Nvidia (NVDA) stock fell Monday after an analyst said the AI chipmaker is “experiencing severe thermal issues” with some power chips used in its latest server systems for artificial intelligence. TF International Securities analyst Ming-Chi Kuo said Nvidia is having problems with DrMOS chips from Alpha & Omega Semiconductor (AOSL). Nvidia is testing those chips…
The Dow Jones Industrial Average inched up in morning trades Monday, helped by Nike (NKE), while other indexes were mixed. Bitcoin play MicroStrategy (MSTR) rose while famed investor Cathie Wood snapped up a plunging artificial intelligence stock. And Super Micro Computer (SMCI) plunged amid delisting fears on the stock market today. Trying to fight back…
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The final Federal Reserve meeting of 2024 is on tap this week. The stock market rally had a mixed week. The Nasdaq edged higher as Alphabet (GOOGL) and Broadcom (AVGO) surged on news while Tesla (TSLA) hit a record high. But…
AI continues to rule the technology roost. Artificial intelligence standout Broadcom (AVGO) soared 24.4% Friday to its latest all-time high. That won Broadcom, an Nvidia rival, a spot on two of IBD’s best stock watchlists, the flagship IBD 50 and Big Cap 20. Additionally, other top-rated stocks also earned a spot on various IBD watchlists…
The stock market ended the day mixed, with a post-earnings surge from Broadcom (AVGO) boosting the Nasdaq. Now, the latest Fed meeting and more inflation data loom in the week ahead. The Nasdaq composite closed near record highs after inching up 0.1%, enough for relative outperformance. It posted a meager weekly gain of 0.3%, its…
The Dow Jones Industrial Average, S&P 500 and the Nasdaq headed lower in afternoon trades in the stock market today. Broadcom (AVGO) soared on a bullish AI outlook after results met Wall Street estimates. Nvidia (NVDA) fell but Tesla (TSLA) headed higher. Broadcom stock cleared the $1 trillion market cap milestone, while Nvidia broke below…
Broadcom (AVGO) stock rocketed Friday after the fabless chipmaker and infrastructure software provider forecast surging AI chip sales over the next three years. On a conference call with analysts to discuss fiscal fourth-quarter results, Chief Executive Hock Tan said Broadcom’s market opportunity for artificial intelligence chips and related connectivity chips could reach $60 billion to…
Broadcom (AVGO) late Thursday delivered roughly in-line results for its fiscal fourth quarter, helped by strong sales of AI processors and networking chips. Its outlook also matched analyst estimates. Broadcom stock rose in extended trading. The fabless chipmaker and infrastructure software provider earned an adjusted $1.42 a share on sales of $14.05 billion in the…
Dow Jones futures were little changed after hours, while S&P 500 futures and Nasdaq futures rose modestly. Broadcom (AVGO) and Costco Wholesale (COST) reported earnings late Thursday. Broadcom surged overnight on results, signaling a breakout. Fellow AI chip play Arm Holdings (ARM) flashed an aggressive entry in Thursday’s regular session. ↑ X NOW PLAYING Stocks…
Qualcomm (QCOM) is down 22% in the last six months and is below declining 50 and 200-day moving averages. Since stocks tend to trend and indexes are under some mild pressure, a move lower, or at best sideways, is a reasonable expectation for Qualcomm stock. We can set up a bear call spread option strategy…