Are you willing to give a chip champ a chance? At least one hedge-fund luminary bought a big chunk of Advanced Micro Devices (NASDAQ:AMD) stock not long ago, so perhaps there’s more upside in store. On the other hand, value-focused financial traders might be reluctant to take a share position in AMD now. Advanced Micro Devices,
AI stocks and chip companies have been the talk of Wall Street in 2023. Generative AI is the catalyst that has propelled those firms and their shares sharply higher this year. Artificial intelligence (AI) can now produce content, text, audio and images far faster than any human could ever hope to do — even if
Everybody and his uncle knows that Nvidia (NASDAQ:NVDA) will benefit from the popularity of artificial intelligence (AI) in 2023. This is already known and priced into NVDA stock. Therefore, value-seekers and contrarians shouldn’t be too eager to invest in Nvidia now. By the time you read this, Nvidia may have already published its second-quarter earnings results.
The stock market has been on a volatile ride in 2023, as investors grapple with the effects of higher interest rates, slowing consumer and business demand, and geopolitical uncertainties. However, most U.S. equities have benefitted from better-than-expected economic growth in the United States, as reflected by the rise of major indices like the S&P500 and
Lately, comments made by U.S. Treasury Secretary Janet Yellen emphasize how the measures taken under the Inflation Reduction Act have helped strengthen the labor market. Yellen’s efforts have been instrumental in generating a surplus of over 13 million job opportunities, helping to lower the United States unemployment rate. Inflation figures in June 2022 peaked at
A Dick’s Sporting Goods store in Niles, Illinois, May 20, 2014. Getty Images Check out the companies making headlines in midday trading. Dick’s Sporting Goods — The retail stock tumbled nearly 24% after Dick’s reported a rare earnings miss and slashed guidance for the year, thanks in part to an uptick in store theft. Earnings
Warren Buffett is an investing legend because he’s just that good. Since he became CEO of Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) in 1965, the Oracle of Omaha generated 3.7 million percent returns for investors. This has led to the rise of Warren Buffett stocks he bought and sold recently. To put that in perspective, The S&P 500
The massive euphoria in penny stocks has not repeated since 2021. The reason is tight monetary policies that have dampened overall market sentiments. At the same time, recession fears and geopolitical tensions have played spoilsport. Investors are unwilling to speculate even on attractive penny stocks to buy amidst these uncertainties. Of course, there are individual
Meme stocks became a cultural sensation when Gamestop (NYSE:GME) went parabolic in 2021. The move shocked many investors and put short sellers in a challenging spot. However, it also hurt many retail investors. This has led us to reveal the worst meme stocks. After witnessing GameStop’s success, many investors flocked over to other meme stocks.
Building a seven-figure portfolio takes time, patience, and requires choosing the right stocks for investment. Identifying companies with massive long-term growth potential can set you on the path to amassing $1 million or more over a decade. Of course, an investor’s actual gains depend on portfolio size and investment horizon. However, by focusing on stocks
Automation is a trend that’s been ongoing for decades. As companies seek greater productivity, automating undesirable tasks will continue to happen, and AI and machine learning will help us get there. Recently, machine learning mainly involved predictive models classifying data for forecasts, with limited corporate spending. The Nasdaq surged 31% in 2023 due to generative
Navigating the vast ocean of investment opportunities, the quest for the best AI stocks is virtually on every astute investor’s radar. As we ride this technological tsunami, it’s clear that the AI renaissance has propelled a few companies to the stratosphere while others are revving up on the tarmac. Though teeming with innovations, the bustling
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Check out the companies making headlines before the bell: Fabrinet — Fabrinet surged 21% after its fiscal fourth-quarter results late Monday topped analysts’ estimates. The advanced manufacturing services company posted non-GAAP earnings of
While it is true that penny stocks can present good opportunities for exponential gains, this is not the case with these three. Maybe at some point they gave good results, but as economists know, there is the law of diminishing marginal returns, there comes a point in the trajectory of a penny stock where it
Yes. I hear you. I told you to buy SoFi Technologies (NASDAQ:SOFI) stock; you bought SoFi Technologies; SoFi delivered what analysts called excellent earnings; we cheered. Since then, SOFI stock is down 18%. Shares that cost $10 when earnings came out will sell for just $8.17 when the bell goes off August 21. I’d be mad
Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) stock has made a solid recovery so far this year. Other tech stocks have performed even better during this time frame. Still, a nearly 43% jump in price for GOOG stock is nothing to sneeze at. However, chances are it’s not the stock’s performance relative to other FAANG components that has you wondering
Investors looking to get back ahead should consider these unmatched stocks to buy while they’re inexpensive. The summer of 2023 is a period of unexpected expansion. Unemployment is at its lowest point in nearly 50 years, inflation is decreasing, and wages are outpacing price increases from the Federal Reserve. Consumers and businesses continue to spend
The stock market, much like the ebb and flow of tides, has its moments of highs and lows. In the vast ocean of S&P 500 stocks, there are some that currently find themselves in an oversold territory. While this might raise alarm bells for the faint-hearted, seasoned investors often see this as an opportunity to
Joby Aviation (NYSE:JOBY) stock, a lesser-known but potentially significant aviation stock, operates in the emerging air mobility sector. Despite a strong year-to-date surge, JOBY stock’s potential could remain high due to the early-stage market. Based in California, Joby Aviation specializes in electric vertical takeoff and landing aircraft. Backed by major financial supporters, holding a modest
The past few weeks have brought forth a mix of favorable and disheartening news for flying car stocks. While certain companies have secured their initial official certificates from the Federal Aviation Administration to begin flight testing, others have temporarily suspended their testing because of battery-related concerns. As competition in the field continues to heat up,