$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…
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…
Micron NASDAQ: MU shares fell a significant 5% in after-market trading due to its Q3 results and guidance for Q4. However, nothing in the report gives cause to sell and every reason to buy. The results were better than expected; the company revealed market share gains in the critical data center/AI market, and the guidance…
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…
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. …
Occasionally, Wall Street fund managers come down from their ivory towers and let the rest of Main Street into some of the plays they have been making. These institutions manage the nation’s pensions and other crucial investment vehicles, so when their insights are released, it pays to keep up with them, or at least behind…
$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…