Nvidia Stock Trades At 13% Discount To Long-Term Average, Other AI Stocks At 52% Premium

Published by
Benzinga

Nvidia Corp (NASDAQ:NVDA) traded 13% below its five-year average as of April 9 while nine other artificial intelligence-related stocks were trading above their five-year average. The AI average of all 10 stocks is trading at a 52% premium, according to an analyst note from JPMorgan‘s Samik Chatterjee, citing data from Bloomberg. See below. Table source: JPMorgan analyst note As can be seen in the table above: Super Micro Computer (NASDAQ:SMCI) leads the pack with its stock price trading at a 169% premium to its long-term average.Dell Technologies (NYSE:DELL) follows next at 151% premiumLumentu… Read More “Nvidia Stock Trades At 13% Discount To Long-Term Average, Other AI Stocks At 52% Premium”

Apple In AI Arms Race, Looks To Revamp Lagging Mac Sales: Report

Published by
Benzinga

Apple Inc. (NASDAQ:AAPL) is trading higher on the heels of a new overhaul plan for its sluggish Mac line. What Happened: The laptop and desktop innovator released its first Macs with M3 chips just five months ago. And it’s already gearing up to produce the next generation, according to Bloomberg News. This time, the technology is designed to highlight artificial intelligence. The new chip — the M4 processor — will come in at least three main varieties and be incorporated into every Mac model. The move is part of an effort to boost Mac sales. In the fourth quarter of 2023, sales hovered at arou… Read More “Apple In AI Arms Race, Looks To Revamp Lagging Mac Sales: Report”

Technology Stocks Power the Broader Market Higher

Published by
Barchart

The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.74%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%. Stock indexes Thursday finished mostly higher, with the Nasdaq 100 posting a 1-week high. Strength in technology stocks led the overall market higher Thursday as Apple closed up more than +4% after it said it plans to overhaul its entire Mac computer line with in-house processors designed to highlight artificial intelligence. Also, chip stocks rallied Thursday on speculation that upcoming Q1 earnings results will sh… Read More “Technology Stocks Power the Broader Market Higher”

Technology Stocks Power the Broader Market Higher

Published by
Barchart (UK)

The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.74%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%. Stock indexes Thursday finished mostly higher, with the Nasdaq 100 posting a 1-week high. Strength in technology stocks led the overall market higher Thursday as Apple closed up more than +4% after it said it plans to overhaul its entire Mac computer line with in-house processors designed to highlight artificial intelligence. Also, chip stocks rallied Thursday on speculation that upcoming Q1 earnings results will sh… Read More “Technology Stocks Power the Broader Market Higher”

Technology Stocks Power the Broader Market Higher

Published by
Barchart (CA)

The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.74%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.65%. Stock indexes Thursday finished mostly higher, with the Nasdaq 100 posting a 1-week high. Strength in technology stocks led the overall market higher Thursday as Apple closed up more than +4% after it said it plans to overhaul its entire Mac computer line with in-house processors designed to highlight artificial intelligence. Also, chip stocks rallied Thursday on speculation that upcoming Q1 earnings results will sh… Read More “Technology Stocks Power the Broader Market Higher”

Veritone: Up 188% YTD, Will This AI Stock Continue to Surge?

Published by
Barchart

The rally in artificial intelligence (AI) stocks for the better part of two years has been almost unbelievable at times. But, far from being a fad, AI’s impact is being compared to previous technological revolutions like the internet, and looks set to disrupt numerous industries in the coming years. Projected to reach a market size%20worldwide%20%2D%20statistics%20%26%20facts&text=The%20market%20for%20AI%20technologies%20is%20vast%2C%20amounting%20to%20around,trillion%20U.S.%20dollars%20by%202030.) of $825 billion by 2030, it seems safe to say that AI stocks will continue to find favor among i… Read More “Veritone: Up 188% YTD, Will This AI Stock Continue to Surge?”

Veritone: Up 188% YTD, Will This AI Stock Continue to Surge?

Published by
Barchart (UK)

The rally in artificial intelligence (AI) stocks for the better part of two years has been almost unbelievable at times. But, far from being a fad, AI’s impact is being compared to previous technological revolutions like the internet, and looks set to disrupt numerous industries in the coming years. Projected to reach a market size%20worldwide%20%2D%20statistics%20%26%20facts&text=The%20market%20for%20AI%20technologies%20is%20vast%2C%20amounting%20to%20around,trillion%20U.S.%20dollars%20by%202030.) of $825 billion by 2030, it seems safe to say that AI stocks will continue to find favor among i… Read More “Veritone: Up 188% YTD, Will This AI Stock Continue to Surge?”

Veritone: Up 160% YTD, Will This AI Stock Continue to Surge?

Published by
Barchart

The rally in artificial intelligence (AI) stocks for the better part of two years has been almost unbelievable at times. But, far from being a fad, AI’s impact is being compared to previous technological revolutions like the internet, and looks set to disrupt numerous industries in the coming years. Projected to reach a market size%20worldwide%20%2D%20statistics%20%26%20facts&text=The%20market%20for%20AI%20technologies%20is%20vast%2C%20amounting%20to%20around,trillion%20U.S.%20dollars%20by%202030.) of $825 billion by 2030, it seems safe to say that AI stocks will continue to find favor among i… Read More “Veritone: Up 160% YTD, Will This AI Stock Continue to Surge?”

Veritone: Up 160% YTD, Will This AI Stock Continue to Surge?

Published by
Barchart (CA)

The rally in artificial intelligence (AI) stocks for the better part of two years has been almost unbelievable at times. But, far from being a fad, AI’s impact is being compared to previous technological revolutions like the internet, and looks set to disrupt numerous industries in the coming years. Projected to reach a market size%20worldwide%20%2D%20statistics%20%26%20facts&text=The%20market%20for%20AI%20technologies%20is%20vast%2C%20amounting%20to%20around,trillion%20U.S.%20dollars%20by%202030.) of $825 billion by 2030, it seems safe to say that AI stocks will continue to find favor among i… Read More “Veritone: Up 160% YTD, Will This AI Stock Continue to Surge?”

Veritone: Up 160% YTD, Will This AI Stock Continue to Surge?

Published by
Barchart (UK)

The rally in artificial intelligence (AI) stocks for the better part of two years has been almost unbelievable at times. But, far from being a fad, AI’s impact is being compared to previous technological revolutions like the internet, and looks set to disrupt numerous industries in the coming years. Projected to reach a market size%20worldwide%20%2D%20statistics%20%26%20facts&text=The%20market%20for%20AI%20technologies%20is%20vast%2C%20amounting%20to%20around,trillion%20U.S.%20dollars%20by%202030.) of $825 billion by 2030, it seems safe to say that AI stocks will continue to find favor among i… Read More “Veritone: Up 160% YTD, Will This AI Stock Continue to Surge?”