These days, AI stocks are almost selling like pancakes, and I can’t blame investors. With almost every tech and tech-adjacent company announcing artificial intelligence integration into their business processes, AI service providers are getting more clients. At the same time, SaaS companies are injecting GPT into their existing platforms, allowing them to expand their offerings
Advanced Micro Devices (NASDAQ:AMD) ripped higher after earnings beat expectations. Net income of $265 million, 69 cents per share when adjusted and revenue of $5.8 million were all pleasant surprises. Net income was more than double that of the first quarter. There’s more to come, according to the earnings release. Third quarter revenue was estimated
Tesla’s (NASDAQ:TSLA) second-quarter financial results confirmed that the electric vehicle maker’s fortunes are fading fast, making now the right time to dump Tesla stock. The abysmal Q2 print, combined with growing signs that the company is quickly losing market share to competing automakers, has led to a continued erosion in Tesla stock. While the share
Editor’s Note: This article was previously published under the title, “Monumental Funding Has Elon Musk AI Venture Primed For Takeoff” but has been updated to include the most recent information. For years, one of the world’s richest men and arguably most influential tech visionary – Elon Musk – has mostly watched the AI Boom unfold
Dell Technologies (NYSE:DELL) has cemented its status as a leading force in the technology sector with its IT hardware, software, and services. However, the past year has proven to be a rollercoaster ride for Dell’s stock price. After hitting a low of $52.05 in early August 2023, DELL surged to a high of $179.70 by
The biotech industry, often recognized for its rapid innovation, can set investors up for outsized returns in the stock market. However, not all biotech companies have the capability of doing so. High potential biotech stocks can be relatively easy to find when focusing on the right financial metrics and previous track records of success. Too
Bloomberg’s Matt Levine summed up best in his July 17 opinion piece about Trump Media & Technology Group (NASDAQ:DJT) when he said that people buy Trump Media stock because it has “Trump” in the name. “Last quarter it had revenue of $770,500 from selling ads on its social media site, and its operating cash flow
On the surface, that Meta Platforms (NASDAQ:META) was going to spend approximately $38.5 billion in 2024 on AI infrastructure was very good news for Nvidia (NASDAQ:NVDA) stock. “Meta is one of Nvidia’s top customers. In January, Meta CEO Mark Zuckerberg pledged that his company would have 350,000 Nvidia H100 graphics processing units and a total
In this article TNL NOW GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google headquarters in Mountain View, California, on Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Earnings season is in full swing, with results from tech giants and sector leaders influencing the market’s direction. While these updates provide key insights into a
Earnings season for this year’s second quarter rolls on. And while the results have been largely better than expected, some prints have been real doozies. Certain companies have seen their share price fall by 15% or more in a single day after they delivered financial results and guidance than fell short of Wall Street expectations.
Investors must always balance growth and stability in their portfolios. While employing defensive positions is essential, deploying capital in high-growth sectors like technology can be a formula that accelerates growth. This strategy adds an extra boost to portfolio returns. However, picking top tech stocks randomly is a recipe for disaster. As an investor, you must
Make no mistake: it’s still a time when you should be thinking about which cannabis stocks to sell, not which cannabis stocks to buy. Yes, based on the sheer volume of public comments submitted to the Drug Enforcement Administration (DEA) in support of a proposed rescheduling of marijuana, U.S. cannabis legalization progress seemingly keeps moving
Market volatility has picked up significantly, with tech stocks (again) leading the entire market lower on Thursday, a day after recovering markedly from Wednesday’s losses. Indeed, it can be a rather stomach-churning experience to be invested in stock markets these days. With stocks kicking off August with a steep plunge, many beginner investors may be
Investing in undervalued stocks gives investors an edge in capitalizing on companies with high growth potential. Listing these stocks involves scanning the fundamentals, which helps mark potential the market might overlook. Indeed, fundamentals like top-line growth, profit margins, and strategic initiatives reflect a company’s true value. Here, the focus is on three undervalued stocks. To begin with, the
After what seemed like a slam-dunk victory for former President Donald Trump, circumstances in the political realm have become much more exciting. It’s not entirely clear that Vice President Kamala Harris can do enough to change the dynamics of the race to her favor. Still, polling data shows that she’s closing the gap to Trump.
Why is earnings season the perfect time to make your move? Earnings announcements lead to market volatility. So, this allows investors to bag top-quality stocks at a discount. The ongoing mixed earnings season has led to a dip in several stocks. And, while it could be a temporary reaction, it can allow you to load
Small-cap stocks have gotten a bad rap lately, and I get it. Most of them have severely underperformed the broader market rally we’ve seen. Sky-high interest rates have crushed the growth prospects for many of these fledgling companies. And let’s be real. A lot of small-caps are unprofitable anyway, so why even bother investing in
Broadcom’s (NASDAQ:AVGO) stock is an optimistic buy in line with high AI and networking capabilities. In fiscal Q2 2024, Broadcom had net revenue of $12.5 billion, a 43% year-over-year (YOY) increase. Excluding VMware, Broadcom’s revenue grew by 12%, primarily due to a 280% surge in AI revenue. Next year, Broadcom’s AI and networking revenue may grow 40%
Despite some bumps in the road, the electric vehicle (EV) revolution hasn’t stopped in 2024. ChargePoint (NYSE:CHPT) continues to grow and provide powerful EV charging equipment in the U.S. and elsewhere. In the long run, ChargePoint will prevail against the skeptics and short sellers, and its stock could jolt up to four dollars, five dollars or
In this article FIVN Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Company: Five9 (FIVN) Business: Five9 provides intelligent cloud software for contact centers in the United States and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact
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