Down More Than 30% This Year, Could This Struggling Artificial Intelligence Stock Be a Bargain Buy Right Now?
Many artificial intelligence (AI) stocks are trading at sky-high valuations and can look too expensive to buy today. But there’s one AI stock that has recently been struggling, and it could be an attractive buy on weakness.
Shares of Marvell Technology (MRVL 5.21%) are down a whopping 32% since the start of the year after the company’s recent performance and guidance underwhelmed investors and analysts.
Nvidia, Microsoft Stocks Set Fresh All-Time Highs Thursday
Key Takeaways
- Microsoft and Nvidia shares advanced slightly Thursday morning to set fresh all-time highs.
- Nvidia jumped 4% yesterday as CEO Jensen Huang reportedly said at the company’s annual shareholder meeting that AI and robotics represented “a multitrillion-dollar growth opportunity.”
- Microsoft is in a “prime position for the upcoming GenAI innovation cycle,”
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Read MoreInvestors can buy into tomorrow’s top global technology stocks today
Our exchange-traded fund (ETF) seeks to capture the leading 120 technology companies globally. We equally weight eight key subthemes: social media; cloud computing; AI & robotics; cybersecurity; digital entertainment; blockchain; genomics and future cars. It is difficult to time the cycles of various areas of the tech sector,
» Read more about: Investors can buy into tomorrow’s top global technology stocks today »
Read More'Asia's MicroStrategy' Metaplanet Acquires Additional 1,234 Bitcoin As ETFs Extend 12-Day Inflow Streak
Metaplanet MTPLF, the Tokyo-listed investment firm, announced the purchase of an additional 1,234 Bitcoin BTC/USD on Wednesday, bringing its total Bitcoin holdings to 12,345 BTC.
Based on current prices,
29% of Gen Z think the stock market is too intimidating – Here’s how to make it not so scary
The stock market can be a scary place. It can feel like inexperienced investors don’t stand a chance against high-powered traders,
The Burst
Is The Fed Rate Hike A Bear Trap?
The Federal Reserve hiked rates 50 basis points on Wednesday, May 4, the largest increase since the Dot-Com bubble in 2000 burst.
The announcement was accompanied by language that bulls will find distressing at first glance. The Fed claimed it was “highly attentive” to inflation risks, suggesting the Central Bank is now as hawkish as it has been over the past decade.
» Read more about: Is The Fed Rate Hike A Bear Trap? »
Read MoreThe Ivy
Alert: 1 Under the Radar Stock with Massive Upside
Investment Alert: Buy Tecnoglass (TGLS) Under $45/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
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