Weekly Buzz: Nvidia runs the market this time of year
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Weekly Buzz | Nvidia earnings run the market higher
U.S. stocks closed mostly higher Friday, with the $Dow Jones Industrial Average(.DJI.US$ and $S&P 500 Index(.SPX.US$ setting new all-time highs while the $Nasdaq Composite Index(.IXIC.US$ ended just below what would be a new record finish.
The $S&P 500 Index(.SPX.US$ grew 1.66% this week, followed by the Nasdaq climbing 1.40%, and the Dow Jones climbing 1.30%. The S&P and Dow Jones hit two all-time close records, and the Nasdaq 100 hit a record Thursday, but the Nasdaq index stayed brutally close to its closing record of 16.057 set two years ago.
$NVIDIA(NVDA.US$ continued to set the tone for the broader U.S. stock market on Friday, climbing to $788.17. The chip maker reported quarterly revenue and a sales outlook that beat Wall Street analysts' expectations after the bell on Wednesday. Its blockbuster earnings helped lift semiconductor stocks and shares of companies associated with the artificial intelligence craze worldwide.
Nvidia's surge coincided with the largest increase in market capitalization in the history of corporate America, leaving it as the third most valuable stock in the S&P 500, now ahead of both $Alphabet-C(GOOG.US$ and $Amazon(AMZN.US$.
Let's dive into the weekly buzzing stock list this week:
This week, Nvidia beat out fan favorite Tesla due to the company's exciting earnings report Wednesday night, which led to a stock rally that added $250B to the firm's market cap. Revenue came in at $22B, over the $20.5B expectations set by market analysts, and the AI computing firm pulled in $12B in profit.
@La Diabla ChuChu: As long as Nvidia Provides a quality product which is in high demand, and improves technology, developing new ideas, and providing quality customer support……..I believe its still gonna go up!!!!!
Morgan Stanley analyst and $Tesla(TSLA.US$ bull Adam Jonas on Monday conducted an investor survey to note the overwhelming negative sentiment on the EV giant's shares. The analyst, however, continues to be bullish.
@101884260: it's just disappointing
$Super Micro Computer(SMCI.US$ fell 8% Friday, offsetting a portion of its 32.9% increase from Thursday's session and it's 200% growth this year after Nvidia finally priced in its quarter.
@Newbie AI: get ready for rollercoaster everyone..
Singapore Airlines reported a 4.9% jump in its quarterly net profit on Tuesday, boosted by a strong air travel demand in key markets. The national carrier reported a net profit of S$659 million in the third-quarter ended Dec. 31, compared with S$628 million a year ago.
@grass2023: okay i bought in.
Intuitive Machines shot up 23% Friday after the company's Odysyus lander touched down safely on the South Pole of the moon, NASA Chairman Bill Nelson announced on X. It marks the first successful mission by a private company to land on the lunar surface. Sine the start of the year, the moon shot company experienced a 300%+ climb in its stock price as the mission preparation went underway.
@103268396: Losing steam?
Friday, Wedbush analyst Alicia Reese reiterates AMC with a Neutral and maintains $6 price target.
@MuscMoo: we got some volume here. unusual lunch time.
Wednesday, Arm unveiled two new Neoverse Compute Subsystems on Wednesday that can reduce the time required to develop custom-made data center processors to under a year.
@Teh shit lah: put put cooked
NIO stock is falling after an analyst said to sell, citing a lack of new models and weakness in Chinese car demand. Investors in automotive stocks need to pay attention. Thursday, J.P. Morgan analyst Nick Lai downgraded shares of NIO to the equivalent of Sell from Hold, reducing his target for the stock price to $5 a share from $8.50. "We see downside to consensus volume/revenue estimates," wrote Lai, adding a "lack of new models relative to peers may further weigh on its stock performance."
@CRAEFULGANG: Made good money shorting
After Nvidias earnings, semiconductor, chip, and AI stocks rose. Advanced Micro Devices, widely viewed as offering the one clear alternative to Nvidia's GPUs, was up 11%.
