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Has the Nvidia stock train run out of steam?
Finbold· 2024-10-31 10:41
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 ...
AI predicts Micron (MU) stock price for year-end
Finbold· 2024-10-30 18:55
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 ...
Tesla stock price prediction if Donald Trump wins Presidency
Finbold· 2024-10-30 14:22
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 ...
Why is AMD stock price crashing?
Finbold· 2024-10-30 14:05
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 ...
What will Nvidia stock price be in 2030?
Finbold· 2024-10-30 12:16
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 ...
Why this is the best week to buy Nvidia (NVDA) stock
Finbold· 2024-10-30 12:04
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 ...
ChatGPT picks two 2024 stock splits to buy now before skyrocketing
Finbold· 2024-10-29 17:08
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 ...
This AI ETF holds 19% of its portfolio in Nvidia, Google, and Microsoft
Finbold· 2024-10-29 14:52
Core Viewpoint - The Roundhill Generative AI & Technology ETF (CHAT) offers a balanced investment approach in the rapidly growing AI sector, providing exposure to both high-profile and lesser-known stocks, while outperforming the S&P 500 in 2024 [2][5]. Group 1: ETF Overview - CHAT began trading on May 18, 2023, and consists of 49 stocks, with major holdings in Nvidia (8.32%), Alphabet (5.31%), and Microsoft (5.21%) [2][3]. - The ETF has a gross expense ratio of 0.75%, which is considered reasonable given its performance and industry standards [4]. - As of the time of publication, CHAT has achieved a year-to-date return of 28.72%, compared to the S&P 500's 22.53% [5][7]. Group 2: Portfolio Composition - The ETF includes a mix of high-profile AI stocks and lesser-known equities, providing a diversified approach within the AI sector [2][7]. - In addition to U.S. stocks, CHAT also offers exposure to Chinese, Taiwanese, and Japanese AI equities, as well as energy stocks like Constellation Energy Corp. and NRG Energy [7]. Group 3: Investment Strategy - CHAT serves as a middle-ground investment option, avoiding the pitfalls of traditional tech ETFs that may include underperforming companies [1]. - While it allows for sector-specific diversification, it should be considered as part of a broader investment strategy due to its concentrated nature [7].
Analysts revise AMD stock price target ahead of earnings
Finbold· 2024-10-29 14:11
A significant driver of the ongoing two-year bull run is the potential of AI to revolutionize entire industries. While Nvidia (NASDAQ: NVDA) is the biggest beneficiary of this fact thus far — having seen impressive gains of 190.49% year-to-date (YTD), such a rapid rise has led to widespread concerns about the company's valuation. In contrast, NVDA's only real, direct competitor in terms of chipmaking, Advanced Micro Devices (NASDAQ: AMD) has seen comparatively modest gains of 16.09% in the same period. Finb ...
Jim Cramer recommends buying this stock due to ‘a very nice price'
Finbold· 2024-10-29 14:07
Noted for his strange – and often worse – stock picks, Jim Cramer has yet again doubled down on his arguably most controversial recommendation of 2024. BA stock YTD price chart with the Tuesday pre-market drop. Source: Google In a tweet published in the early hours of October 29, the former hedge fund manager and energetic host of Mad Money endorsed investing in the collapsing aeronautics giant Boeing (NYSE: BA). Specifically, Cramer described BA shares being priced at $143 as better than he expected and at ...