With the U.S. election out of the way and Donald Trump’s administration filling out, the market will turn to Nvidia Corp. (NASDAQ: NVDA) earnings this week to see if animal spirits can keep the party going.
Senior research analyst at Rosenblatt Securities Hans Mosesmann shares his hot picks in semiconductor stocks; Nvidia, AMD and Intel.
I’m very bullish on artificial intelligence and the productivity enhancements it can bring. Part of me is terrified by the other things it can unleash in terms of being able to trust what you see and hear on social media, but I will leave that for another day. It can help with forecasting economic and market conditions. It can help tilt the odds of success a bit more in our direction. The next two hires on my investment team will be AI-enabled coders.
There is always a new technology coming. NVDA has had some challenges with fabrication capacity, quality control, and most recently reports of chips overheating. So idiosyncratic risks are high. NVDA is now 8.7 per cent of the QQQ . It recently passed Apple and Microsoft to be the largest holding.Looking at the chart of the QQQ since the pandemic low, we see a clear trend channel that has found resistance at the top of the channel in July, creating an important high.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNN Data Reporter Makes John Berman’s ‘Hair Hurt’ With New Polling DetailSpanish/English journalist covering a wide range of topics -- from breaking news and politics to popular culture, street art, memes, satirical takes, environmental issues, social media trends and more.
Read more »
Nvidia results in focus as stock market’s election boost stallsSemiconductor company’s quarterly report is set to be released on Nov. 20
Read more »
Nvidia Is Planning to Invest in Thailand, Commerce Minister Says(Bloomberg) -- Nvidia Corp. is set to unveil investment plans for Thailand, joining Alphabet Inc. and Microsoft Corp., as Southeast Asia becomes a hot spot...
Read more »
Amazon unit offers free computing power to AI researchers, aiming to challenge NvidiaAmazon Web Services said it will offer credits to use its cloud data centres that it values at $110-million to researchers who want to tap Trainium
Read more »
As Nvidia flips Apple at $3.43T, AI coins follow suit with big gains!Nvidia surpasses Apple reaching $3.43 trillion in Market Cap. AI themed coins have surged by double digits in response
Read more »
MicroStrategy’s Outperformance Versus Nvidia Obscures Rising Concern Over Stock PremiumSince the collapse of crypto markets two year ago, MicroStrategy Inc. has outperformed almost every major US stock, including AI bellwether Nvidia Corp.
Read more »