@Fredo paper hands: Cut some puts here holding half still
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Palantir faced a volatile week in the lead up and aftermath of Nvidias earnings. The stock price rose in Wednesday's after-hours session following better-than-expected earnings results from $NVIDIA(NVDA.US$. Palantir reported its quarterly results in early February. The company said it continued to see outsized demand for its AI platform.
@102302993: this doesn’t look like it will go up today..
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Weekly Topic
Now that indexes are following Nvidia upwards again, the premonitions of recession in 2024 have died down. Do you feel like the economy is growing overall, or are eyes focused on a handful of top gainers?
Comment below and share your ideas! We will select up to 15 TOP COMMENTS for a reward next week. Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
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102362254 : Despite recession concerns in 2024, the global economy remains stable. J.P. Morgan Research warns of a small chance of a global recession, potentially affecting growth by mid-2025. Central banks maintain high interest rates to combat inflation. Both U.S. and global economies could slow by late 2024 due to reduced liquidity and political tensions, leading to market volatility. However, top gainers like Nvidia show strong performance, bolstering market confidence. Despite challenges, the economy shows resilience. Despite high interest rates and political tensions, certain regions become more appealing for investors. Monitoring trends and successful companies is important for capitalizing on opportunities and managing risks.
ZnWC : I don't think the economy is growing, not when China is still struggling to contain possible stagnation. Fed is still worried about inflation and delayed cutting interest rate. Currently artificial intelligence like AI chip is making a wow effect in the stock market. There is also a small spark in space industry chain like Intuitive Machine. If SpaceX were to be public listed, the share price may fly to the moon too.
My next bet is on the next generation artificial intelligence (Artificial Generic Intelligence or AGI), Supercomputers (Quantum Computer) and Cellular networks (6G Mobile network). Some applications:
1) Google AI announced that they had achieved quantum supremacy with a 54-qubit machine, performing a computation that is impossible for any classical computer.
2) 6G network, with speeds estimated at 100x faster than 5G, when fully implemented, will usher in things like holographic technology currently developing by Meta Platform.
3) Tesla made Dojo supercomputer to train the machine learning models behind the EV maker’s self-driving systems. The computer takes in data captured by vehicles and processes it rapidly to improve the company’s algorithms.
The above investment is for those taking a long position and not suitable for swing traders and retail investors who don't have holding power or are afraid of volatility.
HuatLady : Recession is a bone of contention for most investors, so by considering about my fiancial plan from the start it helps to ensure a smooth ride throughout my investment journey. As a long-term investor it helps that I buy solid stocks and hold them for long till the market is more favourable.
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Regarding the top gainers like $NVIDIA (NVDA.US)$, their success has a ripple effect on the stock market. The ascend of these Magnificent 7 and AI focussed stocks contribute to the overall market growth
HuatEver : While it is natural to fear recession I am not unduly worried.
My confidence stems from my strategy of capitalising on AI stocks, which I view as a lucrative opportunity amidst economic fluctuations. Rather than succumbing to fear, I embrace the potential for financial gains during market rallies
. The unpredictability of the future underscores the importance of seizing present opportunities, particularly in profiting from TOP performing stocks. Nobody can predict the future, I am happy to ride the waves now. 
mr_cashcow : It definitely feels like the economy is growing at least with all eyes in ai and it's applications
Seeing $NVIDIA (NVDA.US)$ growth definitely dispelled the premonition of a recession as it have proven to bring forward innovative progress in several industry and it's ability to disrupt and improve how things are being done with much more efficiency
小trader : I view the economy as more resilient than actively growing at the moment. While economic data indicates strength, overall growth appears constrained. Currently, much attention is focused on the 'Magnificent 5' stocks, excluding Tesla and Apple. However, there seems to be a shift in fund flows towards small to mid-cap companies. Notably, ETF index IWM has shown significant growth in these companies since December 2023. Therefore, alongside monitoring top gainers, it's worth keeping an eye on quality small to mid-cap firms
102765799 : the performance is encouraging report of what is to come for the industry and share market.. hoping for the best!