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Symbol NVDA
Name NVIDIA Corporation
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country United States
State CA
City Santa Clara
Zipcode 95051
Website http://www.nvidia.com
Nvidia's stock has experienced a significant decline due to fear, uncertainty, and doubt (FUD) surrounding its market position. This downturn is compounded by an increase in competition, raising concerns among investors about the company's future performance.
Super Micro Computer has faced significant challenges, including a delayed annual report, the resignation of its auditor, and an accounting probe, leading to its removal from the Nasdaq-100. Despite these issues, an analyst predicts a potential 174% upside for the stock, driven by strong demand for its data center infrastructure, particularly with Nvidia's GPUs. However, uncertainties remain until the company resolves its accounting concerns and files its annual report.
The S&P 500 is poised for a strong 2024, having risen over 27% this year, driven by high-growth tech stocks and a favorable interest rate environment. However, history shows mixed outcomes after two consecutive years of over 20% gains, with potential risks including geopolitical tensions and economic downturns. Analysts remain divided on whether the index will achieve another double-digit gain in 2025, despite positive economic indicators.
Wall Street is experiencing a widening divergence between growth and value stocks, with the Nasdaq 100 hitting a record high while the Dow Jones faces its eighth consecutive loss. As the Federal Reserve meeting approaches, market participants are cautious, anticipating a potential 'hawkish cut' that could influence future rate adjustments amid ongoing inflation concerns.Sector performance indicates a strong preference for growth stocks, highlighted by significant gains in tech giants like Alphabet, Tesla, and Broadcom, while the S&P 500 remains in a near-term range. The ratio of value to growth stocks is at its lowest since January 2022, reflecting this trend.
IG
The stock market rally continues, with the Nasdaq reaching a record high and the S&P 500 close to its peak. IBD maintains an exposure level of 80%-100%, emphasizing risk management. Nvidia triggered a sell signal after a 1.7% drop, while other tech giants like Alphabet and Amazon hit new highs. Upcoming economic data and earnings reports from major companies are anticipated this week.
AMD's stock has seen significant growth over the past decade, rising 5,110% as it gained market share against Intel and Nvidia. Despite a flat performance in the last year due to a cooling PC market, AMD's revenue is expected to rise 22% year-over-year in Q4, driven by its expanding data center business and new product launches. Analysts project strong growth for 2025, making AMD an attractive investment compared to its competitors.
Stock futures are flat following the Dow's longest losing streak since 2018, dipping 60 points or 0.1%. The Dow fell for the eighth consecutive day, while the Nasdaq Composite reached a new intraday high. Traders are anticipating a 95% chance of a quarter-point rate cut from the Federal Reserve at its upcoming meeting, with concerns about potential tariffs under the new administration looming as a significant worry for 2025.
SoundHound AI (SOUN) stock surged 16.4% to close at 19.69, following a price-target increase from Wedbush Securities analyst Daniel Ives, who raised it to 22 from 10. The company, recognized as an underappreciated player in AI, is set to expand its market presence in automotive and restaurant sectors, with plans to enter e-commerce by 2025. SoundHound's partnership with Nvidia aims to enhance its generative AI voice technology, positioning it as a long-term winner in the AI revolution.
The S&P 500 and Nasdaq Composite reached new highs, while the Dow faced its eighth consecutive loss as investors await the Federal Open Market Committee's interest rate decision. Despite a positive trend in new highs, breadth data indicates underlying market weakness, with more decliners than advancers. Nvidia's stock correction continues, raising concerns about future sales, yet analysts remain optimistic about tech stocks' growth driven by the AI Revolution.
Nvidia's stock fell nearly 3% after an analyst reported severe thermal issues with DrMOS chips from Alpha & Omega Semiconductor, impacting the AI chipmaker's latest server systems. This problem threatens to delay mass production of the GB300 and B300 systems, pushing Nvidia's stock into a sell zone. Meanwhile, Alpha & Omega's shares dropped over 6%, while Monolithic Power Systems saw a rise of more than 4%.
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