Investors are once again piling into the artificial intelligence trade — but those looking for a fast return should think twice. Nvidia stock (NVDA) hit a record intraday high this week ahead of its 10-for-1 stock split while new product announcements have fueled demand for stocks like AMD (AMD), c3.AI (AI), and Super Micro (SMCI).
The technology sector is currently experiencing something of a renaissance as breakthroughs in artificial intelligence (AI) have ignited newfound interest from investors. Among the top AI opportunities are a small cohort of megacap tech companies collectively referred to as the “Magnificent Seven.” Over the last year and a half, semiconductor company Nvidia (NASDAQ: NVDA) has
We recently published a list of 7 lesser-known, under-the-radar AI stocks hedge funds are piling into. Since Deere & Co (NYSE:DE) is part of the list, the stock deserves a deeper look. The AI-led stock rally that rewarded mega-cap technology stocks has finally started to trickle down to other industry players that were seemingly not
Taiwan Semiconductor Manufacturing (NYSE:TSM), the world’s largest chipmaker, recently posted impressive revenue figures for March. Notably, Nvidia (NASDAQ:NVDA), which has gained 242.5% in the past year, relies on TSM for chip manufacturing. However, TSM’s stock performance (up 71.5% over the same period; see the comparison image below) has been relatively subdued. This begs the question: