Good MorningEquity markets advanced on Wednesday, led by NVIDIA and hope that AI would drive the company to new highs: those hopes were met. The company's Q2 revenue is 33% better than the company's "jaw-dropping" guidance, and guidance was raised again. The takeaway from the report is that data centers and big tech are shifting away from traditional computing into high-speed computing and AI, and NVIDIA is the foundation of AI.
The news sent shares of NVIDIA up more than 5.0% in premarket trading, and the rally should continue. The guidance will lead the analysts to up their targets for the Q3 and FY results and the longer-term outlook. The question for investors is if it's time to go all-in on AI and if that means chasing NVIDIA shares higher. Given the results, it is possible that NVIDIA shares could gain another high-double-digit advance before the end of the year. Featured: Unlock the Potential of 2023's #1 Buy and Hold Stock - Get the Report Today (Darwin) 
|
Markets | | |
You've probably heard the terms "bear market" and "recession" tossed around when people discuss the economy, but what do they mean, and how are they different?
When comparing bear market vs recession, think of a bear market as the big drop on a rollercoaster, while a recession is more like ... Read the Full Story |
|
From Our PartnersOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares... | | | | Get the name of the stock now... before it's too late |
|
Markets | | |
So you're looking for top-rated AI mutual funds to cash in on the current gold rush into artificial intelligence without buying individual stock? After reading, you'll know which funds have a proven track record and might be worth investing in.
Although the brave new world of AI can be inti... Read the Full Story |
|
Stocks | | | Even with this month’s pullback, it’s been a strong 2023 for the Nasdaq-100. The widely followed index is up more than 30% year-to-date and back within striking distance of its November 2021 all-time high. It is a recovery led by mega caps NVIDIA, Meta Platforms and Tesla, which now make... Read the Full Story |
|
From Our PartnersAre you concerned about the uncertain financial times ahead? Do you want to safeguard your wealth and protect your assets from potential economic upheavals? We have great news for you!
By clicking link you are subscribing to The Darwin Investor Network and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.
| | Claim your free copy of "Death Of The Dollar - How |
|
Stocks | | |
Auto parts stocks shifted gears this year, naming new CEOs to the 3 largest players. While O’Reilly Automotive (NASDAQ: ORLY) and Autozone (NYSE: AZO) chose to go the internal route to help ensure a smooth transition, Advance Auto Parts (NYSE: AAP) looked outside the company.
Given the rece... Read the Full Story |
|
Markets | | | Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year, economists for the state announced Wednesday.Annual state general fund income would increase to $13 billion for the fiscal year that runs from Ju... Read the Full Story |
|
From Our PartnersAmazon. It’s one of the most profitable companies on Earth.
Yet, according to Brad Thomas, a multi-millionaire, best-selling author, and former economic advisor to President Trump...
What few people realize is, thanks to a little-known IRS loophole — billions of dollars get paid out each year... | | | | Next payout scheduled to go out on September 10th! |
|
Markets | | | At the height of the post-pandemic economic recovery, Andy Parazette's taco shop enjoyed such a crush of business that customers sometimes had to wait an hour for a burrito. Though Parazette welcomed the sales, the influx was unsustainable. Jackson Hole, Wyoming, was absorbing a flood of visitors as... Read the Full Story |
|
Markets | | | Peloton managed to beat sales expectations during its fiscal fourth quarter, but the exercise equipment maker reported a bigger loss than anticipated partly due to recall costs and a shift in consumer spending Read the Full Story |
|
Markets | | | Kohl’s reported on Wednesday that profits dropped nearly 60% on weak sales in the second quarter, joining a slew of retailers that are wrestling with shoppers’ cautious spending in a challenging economy Read the Full Story |
|
Markets | | | Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases. Shares tumbled more than 33% in morning trading Wednesday. The footwear and clothing retailer said ... Read the Full Story |
|
Markets | | |
Shares of Lowe's Companies Inc. (NYSE: LOW) stock are up over 3% in early trading after the home improvement retailer posted mixed earning results. On the earnings call, management noted that consumers taking on small projects helped offset the macro headwinds, causing them to hold off on larger p... Read the Full Story |
|
Thursday's Early Bird Stock Of The Day Chicken Soup for the Soul Entertainment, Inc. operates as an advertising-supported video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Redbox, Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Popcornflix Comedy, FrightPix, Truli, and Españolflix, as well as Pivotshare, subscription VOD platform. The company also operates Redbox Free Live TV, a free ad-supported streaming television (FAST) service with various channels as well as a transactional video-on-demand (TVOD) service; and a network of kiosks for DVD rentals. In addition, it is involved in the creation, acquisition, and distribution of films and TV series; and licensing of content through theatrical, home video, pay-per-view, free, cable and pay television, and subscription and advertising video-on-demand platforms. The company was founded in 1993 and is headquartered in Cos Cob, Connecticut. Chicken Soup for the Soul Entertainment, Inc. operates as a subsidiary of Chicken Soup for the Soul Productions, LLC. | | View Today's Stock Pick |
|
