Nvidia Leads Three AI Plays Rebounding Near Buy Points

Group 1: Nvidia (NVDA) - Nvidia stock surged 6.2% to 877.35, rebounding above its 50-day moving average, with a potential early entry point at a trendline [2][3] - The stock rallied 15.1% this week, driven by positive earnings reports from other AI-focused companies like Alphabet, Microsoft, and Meta Platforms, which increased their AI investments [2] - Nvidia has a perfect 99 Composite Rating and a 99 ES Rating, with triple-digit earnings growth in the past three quarters [3] Group 2: Datadog (DDOG) - Datadog stock increased nearly 5% after bouncing off its 50-day line, influenced by Microsoft's strong earnings driven by cloud revenue [4] - The stock is forming a flat base with a 138.61 buy point, and analysts expect earnings growth to slow to 22% after four quarters of acceleration [4][6] - Datadog holds a perfect 99 EPS Rating and a 98 Composite Rating, with a 92 RS Rating [6] Group 3: Cameco (CCJ) - Cameco stock has risen over 26% from mid-March lows, supported by increasing uranium prices, with Q1 earnings expected to jump 25% to 25 cents per share [7][8] - Spot uranium prices have eased to around $85 per pound after reaching $100 in January, but demand remains strong [7] - Goldman Sachs initiated coverage of Cameco with a buy rating and a price target of 55, highlighting its position as a major nuclear fuel supplier [7] Group 4: Dell Technologies (DELL) - Dell stock rose nearly 32% after exceeding Q4 earnings estimates with a 22% increase to $2.20 per share, despite an 11% revenue decline [9] - UBS raised its price target on Dell to 141, citing shorter GPU lead times and growing AI server demand, forecasting a 48% increase in AI-related server units in 2024 [9][10] - DELL stock has increased 63.5% year to date, but investors may wait for a new base to form before entering [10] Group 5: Walmart (WMT) - Walmart stock is trading near all-time highs following a surprise Q4 earnings beat with a 5% increase to $1.80 per share and a 6% revenue growth [11][12] - The company plans to acquire TV maker Vizio for $2.3 billion to boost advertising revenue, and it recently completed a three-for-one stock split [11][12] - WMT stock formed a flat base with a 61.66 buy point, supported by its 50-day line, and a push above 60.53 could offer an earlier entry opportunity [12]