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Exit Now! 7 Nasdaq Stocks to Sell in February 2024.
InvestorPlace· 2024-02-14 18:00
The Nasdaq continues to lead the three major stock indices and is currently near its all-time high. In fact, year-to-date, the Nasdaq is up 5%. That compares with a 4% gain in the benchmark S&P 500 index and a 1% increase in the blue-chip Dow Jones Industrial Average. Still, as well as the Nasdaq is doing, not every stock trading on the index is winning, creating a list of top Nasdaq stocks to sell now. The Nasdaq continues to benefit from the fact that it has a large concentration of technology companies l ...
The 3 Best AI Stocks to Buy in February 2024
InvestorPlace· 2024-02-14 16:13
Despite the significant progress made in artificial intelligence (AI) over the past decade, we are still on the cusp of a profound transformation. AI integration will occur across all sectors of society and industry. This article discusses the best AI stocks to buy for this revolution.As data generation grows, AI’s applications and capabilities are expanding. Today, data is growing exponentially and organizations need ways to extract value from this data. This data deluge can be overwhelming with the prolif ...
A Low-Risk Way to Bet on Arm Holdings and AI as the Stock Skyrockets
The Motley Fool· 2024-02-14 14:40
Arm Holdings (ARM -19.46%) is a fantastic business. The company develops the Arm architecture, which clients license in various ways to develop their own chips. Some clients license Arm's CPU cores, while others license the architecture itself to develop highly customized processors. Apple, for example, licenses the Arm architecture for the custom chips that power its iPhones, iPads, Macs, and other devices.Arm collects licensing fees as well as royalty fees based on the number of devices shipped with Arm t ...
Volatility Ahead: 5 Signs
Zacks Investment Research· 2024-02-14 14:26
A hotter-than-expected CPI number sent stocks careening lower for their worst losses in weeks Tuesday. The annual core CPI inflation rate of 3.9% came in unexpectedly high. Why does stubborn inflation matter for U.S. equities? U.S. Federal Reserve Chairman Jerome Powell and the Federal Reserve committee will likely keep interest rates “higher for longer” to tamp down stubborn inflation. According to the latest data from the CME FedWatch tool, a March cut (once nearly a lock) is out of the cards, and a May i ...
Arm stock just doubled, here are the next candidates
MarketBeat· 2024-02-14 12:19
Key PointsArm stock doubled in true NVIDIA fashion to deliver the momentum that comes with being associated with A.I.You should read this list if you are looking for the following candidates who could also double on this sentiment.The odds are better on this stock; analysts and markets agree, do you?5 stocks we like better than ARMToday’s market is led by one of the most confusing dynamics seen in the latest cycle; markets are hitting all-time highs while most stocks seem to be struggling to reach even thei ...
Arm's stock suffers its worst day on record as AI euphoria cools
Market Watch· 2024-02-13 22:28
Arm Holdings PLC’s blockbuster stock rally cooled Tuesday, as shares logged their worst daily performance on record. The stock ARM, -19.46% closed down more than 19% in Tuesday trading, which made for its largest single-day percentage loss in the five months since the company went public again. Arm shares previously had yet to record a single-session double-digit percentage decline. See also: Arm’s Thursday stock surge burns short sellers, to the tune of $445 million in paper losses Arm’s stock nearly doubl ...
Arm stock has doubled since its debut – a green light for tech IPOs?
Invezz· 2024-02-13 18:44
Arm Holdings PLC (NASDAQ: ARM) sure has found huge success ever since its debut in September of 2023 – but it may not be an all-clear signal for tech IPOs, says Avery Marquez of Renaissance Capital.Marquez shares her view on the IPO marketCopy link to sectionShares of the chip design company has nearly doubled in recent days after reporting a solid quarter. $ARM also cited artificial intelligence as it issued a rather impressive guidance for the future last week. Still, Avery Marquez said in a recent interv ...
Wall Street sets ARM stock price for the next 12 months
Finbold· 2024-02-13 11:06
It is hard to imagine a chipmaker stock that is currently performing better than Nvidia (NASDAQ: NVDA), but Arm Holdings (NASDAQ: ARM) is up by more than 116% since 2024 started, which is double when compared to NVDA’s gain of almost 50%.The AI boom has spearheaded most of the stocks in the semiconductor industry, with profits and guidance reported by ARM seemingly driving its gains a week after their quarterly earnings reports were released.Investors liked what they saw, with ARM gaining 93.44% since the q ...
British chipmaker Arm adds another 30%
Proactive Investors· 2024-02-13 08:18
British fabless semiconductor chipmaker Arm Holdings PLC (NASDAQ:ARM) scored a more than 29% gain to $148.97 on the US markets yesterday, meaning it’s doubled in value since the start of the year. It’s a stellar performance for the company and a vindication of the group’s decision to list in the US instead of on home territory. Arm, which makes CPUs for basically every mobile phone on the planet, touted its expertise in artificial intelligence applications in last week’s record quarterly trading update. Tot ...
Arm's frenzied stock rally continues as AI chase trumps valuation
Market Watch· 2024-02-13 01:12
Shares of Nvidia Corp. NVDA, +0.16% are up 240% over the past year and shares of Super Micro Computer Inc. SMCI, +4.42% are ahead 760%. With moves like that, investors seem eager to get in on whatever could be the next blowout play on the artificial-intelligence trend. And judging by the explosive moves in Arm Holdings PLC’s stock ARM, +29.30% over recent days, Wall Street may have pegged the chip designer as that next big winner. The stock gained 29% in Monday’s session and has nearly doubled since the ...