Two North American e-commerce giants, Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP), have been hit by this sentiment shift, with their stock prices down 17% and 64%, respectively, over the last six months. Which is a better buy: Amazon or Shopify stock? Amazon's market cap is hovering around $1.5 trillion, making it the fifth-largest company in the world. Read More...
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Why AMD Stock Rocketed Higher Today
What really may be exciting investors, however, in addition to all the new product announcements, is the fact that investment bank Cowen & Co. apparently just named AMD as one of its top picks in semiconductor stocks. The big news in semiconductors Tuesday, after all, was Cowen’s recommendation of AMD’s larger competitor, Nvidia (NASDAQ: NVDA), which Cowen named a “top pick” in the industry based on projections the company could earn $28 a share in 2030, and book $140 billion in revenues. In February, that analyst raised his target price for AMD stock to $160.
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