Latest news with #Wedbush
Yahoo
5 hours ago
- Business
- Yahoo
Jim Cramer Says TMC Is a 'Heavily Speculative Stock'
TMC the metals company Inc. (NASDAQ:TMC) is one of the 14 stocks Jim Cramer recently shared insights on. A caller asked for Cramer's opinion of the company. Here's what he had to say in response: 'Okay, heavily speculative stock, and as I said a couple of months ago, I've changed my view on this. If I think that a stock can go up on a headline, I'm no longer going to prevent people from doing, you can be what, you can be that, you can keep that speculative stock. I'm fine.' A tunneling machine underground, deep in the mine to extract the polymetallic nodules. TMC the metals company (NASDAQ:TMC) explores, collects, and processes polymetallic nodules from the seafloor, targeting resources such as nickel, cobalt, copper, and manganese. It holds rights to two contract areas for nodule extraction in the Clarion Clipperton Zone. On June 25, Wedbush upgraded TMC from Neutral to Outperform and raised its price target from $6 to $11. The firm cited 'significantly increased confidence' in the company's long-term growth following an executive order signed by President Trump in late April. The upgrade also reflected recent industry checks focused on expanding domestic critical mineral supply through deep-sea mining. While we acknowledge the potential of TMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 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
Mint
12 hours ago
- Business
- Mint
Nvidia vs Microsoft: Which AI heavyweight will hit $4 trillion first?
The race to become the first $4 trillion company is on. Artificial-intelligence heavyweights Microsoft and Nvidia continue to battle to be the world's most valuable company by market capitalization, after surpassing the $3 trillion milestone last year. Twice this month, Microsoft unseated Nvidia as the most valuable company, but Nvidia regained its title Wednesday. On Thursday, its shares clinched a four-day winning streak and record close of $155.02. That put Nvidia's market value at $3.782 trillion, ahead of Microsoft's $3.697 trillion. Now, it's just a matter of who gets to $4 trillion first. Wedbush analysts say we will find out soon enough. 'We believe both Nvidia and Microsoft will hit the $4 trillion market cap club this summer and then over the next 18 months the focus will be on the $5 trillion club," the analysts wrote in a research note Friday. They characterize Nvidia and Microsoft as the so-called poster children of the AI revolution, which they say 'represents the biggest tech transformation in over 40 years." After all, Nvidia's momentous ascent has been the stuff of dreams for AI fans. Interest in AI reached new heights when ChatGPT launched in late 2022, and Nvidia's powerful graphics processing units emerged as a solution to power the technology. Today, Nvidia is widely regarded as the chip maker of choice for hyperscalers, Microsoft included. Nvidia stands at the forefront, 'as they are the only game in town with their chips the new gold and oil." The company's dominance allows CEO Jensen Huang to have 'the best perch and vantage point to discuss overall enterprise AI demand," the analysts contended. Microsoft's AI story has been equally compelling for bulls. The company once known for the Windows operating system and Microsoft Office suite has rebranded itself into an AI enterprise—if the language in its latest earnings report is any indication. Azure, Microsoft's flagship cloud computing platform, offers a suite of tools that allow developers to build and deploy AI applications. Its footing in the cloud computing space, alongside other hyperscalers like Alphabet, is a key advantage: The need for cloud compute is only expected to grow as the adoption of AI, a power-intensive technology, ramps up. As more AI use cases are identified, the Wedbush team expects Amazon Web Services and Google Cloud Platform to 'acquire AI-capable chips, build AI-capable service offerings, and sell those services into their respective installed bases." Nvidia stock rose 1.3% to $157.11 on Friday. Wedbush maintains an Outperform rating and $175 price target on the shares. Microsoft was flat at $497.67. The firm rates Microsoft at Outperform with a $600 target price. Wedbush Fund Advisers launched the Dan IVES Wedbush AI Revolution ETF earlier this month, which includes Microsoft, Nvidia, and the other Magnificent Seven tech stocks.
