![]() Upstart is a leading artificial intelligence (AI) lending platform that is designed to improve access to affordable credit. With that in mind, here is a list of top tech stocks to consider buying today. Add resilience to the amazing innovation that the sector has shown, this could present an opportunity for investors to buy tech stocks today. With that, gamers can now enjoy playing their favorite games at 4K resolution. Its latest iteration of graphic cards provides game-changing computing power that users could only dream of a mere decade ago. Take graphics processing unit (GPU) leader Nvidia ( NASDAQ: NVDA). It also gives incentive to the industry to continue to innovate and also further refine their products and services. This could fuel demand in the long run for tech. Just a mere twenty years ago, you would not have imagined that video teleconferencing would be the norm to communicate for work or with family. Furthermore, the best part of tech is that it will only continue to get better. Be it surfing the web, learning, or making digital payments, these activities are elevated by the technology that we have. We use the latest tech products from companies like Apple ( NASDAQ: AAPL) and Google ( NASDAQ: GOOGL). Today, we do everything with the help of tech. However, one thing that has become evident in the last few months is the fact that tech has become a core part of everyone’s lives. This comes as bond yields continue to rise which drives financials higher. hitting the high note on everything and that seems like a terribly precarious place to be given the risks out there.4 Trending Tech Stocks To Watch In The Stock Market TodayĪfter having a smooth sailing year in the stock market last year, tech stocks are seeing some turbulence. "We really have to be ready to see if we don't get a perfect debt ceiling, if we don't get a perfect landing, what does that mean, because at these kinds of levels we are definitely pricing in the U.S. "You're either AI or you're not right now," McCartney said. will likely have enough reserves to push off a potential debt default until June 5.Īlli McCartney, managing director at UBS Private Wealth Management, told CNBC's "Squawk on the Street" on Friday that following the recent rebound in tech stocks, "it's probably time to take some of that off the table." She said her group has spent a lot of time looking at the venture market and where deals are happening, and they've noticed some clear froth. Treasury Secretary Janet Yellen said later on Friday that the U.S. Garret Graves of Louisiana told reporters Friday afternoon in the Capitol that, "We continue to have major issues that we have not bridged the gap on." The divided Congress is making a debt ceiling deal difficult as the Treasury Department's June 1 deadline approaches. Republican negotiator Rep. Still, some investors are concerned that the tech rally has gone too far given the vulnerabilities that remain in the economy and in government. Less aggressive monetary policy is seen as a bullish sign for tech and other riskier assets, which typically outperform in a more stable rate environment. But at the last Fed meeting, some members indicated that they expected a slowdown in economic growth to remove the need for further tightening, according to minutes released on Wednesday. The increases have continued into 2023, with the fed funds target range climbing to 5%-5.25% in early May. One of the biggest drags on tech stocks last year was the central bank's consistent interest rate hikes. Alphabet rose 1.5% this week, bringing its increase for the year to 41%. Meta gained 6.7% for the week and has more than doubled in 2023 after losing almost two-thirds of its value last year. Microsoft, which Bracelin recommends buying, rose 4.6% this week and is now up 39% for the year. "And I think that's going to continue to be the best way to play the AI trends." "The consensus is, on AI, the big get bigger," Bracelin said. "At this point in the cycle, I think it's really important to not fight consensus," said Brent Bracelin, an analyst at Piper Sandler who covers cloud and software companies, in a Friday interview on CNBC's "Squawk on the Street." ![]() Nvidia said cloud vendors and internet companies are buying up GPU chips and using the processors to train and deploy generative AI applications like ChatGPT. But the company's sales forecast for the current quarter was roughly 50% higher than Wall Street estimates, and CEO Jensen Huang said Nvidia is seeing "surging demand" for its data center products. ![]() The story for Nvidia is based on what's coming, as its revenue in the latest quarter fell 13% from a year earlier because of a 38% drop in the gaming division. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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