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5 best autonomous driving stocks to buy right now
Finbold· 2024-02-14 10:11
With the hype surrounding artificial intelligence (AI) still very much alive, it is no surprise that companies across sectors are trying to implement this technology and its related advances into their products and services, including some of the least expected yet very well-known names in their respective industries.As it happens, the automobile and semiconductor industries, in particular, have taken note of the trend, and it has given rise to the rapid evolution of autonomous driving systems that rely hea ...
AI year-end prediction for AMD stock
Finbold· 2024-02-13 15:27
In 2022, tech stocks faced difficulties amidst challenging macroeconomic conditions. However, a year later, the surge in artificial intelligence (AI) initiatives ignited significant momentum, propelling numerous sector components to unprecedented levels. And this is where Advanced Micro Devices (NASDAQ: AMD) comes into play.2023 was a year of rebirth, but 2024 brought new highs that posed a question: where can this stock end up?With the aim of expansion comes the question of how much, and by utilizing AI pr ...
This Warren Buffett stock just posted exceptional results
Finbold· 2024-02-13 15:20
After reporting its fourth-quarter earnings that have beaten analysts’ estimates and posting high expectations for the next year, one of the largest stock assets held by Warren Buffett is looking at massive price increases and profits for the famous investor and Berkshire Hathaway (NYSE: BRK.A) CEO.Specifically, the stocks of Coca-Cola (NYSE: KO) might be looking at recovery in their price following a positive earnings report for the final quarter of 2023, which included higher-than-expected revenue of $10. ...
Recession incoming: Over 100,000 layoffs announced in 2024
Finbold· 2024-02-13 14:41
An economic recession could finally be brewing worldwide, as suggested by over 100,000 layoffs in 2024. January’s year-over-year (YoY) inflation rate exceeded expectations at 3.1%, as reported on February 13, worsening the scenario.Interestingly, the data on layoffs diverges from a seemingly strong labor market, according to data from the United States government. Meanwhile, the YoY Consumer Price Index (CPI) leaves investors skeptical about a possible improvement in the near future.On February 2, the Nonfa ...
This stock surged by 370% in a day because of Nvidia
Finbold· 2024-02-13 13:30
The recent artificial intelligence-driven boom has brought unprecedented gains to semiconductor industry stocks and subsidiaries. However, the story of Beamr Imaging (NASDAQ: BMR) stock might be the most interesting yet.Beamr Imaging specializes in delivering video encoding, transcoding, and optimization technology solutions. The company’s clientele comprises leading video streaming platforms and Hollywood studios, and as of recently, Nvidia (NASDAQ: NVDA) has also taken place on this list.Beamr initiated i ...
Wall Street sets Meta stock price for the next 12 months
Finbold· 2024-02-13 10:41
Following a successful year for Meta Platforms (NASDAQ: META), during which its stock managed to grow by over 170%, culminating with a recent 15% rally on February 2, analysts continue to be firmly optimistic about the share price of the social media giant for the next 12 months.Indeed, the stock of the social media company that manages other related subsidiaries has recorded steady growth during the majority of 2023, making a more decisive move to its all-time high (ATH) in February after it reported block ...
AI year-end prediction for Nvidia stock
Finbold· 2024-02-13 10:32
Looking at the price charts for Nvidia (NASDAQ: NVDA) for the last trading day – Monday, February 12 – and for the entire 2024 so far can, and certainly has for many investors, triggered a gut feeling that the surge cannot continue – not without a break at least.Since the year began, the semiconductor giant’s shares have been steadily rising, with hardly any insecurity creating almost a straight line between January 1 and February 13. The daily chart for the last full trading session, on the other hand, tel ...
Top 3 undervalued semiconductor stocks
Finbold· 2024-02-12 16:14
As the stock market experienced a streak of gains that extended this year, the AI industry seems to do all the heavy lifting, which has caused semiconductor stocks to skyrocket in value, with a popular example of Nvidia (NASDAQ: NVDA).However, with all the gains currently adding up, it might seem that the train has departed, and investors have missed the opportunity for gains.This might not necessarily be true, as Finbold has analyzed the semiconductor industry and its subsidiaries to track down stocks stil ...
Wall Street sets ASML stock price for next 12 months
Finbold· 2024-02-12 10:14
While it may not be a name as recognizable as Nvidia (NASDAQ: NVDA) or Advanced Micro Devices (NASDAQ: AMD), ASML Holdings (NASDAQ: ASML) is, nonetheless, a crucial player in the semiconductor industry and a key enabler of the ongoing artificial intelligence (AI) boom.In recent years, the Dutch company emerged not only as the main supplier for chipmakers worldwide but also as the only supplier of extreme ultraviolet lithography (EUV) photolithography machines – contraptions necessary to produce the highest- ...
AI year-end prediction for Tesla share price
Finbold· 2024-02-11 12:03
The stock price of electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) has suffered a downturn recently, coinciding with a period in which the company fell short of Wall Street estimates for quarterly profit and revenue.This sell-off has also emerged amid the controversy surrounding CEO Elon Musk and his relationship with the EV maker’s board. Notably, reports surfaced alleging that Musk and the Tesla Board were involved in taking illegal drugs together.Following these reports, Wall Street has raised co ...