Miami Herald
14 hours ago
- Business
- Miami Herald
Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction
In the last six months, AI stocks have been anything but boring. After a few years of massive gains, AI stocks kicked off the year getting slammed as a bubble. Talk of bloated valuations and too much hype had investors wondering if the party was over. Don't miss the move: Subscribe to TheStreet's free daily newsletter Then in April, President Donald Trump's surprise tariffs crashed the market, pulling down the S&P 500 by nearly 19%. AI bellwether stocks like Nvidia (NVDA) and Microsoft (MSFT) tanked, and many felt the AI rally was dead and buried. Yet here we are with the S&P 500 at an all-time high, lifted by a roaring AI comeback driven by chip leaders and cloud giants. Now one of Wall Street's sharpest has AI back at the helm, pointing to two giants ready to win big. Image source:In the AI race, Nvidia and Microsoft play different but critical roles in advancing the industry. Nvidia's ubiquitous AI-ready GPUs are the go-to hardware for training and inference. Its latest Blackwell Ultra chips, for instance, promise 1.5 times the punch of earlier models, rolling out even cheaper versions for China to dodge export curbs and grow its reach. Speaking of reach, Nvidia's data-center accelerators handle a whopping 90% of AI workloads globally. Related: Veteran analyst drops bold new call on Nvidia stock On the software side, CUDA keeps millions of developers hooked on fine-tuning performance. On top of that, its patented tools like TensorRT and NeMo make deploying models simpler, and DGX Cloud brings on-demand AI clusters to the table. Take CoreWeave, one of Wall Street's biggest stories this year, which shows how anything Nvidia touches turns to gold. Backed by a 7% Nvidia stake, Coreweave stock has built monster AI supercomputers and is up 308% from its IPO earlier this year. Hence, with a powerful full-stack approach, Nvidia remains an inseparable partner in building next-gen AI. More Tech Stock News: Circle's stock price surges after stunning CEO commentRobotaxi rivalry heats up as new cities come onlineAnalyst reboots AMD stock price target on chip update Microsoft, by contrast, is all-in on software and services to layer AI across its ecosystem. Front and center is Microsoft's massive multi-billion-dollar OpenAI partnership, weaving ChatGPT into Azure, Teams, and Office 365. Microsoft's robust cloud service in Azure packs prebuilt and custom models and low-code tools. Similarly, Microsoft 365 Copilot amps up Word and Excel, while the Windows Copilot pushes AI deep into daily work. Together, Nvidia's cutting-edge chips and Microsoft's cloud and tools power the entire AI stack, pushing them ahead of their peers. Wedbush thinks Nvidia and Microsoft could touch $4 trillion in market cap this year and ride the AI wave to $5 trillion by next year. This bold call lands as Nvidia just reclaimed the top spot from Microsoft, hitting new highs. As of yesterday's close, Nvidia's market cap stood at $3.78 trillion, while Microsoft sported a $3.7 trillion market cap. Apple's the other tech giant in the $3 trillion club, and it was once the world's most valuable company. Veteran analyst Dan Ives, in his note, wrote, "The poster children for the AI Revolution are led by Nvidia and Microsoft, as both are foundational pieces of building on the biggest tech trend we have seen in our 25 years covering tech stocks on the Street." Related: Veteran Tesla bull drops surprising 3-word verdict on robotaxi ride AI use cases have exploded of late, from cybersecurity and software to chips and robotics. Nvidia CEO Jensen Huang believes robotics will be the next multi-trillion-dollar catalyst after AI. Ives agrees that the ripple effect is huge, that every dollar spent on Nvidia sparks another $8 to $10 across the wider tech world. In crunching the numbers, Microsoft's market cap has slipped 10.8% over the past year, losing about $400 billion. Conversely, Nvidia soared nearly 25%, adding $950 billion from its AI GPU boom. Stretch that to three years, and the gap gets even wider. Microsoft's up a robust 21%, but Nvidia's exploded 472% as it pivoted from gaming chips to the AI driver's seat. Wedbush's $4 trillion call equates to a 5.2% bump from Nvidia's current market cap and an 8.4% jump for Microsoft. Pushing to $5 trillion in 18 months ups the game, with Nvidia potentially rising 31.5% and Microsoft at 35.5%. Related: Tesla fires longtime insider as Europe slump deepens The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
18 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
18 hours ago
- Business
- Yahoo
Microsoft and IBM Hit Record Highs; Analysts See More AI Upside Ahead
Microsoft (MSFT, Financials) and IBM (IBM, Financials) both notched fresh highs Monday; shares of Microsoft rose nearly 2% to $486, while IBM added 3% to close at $289.18. The rally extends a strong yearIBM is up 33% so far; Microsoft has climbed 15%. Warning! GuruFocus has detected 6 Warning Sign with MSFT. Wall Street isn't calling a top yet; Bernstein said Microsoft's partnership with OpenAI could unlock major upside for Azure; Wedbush called the tech giant the AI front-runner. The average price target sits at $531about 9% above current levels. IBM also has momentum; Wedbush lifted its target to $325, citing strength in hybrid cloud and enterprise AI demand. The company recently launched tools to help businesses manage AI agents; it also reaffirmed its ambition to build a fault-tolerant quantum computer by decade's end. Both stocks are riding AI tailwinds; analysts believe the gains aren't done yet. 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
