High volume can indicate market strength, but volume is relative. Thirty million in traded shares doesn’t mean much if the average daily volume is higher. However, a volume spike to thirty million is a different story. Volume spikes are a sign of piqued market interest, but their impact can be fleeting. Take GameStop, for example….
AI is here to stay, and it is a problem for some because of the massive increase in power consumption associated with the rise of AI. AI lives in data centers and uses the exact (often more powerful) GPUs and accelerators as Bitcoin mining, making it an unfriendly business for the planet. Dominion Energy NYSE:…
$7.14 +0.20 (+2.88%) (As of 07/8/2024 ET) 52-Week Range $2.36 ▼ $11.07 Price Target $8.40 Applied Digital Co. NASDAQ: APLD designs, develops and operates next-generation data centers accommodating artificial intelligence (AI) service providers in the high-performance computing (HPC) industry. The AI boom has been driving the demand for more data centers, which is driving demand for…
The semiconductor sector has been a standout performer in 2024, but recent trends suggest that its momentum might be slowing. So, let’s examine the overall state of the sector, focusing on the Van Eck Semiconductor ETF NASDAQ: SMH and two leading names: NVIDIA NASDAQ: NVDA and Taiwan Semiconductor Manufacturing Company NYSE: TSM. By analyzing these…
PANW Palo Alto Networks $337.64 -4.45 (-1.30%) (As of 07/8/2024 ET) 52-Week Range $201.17 ▼ $380.84 P/E Ratio 49.08 Price Target $326.29 Network cybersecurity provider Palo Alto Networks Inc. NASDAQ: PANW stock has recovered from its fiscal Q3 2024 earnings report. While the results weren’t bad, shares took a tumble on its forward guidance. However, the…
Upwork NASDAQ: UPWK is a technology firm that operates as an online marketplace, connecting freelance workers and independent contractors with employers. In 2024, the stock price is down 29% due to fears that AI will eliminate many freelance jobs. Now, most analysts covering the stock have a buy rating on it. Let’s look at Upwork’s…
$207.89 +2.14 (+1.04%) (As of 07/8/2024 ET) 52-Week Range $104.33 ▼ $230.63 Dividend Yield 1.64% P/E Ratio 27.94 Price Target $192.13 Qualcomm NASDAQ: QCOM is a dominant force in the semiconductor industry, designing and manufacturing wireless communication products and solutions. The industry is undergoing a significant transformation fueled by the burgeoning demand for AI-powered devices. This…
$257.44 -5.75 (-2.18%) (As of 07/8/2024 ET) 52-Week Range $193.68 ▼ $318.71 Dividend Yield 0.16% P/E Ratio 46.30 Price Target $292.79 Salesforce NYSE: CRM is the undisputed leader in cloud-based customer relationship management (CRM) solutions. Salesforce continues to navigate a pivotal period in its corporate evolution. As the company accelerates its integration of artificial intelligence (AI)…
After the company reported its full-year 2024 earnings results, shares of Paychex Inc. NASDAQ: PAYX are trading lower by as much as 5.5% in the morning’s trading session. The initial reaction to earnings came as a surprise, as the actual results were nothing to bearish about, although management’s guidance could have disappointed those used to…
$466.24 -1.32 (-0.28%) (As of 07/8/2024 ET) 52-Week Range $309.45 ▼ $468.35 Dividend Yield 0.64% P/E Ratio 40.37 Price Target $467.12 With its stock closing at another record high last night, around $450, it’s safe to say that Microsoft Inc NASDAQ: MSFT is having a great year so far. The tech titan is up more than…