NVIDIA, a leading AI chip company, saw its shares soar by 9% to over $1,000 after releasing another impressive earnings report. The company also announced a 10-for-1 stock split, making it easier for retail investors to purchase its shares. This move follows a trend among big tech companies, including Google, Amazon, and Tesla, to make … Read more
Nvidia reported impressive results that surpassed high expectations, leading to a surge in its stock price. The company’s strength in AI-powered accelerated computing is driving demand from various sectors beyond cloud service providers. Bank of America analyst Ruplu Bhattacharya believes that Super Micro Computer Inc. (SMCI) will benefit from this trend due to its positioning … Read more
Broadcom Inc. saw a slight increase in its shares by 0.08% to $1,393.29 on Thursday amidst a lackluster trading session for the overall stock market. This modest rise comes in the midst of ongoing market volatility and uncertainty. Investors are closely monitoring the company’s performance and the broader market conditions as they navigate the current … Read more
NVIDIA (NASDAQ: NVDA) has had a successful week, announcing a 10 for 1 stock split that has driven its shares higher. This move has sparked speculation that Nvidia may replace Intel in the Dow Jones Industrial Average, positioning the tech company for even more growth in the second half of 2024. Nvidia’s stock has risen … Read more
NVIDIA has officially announced its stock split, following predictions from forecasters. The next company that could potentially issue a stock split is Broadcom, a semiconductor company heavily involved in the artificial intelligence (AI) industry. Broadcom recently made headlines with its involvement in this sector. As NVIDIA sets a precedent with its stock split, other companies … Read more
Stocks saw a rally on Friday, with the S&P 500 marking its fifth consecutive week of gains. This surge was largely driven by tech stocks, a sector that has been leading the market’s upward momentum since late 2022. The Nasdaq Composite hit a new all-time high on Friday, while the Dow Jones Industrial Average also … Read more
Tech stocks on the Nasdaq 100, including Nvidia Corp., saw a surge to record levels this week, driven by Nvidia’s excellent earnings report. This marked the fifth consecutive week of gains for the Invesco QQQ Trust (QQQ), the longest streak since January. Shares of Nvidia rose over 9% following their first-quarter financial results, which showed … Read more
According to analyst Gil Luria from DA Davidson, Nvidia’s stock may not continue to rise indefinitely. Luria predicts a potential drop of up to 20% in Nvidia shares in the coming years due to anticipated lower demand for Nvidia GPUs and increased competition. While Nvidia recently reported record-breaking revenue of $26 billion in the first … Read more
NVIDIA stock (NASDAQ: NVDA) has shown impressive growth in demand for its data center products driving AI applications, leading Rosenblatt analyst Hans Mosesmann to recommend investors buy the stock. The company’s $1,400 price target for NVIDIA stock remains one of the highest on Wall Street, representing a 34% gain even after a rise following its … Read more
In the analysis of the top dividend stocks of 2024, Broadcom Inc. (NASDAQ: AVGO) ranked eighth among the Top 10 Dividend Stocks of 2024. The stock market has shown signs of improvement, with the broader partner of the Dow Jones Industrial Average up 11.1% year-to-date, signaling strong performance. Despite this, dividend stocks are still lagging … Read more