Nvidia’s (NASDAQ: NVDA) share price continues to show strength, with a stock market analyst noting that the equity might be primed for new highs after clearing a few barriers.The outlook comes after NVDA ended the October 7 trading session up 2.2%, valued at $127. The equity has overcome recent volatility that saw NVDA struggle to break past the $120 resistance. To this end, over the past month, the Nvidia stock has rallied almost 20%, with shareholders being rewarded from the equity’s year-to-date rally of ...

Nvidia Stock Technical Analysis - Nvidia stock is forming a bullish butterfly pattern on the weekly chart, indicating a potential price target between $150 and $154 [1] - The stock's technical indicators suggest a bullish reversal, with the D point calculated at $153.61, signaling a potential upward move [1] - Key resistance levels are at $127.67 and $136.15, with a potential target of $140 if the stock sustains gains above $125.02 [3] - Nvidia is trading above both its 50-day and 200-day simple moving averages (SMA), reinforcing short-term and long-term bullish sentiment [6] Nvidia Stock Price Performance - Nvidia stock gained 1.6% in the last 24 hours, trading at $126 at the time of reporting [5] - On the weekly chart, Nvidia is up over 5% [5] Nvidia's AI and Chip Development - Nvidia's CEO unveiled the company's AI plan, aiming for annual advancements similar to the leap from Hopper to Blackwell microchip infrastructure [4] - The upcoming Blackwell GPUs are expected to boost investor confidence, with intense demand already reported [4] - Revenue from Blackwell could potentially push Nvidia's share price to $800 by 2030, with revenue reaching $600 billion by the same year [4] Microsoft Stock Risks - Regulatory challenges, increased competition in AI and cloud computing, economic downturns, and operational hurdles could drive Microsoft's stock down by 10-20%, potentially dropping to $370-$415 [2]

Nvidia’s (NASDAQ: NVDA) dominance in the profitable AI chipmaking sector has attracted the attention of would-be competitors. One of those is Cerebras — a chipmaker founded in 2015 by SeaMicro veterans and two of its founders, Andrew Feldman and Gary Lauterbach, after SeaMicro was acquired by Advanced Micro Devices (NASDAQ: AMD) for $334 million in 2012.In addition to this, OpenAI CEO Sam Altman and Sun Microsystems co-founder Andy Bechtolsheim are backing the company.  Semiconductor stocks have seen record ...

Although it is no secret that Elon Musk supports former United States President Donald Trump in the upcoming elections, the Tesla (NASDAQ: TSLA) CEO’s recent appearance at his Pennsylvania rally seems to have stirred the market’s sentiment regarding Trump Media (NASDAQ: DJT) stock.Specifically, after Musk recently joined Trump on stage in Butler, Pennsylvania, at the spot where the Republican presidential nominee survived an assassination attempt, the shares of Trump Media & Technology Group soared 2.30% in ...

With Apple’s (NASDAQ: AAPL) latest smartphone series showing a mixed reception among consumers, analysts are leveraging this trend to predict how the company’s stock might trade.In the latest outlook, Jefferies analyst Edison Lee pointed out that expectations around the iPhone 16 might be ‘too high,’ leading him to downgrade AAPL from ‘Buy’ to ‘Hold’ with a price target of $219.92, as stated in an investor note on October 7.The analyst emphasized that current expectations for the iPhone 16 and iPhone 17 are ...

While Nvidia (NASDAQ: NVDA) has been the center of attention since the AI boom started, another stock has managed to outperform it by leaps and bounds — with little to no fanfare.At press time, Texas-based utility company Vistra Corp. (NYSE: VST) is up 268.40% year-to-date (YTD). In comparison, NVDA is up 156.88% over the same period.VST shares have rallied by 98.11% over the course of the last six months, 83.03% over the last thirty days, and have even seen an impressive 17.62% surge in the last five days. ...

