Broadcom’s AI Chips Forge Ahead Unlocking Billions in Tech Potential, Analysts Say

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a price target of $1,650. Kumar hosted a meeting with AVGO’s management on Tuesday. He noted AVGO as a premier player in the generative AI computing space. The analyst said the returns for hyperscalers are clear once the company can run its workloads on hardware with greater power efficiency, such as the XPUs that Broadcom provides. However, companies are still hesitant to adopt these … Read more…

Meta’s Strategic AI Investments Enhance Ad Targeting, Boosting Revenue Projections: Analyst

Truist Securities analyst Youssef Squali maintained Meta Platforms Inc (NASDAQ:META) with a Buy and raised the price target from $525 to $550. The analyst raised his first-quarter and fiscal 2024 estimates for META to reflect improving pricing and monetization (particularly Reels) after a couple of years of compression, higher impression volume, and sustained must-buy status within the digital ad ecosystem amid ongoing cookie deprecation and a volatile macro. Meta’s significant investments across its AI initiatives are yielding better ranking … Read more…

Powell Shifts But Does Not Admit He Was Wrong, Opportunity In AI Driven Semiconductor Chip Equipment Maker

To gain an edge, this is what you need to know today. A New Opportunity In AI Ahead Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500. Note the following: The chart shows that the stock market has pulled back after breaking below the trendline. The chart shows the support zone. The chart shows that in spite of the pullback, the … Read more…

The Inflation Puzzle – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) All the indexes lost major ground last Thursday, with the Dow Jones Industrial Average giving up 530 points, or 1.4%. Both the Nasdaq Composite and the S&P 500 were off 1.2% and 1.4%. Friday the ‘bleeding’ stopped as the monthly Jobs Report stroked a turn-around, with the Dow Jones jumping 400 points after being thrashed on Thursday. Friday did finish up, as all three indexes, including the Russell 2000 … Read more…

A Choppy Market – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) April Fools Day kicked off a second quarter, following a blazing January-February-March. Twenty two record setting new highs for the indices, leaving no doubt that the ‘bull’ is alive and rearing its head. After finishing 2023 at a torrid pace 2024 opened and continued strong throughout the first quarter. Monday’s opening was scattered as the Dow Jones Industrial Average drifted lower, while the Nasdaq Composite was a bit higher. … Read more…

Economic Bliss – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) After a sizzling first four days last week, with the indices blazing new records, Friday took a breather, easing back. The Dow Jones Industrial Average and the S&P 500 had nice gains for the week rising 2% and 2.3% respectfully. The Nasdaq Composite surged with the heavy tech index up 2.9% as the magnificent seven and ‘tag-alongs’ were actively strong. As Mike Bailey, director of research at FBB Capital … Read more…

Indexes Set Records – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) For the second week in a row, stocks took a beating with all three indexes dropping…Last weeks CPI (Consumer Price Index) doused investors and traders’ short term outlook with concerns the Fed will react more positively to a rate hike in the short term. Even the University of Michigan sentiment survey report for March showed less optimism, lower than expected from economists. Yields on the 10-year U.S. Treasury edged … Read more…

Top 5 Defense Stocks Poised to Soar in the Months Ahead

With wars actively being waged in several parts of the world right now – and the prospect for additional conflicts looking more and more likely – the global uncertainty stands to have a huge impact on the stock market. In prior decades, the potential for war typically saw an increase in investors looking for larger defense contractors. But given the changes in technology – and how those changes have impacted the way wars are being … Read more…

The Bull Marches On – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Stock prices are floating in the atmosphere… It seems stock splits are out of style, as stocks keep ‘climbing the mountain.’ Once upon a time …in the 70’s, 80’s, and 90’s when a stock reached near $100.00, serious talk of splitting shares was commonplace on the street, and in the boardroom. Stockholders looked forward to splits and receiving more shares, along with more potential of stock appreciation as shares … Read more…

Cryptomania – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) March Opened With the Bulls Marching On…All sectors contributed to an active upward market. Friday finished with all indexes setting record highs after four months of running hot. It was the “16th weekly gain in 18 weeks for the S&P 500.” Even the Russell 2000 index, (The smaller value stock index) followed suit catching ‘fire’ along with the big guys. “Things don’t go up forever. You need some sort … Read more…