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"New king of the stock market" Nvidia (NVDA.US) rise is far from over! Next stop, a market cap of 5 trillion dollars?
Intellifinance learned that Rosenblatt, a well-known investment institution on Wall Street, recently released a heavy research report, the core content of which is that based on Nvidia's CUDA-based software business potential prosperity expectations, even though the AI chip hegemon Nvidia (NVDA.US) stock price rose more than 210% in a year, the stock price of the chip giant will still continue to rise in the next 12 months, and it is expected that Nvidia's stock price will be 50% higher than its current level. This is the opinion of Hans Mosesmann, a chip industry analyst at Rosenblatt, who expressed this view in this research report.
Nvidia plus these two companies equals the "AI Three Knights".
According to Mizuho Securities, Nvidia is the undisputed leader in the AI hardware field, but recently Broadcom and Micron Technology have performed outstandingly, enough to compete with Nvidia and together form the "AI three knights". Over the past seven trading days, Broadcom's stock price has risen by more than 28%, and its market cap has surpassed $800 billion. Meanwhile, Micron Technology's stock price has risen 18% in the past eight trading days, and its market cap has reached $170 billion.
Dow Needs a Makeover. What If We Kick Out These 4 Stocks.
The Dow Jones Industrial Average is up a mere 3% this year because of several laggard stocks. We have new picks to replace them.
Micron Technology Plans Major US Expansion And Eyes Malaysia For HBM Production To Compete With SK Hynix And Samsung: Report
In a bid to compete with South Korean rivals, $Micron Technology(MU.US)$ is planning to expand its high-bandwidth memory chip production in the U.S. significantly and is also considering manufacturing
Nvidia Is One of the 'Three Horsemen of AI.' Here Are the Others
Broadcom and Micron have distinguished themselves enough to earn a place alongside Nvidia as AI leaders, by one analyst's assessment.
10 Information Technology Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
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