The Latest Breaking News on Top analyst says Nvidia stock has room to go even higher in 2024

Semiconductor stocks lagged after media reports said the Biden administration is considering more restrictions on chip sales to China.

Could this end AI stock rally?

Despite the cyclical ups and downs, the tech sector has remained a bright spot this year, owing to consistent digital transformation and breakthrough technological trends. Given this backdrop, buy-rated stocks Zoom Video Communications (ZM), Jabil Inc. (JBL), and Xerox Holdings Corp. (XRX) could be worthwhile investments now. Read on.

The surge in stocks related to artificial intelligence (AI) has many investors concerned that the rally is similar to the dot-com technology stock bubble in the 1990s. Although most AI stocks are far from the stretched valuations of dot-com stocks in the 1990s that pushed the Nasdaq 100 Stock Index...

Nvidia Corp. has alienated some loyalists on fears that the stock may have gotten ahead of itself. 

June S&P 500 futures (ESM23) are up +0.12%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.16% this morning as market participants braced for the Federal Reserve’s interest rate decision while also awaiting crucial U.S. PPI data.

After falling to a 3-year low in January, Amazon.com (AMZN ) rose to a 9-month high last week and is up +51% this year. Amazon is rebounding from a long stretch of underperformance related to pandemic-era investments and a slowdown in growth following a surge in growth during the pandemic....

Contrary to tech skeptics, Ives doesn’t think the economy is heading for a bubble or a collapse.

Shares of Oracle (ORCL ) rallied to a record high today and may move even higher after Wolfe Research upgraded the stock to outperform. Oracle is up more than +40% this year as optimism has been building that investment in artificial intelligence (AI) will benefit the company. The release of...