Nvidia (NASDAQ: NVDA) recently reached a significant milestone by briefly claiming the top spot in global market capitalization, surpassing both Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL). On June 18, 2024, Nvidia’s market cap reached an impressive $3.3 trillion making it the most valuable company., though it has since fluctuated.Despite this achievement, Nvidia’s shares have dropped 6.7% over the past two days, wiping out over $220 billion from its market cap. By Friday, Nvidia’s market cap fell to ...

Seasoned tech investor Paul Wick of Seligman Investments has recently been reducing his holdings in Nvidia (NASDAQ: NVDA), expressing doubts about the company’s future earnings growth. Speaking at a UBS Group event in Singapore, Wick mentioned that his enthusiasm for Nvidia had moderated over the past one to two weeks, though he did not specify the extent of his NVDA stake reduction, as Bloomberg reported on June 21.Legendary investor, who has nearly three decades of experience in technology investment, com ...

On June 20, Piper Sandler analysts have named Advanced Micro Devices (NASDAQ: AMD) stock their top large-cap pick for the second half of 2024. This decision follows positive feedback from discussions with the chipmaker’s management in Europe last week. The investment bank was particularly impressed with AMD’s strategy and competitive positioning, especially concerning the MI300 accelerator series, which is expected to generate over $4 billion this year.Launch of new AI chips is poised to bolster AMD stock g ...

As Nvidia (NASDAQ: NVDA) made the news for climbing to the top of the list of most valuable companies by market capitalization, some small-cap stocks, particularly those between $300 million and $3 billion, are showing potential to become mega-sized and bring their investors massive profits.Indeed, there are quite a few of these currently low-valued, up-and-coming companies that are growing in size and increasing their earnings as their stock prices appreciate alongside, with analysts expecting them to cont ...

Apple (NASDAQ: AAPL) shares surged by 12% following the announcement at WWDC on June 10 of its integration of ChatGPT from OpenAI into Siri, a reversal from the declines it sustained for the biggest part of 2024.This surge propelled AAPL stock to a new all-time high of $216.67 on June 17.AAPL stock 30-day price chart. Source: FinboldInvestors are now digesting the tech giant’s strategic move into generative AI, hoping it will drive future gains for the company.  Skepticism over Apple’s recent keynote speech ...

Nvidia (NASDAQ: NVDA) started the penultimate week of June strong as it climbed to become the world’s biggest company by market capitalization after overtaking both Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL).By the stock market’s closing on Thursday, June 20, the situation changed sharply as, after beginning the day around the record high of $140 per share, NVDA experienced a substantial drop and closed at $130.78.NVDA stock 1-day price chart. Source: FinboldThough far from catastrophic, the extended ...

After going through a bit of a rough patch, the electric vehicle (EV) industry seems to be getting back on its feet, but some of its representatives, particularly the Shanghai-based automaker Nio (NYSE: NIO), are yet to follow with significant increases in their stock prices.Indeed, Nio has been among the weaker performers across the stock market this year, having declined as much as 48.63% in 2024 alone and continuing to fall further in recent weeks and months to a price of $4.33, which is a far cry from i ...

Core Insights - The ongoing AI boom is significantly driven by advanced semiconductors, with Taiwan Semiconductor Manufacturing Company (TSM) being a key player alongside Nvidia [1] - TSM has seen a remarkable 80.43% year-to-date increase in its stock price, reaching $183.34 per share, and is expected to maintain strong performance [1] Stock Performance and Analyst Ratings - TSM has a perfect 'strong buy' score from all 11 analysts on TipRanks, indicating strong market confidence [3] - Barclays set a price target of $170 for TSM on June 5, which has since become outdated as the stock price has risen, indicating a potential 5% downside from the target [3] - The average price target for TSM is currently $170.33, with the highest target reaching $200, reflecting bullish sentiment among analysts [5] - Bank of America maintains a 'buy' rating for TSM, despite a recent price target of $180 becoming bearish due to rapid stock price changes [6] - Susquehanna raised its price target for TSM from $180 to $200, citing strong demand and expected revenue growth of 28% for 2024 [7] - Bernstein also increased its target from $150 to $200, highlighting TSM's full capacity for N3 and N5 technologies and the demand for its CoWoS technology [7]

Stock trading has been weird in 2024 as fear arising from high interest rates, inflation, and other factors seemingly collided with investor greed stemming from the incredible promise of the technology sector to generate an apparent frenzy that led to several blue chips surging more like penny stocks.Indeed, it has, so far, been precisely the larger companies that have been driving much of the rally, with the trend being highlighted as a potential warning sign as far back as February and pointed out on mult ...

As Nvidia (NASDAQ: NVDA) shares continue breaking their price records, a renowned stock market analyst Puru Saxena has provided insights on what many investors are starting to wonder – for how long this impressive climb will persist and when would be the right time to profit on their Nvidia positions.Specifically, Saxena pointed out that Nvidia stock was currently in the late stage two of its cycle, in which it is “going parabolic,” and that upcoming stage three would be the right time to cash out as “trees ...