all-time high lower highs trend-line [2]. - The stock price recently stood at $214.14, reflecting a recovery with over a 6% gain on the day and an 8% increase over the past week, despite a 16% decline over the past month [6][7]. - A green weekly candle formed last week indicates that the stock may have found its bottom, suggesting a potential rally similar to the one seen in April 2023 [4]. Group 3: Technical Indicators - Key technical indicators, including the "Channel Up" pattern and the interaction with the 200-week moving average (1W MA200), support a bullish outlook for Tesla [5][9]. - A confirmed break above the 1W MA200 would indicate a continuation of the upward trend, with a target price of $380 representing a potential gain of 194.87% from recent lows [5]. - The target price is strategically placed just below a critical resistance level at $385, and breaking above the initial resistance level at $299.50 would likely clear the path for reaching the $380 target [5].

As Intel (NASDAQ: INTC) has suffered a string of troubles in recent weeks due to defects in its products and corporate operational issues, competitors like Qualcomm (NASDAQ: QCOM) are eyeing bigger PC processor market share and artificial intelligence (AI) models are bullish on their stock prices.Indeed, Qualcomm might end up being one of the benefactors of Intel’s recent misfortunes, the current conditions representing an ideal opportunity for the company to make inroads into the AI PC market, particularly ...

Although the previous quarter’s 13F filings revealed that some hedge funds–Duquesne Family Office, Appaloosa Management, and Maverick Capital—decided to divest from Nvidia (NASDAQ: NVDA), Ray Dalio, founder of Bridgewater Associates’ hedge fund, decided to double down.Namely, as revealed in his August 14 Q2 holdings report-13F, Dalio bought up $722.9 million worth of NVDA shares, which now make up 4.2% of his portfolio as of June 30.Ray Dalio’s top 5 largest portfolio positions in Q2. Source: 13f.info Dalio ...

Amid the recent volatility in Nvidia’s (NASDAQ: NVDA) stock, several leading global investment funds have liquidated their positions in the semiconductor giant.According to filings on August 14 with the Securities and Exchange Commission (SEC), notable investment firms, including Stanley Druckenmiller’s Duquesne Family Office, David Tepper’s Appaloosa Management, and Lee Ainslie’s Maverick Capital, all reduced their stakes in Nvidia during the second quarter of 2024. For example, Druckenmiller’s family offi ...

As a difficult period for Tesla (NASDAQ: TSLA) stock, in which it declined over 20% since earnings, seems to be ending, one Wall Street analyst is confident the previous losses are not indicative of the carmaker’s longer-term value, setting a bullish Tesla stock prediction price target.Indeed, TSLA stock was until recently recording a bearish trend amid unfavorable developments like the recall of over 1.68 million of its electric vehicles (EVs) in China due to dangerous software issues, including the import ...

The share price of Advanced Micro Devices (NASDAQ: AMD) is experiencing bearish sentiment in the short term, with technical indicators pointing to possible further losses ahead.Interestingly, AMD closed the August 14 trading session with a modest drop of almost 0.3%, trading at $140. The equity has traded in the red in recent months, plunging over 20% in the last six months. However, the stock attempted to recover on the weekly chart, gaining over 6%.AMD one-day stock price chart. Source: Google Finance Imp ...

The semiconductor giant Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks in the market for nearly two years as it added well over $2 trillion to its market capitalization since the artificial intelligence (AI) boom began with the release of ChatGPT in October 2022.More recent trading, however, has put significant pressure on the blue-chip chipmaker, despite the strong rally in the last 5 sessions, and NVDA fell from the highs above $135 it reached shortly after its 10-for-1 stock split in Ju ...