'Nvidia Is Sucking The Oxygen Out Of The Room:' Wealth Manager Says Stocks With 'Good Fundamental Execution' Can Still Decline Because Of AI Stalwart

Tech rally has predominantly fueled the market upside in the current bull run, and a wealth manager said on Saturday that Nvidia Corp. (NASDAQ:NVDA) in particular has drawn investments out of the othe

Benzinga06:17 ET

S&P 500 Index Year-End Target Raised To 5,600 By Goldman Sachs On Strong Tech Earnings And Valuation Expansion

Goldman Sachs Group has revised its year-end target for the S&P 500 Index to 5,600, up from the previous 5,200. The adjustment is attributed to the robust earnings growth of five major U.S. tech compa

Benzinga05:27 ET

Investor Optimism Continues To Wane Despite Nasdaq's Fifth Consecutive Record Close On Friday

The CNN Money Fear and Greed index showed a further decline in the overall market sentiment, while the index remained in the "Fear" zone on Friday.U.S. stocks settled mixed on Friday, with the Nasdaq

Benzinga04:13 ET

Will Nvidia see a buy of billions of dollars with the big ETF rebalancing?

Will Nvidia replace Apple as the second largest holding in the $70 billion giant ETF after the rebalance this week? According to reports last Friday, the largest technology ETF, SPDR Fund (XLK), which tracks technology stocks, will rebalance this week and adjust its equity weight. Currently, Apple and Microsoft account for about 22% of the fund, while Nvidia's weight in the fund is less than 6%. As of last Friday's close, the difference in market capitalization between Microsoft, Apple and Nvidia was all within $100 billion, with Apple's market cap at $3.26 trillion and Nvidia's at $3.24 trillion according to Google Finance data.

wallstreetcn04:03 ET

Nvidia CEO Jensen Huang Urges Graduates To Pursue 'Zero-Billion-Dollar Markets' And Embrace Setbacks In Caltech Speech

Nvidia Corp. CEO Jensen Huang recently delivered a speech at the Caltech graduation ceremony, encouraging graduates to seek out untapped markets and embrace setbacks as opportunities for growth.What H

Benzinga02:08 ET

Wedbush Analyst Dan Ives: 'Tidal Wave Of Copilot And Azure Monetization Now On The Doorstep' For Redmond

Wedbush Securities analyst Dan Ives has raised the price target for Microsoft Corp (NASDAQ:MSFT) from $500 to $550, citing positive AI customer feedback and the increasing monetization of Copilot and

Benzinga22:14 ET