For the most part, the big hedge funds have been mostly net sellers of stocks in recent quarters.
The chip maker blew the AI trade wide open in the spring of 2023. It might need to do it again.
Selling pressure came for tech this week, with Softbank selling out of Nvidia (NVDA), Michael Burry shorting tech, and fears around an AI bubble. David Dietze covers the fears roiling the market and says all eyes are on Nvidia (NVDA) earnings next week.
Nvidia ( NASDAQ:NVDA ) stands as a powerhouse in the semiconductor industry, specializing in graphics processing units (GPUs) that power everything from gaming to artificial intelligence.
Nvidia stock will move the market this coming Wednesday night, says CNBC's Jim Cramer.
Here are three primary reasons why this looks like an appealing time to buy Nvidia (NVDA) stock amid recent market volatility.
Nvidia (NVDA) is set to report its latest earnings after the market closes next Wednesday, and analysts are expecting big things.
Tech stocks have at times appeared unstoppable this year. Now they're in a rut.
Amid its impressive run, Broadcom has garnered a bevy of optimistic price target forecasts from Wall Street analysts, including a new bullish call from Jefferies. The firm not only named Broadcom its top semiconductor pick but also issued the stock's highest price target to date.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is scheduled to release its third quarter earnings on November 19 after markets close, with Wedbush analysts projecting continued strength in its AI-driven business. Wall Street analysts on average expect Nvidia's sales to surge 55% to $54.59 billion and earnings per share to jump to $1.24 from $0.81.
Artificial intelligence is still the headline story in markets—but the smartest opportunities might not be the ones everyone's already talking about. While the biggest AI names have been making massive moves, a quieter kind of transformation is happening behind the scenes.
Despite the big tech sell-off, Morgan Stanley, Oppenheimer, and Wells Fargo all gave praise to Nvidia (NVDA) through a slew of price target hikes on bullish growth expectations. Marley Kayden takes investors through what analysts are thinking as markets brace for what will likely be next week's biggest catalyst.