There’s no doubt that the major US indexes remain in a strong uptrend, with stocks putting together a remarkable 2024 as this latest bull market enters its third year. Technology stocks have mainly led the way higher, but we are beginning to see other pockets of the market return to the forefront. Better-than-expected corporate earnings,…
Chipmaker Nvidia (NASDAQ: NVDA) has dominated the artificial intelligence (AI) stock space, outperforming most of the market with strong underlying fundamentals heading into the new year. Nvidia’s success can be attributed to its chips, like the H100, which are critical for training advanced AI models. The company’s partnerships, software ecosystem, and first-mover advantage have positioned…
AI is booming, providing an important pillar of support for the stock market’s substantial year-to-date gains. Put into numerical terms, the tech-heavy NASDAQ composite index, which features many of the AI sector’s major names, has added nearly 30% for this year to date – on top of the 43% gains it registered last year. The…
Inflation data, Fed FOMC meeting minutes, start of Q3 earnings season will be in focus this week. AMD is a buy as it holds its annual ‘Advancing AI 2024’ event. Delta Air Lines is a sell with disappointing earnings, soft guidance on deck. Looking for more actionable trade ideas to navigate the current market volatility?…
getty A year ago, there was only Nvidia (NVDA) in the AI race. But now investors are looking at Advanced Micro Devices (AMD) as a potential competitor. Which AI stock should have a place in your portfolio? Let’s lay out the details so you can decide. The State Of Nvidia Nvidia designs semiconductors for use…