Broadcom’s (NASDAQ:AVGO) stock is an optimistic buy in line with high AI and networking capabilities. In fiscal Q2 2024, Broadcom had net revenue of $12.5 billion, a 43% year-over-year (YOY) increase. Excluding VMware, Broadcom’s revenue grew by 12%, primarily due to a 280% surge in AI revenue.Next year, Broadcom’s AI and networking revenue may grow 40% year-on-year, with seven of the largest eight AI clusters using Broadcom Ethernet solutions. The company anticipates all mega-scale GPU deployments will be ...

The stock market is taking a breather after a 20% run higher this year. According to Fidelity, that was mostly driven by tech stocks, which are up 25% year-to-date.Dig a little deep, though, and we see the S&P 500 is once again mostly driven up by the same forces that allowed the index to gain 24% last year: the Magnificent Seven stocks.Six of the seven companies are tech stocks, and the definition could be stretched enough to include Tesla (NASDAQ:TSLA). They were responsible for almost all of the index’s ...

The growth and tech-heavy Nasdaq 100 index is in something of a significant correction at the moment.After hitting new all-time highs early in July, the benchmark Invesco QQQ ETF (NASDAQ:QQQ) has already pulled back close to 10% from its recent peak.There are several reasons for this. Several key tech leaders, such as Amazon (NASDAQ:AMZN), posted disappointing earnings results. The momentum has turned to the downside in the all-important semiconductor sector. And investors appear to be worried about recent ...

Investing in biotech stocks is a thrilling ride. These innovative businesses developing breakthrough drugs can generate enormous profits for investors but also destroy significant value if their investigational therapies fail to make it to market.The pandemic focused a lot of attention on the sector. The SDPR S&P Biotech ETF (NYSEARCA:XBI) soared 49% in 2020, outpacing the S&P 500 and the Nasdaq 100. But the exchange-traded fund has faced a more difficult road since. The ETF is down 30% as investor attentio ...

Semiconductor giant Nvidia (NASDAQ:NVDA) saw its equity value slip about 4% on Friday amid a broader market selloff. Heaping on the pressure is global hedge fund Elliott Management, which is warning investors that the tech firm appears to be in “bubble land.” Primarily, Nvidia stock may suffer due to an inability to efficiently extract productivity returns from artificial intelligence (AI).According to Investing, the hedge fund told investors — in a letter that the Financial Times reviewed — that “overhyped ...

Nvidia (NASDAQ:NVDA) stock is down more than 3% today after the U.S. officially launched an investigation into the company following complaints from competitors that it abused its position within the artificial intelligence (AI) chip market, of which it currently controls about 80%.The U.S. Department of Justice (DOJ) is also investigating accusations that Nvidia charges its customers a steeper price for networking equipment if they plan on purchasing semiconductors from rival chipmakers Advanced Micro Devi ...

There is no debating that stock market valuations are sky high right now. While the Federal Reserve hinted at rate cuts in September at its latest Federal Open Market Committee (FOMC) meeting, that doesn’t mean that stocks are setting up for new highs. Investors searching for safe stocks for a bear market should start their preparation now.As we get closer to the end of 2024, there are serious risks in the economy that the stock market is simply ignoring. Rising geopolitical tensions in the Middle East, tig ...

One of the goals of investing should be to put your portfolio on autopilot. Fill it with quality companies and then set it and forget it. The benefit of the strategy is it removes the temptation to trade in and out of stocks.JPMorgan Asset Management found that over the 20-year period between January 2003 and December 2022, if an investor put $10,000 into the S&P 500 and then left it alone for two decades, he would have almost $65,000 at the end.If that same investor tried to time his entry and exit points ...

Core Viewpoint - 23andMe's co-founder, Anne Wojcicki, has proposed a $200 million deal to take the company private by offering 40 cents per share for ME stock, which aligns with its recent trading value [1][3]. Group 1 - The special committee of 23andMe is currently reviewing the offer and has engaged Wells Fargo for financial advice and Dechert LLP for legal counsel, emphasizing its commitment to act in the best interest of shareholders [2]. - The company's stock has been trading below $1 for nearly a year, putting it at risk of delisting from the Nasdaq Exchange, and going private could mitigate this risk [3]. - As of Friday morning, ME stock has increased by 1.1% but has seen a significant decline of 57.4% year-to-date [4].

It’s been a good last 12 months for Amazon (NASDAQ:AMZN) stock. During this period, the tech and e-commerce stock has surged by 40%. While it’s prudent to buy on corrections, Amazon stock will continue to be a wealth creator in the coming years.This column discusses the reasons to be bullish on Amazon. The central idea of the discussion is the point that Amazon has multiple business growth triggers. Further, all segments are delivering robust numbers and Amazon stock looks attractively valued even at a forw ...