Mizuho Raises Price Targets for Semiconductor Stocks
Mizuho raises price targets for semiconductor stocks including Arm Holdings, NVIDIA, Broadcom, and AMD. The firm highlights AI and Custom Silicon landscape, emphasizing significant upside opportunities for ARM. Investors react to the news with varying opinions on Mizuho’s analysis.
Hedge Fund Manager Dan Niles Picks Nvidia, Meta, Microsoft, and Amazon as Top Stock Picks for 2024
Hedge fund manager Dan Niles predicts Nvidia, Meta, Microsoft, and Amazon as top stock picks for 2024, citing their earnings potential and analyst forecast increases. Niles believes the rise of these stocks is not a bubble and points to Meta’s investment in Nvidia’s AI chips as a key factor. Nvidia’s stock popularity among retail investors has also surged, surpassing Tesla’s.
Rumors Swirl Around Potential Release of PlayStation 5 Pro
Rumors of the potential release of the PlayStation 5 Pro are generating excitement among gaming enthusiasts. Speculation about improved graphics, performance, and AI upscaling software has the gaming community abuzz with anticipation for the new console’s capabilities.
Nvidia Worried About Missing Out on Portable Gaming PC Market Dominated by AMD
Nvidia is concerned about missing out on the booming market of portable gaming PCs dominated by AMD, as it powers popular devices like the Steam Deck and Asus ROG Ally. Speculations suggest Nvidia might partner with Intel to create a premium gaming handheld, potentially outperforming other devices in the market.
Baidu’s Strategic Planning Amid Potential GPU Shortages
Baidu’s strategic planning acknowledges potential unavailability of cutting-edge GPUs, but emphasizes confidence in software capabilities to outperform local competitors. CEO Robin Li highlights minimal short-term impact of US chip sanctions and underscores the company’s powerful foundation model and AI chip reserve. Baidu’s proactive approach addresses potential challenges in accessing leading-edge GPUs, emphasizing its commitment to maintaining a competitive edge in the rapidly evolving AI landscape.
Arrowhead Games CEO sparks debate with controversial statement on Nvidia’s DLSS
The CEO of Arrowhead Games sparked a debate by stating that Nvidia’s DLSS is not necessary for Helldivers 2, raising questions about the importance of upscaling technologies in modern gaming. Despite the absence of branded upscaling tools, the game has garnered praise for its engaging co-op experience. With a focus on core gameplay, the CEO’s stance has stirred discussions about the necessity of advanced rendering technologies. While the inclusion of DLSS and FSR in Helldivers 2 remains uncertain, the developer’s focus on compelling content has resonated with the gaming community, highlighting the evolving landscape of gaming and the nuanced considerations in game development and optimization.
AMD Gears Up to Enhance AI Chips to Compete with Nvidia
AMD is preparing to enhance its AI chips to compete with Nvidia by introducing new memory configurations for its Instinct MI300 series. The company is considering utilizing HBM3E for future versions of its products, which could significantly increase memory bandwidth. AMD’s performance numbers indicate strong competition against Nvidia, and the chief technology officer emphasized the competitive nature of the market.
After-Hours Trading Sparks Interest in Nvidia, Etsy, Rivian, and Lucid Group Stocks
After-hours trading saw notable movements in stocks like Nvidia, Etsy, Rivian, and Lucid Group, sparking interest and discussions among investors and analysts. These after-hours developments serve as a reminder of the dynamic nature of the stock market, emphasizing the need for investors to stay informed and vigilant.
Samsung Forms New Semiconductor Development Organization in Silicon Valley for Next-Generation AGI Chips
Samsung forms new semiconductor development organization in Silicon Valley focused on next-generation AGI chips, aiming to stay ahead in the era of AI and capitalize on the upcoming AGI hype. The firm is rapidly progressing in upscaling its semiconductor capabilities and plans to replicate human-like capabilities with AGI semiconductors, potentially playing a pivotal role in the development of AGI technology.
Nvidia and Lucid Motors Stocks Face Challenges as Bullish Bets Reach Crowded Levels
Wall Street is abuzz with comparisons between Nvidia and dot-com-era Cisco. Lucid Motors stock drops as losses mount for the EV startup. Bullish bets on Nvidia and other ‘Magnificent Seven’ members are nearing their most crowded levels, raising concerns among options-market experts about potential problems for the broader market. Market-data firm Spotgamma indicates that risky bullish options tied to the ‘Magnificent Seven’ and other market-leading technology stocks are approaching their most crowded levels in the past year. Derivatives-market experts warn of a potential pullback in the broader equities market, particularly for Big Tech stocks. Nvidia has been the best-performing stock in the S&P 500 so far in 2024, with a 46.7% increase this year following a 238% advance in 2023.