Latest news with #Ives
Yahoo
20 hours ago
- Business
- Yahoo
Nvidia Stock Is Racing Toward $4 TRILLION. How Should You Play NVDA Here?
Nvidia (NVDA) shares have already printed a new all-time high this week – but a senior Wedbush analyst believes the momentum will only accelerate. According to Dan Ives, unmatched demand for AI chips and continued sovereign investments in artificial intelligence infrastructure could help NVDA become the world's first $4 trillion firm this summer. Dear Nvidia Stock Fans, Watch This Event Today Closely 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Nvidia Could Send This AI Networking Stock 6 Feet Underground Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. At the time of writing, Nvidia stock is up some 80% versus its year-to-date low in early April. Wedbush remains uber bullish on NVDA shares since it sees the chipmaker as 'the foundation of [the] AI revolution.' In his research note, Ives reiterated that artificial intelligence – 'the biggest tech trend' of the 21st century – is still in its early innings only. On Friday, the analyst reiterated his 'Outperform' rating on the AI stock, saying 'they are the only game in town with their chips the new gold and oil.' Wedbush currently has a $175 price target on Nvidia, which indicates potential upside of another 14% from current levels. Nvidia stock remains attractive despite its massive rally since early April mostly because it offers exposure to all verticals of artificial intelligence (hardware and software). That made Jordan Klein, a Mizuho analyst, count NVDA among the 'three horsemen' of the global semiconductor industry (other two being Broadcom (AVGO) and Taiwan Semi (TSM)) in a recent interview with CNBC. Klein recommended sticking with the AI stock as the Nasdaq-listed firm is strongly positioned for 'a big improvement or acceleration in their sequential growth into the back half' of 2025. Nvidia's central role in enabling the AI revolution is keeping the rest of Wall Street constructive on its stock as well. According to Barchart, analysts currently have a consensus 'Strong Buy' rating on NVDA shares with the mean target of nearly $177 indicating potential upside of some 15% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
- Yahoo
Wedbush Sees $5 Trillion in Sight for Nvidia, Microsoft in AI Boom
June 27 - Wedbush Securities sees Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT) joining the $4 trillion market-cap club this summer and potentially topping $5 trillion over the next 18 months, according to a Friday note to clients. Analyst Dan Ives said both companies are poster children of the AI revolution, marking them as foundational drivers in what he calls the biggest tech trend in 25 years. He highlighted that Nvidia reclaimed its position as the world's most valuable firm this week, closing at a $3.78 trillion valuation, while Microsoft stood at about $3.7 trillion. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Apple (NASDAQ:AAPL) remains the only other company above $3 trillion. Ives pointed to explosive AI use cases, cybersecurity, software, semiconductors and autonomous robotics, as key growth themes. He noted Nvidia CEO Jensen Huang has identified robotics as the company's next multitrillion-dollar opportunity after AI. The note also estimated that every $1 spent on Nvidia chips generates an $8$10 multiplier across the broader tech ecosystem. With AI deployments accelerating, Wedbush believes the path to higher market caps is well supported. Investors will watch upcoming earnings and product updates to gauge whether these rivals can meet lofty expectations. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
a day ago
- Business
- Business Insider
The 'TAMPON' trade is a new Big Tech investment idea. How did it perform against ChatGPT's stock-picking abilities?
On Sunday morning, in response to the geopolitical shock of the US bombing Iran, I turned to ChatGPT 's Deep Research tool. I asked it to spend three hours analyzing the situation to come up with five US stock trades that would make money through this Thursday. I did this before Asian markets opened, so the tool had to make predictions about the future with little to no clues from real-time market data. This is a real test of whether AI models and chatbots can generate valuable new insights, or whether they just regurgitate what's already known on the internet. Deep Research produced a well-written report predicting a global "risk-off" reaction that included a drop in US equities, a spike in oil prices, along with a move into safer securities such as US Treasuries, the dollar, and gold. It also gave five specific trades designed to make money from Monday, June 23, through Thursday, June 26: Buy Lockheed Martin (LMT). ChatGPT expected the defense sector to benefit from increased military tensions, leading to higher anticipated defense spending. Buy Exxon Mobil (XOM) or the XLE oil sector ETF. With oil prices likely to spike on concerns about Middle East supply disruptions, ChatGPT advised a long position in energy. Buy gold. Investors typically seek safety in gold during geopolitical crises, so ChatGPT recommended going long on the GLD ETF. Short Delta Air Lines (DAL). Airlines are sensitive to fuel costs and traveler sentiment. ChatGPT flagged Delta as vulnerable due to an expected increase in oil prices and consumer anxiety around flying. Short the S&P 500 via the SPY ETF or futures. As a broader market hedge, it recommended shorting the S&P 500 to profit from the likely risk-off move and overall market decline in the wake of the bombing. Around the same time on Sunday morning, tech analyst Dan Ives emailed investors with his thoughts. He advised clients to buy leading tech and AI stocks. He also inadvertently came up with a new acronym for this suggested group of tech stocks, proposing specifically Tesla, Amazon, Microsoft, Palantir, Oracle, and Nvidia (TAMPON). So, I took Ives's advice as a benchmark on Sunday ahead of the market open. This set the stage for a fascinating AI-versus-human performance showdown. Could ChatGPT's Deep Research recommendations outperform the TAMPON trade? Here are the results, as of the close of trade on Thursday, June 26: Lockheed fell more than 2% in the period. WRONG. Exxon dropped more than 3%. WRONG. The XLE ETF lost over 3%. WRONG. The GLD gold ETF shed about 1%. WRONG. Delta Air Lines rose almost 3%. WRONG. SPY S&P 500 ETF gained more than 2%. WRONG. Ives's TAMPON trade: Tesla climbed about 1%. Amazon gained nearly 4%. Microsoft rallied about 4%. Palantir jumped 5%. Oracle was up about 4%. Nvidia surged nearly 8%. Conclusion: A pretty damning indictment of ChatGPT's predictive abilities.
