Aquiles Larrea Jr., founder & CEO of Larrea Wealth Management, talks about some of his top stock picks as markets see weakness in Tuesday's session. He believes Nvidia (NVDA) and Apple (AAPL) will both see decent growth, pointing to double digit growth for Apple.
Nvidia shares have climbed more than 67% since the company's 10-for-1 stock split in June 2024, adding nearly $2 trillion to its market cap and making it the world's largest company at $4.9 trillion. For Nvidia to reach $1,200 per share again -- a sixfold gain from current levels -- the stock would need to compound at roughly 20% annually over 10 years or 13% annually over 15 years.
Wall Street panic crushed Nvidia stock, but the company's AI story may be stronger than ever. Here's why the recent sell-off could be sending investors the wrong signal.
Financial filings indicate that United States Representative Daniel Meuser of Pennsylvania has accelerated his recent sales of Nvidia (NASDAQ: NVDA) stock.
Victory Giant Technology's shares surge on debut. The company's IPO was Hong Kong's largest this year.
Nvidia shares pulled back below the $200 mark in early Monday trading, giving up recent gains as competitive pressures in the artificial intelligence chip sector showed no signs of easing. The stock fell 1.5% to $198.51, declining more steeply than major benchmarks.
When MarketBeat first began writing about Nebius Group NASDAQ: NBIS in December 2024, the company was described as one of the most exciting small-cap plays in the AI infrastructure space. At the time, the stock had just surged nearly 45% in a single week following a $700 million private placement involving NVIDIA NASDAQ: NVDA and Accel.
Following a period of volatility and decline, Nvidia (NASDAQ: NVDA) regained positive momentum starting on March 31 and is, by press time, up about 14% in April, with its press time price of $199.43 showing a mostly steady drive to reclaim the 52-week high of $212.19.
Wayne Kaufman is "super bullish" on current stock market conditions, projecting a sixth quarter in a row of double-digit growth this earnings season. Even though the S&P 500 (SPX) and Nasdaq-100 (NDX) have been on tremendous tears, he expects earnings to be the next leg for further growth.
Nvidia projects accelerating data center growth through 2030. The market is only pricing Nvidia's growth for this year.
NVDA's surging AI-driven growth, strong margins and lower valuation vs. TSMC position it as the more attractive semiconductor stock right now.
Nebius Group, Bloom Energy and Nvidia shares are near, or already pushing new highs amid renewed stock market strength.