Although recent concerns over American technology export restrictions have caused chip-making stocks like Nvidia (NASDAQ: NVDA) to decline in price, machine learning and artificial intelligence (AI) models predict it might yet recover as the month of July draws towards its conclusion.Indeed, Nvidia stock has had mixed success in recent weeks, still benefitting from the AI craze that has pushed its price toward a new all-time high (ATH) but suffering from the current political climate that seems averse towar ...

As second-quarter earnings approach, technology investors are on edge, with a particular focus on the big tech giant Amazon (NASDAQ: AMZN). Scheduled to report its financial results on August 1, 2024, Amazon has seen its stock price targets revised upwards by several analysts, reflecting optimism about its growth prospects and operational efficiency.Currently, Amazon’s stock is priced at $188.31, showing a 24-hour gain of over 3% and a 6-month gain of over 20%. This impressive performance highlights investo ...

Core Viewpoint - The recent pullback in the tech sector has significantly impacted Qualcomm (QCOM) stock, which has shown signs of recovery following a positive trading session and analyst upgrades predicting substantial upside potential [1][2][5]. Group 1: Stock Performance - QCOM stock fell below the $200 threshold, experiencing a 2.92% decline last month and extending losses to 7.15% over five days due to intensified sell-offs [1]. - A recent trading session saw QCOM recover with a gain of 4.70%, bringing the stock price to $194.97, with pre-market gains of 1.05% further aiding recovery [1]. Group 2: Analyst Insights - Baird analysts upgraded Qualcomm's stock price target from $200 to $250, citing positive initial channel feedback and predicting a potential 30% upside from current levels [2]. - Tigress Financial Partners analyst Ivan Feinseth raised the 12-month target price for Qualcomm to $270, reflecting the company's advantages in AI capabilities and communication technologies [5]. Group 3: Market Demand and Product Development - The procurement estimate for the iPhone 16 has increased to over 90 million units, driven by AI, which is expected to contribute to double-digit increases in average selling prices (ASPs) for Qualcomm's handsets [2]. - Qualcomm is anticipated to benefit from AI integration in high-end Chinese phones and the next-gen Galaxy platform, with rising ASPs and RF component content expected [3]. Group 4: Business Growth and Financial Health - Qualcomm's business is expanding rapidly, driven by revenue from Snapdragon-powered devices, record automotive sales, and opportunities for on-device AI integration [6]. - The company reported a 6.25% dividend increase to $0.85 per share and $1.6 billion in shareholder returns last quarter, including $731 million in stock repurchases, indicating strong financial health [6].

Although news of its new flagship artificial intelligence (AI) chip for the Chinese market has tilted the price of Nvidia (NASDAQ: NVDA) stock to close the previous day on a slightly positive note, the technology behemoth’s shares have been in a decline for the majority of the past week and in pre-market.As it happens, Nvidia stock price at press time stood at $123.54, reflecting an increase of 4.76% on the day, a decline of 3.78% across the week, and a further drop of 0.057% in pre-market, according to the ...

Ahead of the Tesla (NASDAQ: TSLA) earnings report scheduled for July 23, for the second quarter, much of the attention is focused on how the stock might react.Indeed, TSLA has witnessed significant gains in recent weeks, successfully sustaining levels above the $200 support zone. By the close of the market on July 22, TSLA was trading at $251, with 24-hour gains of over 5%.Tesla one-day stock price chart. Source: Finbold In the meantime, analysts project Tesla’s EPS to be $0.61, down from $0.91 last year, w ...

Though the growth rate of the cloud infrastructure sector is well below its Covid-driven peaks, the industry has not only become a veritable behemoth but is also once again picking up pace due to the artificial intelligence (AI) boom.Throughout the massive growth period, there has also been a relative equilibrium among the market leaders, with Amazon (NASDAQ: AMZN) – through its Amazon Web Service (AWS) – remaining the biggest player in the industry. Finbold data retrieved on July 23, however, found that Mi ...

Stock Performance - Tesla's stock has gained 37.75% over the past 30 days, with a recent 5.15% increase in the latest trading session, setting the price at $251.51 [1] - The stock is trading above its trend line, forming a bullish Dragon Pattern, which suggests a potential bullish reversal from the recent downtrend [2] Technical Analysis - The Dragon Pattern is a technical analysis tool indicating reversal price models and predicting future market trends, comprising five elements: a head, two feet, a hump, and a tail [3] - The pattern can signal both bullish and bearish trends, with trading rules involving drawing a trend line from the head to the hump's peak to enter the market when the price crosses this line [4] - Key indicators include the convergence of the 50 EMA (blue) and 200 EMA (red), which is a common precursor to significant price movements [2] - A breakout above the resistance level of $266.52, confirmed with increased trading volume, would validate the Dragon Pattern, indicating a potential upward trend continuation [2] Future Projections - The potential upward movement could aim for levels above $300, with stop-losses recommended below recent lows around $220 to mitigate risk [2] Company Developments - Tesla's CEO Elon Musk announced plans to produce humanoid robots for internal use by 2025, with potential external sales by the end of 2025 [5] - The humanoid robot, Optimus, is currently performing simple factory tasks in the lab and is expected to be in Tesla's factories by the end of 2024 [5]

In what can be considered a surprise move, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) has significantly reduced its stake in a stock it has rarely touched in recent years.According to regulatory filings, the conglomerate sold 33.9 million shares of Bank of America (NYSE: BAC) over three days for nearly $1.5 billion at an average price of $43.56 per share. Berkshire Hathaway SEC filing for BAC stock sale. Source: SECDespite this substantial sale, Bank of America remains Berkshire Hathaway’s second-lar ...

Earnings season is heating up, with electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) among those set to announce its performance for the second quarter.Notably, results scheduled for June 23 will provide updates on electric vehicle demand and offer insights into the sector’s recovery after an early-year slowdown.In anticipation, Tesla’s stock has been one of the top performers recently, with monthly gains exceeding 30%. TSLA shares have successfully breached the $200 resistance zone and are targeting ...

The recent pullback in the tech sector hasn’t left Alphabet (NASDAQ: GOOGL) stock unaffected, as it retraced by 0.87% in the previous month, and 4.03% in the previous five trading sessions.On the daily chart, the losses of 0.02% are effectively mitigated by the pre-market gains of 1.39%, setting the GOOGL stock price at $180.13, at the time of publication.GOOGL stock 24-hour price chart. Source: Google Finance And with second-quarter earnings scheduled for release on July 23 after the markets close, GOOGL s ...