Goldman Sachs recently increased its year-end target for the S&P 500 to 5,600 from 5,200, with the possibility of reaching as high as 6,300. This optimistic outlook was fueled by factors such as milder negative earnings revisions and a higher fair value price/earnings multiple, as indicated by a team of strategists led by David Kostin … Read more
Tech stocks such as NVIDIA are leading the Nasdaq and S&P 500 to new highs, prompting investors to consider AI stocks for potential gains. NVIDIA recently announced a 10-for-1 stock split, making its shares more accessible to investors. Other AI companies like Oracle, Super Micro Computer, and Taiwan Semiconductor Manufacturing are also seeing positive growth … Read more
CEOs from Palantir Technologies Inc., Oracle Corp., and Pfizer Inc. met with US senators to discuss support for Israel during its invasion of Gaza and finding a solution for hostages held by Hamas. The bipartisan group of senators, including Sen. John Cornyn and Sen. Lindsey Graham, also discussed the potential involvement of countries like Saudi … Read more
Stocks saw a significant boost thanks to a rally from Nvidia, a leading technology company. The rally helped stabilize the dollar, providing further support to the market. Investors were encouraged by Nvidia’s performance, leading to an overall positive trend in the stock market. The stability of the dollar also provided a sense of security for … Read more
Asian semiconductor stocks surged following Nvidia’s rise to become the world’s most valuable company, with the company’s market capitalization hitting $3.34 trillion. This surpassed Microsoft, which is now valued at $3.32 trillion. Nvidia’s shares have increased by 174% this year. Taiwan Semiconductor Manufacturing Corporation (TSMC), which produces Nvidia’s high-performance graphics processing units, saw its stock … Read more
In a recent development, Nvidia’s stock saw a significant increase overnight, leading to a boost in chip stocks across Asia. This surge was fueled by growing optimism surrounding the potential benefits of artificial intelligence (AI). The rise in Nvidia’s stock price has prompted a positive response in the Asian market, with other chip stocks experiencing … Read more
Asian semiconductor stocks surged on Wednesday following a rise in Nvidia’s stock price, making it the world’s most valuable company with a market capitalization of $3.34 trillion, surpassing Microsoft. In Taiwan, Taiwan Semiconductor Manufacturing Company (TSMC) and Foxconn saw gains of up to 4.34% and 4.78%, respectively. TSMC manufactures Nvidia’s high-performance graphics processing units for … Read more
The stock market is facing pressure following weak JOLTS data indicating economic weaknesses, with job openings dropping to their lowest level since February 2021. GameStop’s rally is diminishing as meme trading influencer “Roaring Kitty” faces a potential e-commerce ban over market manipulation concerns. Investors are keeping an eye on Hewlett Packard Enterprise’s quarterly earnings and … Read more
Nic Chahine, an options trader, has an impressive track record of achieving 27% profits every 20 days through buying options, not selling covered calls or spreads. He boasts an 83% win rate, which is higher than most traders in the options market. Chahine’s success lies in capitalizing on oversold stocks in the information technology sector, … Read more
The emergence of generative artificial intelligence (AI) in 2023 led to a surge in activity among semiconductor companies. NVIDIA, in particular, saw its stock price quadruple in value over the past year as a key player in the AI industry. However, investors looking to capitalize on the semiconductor industry may want to explore other options … Read more