This week, most are probably waiting for the $NVDA results. Today $BIDU reported results and they didn't do badly at all. Operating profit was RMB 5.210 billion (about $718 million), up 53% year-over-year and 5% quarter-over-quarter. Baidu's net profit was RMB 5.210 billion (about $718 million), down 11% year-over-year and 11% quarter-over-quarter.
Next from Never base your predictions on analysts' predictions 👇
I'm a little amused by HSBC's prediction on $NVDA stock right now. They raised their price target to $780 per share, the previous target was about $100 lower. The funny thing is that earlier in the year there was one company here that was loud and clear on Nvidia saying Sell (target was maybe $135 or $136). Do you...
Read more
And I thought being an analyst was something particularly difficult... and all you have to do is drink :-D
The SP500 index is up over 14% for the year, which is very respectable. The $SPY is up this year mainly due to technology stocks, which are up tens of % this year and some are even up over 100%, such as $NVDA or $META. The SP500 is rising this year mainly thanks to $AAPL, $MSFT, $NVDA, $META, $AMZN and $GOOGL. However, the question is whether these technology stocks will...
Read more
I don't expect anything at all, as I don't have this stock in my portfolio, but I would like to include $NVDA stock in my portfolio. But the results interest me quite a bit.
Technology stocks are up tens of % this year, some by more than 100%. For example, $META stock is up 140% for the year and $NVDA stock is up 180%. I'm increasingly regretting not buying tech stocks sooner and buying more of them. However, I still bought some tech stocks. I was buying $AAPL stock at $133 and then I was still buying $GOOGL stock at $98.
What tech stocks do you...
Read more
Nvidia $NVDA, the largest semiconductor company, is seeking to be a key investor in the IPO of a UK chip design company.
SoftBank, Arm's current owner, is going ahead with its plan to float Arm on the stock market through an initial public offering. Nvidia was forced to halt its planned $66 billion acquisition of Arm as it was stopped by antitrust authorities.
Nvidia is now...
Read more
Honestly, when that chart shot up like that a few weeks ago, I was expecting more of a punch & dump... but now I'm starting to feel like this stock will just hold that price.
Now tell me, was it a good idea to sell Nvidia $NVDA stock? 😄
Analysts at investment bank Citi predict Nvidia will gain a dominant 90% share of the AI chip market by 2025. This estimate is based on the expected growth of the AI chip market from $12 billion in 2022 to $120 billion in 2025.
And besides, Goldman today raised the target to $495 per share from the previous $440.
So finally, neither $NVDA nor $AMD have recovered from yesterday's losses, which they suffered before the market opened on reports that the US government could again adjust chip shipments to China.
Although they looked to take profits during trading to erase their losses, both firms ended the trading day in the red.
Is this a sign of slowing growth or just a slight wobble in the...
Read more
I'm reading this status 3 days later and it looks like just a little blip :)
GPT's portfolio is still in the green, specifically since its baseline ($50k) it is +$1840 (as of 6/23.) and this is his stock pick for this week including ChatGPT's scoring (0 worst, 100 best)
$LLY - 84 $CFLT - 84 $CVLG - 82 $VERA - 81 $VRTX - 81 $NATI - 81 $OSW - 80 $RMBS - 79 $KKR - 79 $DICE - 78 $RYI - 78 $MCD - 78 $THO - 78 $ACLS - 77 $NVDA - 77 $CBIZ - 75 $CWH - 75 $RDN -...
Read more
If you don't have the paid version, it can't be from 2023 but 2021 max after all?
AI! The most talked about topic in the investment world lately. We had a crazy tech rally during covid. When the pandemic ended, inflation and interest rates rose and the tech. mega rally was extinguished.
Now we have a new rally!
ChatGPT has left investors feeling exuberant. And a new rally is in full swing as all sorts of future AI opportunities are priced in.
That's why I've...
Read more
Nicely summed up and I'll join the Applaks here 😂 I also think they'll come up with something later when it's a blast
ASML is indispensable for all chipmakers, unfortunately it is not so visible on the stock. If it will level out I don't know, I guess they need to start talking about AI 😂
I'm not familiar with the company, but it looks interesting and thanks for the tip. From what I read, the company's stock has only recently gone public, so I personally would be afraid to start investing in this company yet.
Hey investors, have a great Sunday.
Since the earnings season for the first quarter of this year is almost over, I would like to ask you how you rate the earnings season and what results surprised you the most, either pleasantly or unpleasantly.
I perceive the results season positively, as I expected much worse. Obviously, some companies had worse results and did not exceed...
Read more
Personally, from the whole jerk I'm surprised there just isn't a recession yet, which su's always talked about. The tech companies, the hype around AI is just holding it together, that's all and if it wasn't for that we wouldn't be where we are in the indices at all. So I still expect a decline, not now if the Fed doesn't hike, but as just big tech runs out of drive, we should go down, but I don't think drastically.
I don't know the company at all but the year on year increase in operating profit is staggering :)