
Cathie Wood's ARK Investment buys 3.0K shares of Nvidia today
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNN
30 minutes ago
- CNN
Nvidia wants Europe to catch up in the AI race
Europe has fallen behind China and the US in the development of AI capacity, producing less than 1% of the world's semiconductors needed for AI. But the EU hopes to produce 20% of the world's semiconductors by 2030. CNN's Anna Stewart spoke to Jensen Huang, CEO of Nvidia about their plans to build 20 AI factories across the continent.


Business Insider
2 hours ago
- Business Insider
Is AMD Stock a Buy Ahead of Q2 Earnings? Here's Wall Street's Take
All eyes are on Advanced Micro Devices' (AMD) second-quarter earnings that are scheduled to be announced on August 5. AMD stock has rallied about 38% year-to-date, driven by strong Q1 results, encouraging updates at the Advancing AI event, lifting of chip export restrictions, and revived hopes for the company's prospects in the artificial intelligence (AI) chips market. Ahead of the results, Wall Street is cautiously optimistic on AMD stock. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Expectations from AMD's Q2 Earnings AMD delivered impressive first-quarter results, with its data center segment's revenue rising 57%. The company's overall revenue growth has been accelerating in recent quarters. Wall Street expects AMD to report earnings per share (EPS) of $0.48 for Q2 2025, reflecting a 30% year-over-year decline. Meanwhile, revenue is estimated to grow by 27% to $7.41 billion. Looking ahead, Advanced Micro Devices' latest Instinct MI350X and MI355X graphics processing units (GPUs), which compete with Nvidia's (NVDA) Blackwell platform, are expected to boost its AI revenue. Moreover, the upcoming MI400X AI accelerator is expected to drive AMD's top-line higher. Analysts' Views Ahead of AMD's Q2 Results Heading into the Q2 results, Erste Group analyst Stephan Lingnau upgraded AMD stock from Hold to Buy, noting that the company sees further growth in 2025 based on the growing demand for high-performance CPUs and GPUs in data center environments. The analyst expects AMD's operating margin to increase in the medium term and profit growth to accelerate significantly next year. Lingnau expects AMD stock to continue to rise, given the company's 'good growth prospects.' Meanwhile, Citi analyst Christopher Danely increased his price target for AMD stock to $165 from $145, while maintaining a Hold rating. The 5-star analyst expects AMD stock to move higher ahead of the Q2 earnings report, driven by improving sentiment and the company's strong positioning in AI-related growth. That said, Danely is concerned that buy-side expectations for AMD may be too high. Is AMD Stock a Good Buy? Overall, Wall Street has a Moderate Buy consensus rating on Advanced Micro Devices stock based on 26 Buys and 10 Holds. The average AMD stock price target of $145.90 indicates a possible downside of 12.4% from current levels.
Yahoo
2 hours ago
- Yahoo
Scott Bessent Warns TSMC's $40 Billion Arizona Fab May Only Meet 7% Of US Chip Demand — Blames Building Inspectors, Red Tape For Delays
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Treasury Secretary Scott Bessent warned that Taiwan Semiconductor Manufacturing Co.'s (NYSE:TSM) massive Arizona fabrication facility may produce just 7% of America's semiconductor needs, highlighting regulatory obstacles hampering domestic chip production. What Happened: 'TSMC wants to build a gigantic fab system in Arizona, and I think it might be able to produce up to 7% of the chips that the United States needs,' Bessent said during recent remarks on All In Podcast. 'And they're dealing with local building inspectors.' Bessent criticized regulatory hurdles slowing construction of the $40 billion facility. 'Evidently, these chip design plants are moving so quickly, you're constantly calling an audible and you've got someone saying, 'Well, you said the pipe was going to be there, not there. We're shutting you down,'' he explained. Trending: Be part of the breakthrough that could replace plastic as we know it— Why It Matters: TSMC, the world's largest contract chipmaker and key supplier to NVIDIA Corp. (NASDAQ:NVDA) and Apple Inc. (NASDAQ:AAPL), is fast-tracking its Arizona expansion. The company plans to begin production at a second plant by 2027 and expects up to 30% of its advanced 2nm capacity to eventually come from Arizona facilities. CFO Wendell Huang told Bloomberg the company plans cautious spending in 2025 with up to $42 billion in capital expenditures while monitoring macro and foreign exchange risks. Bessent argued that environmental regulations have contributed to deindustrialization. 'We have made the decision to deindustrialize through our environmental regulations,' he stated, adding that making it 'easy to build things again' requires reducing regulatory barriers. TSMC maintains strong upward momentum across short-, medium-, and long-term trends, according to Benzinga's Edge Stock Rankings. While growth signals remain robust, the stock's value rating appears comparatively lower. More detailed performance metrics are available here. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: Jack Hong / This article Scott Bessent Warns TSMC's $40 Billion Arizona Fab May Only Meet 7% Of US Chip Demand — Blames Building Inspectors, Red Tape For Delays originally appeared on