Market sell-offs and sector rotations can be a good thing for investors with enough cash to scoop up the marked-down market merchandise. Even if the AI trade is out of gas for the summer season or even the rest of the year, long-term investors still have an opportunity to make money from the so-called AI boom, which, I believe, still has legs. Some pundits view AI as having many years to run. And though the end of the AI boom could entail a devastating crash, I just don’t see insanely high valuation multipl ...

Is it better to invest in something that’s already on the front page of the news, or something with front-page potential? If you want to own a piece of a hidden gem, I invite you to consider Archer Aviation (NYSE:ACHR). Then, before it flies into the skies, grab a few shares of Archer Aviation stock.Archer Aviation develops electric vertical takeoff and landing aircraft, also known as flying cars or flying taxis. A few in-the-know people are enthused about eVTOL aircraft, but many more investors are busy ch ...

Alphabet’s (NASDAQ:GOOG, GOOGL) second-quarter performance is robust, with key financial figures indicating a solid momentum in search and cloud. The company’s revenues reached $85 billion, marking a 14% annual increase. This solid performance underscores Alphabet’s leadership in AI infrastructure and its potential for future growth, making Alphabet stock a promising investment.Alphabet’s Q2 2024 results emphasize key growth areas. Search remains a critical revenue driver while cloud attained a new mileston ...

Most people discussing Broadcom (NASDAQ:AVGO) stock focus on artificial intelligence, and rightly so. The premier mobile chipset maker in recent periods turned its attention to data center infrastructure, such as Ethernet switching and routing silicon.Broadcom stock is seeing tremendous growth from AI chip sales. Custom AI accelerators and merchant networking chips led AI chip sales to jump 35% in the second quarter. Broadcom guides AI chips to bring in $11 billion in revenue this year, or 25% of total sale ...

The fifth generation of communication technology, aka 5G, will play a critical role in shaping a fully connected world, putting several 5G stocks in the spotlight.5G is set to take digital connectivity to new heights with greater bandwidths, speedy downloads and larger data capacity. The network will drive new technologies from IoT (Internet of Things) to AR/VR and the metaverse. Its impact will be felt across industries, from semiconductors to real estate. Given the broad use cases, it is no surprise that ...

Apple (NASDAQ:AAPL) stock has been trading in a relatively tight band recently, and today is no different. However, although shares of AAPL stock are little changed overall, it has been up and down throughout the day. This is thanks to a closely-watched iPhone AI preview put forward by the company, which is raising eyebrows.The company released the first version of what it’s calling Apple Intelligence today, in a bid to capitalize on the booming interest around integrating AI into everyday technological pro ...

Industry Overview - The fintech industry is projected to maintain a compounded annual growth rate of 16.5% from now until 2032, indicating strong growth potential for investors [1] Company Summaries Nu Holdings (NU) - Nu Holdings is a Brazilian digital bank that recently surpassed 100 million customers, with shares up 53% year-to-date and a P/E ratio of 48 [2] - The company reported 69% year-over-year revenue growth in Q1 2024, with net income soaring by 167% year-over-year, resulting in a net profit margin of 13.8% [2] - Wall Street analysts suggest a 17% upside from current levels, with the highest price target indicating a potential 29% gain [2] Robinhood (HOOD) - Robinhood shares are up 71% year-to-date, driven by a 40% year-over-year revenue growth in Q1 [3][4] - Revenue from crypto transactions increased by 232% year-over-year, reaching $126 million, constituting over 20% of total revenue [4] - The company reported a net income of $157 million compared to a net loss of $511 million in the same period last year [4] American Express (AXP) - American Express reported Q2 2024 revenue of $16.3 billion, an 8% year-over-year increase, with net income growing 39% year-over-year to $3.02 billion [5][6] - The stock has increased by 31% year-to-date and offers a 1.14% yield, with a history of double-digit dividend growth [6] SoFi (SOFI) - SoFi reported a 37% year-over-year revenue increase in Q1, with profits of $88 million compared to a net loss of $34.4 million in the same period last year [7][8] - The company has 8.1 million active members, a 44% year-over-year improvement, and analysts suggest a potential 10% to 62% gain from current levels [8] Morningstar (MORN) - Morningstar shares are up 18% year-to-date, with a 57 P/E ratio and a recent 8% year-over-year dividend increase [9] - Q2 revenue increased by 13.3% year-over-year to $571.9 million, with diluted net income per share soaring by 90.5% year-over-year to $1.60 [9] Moody's (MCO) - Moody's shares are up 18% year-to-date, with a 44 P/E ratio and a 0.76% yield [10] - Q2 revenue increased by 22% year-over-year to $1.8 billion, with adjusted diluted EPS rising by 43% year-over-year to $3.28 [10][11] Visa (V) - Visa reported 10% year-over-year revenue growth in Q3 2024, with net income jumping 17% year-over-year to $4.9 million [12] - The stock is rated as a Strong Buy, with an average price target suggesting a 22% gain from current levels [12]

Across industries, companies will need to adopt AI for growth and survival. A PricewaterhouseCoopers indicates that by 2030, AI could contribute up to $15.7 trillion to the global economy. Of this, “$6.6 trillion is likely to come from increased productivity and $9.1 trillion is likely to come from consumption-side effects.” There is therefore no denying the big impact of AI across industries.One area that’s likely to witness robust growth is AI in healthcare. Be it early detection of diseases, minimally-in ...

Group 1 - Nio has introduced the world's first five-nanometer chip for automated driving, named Shenji NX9031, which offers high pixel throughputs of 6.25 Gigapixels per second, enhancing image quality in low-light conditions [1] - The company has completed a tape-out for its automated driving semiconductor, which is a crucial step towards mass production if the prototype passes subsequent tests [1] - Nio is set to launch its advanced driver assistance system, Navigate on Pilot Plus (NOP+) 2.0, in the second half of this year, aiming to enhance point-to-point navigation using artificial intelligence [2] Group 2 - Nio is debuting its proprietary operating system, Sky OS, which will centralize control of all vehicle domains and improve user experiences, including facilitating battery-swapping services [2] - Despite these advancements, Nio's stock has seen a decline of about 4% over the past five sessions and approximately 1% over the last month, indicating market skepticism [3] - The Chinese EV market is highly competitive with over 200 manufacturers, leading to concerns about market overcrowding and potential sales cannibalization among companies [3]

Tech stocks have consistently been in the spotlight over the past couple of years, driving the bulk of the market’s bullish rally with remarkable advancements in AI, in particular, fueling innovation and growth. As we move further into Q3, tech stocks are expected to remain highly popular, bolstered by the sector’s robust growth despite the still somewhat shaky macroeconomic environment.For this article, I have picked three tech stocks that I think investors should watch closely. These companies are growing ...