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Stock Market

Nasdaq notches 6th day of gains as Nvidia, chips lead tech rally

Shares of AI leaders and chipmakers moved higher on Wednesday morning as easing trade tensions and new chip deals with Saudi Arabia lifted hopes for the tech sector. Here's a look at some of the top tickers trending in premarket trading: Super Micro Computer (SMCI) stock soared more than 17% on Wednesday, adding on to Tuesday's 16% gain, after Raymond James initiated coverage with an Outperform rating and $41 price target on shares. Raymond James said the company has “emerged as a market leader in AI-optimized infrastructure,” even as the...
Stock Market

Nasdaq edges higher as Nvidia, AMD lead chip gains

Shares of AI leaders and chipmakers moved higher on Wednesday morning as easing trade tensions and new chip deals with Saudi Arabia lifted hopes for the tech sector. Here's a look at some of the top tickers trending in premarket trading: Super Micro Computer (SMCI) stock soared more than 17% on Wednesday, adding on to Tuesday's 16% gain, after Raymond James initiated coverage with an Outperform rating and $41 price target on shares. Raymond James said the company has “emerged as a market leader in AI-optimized infrastructure,” even as the...
Stock Market

Nvidia Stock Price Decline Isn’t Over: NVDA Down 18% in 7 Days

Nvidia shares fell 8% Monday, deepening a bear market trend that's taken hold since early January.The latest tumble follows concerns over Nvidia's Q4 earnings and profit margin expectations.Reports of Nvidia's AI chips reaching China despite export controls added to investor worries on Monday.Nvidia's stock plunge deepened on Monday, with the stock down as much as 8% in the session to trade at $114.51.Shares of the artificial intelligence GPU maker officially entered a bear market last week, down more than 20% from their intra-day highs reached in early January.The losses have...