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Buy Momentum Stocks NVIDIA & Vistra as S&P 500 Aims for 7,000
ZACKS· 2024-12-04 21:05
The S&P 500 surpassed 6,000 amid U.S. economic growth and a strong labor market. With the Trump administration expected to create a favorable stock market environment in a low interest rate scenario, the S&P 500 seems well-poised to scale upward. Equity strategist Christopher Harvey of Wells Fargo & Company (WFC) , thus, forecasted the S&P 500 to reach 7,007 by 2025, while Yardeni Research and Deutsche Bank predicted it to finish at 7,000 next year.Hence, investors can capitalize on the present market uptre ...
Nvidia signs deal to help build Thai 'sovereign cloud'
Techxplore· 2024-12-04 15:10
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain US chip giant Nvidia signed a partnership with Thai tech company SIAM.AI on Wednesday to build the country's first "sovereign cloud". The deal was announced during a visit to Bangkok by Nvidia's Jensen Huang, CEO and founder of the leading semiconductor design business, during which he agreed ...
Nvidia's Pullback: The Calm Before Takeoff
Seeking Alpha· 2024-12-04 15:02
Since our last coverage , we anticipated Nvidia’s (NASDAQ: NVDA ) strong Q3 FY2025 results would fuel another bullish run. While Nvidia delivered an earnings beat, with Data Center revenue up 112% YoY to $30.8 billion driven by Hopper H200 GPUsYiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member ...
This bank just predicted Nvidia to hit $7 trillion in 2025
Finbold· 2024-12-04 13:23
There has been no shortage of bullish forecasts for Nvidia (NASDAQ: NVDA) stock throughout 2024, with the semiconductor giant, for example, regularly being named one of the top candidates for the first company to reach a $4 trillion market capitalization. Considering NVDA shares' performance – they skyrocketed 739.45% in exactly 2 years and are up 194.17% year-to-date (YTD) to their press time price of $141.70 – the prevailing optimism is hardly surprising. All EST 194.17% (+$93 Not 1% & Ir Buy N most Conte ...
Could Buying Nvidia Stock Today Set You Up for Life?
The Motley Fool· 2024-12-04 12:51
There's no denying the fact that Nvidia (NVDA 1.18%) has turned out to be a life-changing investment for anyone who bought shares of this chipmaker a decade ago. That's because Nvidia stock has delivered remarkable gains of more than 26,800% in the past 10 years, significantly crushing the 195% gains that the S&P 500 index has clocked over the same period.Investors who bought and held Nvidia stock for such a long time have been able to benefit from multiple catalysts, such as the growth in the video gaming ...
ZJK Industrial Stock: A Potentially Game-Changing Partnership With Nvidia
Seeking Alpha· 2024-12-04 12:30
Collaboration with NVIDIA - ZJK Industrial Co Ltd announced a collaboration with NVIDIA to develop a component [1] - The company is a Chinese manufacturer of fasteners and precision metal parts [1] - This partnership could potentially enhance ZJK's market position and technological capabilities [1]
Should You Buy Nvidia Stock Hand Over Fist Before the End of 2024? Here's What History Suggests.
The Motley Fool· 2024-12-04 11:11
Another year, another huge gain. That's what appears to be shaping up for Nvidia (NVDA 1.18%). Shares of the GPU maker are up big with only a few weeks remaining in the year.It's too late for investors who don't own Nvidia to benefit from the stock's past performance. But should you buy Nvidia stock hand over fist before the end of 2024? Here's what history suggests.An impressive Q1 track recordThere's often no reason to hurry to buy a stock. Whether you purchase shares immediately or a few months later doe ...
Want to Know What's Next for Nvidia? Look at This 1 Key Number.
The Motley Fool· 2024-12-04 10:10
Business has exploded for Nvidia (NVDA 1.18%) over the past few years, with revenue surging in the triple digits quarter after quarter, and reaching record levels well into the billions of dollars. This is thanks to the company's position in one of today's highest-growth markets: artificial intelligence (AI). Nvidia dominates the AI chip market, with 80% share, and also has built an AI empire, selling a wide variety of related products and services to customers.And that's helped the stock to skyrocket, gain ...
SoftServe Unveils New Gen AI Solution ‘Drug Discovery,' Built with NVIDIA Blueprints at AWS re:Invent 2024
GlobeNewswire News Room· 2024-12-03 18:31
AUSTIN, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- SoftServe, a premier IT consulting and digital services provider, today announced the debut of its newest Generative AI (Gen AI) solution, Drug Discovery, alongside its partner NVIDIA at AWS re:Invent 2024. Built with NVIDIA BioNeMo Blueprints, the reference workflows that accelerate the development and deployment of AI, SoftServe’s new solution will streamline drug development, bringing life-changing treatments to the market faster and more affordably. SoftS ...
Nvidia CFO Says Chipmaker Could Spend Cash on M&A
Investopedia· 2024-12-03 18:05
Key TakeawaysNvidia is considering spending some of its cash on M&A investments, the company's CFO said at a conference.The chipmaker ended its fiscal third quarter with $38.5 billion in cash, cash equivalents and marketable securities.UBS analysts expect Nvidia to generate $120 billion in free cash flow in 2025.  Nvidia (NVDA) may use its growing stockpile of cash on mergers and acquisitions, Chief Financial Officer Colette Kress said Tuesday.  The chipmaking giant would consider investing "in some M&A for ...