Nvidia (NVDA) stock continued to tick higher Thursday, rising 0.5% in early trading after notching a record high above $154 the prior day. The gains come amid bullish predictions for the AI chip market on Wall Street. Loop Capital analyst Ananda Baruah on Wednesday raised his price target on Nvidia shares to $250, the highest…
The rumor mill is spinning overtime on struggling Intel (INTC) as the tech icon looks at ways to create shareholder value. Chip rivals Taiwan Semiconductor (TSM) and Broadcom (AVGO) are each eyeing deals with Intel that could break up the company, the Wall Street Journal reported over the weekend. Broadcom is reportedly looking to gain…
Last week, the emergence of a new AI model from China’s DeepSeek sparked investor concern that the AI spending boom may cool off as companies find cheaper ways to fulfill their AI goals. This spawned a massive sell-off in Nvidia’s (NVDA) stock, with the prevailing thought being that companies may not allocate as much spend…
Stocks don’t go up in a straight line, and that pertains to the market’s favorite name, Nvidia, as well! Shares of the chip-maker have fallen into correction territory, dropping by 12% from their November highs. Pros point to several factors for the sell-off, ranging from only an OK third quarter earnings report to signs of…
Broadcom’s AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say Broadcom Inc (NASDAQ:AVGO) stock surged Friday after it reported better-than-expected fourth-quarter adjusted EPS results and raised its quarterly common stock dividend. The company reported a topline of $14.05 billion, up from $9.3 billion, compared to the analyst estimate of $14.57 billion. EPS of…
Nvidia (NVDA) stock closed at a record high on Monday as Wall Street analysts held firm on their bullish positions on the stock ahead of its earnings report in November. Shares of the leading AI chipmaker rose over 4% to close at $143.71 per share. The move comes as Wall Street analysts reiterate their Buy…
Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024, in Washington, D.C.Photo: Chip Somodevilla (Getty Images) In This Story Nvidia (NVDA+4.08%) closed at a record high Monday as Wall Street anticipates Big Tech’s earnings report in November. The pill form of Novo Nordisk’s drug Ozempic can cut the risk of heart…