The ongoing earnings season has been filled with surprises in both directions. Some notable examples are Advanced Micro Devices (NASDAQ: AMD), which severely disappointed investors, and Garmin (NYSE: GRMN), which proved a surprise blockbuster.Eli Lilly (NYSE: LLY), one of the U.S.’ foremost pharmaceutical giants, fell on the weaker side of the spectrum on October 30 when it revealed its earnings per share (EPS) came in at $1.18 – significantly below the $1.47 expected – and revenue was about $1 billion belo ...

Meta Platforms (NASDAQ: META), the parent company of Facebook and Instagram, is reaping the rewards of incorporating artificial intelligence into its products, as reflected in its Q3 results.The impact of AI guided a Citi (NYSE: C) analyst to raise the company’s share price target in an investor note on October 31.In particular, Ronald Josey revised META’s stock price target to $705, up from $645, maintaining a ‘Buy’ rating. This increase was driven by Meta’s robust advertising revenue, which surged 20% yea ...

The semiconductor giant Nvidia (NASDAQ: NVDA) has managed an uncommon rally for a stock already regarded as a blue chip in the last two years, increasing its valuation from $364 billion at the end of 2022 to $3.417 trillion at press time on October 31, 2024.The company’s performance in 2024 – although overall impressive, as it saw a 185.11% year-to-date (YTD) rise to $137.33 – has given rise to concerns about how much room for growth the chipmaker actually has.NVDA stock YTD price chart. Source: FinboldSpec ...

Micron Technology Inc. (NASDAQ: MU), a key player in the semiconductor memory and storage industry, has experienced a turbulent 2024 marked by both highs and pullbacks. Despite the broader outperformance of major semiconductor stocks this year, Micron has notably lagged behind its peers. Currently valued at $116 billion, the stock is down 33% from its record high of $157 set in June. HOME > MU · NASDAQ Micron Technology Inc Micron one-month stock price. Source: Google Finance Following a sharp downtrend in ...

Having initially positioned himself as an ally of the American car industry but an opponent of the electric vehicle (EV) sector, Donald Trump quickly caused significant speculation on what his reelection would mean for the biggest player in the field, Tesla Motors (NASDAQ: TSLA).More recently, a political alliance between the long-time Democrat, Elon Musk, and the Republican candidate has reignited the debate and moved it more on the bullish side as Trump softened his stance on EVs after receiving tens of m ...

On October 29, Advanced Micro Devices (NASDAQ: AMD) held its Q3 2024 earnings call. Earnings per share (EPS) came in exactly on par with consensus estimates, at $0.92, for a pretty compelling 38% increase year-over-year (YoY).Results in terms of revenue were not bad either at $6.82 billion, compared to analysts expectations of $6.71 billion — a 17% YoY increase.Good news, then — right? Wrong — at the time of publication, AMD stock price has dropped from a previous-day peak of $166 down to $156.25, marking a ...

As a notable frontrunner in the semiconductor industry, Nvidia (NASDAQ: NVDA) has managed to deliver outsized returns — owing chiefly to the company’s key position in the ongoing AI boom.On a year-to-date (YTD) basis, NVDA stock is the second-best performer — currently only surpassed by Vistra Corp (NYSE: VST), an energy company that has rallied by 234.46% since January. In the same timeframe, NVDA shares have seen a 191.66% price increase — at press time, the stock is trading at $140.49. NVDA share price Y ...

With Nvidia's (NASDAQ: NVDA) stock dominating the market in 2024, historical data suggests that the equity is now presenting a compelling buying opportunity for investors seeking to capitalize on the artificial intelligence (AI) boom. The AI momentum has seen Nvidia rally 193% year-to-date, trading at $141 as of the last trading session. In the past week, the equity has shown some volatility, plunging by 0.5%, but NVDA continues to trade within the range of its alltime high. As of pre-market trading on Octo ...

2024 has witnessed notable stock splits, with one of the standout names being semiconductor giant Nvidia (NASDAQ: NVDA). Now, an artificial intelligence (AI) tool has offered insights into which equities that underwent a split might present an immediate investment opportunity. Stock splits make shares more affordable for retail investors, especially those who can't afford high-priced equities. Therefore, the increased accessibility to such stocks tends to drive higher demand, possibly boosting the stock's l ...

Consistently managing to pick out the winners and losers in an industry is a tall order — especially if the industry is young and growing rapidly. Artificial intelligence certainly fits the bill — but as the dot com bubble has shown, even getting in early on companies that are providing great capital appreciation at the moment isn’t a guarantee that your investments will pay off in the long term.Investors are at an impasse — traditional, broad tech exchange-traded funds (ETFs) are usually too bogged down wi ...