As chip sector takes it on the chin, traders bet on a big Nvidia rally
Humanoid robots are on display at the booth of U.S. chipmaker Nvidia during the 4th Supply Chain Expo in China.
Johannes Neudecker | Picture Alliance | Getty Images
Is tech’s biggest sleeping giant about to wake up?
Shares of Nvidia fought into the green despite a 5% sell-off in chip stocks tracked by the VanEck Semiconductor ETF (SMH),
» Read more about: As chip sector takes it on the chin, traders bet on a big Nvidia rally »
Read More3 Tech Stocks That Are Screaming Buys as the Indexes Reach Record Highs
In the market, some investors have become hesitant to buy, and that reluctance is understandable. The Shiller cyclically adjusted price-to-earnings (CAPE) ratio is near record highs at 42, and the frothiness of some artificial intelligence (AI) stocks has investors fearing a pullback.
Nonetheless, investors need to remember that they can still find bargains related to AI,
» Read more about: 3 Tech Stocks That Are Screaming Buys as the Indexes Reach Record Highs »
Read MoreDow Jones Top Energy Headlines at 4 PM ET: Crude Jumps As U.S. Revokes Iran Authorization to Sell Oil | U.S. …
Crude Jumps As U.S. Revokes Iran Authorization to Sell Oil
Oil futures were sharply higher as the U.S. revoked Iran’s license to sell oil in response to Iranian attacks on ships in the Strait of Hormuz.
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U.S. Revokes Waiver Allowing Sale of Iranian Oil
Oil prices jumped after the U.S.
Read MoreOil’s $100 Threshold: What It Means for Energy Stocks Now
Quick Read
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Chevron beat Q1 EPS by 46% for the sixth straight quarter, powered by 15% production growth from the Hess acquisition, not $100 crude.
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Exxon trades at $137 and Suncor at $55, while Chevron’s Wall Street consensus target of $217 sits well above its current price.
» Read more about: Oil’s $100 Threshold: What It Means for Energy Stocks Now »
Read MoreWall Street suffers major losses as AI stocks tumble and oil prices jump
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Wall Street experienced a significant downturn on Tuesday, primarily driven by a sharp decline in artificial intelligence (AI) stocks,
» Read more about: Wall Street suffers major losses as AI stocks tumble and oil prices jump »
Read MoreThe Burst
Warren Buffett’s Surprise Move Into the AI Big Leagues
Berkshire Hathaway’s latest 13F filing confirmed it now owns three Mag 7 companies. Apple, Amazon, and now Alphabet collectively give Berkshire a front-row seat to the AI arms race, and Alphabet’s debut in the portfolio was the standout surprise.
The filing showed Berkshire continued trimming Apple, though it still accounts for about 21% of the equity book,
» Read more about: Warren Buffett’s Surprise Move Into the AI Big Leagues »
Read MoreThe Ivy
Why Nvidia Still Looks Like The #1 AI Stock
Nvidia didn’t become the centerpiece of the AI revolution by accident. Its advantage goes well beyond having fast chips. The company spent more than a decade positioning itself as the default computing layer for advanced workloads long before AI became a mainstream investment theme.
Naturally, that raises an uncomfortable question: after a run like this,
» Read more about: Why Nvidia Still Looks Like The #1 AI Stock »
Read MoreThe Spotlight
Why Small-Caps Could Crush Big Tech
Markets were rattled earlier this week after a fresh round of tariff threats reignited tensions between the U.S. and China. For a moment, it looked like the trade war narrative of 2018 was making a comeback. But by midweek, cooler heads prevailed, and stocks came roaring back.
The surprise? Small-cap stocks didn’t just recover,