Not all Magnificent Seven stocks have been pulling their fair share of the weight this year. Undoubtedly, the artificial intelligence (AI) boom may still be in its early stages. And while each one of the Magnificent members seems well-positioned to capture the market opportunity, none are better equipped than Nvidia (NASDAQ:NVDA). The GPU maker has been cashing in on the early days of the AI boom. At this pace, it’s hard to envision the other six members of the Magnificent Seven coming close to the type of ...

Broad markets are breaking out to new highs, and so are the leading Artificial Intelligence stocks. Although some investors may think of the providers of AI software like Microsoft (MSFT)  or Alphabet (GOOGL) , the real winners of this new trend are the semiconductor producers.Owning chipmakers means owning the infrastructure for this burgeoning industry – it’s called a pick and shovels approach and involves investing in the underlying technology rather than the end product.When following a new secular mega ...

Last year was something of a coming-out party for artificial intelligence (AI), as Wall Street and Main Street alike were introduced to the capabilities of AI's next-generation algorithms. It didn't take investors long to realize that a number of the stock market's best-performing stocks had something in common -- they had AI in their DNA.Bank of America analyst Michael Hartnett coined the term "Magnificent Seven," from the 1960 film of the same name, to describe this group of high-growth stocks, listed in ...

Opportunities abound in the current market. With the rally stretching into its second year, the share prices of many stocks are flying high. Multiple catalysts are driving equities upwards. These include strong corporate earnings, anticipation of lower interest rates, a huge rally in cryptocurrencies, and some big initial public offerings that have occurred since last fall or are coming around the corner this year. It all adds up to a market that is at record highs and individual stocks that are steadily cl ...

Michael M. Santiago Arm Holdings plc (NASDAQ:ARM) has been on a tear this year, with its recent release of impressive F3Q24 earnings corroborating participation in emerging AI opportunities. But its eye-watering year-to-date upsurge of as much as 116% has been stopped short by a steepening pullback this week. Much of the stock’s latest declines appear congruent with market’s AI darling Nvidia’s (NVDA) steep selloff on Friday. There are also additional downside risk implications pertaining to the expiry ...

Shares of computer chip designer Arm Holdings (NASDAQ:ARM) are expected to sell off as the lock-up period expires. The lock-up period restricted sales by company insiders at the time of the initial public offering last year and ran for 180 days.Early Tuesday trading, however, belied that notion. Shares are up just over 1% to $127.70. The market capitalization has risen to $131 billion on 2023 sales of about $3 billion. ARMing for AIThe generative artificial intelligence boom is behind the strength of ARM st ...

Shares of Arm Holdings (ARM -2.59%) were among several AI stocks that were pulling back as momentum in the high-flying sector fades following a blistering rally so far this year. Arm also faces a key test tomorrow as its post-IPO lockup period will expire, meaning that insiders will be able to sell Arm shares that had previously been off-limits.As of 11:25 a.m. ET, the stock was down 2.7%. Arm investors prepare for a big moveConcerns about a potential bubble in AI stocks are beginning to sweep the market, a ...

The semiconductor industry has seen significant expansion following the rise of artificial intelligence, setting the tone for its trajectory in the coming years. This growth has created opportunities for new players to enter the market, such as Arms Holdings (NASDAQ: ARM), whose value has surged by 116% since its IPO.Arm Holding’s recent earnings report exceeded expectations, with projected revenue for the March quarter between $850 million and $900 million, surpassing analysts’ forecasts of $778 million. M ...

Move over, Nvidia. There's a new artificial intelligence (AI) stock making waves across Wall Street.Arm Holdings (ARM -6.65%) has been public for less than six months, but the chip company best known for licensing its low-power processor designs has edged out even Nvidia so far in 2024. Through March 6, Arm stock is up 82% for the year, compared to a 79% gain for Nvidia.Arm shares surged on its earnings report in February after the company beat quarterly estimates and raised its guidance significantly for t ...

Wall Street ended an impressive February, marking the fourth consecutive positive month for all three major stock indexes. Last month, the Dow, the S&P 500 and the Nasdaq Composite – rallied 6.1%, 5.2% and 2.2%, respectively. In fact, the Dow posted its first four-month winning streak since May 2021.U.S. stock markets have maintained their northward journey in 2024 after witnessing an astonishing 2023. Year to date, the Dow, the S&P 500 and the Nasdaq Composite – have advanced 2.3%, 7.1% and 8%, respectivel ...