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…
Hope usually springs eternal for the S&P 500 this time of year. But analysts are already sounding specific warnings for next year. ↑ X NOW PLAYING Beating The Market: How To Find Outperforming Stocks Analysts think 10 stocks in the S&P 500, including Palantir Technologies (PLTR), Tesla (TSLA) and Super Micro Computer (SMCI), will sink…
A Wall Street analyst on Tuesday pounded the table for AppLovin (APP) stock after its sharp pullback on Monday, calling it a “buying opportunity.” Oppenheimer analyst Martin Yang reiterated his outperform rating and price target of 480 on AppLovin stock. ↑ X NOW PLAYING Growth Leaders Slammed As China Stocks Surge; ATAT, EBay, Cava In…
Tesla (TSLA) vehicle insurance registrations in China surged sequentially last week, marking one of the company’s highest weekly totals ever in the key EV market as demand in China continues to rebound. Meanwhile, a top analyst increased his Tesla stock price target, but it’s not due to vehicle deliveries. Tesla stock surged 3.6%, hitting 407.82…
Goldman Sachs Goldman Sachs GS $0.27 0.03% 25% IBD Stock Analysis Three-weeks-tight pattern has 612.73 buy point, holds firm above 21-day support Composite Rating Industry Group Ranking Emerging Pattern Three Weeks Tight * Not real-time data. All data shown was captured at 11:42AM EST on 12/09/2024. Goldman Sachs (GS) is Monday’s IBD Stock Of The Day…
Rubrik (RBRK) stock surged after the data security software firm reported a narrower-than-expected third quarter loss and revenue topped expectations. The company reported Rubrik earnings after the market close on Thursday. On the stock market today, Rubrik stock popped more than 20% to 64.51 in early trading. In the quarter ending Oct. 31, Rubrik said it…
Glad the election is over? So are other investors, who pushed the S&P 500 up in November when the voting was done. ↑ X NOW PLAYING Beating The Market: How To Find Outperforming Stocks If you invested $10,000 in January in the top-performing stock in the S&P 500 at the time and reinvested that in…
Hasbro stock climbed Friday after Elon Musk mused about buying the toy making powerhouse for the rights to Dungeons & Dragons. The day prior, Musk announced plans to start his own artificial intelligence video game studio. Telsa (TSLA) and SpaceX CEO Elon Musk is an avid video game player, previously touting on the Joe Rogan…
SoundHound AI (SOUN) is giving a voice to artificial intelligence. And the AI voice tech company is making itself heard on Wall Street, where the spotlight on SoundHound stock is growing. The path to providing AI voice technology to devices, business kiosks and call centers has been bumpy. And that’s true for SoundHound’s stock, which…
As the market moved toward Friday’s launch of the Black Friday holiday shopping season, retail stocks were in motion. Earnings reports rolled out Tuesday from Dick’s Sporting Goods (DKS), Burlington Stores (BURL), Abercrombie & Fitch (ANF), Best Buy (BBY) and Kohl’s (KSS). Dick’s led the group, moving sharply higher in early trade, then narrowing its…