Core Viewpoint - Tesla is set to host its 'Robotaxi' event on October 10, which is expected to significantly impact its share price and showcase advancements in autonomous driving technology [1][2]. Group 1: Event Significance - The Robotaxi event is anticipated to highlight Tesla's Full Self-Driving (FSD) capabilities, marking a pivotal moment for the company [2]. - Analysts have varying opinions on the event's impact, with some viewing it as a potential turning point for Tesla's stock [2][3]. Group 2: Analyst Perspectives - Dan Ives from Wedbush considers the event a 'seminal and historical day' for Tesla, rating the stock as 'Outperform' with a price target of $300 [2]. - Deutsche Bank's Edison Yu expresses caution, suggesting the event could lead to a 'sell the news' scenario, while maintaining a 'Buy' rating with a price target of $295 [2]. - Canaccord Genuity analysts have muted expectations regarding the Robotaxi's near-term availability, setting a price target of $254 [2]. - Bernstein analysts highlight regulatory hurdles as a significant risk, suggesting that Tesla may struggle to grow units this year [2]. Group 3: Technical Analysis - A stock analyst noted a bullish inverse head-and-shoulders pattern in Tesla's weekly chart, indicating potential upside momentum [3]. - Increased institutional buying supports the recent breakout, with the Relative Strength Index (RSI) signaling a bullish trend [3]. - TrendSpider's analysis suggests a potential breakout could drive Tesla's stock price toward the $300–$400 range, following a prolonged consolidation phase [4]. Group 4: Market Response - The ultimate impact of the Robotaxi event on Tesla's stock will depend on market reception and the company's execution of its autonomous ride-sharing vision [4].

Core Insights - Companies are preparing to announce Q3 2024 earnings reports, with a focus on AI-driven stocks that have shown strong market performance [1] - Palantir and Advanced Micro Devices (AMD) are highlighted as two AI stocks to consider for investment amid the earnings reports [1] Palantir (NYSE: PLTR) - Palantir has had a strong year, with its stock trading at a high of $40 [2] - The company is recognized for its leadership in AI-driven analytics and has secured a $99.2 million deal with the U.S. Army for machine learning support in Q3 [3] - Palantir expects Q3 revenue between $697 million and $701 million, surpassing analysts' estimate of $679.1 million, while aiming to reduce reliance on government contracts, which constituted 54% of Q2 sales [3] - Concerns exist regarding the stock's valuation, with analysts warning that it may be overpriced at $40 per share [4] - Bank of America analysts maintain a bullish outlook with a price target of $50, supported by Palantir's recent addition to the S&P 500 index [5] Advanced Micro Devices (NASDAQ: AMD) - AMD is noted for its expansion in AI chip production, particularly with the MI300 series accelerators designed for AI workloads, competing with Nvidia [6] - The company estimates Q3 revenue at $6.7 billion, plus or minus $300 million, exceeding analysts' average estimate of $6.61 billion [7] - An upcoming AMD AI event on October 10 is anticipated to showcase next-generation products, potentially boosting stock momentum [7] - Analysts from Bank of America maintain a 'buy' rating with a price target of $180, citing the AI event as a catalyst for stock performance [7] - Technical analysis indicates strong bullish signals for AMD, with the stock recently breaking out of a downward channel [8]

With Nvidia’s (NASDAQ: NVDA) stock rallying massively in 2024, the trajectory has coincided with a period when the chipmaker’s insiders have been on a selling spree, offloading the highest number of shares in history.Particularly, the insiders have sold over $1.8 billion worth of stock, or almost 11 million shares, in 2024, marking the highest level since 2020, data compiled by The Washington Service indicates.Nvidia insider stock sales by year. Source: The Washington Service Despite the record sales, specu ...

NVDA stock YTD price chart. Source: Finbold While Nvidia's (NASDAQ: NVDA) main appeal in recent years has been the company's stellar growth on the business and the stock market side, holders of NVDA shares had more to celebrate on October 3. To be precise, the semiconductor giant paid out its quarterly dividend on Thursday to the tune of $0.010 per share. This means that an investor who purchased $1,000 worth of Nvidia stock at the start of 2024 would have received approximately $0.20 on October 3 – just un ...