That’s right, the better stock to watch for those investors who value momentum over everything else in the technology sector is not actually NVIDIA Co. NASDAQ: NVDA. Understanding that the artificial intelligence wave is only getting started, especially considering that chip and semiconductor technology will only advance according to Moore’s law. But, if it’s not…
SPY SPDR S&P 500 ETF Trust $555.23 +0.59 (+0.11%) (As of 02:13 PM ET) 52-Week Range $409.21 ▼ $556.25 Dividend Yield 1.23% Assets Under Management $544.22 billion The S&P 500 NYSEARCA: SPY can continue to climb its wall of worry because its foundation is built on earnings growth. The bricks are made from FOMC and inflation…
$128.99 +3.16 (+2.51%) (As of 02:13 PM ET) 52-Week Range $39.23 ▼ $140.76 Dividend Yield 0.03% P/E Ratio 75.43 Price Target $127.07 NVIDIA NASDAQ: NVDA is a brand name with celebrity status in the technology sector. NVIDIA has become synonymous with accelerated computing, particularly in the rapidly evolving field of artificial intelligence (AI). The company’s graphics…
Artificial intelligence (AI) data cloud provider Snowflake Inc. NYSE: SNOW has had a series of misfortunate events, ranging from an earnings miss to data breaches, that caused its stock to tumble to 52-week lows at $122.60 on June 25, 2024. However, the shares have been able to rally for four consecutive days following the low…
$60.11 -0.98 (-1.60%) (As of 07/8/2024 ET) 52-Week Range $44.12 ▼ $81.24 P/E Ratio 39.29 Price Target $70.03 Leading cybersecurity provider Fortinet Inc. NASDAQ: FTNT stock has been lagging behind its peers and the benchmark indexes, trading up just 3.8% year-to-date (YTD). The company offers security-as-a-service (SaaS) through the cloud, primarily billing through a subscription model….
Shares of MongoDB NASDAQ: MDB fell hard in Q2 for one reason and one reason alone- the guidance. Unlike other AI winners, the company’s guidance is for growth but tepid, anemic growth compared to the whisper expectations. The guidance resulted in a 50% decline for the stock from peak to bottom, assuming a bottom is…
PRGS Progress Software $54.36 -0.72 (-1.31%) (As of 07/8/2024 ET) 52-Week Range $48.00 ▼ $62.34 Dividend Yield 1.29% P/E Ratio 33.15 Price Target $63.14 Progress Software NASDAQ: PRGS is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date. The…
The rise of artificial intelligence has been a gift for investors who own one or more of the technology stocks that stand to benefit from AI. Not only has this been a good trade, but many of these stocks, such as NVIDIA Corp. NASDAQ: NVDA and Microsoft Corp. NASDAQ: MSFT, are also great buy-and-hold stocks. …
$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…