Time of India
a day ago
- Business
- Time of India
Tech analyst Dan Ives: ‘Microsoft is clearly leading when it comes to.…'
Microsoft is moving ahead of its rivals Amazon and Google in the cloud and hyperscaling sectors, according to Wedbush analyst Dan Ives. Speaking to The Street, Ives said Microsoft is "clearly leading when it comes to hyperscaling and cloud," with its Azure platform playing a key role. Citing strong momentum in artificial intelligence and cloud services, Ives raised his price target for Microsoft's stock to $600. He added that this figure could still be 'conservative.' Growth in AI to reshape Microsoft's value: Dan Ives Currently, only about 20% of Microsoft's business is linked to next-gen cloud and AI technologies. Ives expects this share to increase to 50–60% in the future, which he said could significantly change the company's overall value. While Amazon Web Services (AWS) and Google Cloud are still growing, Ives believes Microsoft's Azure has a clear advantage, helping it outperform its competitors in this space. Microsoft slips to no. 2 as Nvidia becomes world's most valuable company Microsoft was recently dethroned by chipmaker Nvidia that claimed top spot in global market value. Microsoft has a market value of $3.69 trillion, making it the second most valuable company globally, behind Nvidia which has a market cap of $3.77 trillion currently. The company's stock continues to hit record highs amid optimism over its AI and cloud strategy. Apple is at third with a market value of about $3 trillion. Nvidia's rise has been driven by its dominant position in providing chips used in AI systems, including those that power tools like ChatGPT. Its graphics processing units (GPUs) are a key component for training and running large language models. Nvidia CEO Jensen Huang has often emphasized the AI revolution. Speaking during the company's earnings report, Huang said 'The next industrial revolution has begun — companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center — AI factories — to produce a new commodity: artificial intelligence'. How to detect hidden cameras in a hotel room, just with your smartphone AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Insider
a day ago
- Automotive
- Business Insider
‘Safe,' Says Daniel Ives of Tesla Robotaxi Ride, as Mishaps Occur
, Wedbush's top analyst and a long-time Tesla (TSLA) bull, shared his views after taking roughly 15-minute robotaxi rides in Austin. He said, 'The key takeaways are that it was a comfortable, safe, and personalized experience.' The analyst was highly encouraged by the soft-launch and stated that robotaxis exceeded his expectations, offering a seamless travel experience that has 'lit the spark for autonomous driving.' Ives has a Buy rating on TSLA with a Street High price target of $500, implying 52.7% upside potential from current levels. Confident Investing Starts Here: The electric vehicle (EV) company launched its robotaxi service in Austin, Texas, on June 22, and has been ferrying a select group of invite-only customers. Social media posts are flooded with both good and bad feedback, as well as videos of rides. Meanwhile, Tesla stock fell 3.8% yesterday on news of a 27.9% year-over-year decline in its auto sales in Europe and the UK in May. The Most Notable Tesla Robotaxi Errors So Far While some errors are minor, others are rather serious and have not gone unnoticed. The U.S. National Highway Traffic Safety Administration (NHTSA) said it is reviewing the incidents and will take action as required. For now, Tesla is conducting the test robotaxi drives with about 10 to 20 of its Model Y SUVs in a limited, geofenced area. Although all launches come with some hiccups, there is always room for improvement. A robotaxi drove in the wrong lane for about six seconds. Despite turning on the left-turn signal, the robotaxi proceeded straight into the lane meant for oncoming traffic. When a passenger hit the 'drop off early' button, the robotaxi stopped in a busy intersection of a six-lane road. A sudden brake with no obstruction in sight caused the passenger to jerk forward, and belongings were thrown onto the floor of the taxi. A robotaxi suddenly stopped in the middle of the lane while passing police vehicles. Other minor incidents include driving over a curb and failing to identify a reversing truck which was trying to pull into a parking space. CEO Elon Musk has tied the future of Tesla to autonomous driving. He has said that he wants to see thousands of robotaxis on the streets within months, and notably a million by the end of 2026. Even analyst Ives believes that Tesla's autonomous future is worth a trillion dollars alone. With only a few days of living the robotaxi dream, it remains to be seen whether Tesla will be able to live up to those giant-sized expectations. Is Tesla a Good Stock to Buy? On TipRanks, TSLA stock has a Hold consensus rating based on 14 Buys, 12 Holds, and nine Sell ratings. Also, the average Tesla price target of $287 implies 12.4% downside potential from current levels. Year-to-date, TSLA stock has lost nearly 19%.
