Shares of the "Magnificent Seven" stock are up 23-fold in the last five years.Just five years ago, Nvidia's (NVDA -1.99%) share price was less than $50. But since then, the leading maker of graphics processing units (GPUs) has found new markets for its chip technology, namely around artificial intelligence (AI), fueling incredible growth for the business. This AI hype has led investors to bid up Nvidia's share price to about $925 to account for the company's surging revenue and growth prospects.Ultimately, ...

Data center services are on the rise as generative AI continues to fuel the broader technology sector.Artificial intelligence (AI) is the biggest tailwind in the technology sector right now. Generative AI has myriad applications, and mega-cap-tech behemoths are leading innovation efforts across the industry.One of the subtle growth opportunities in AI is data centers. In fact, Statista estimates that network infrastructure, storage, and server solutions will be a $439 billion opportunity by 2028.Indeed, Nvi ...

Where the stock heads likely depends on the level of home remodeling activity.Home Depot (HD 0.43%) saw its same-store sales (or comps) fall once again, as the home improvement retailer deals with a difficult home remodeling market and a more cautious consumer. It was the sixth straight quarter in which the company saw its comparable-store sales fall.Comps are a good indication of the strength of a retailer's business because they show how its individual stores are performing versus one year ago. Despite th ...

Two similar businesses have different AI implications.Technology giants Alphabet (GOOGL 1.08%) (GOOG 1.06%) and Meta Platforms (META -0.28%) are pretty similar at their core. Both companies dominate their respective fields by offering superior products for free. Both companies make tons of money by selling advertising that users see as they browse the two companies' platforms.For Alphabet, the primary revenue drivers are Google Search and YouTube. For Meta, it's social media apps like Facebook, Instagram, a ...

Tepper is still heavily invested in the AI revolution, but is expanding his portfolio to other shores.Investors could do worse than investing in the so-called "Magnificent Seven" stocks. The collective gained 111%, on average, in 2023, thrashing the 24% gains of the S&P 500. The group has continued its winning ways, rising 22% on average so far this year, nearly double the 11% increase of the S&P 500 (as of this writing).The common thread that unites these tech bellwethers is that they each have artificial ...

The industrial company's payout ratio suggests it can grow the dividend aggressively, but investors should think twice.It's been a while, but 3M (MMM 0.38%) finally and formally cut its dividend recently, approving a dividend of $0.70 for the second quarter, down from the previous quarterly payment of $1.51. Annualizing the dividend means $2.80 per share for the full year, implying a dividend yield of 2.8% using Wednesday's closing price.3M's dividend cutIt was no secret that 3M would cut its dividend since ...

AMD was dealt a reality check after the last earnings update.Shares of Advanced Micro Devices (AMD 1.14%) have pulled a stunning round trip so far in 2024. Following management's increasingly upbeat commentary on sales related to artificial intelligence (AI) early in the year, the stock soared higher.But then reality started to settle in after the first-quarter update, and shares are now down about 30% from those peaks, reached early in the spring. If you've been following along, there's always been a clear ...

Does this unique e-commerce platform have a brighter future?While E-commerce has lost some of its luster to newer hype cycles like generative artificial intelligence (AI), it is still one of the most transformational technology megatrends in our lifetime. And Shopify (SHOP 1.25%) offers investors exposure to the small business side of the equation through its storefront creation platform. Let's dig deeper into what the next five years could have in store for the company.A business in recovery mode Like many ...

Shares of this retail giant are currently well off their recent high.Since its initial public offering in 1981, Home Depot (HD 0.43%) has done a fantastic job of growing shareholders' capital. It has helped that the business has paid a dividend for a jaw-dropping 148 straight quarters, a mark of consistent success over many decades.Investors who want to add a dominant blue chip enterprise to their portfolios might be considering Home Depot. But before you buy the retail stock, here are three must-know facts ...

Just because a stock is higher than ever doesn't necessarily mean it's expensive.While it's tough to argue that most of the "Magnificent Seven" stocks would be bad long-term investments, there are two in particular that I'd be eager to buy right now. Amazon.com (AMZN 0.58%) is trading at just 2% below its all-time high, but its profitability is still in the relatively early stages.The other is Alphabet (GOOGL 1.08%) (GOOG 1.06%), the parent company of Google. Alphabet actually just reached a fresh all-time ...