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Nvidia Stock Is Overdue for a Breather. Buy These 3 Chip Stocks Instead.
Investor Place· 2024-07-22 20:45
Nvidia (NASDAQ:NVDA) got caught up in the volatility of the hailstorm hitting the semiconductor market these past few weeks. And though this double-digit percent plunge off recent highs will probably end up nothing more than a blip in the one-year chart next summer, investors who are overly anxious about buying on weakness may wish to consider some of the alternative growth plays on the market right now.Indeed, considering recent gains, Nvidia has been by far the most magnificent member of the Magnificent S ...
Analyst: Arm Stock Fundamental to Edge AI's Success
Schaeffers Investment Research· 2024-07-19 13:27
Shares of chipmaker Arm Holdings (NASDAQ:ARM) are 2.7% higher in premarket trading, following a bull note at Morgan Stanley. The analyst upgraded ARM to "overweight" from "equal weight" and lifted its price target from $107 to $190 -- a nearly 20% premium to last night's close -- after saying the company's products are instrumental to the successful rollout of edge artificial intelligence (AI).Since going public in September 2023, Arm stock has flourished on the charts. The equity has not only doubled in 20 ...
Surge Copper Commences 2024 Field Program and Closes Top-Up Subscription by ARM
GlobeNewswire News Room· 2024-07-19 11:00
Vancouver, British Columbia, July 19, 2024 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce the commencement of field operations for its 2024 work program at its 100%-owned Berg copper-molybdenum-precious metals project located in central British Columbia. Additionally, the Company announces that African Rainbow Minerals Limited (“ARM”) has exercised in full its rights in respect of the Company’s recently completed private ...
Why ARM Stock Remains a Top Contender in the AI Chip Race
Investor Place· 2024-07-19 10:00
Despite a microchip sector pullback, Arm Holdings (NASDAQ:ARM) stock is one of the best technology stocks investors can own. A buy-the-dip opportunity appears to have opened with Arm stock. ARM stock is taking a hit as investors reallocate capital from tech to value and small-cap securities. The drawdown has nothing to do with Arm Holdings operations or the fundamentals underpinning its share price. Any reversal is likely to be short-lived. Despite the current pullback, Arm stock is still up 166% since the ...
3 Chip-Related Stocks to Buy After Export Restriction Fear Sparks Sell-Off
The Motley Fool· 2024-07-19 09:47
Here's why the recent sell-off could be a golden opportunity to buy these three chip stocks.Semiconductor stocks sold off recently after Bloomberg came out with a report that the U.S. was looking to enact tighter export restrictions to keep China from gaining access to advanced chip technology. The report noted that the restrictions would extend to foreign semiconductor equipment manufacturers that use U.S. technology, such as ASML and Tokyo Electron, as well.Investor worries only intensified as former Pres ...
Should You Buy Arm Stock Before July 31?
The Motley Fool· 2024-07-19 07:47
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Arm Holdings: Surprise Potential For Q1 (Rating Upgrade)
Seeking Alpha· 2024-07-18 03:55
shih-wei Arm Holdings (NASDAQ:ARM) was one of those investment opportunities that I blew big time, just shortly after the company conducted its IPO in the third-quarter of last year. In my initial work on the chip design company in September 2023 I stated that the lack of meaningful top line growth was a reason for me, paired with considerations about valuation, to give Arm a strong sell rating. This obviously did not age well since Arm started to benefit from considerable top line momentum, especially ...
How Arm Holdings Stock Soared 118% in the First Half of 2024 -- and Why July 31 Could Bring Its Next Move Up
The Motley Fool· 2024-07-15 11:52
Shares of the world's leading chip designer are being propelled by the artificial intelligence (AI) revolution.Arm Holdings (ARM 4.61%) stock soared 118% in the first half of 2024. (Shares are up 141% through Friday, July 12.) That showing made the world's leading chip designer the second-best performer among semiconductor stocks with at least small-cap market caps (above $300 million). The top performer in this category was artificial intelligence (AI) chip leader Nvidia, whose shares skyrocketed 150% in t ...
Stocks to Watch: 7 Under-the-Radar Companies Quietly Building Empires
Investor Place· 2024-07-13 12:00
There are many under-the-radar stocks quietly building empires that stock investors should know about. These are the types of relatively unknown firms that create wealth for investors. However, as a result of being unknown, most investors have no idea of their virtues.A few of the names discussed below are somewhat well-known but none are household names in my mind. Each of these firms offers investors a lot to like and by getting in early the same investors can profit handsomely.It’s worth noting that the ...
Why Arm Stock Jumped Today
The Motley Fool· 2024-07-12 22:37
Arm Holdings (ARM 4.61%) stock posted significant gains in Friday's trading. The semiconductor specialist's share price ended the daily session up 4.6%, according to data from S&P Global Market Intelligence.Reports emerged today that Arm is on track to detail its new strategy for the data center market when it reports quarterly earnings later this month. The stock may also be gaining grounds in conjunction with recent comments from another big player in the chip space.Arm could have big data center news lat ...