Nvidia stock rose more than 2% Monday and was nearing a new buy point from a consolidation as earnings loom on Wednesday. The stock fell on Friday after chip rival Advanced Micro Devices scored a partnership with Microsoft for its artificial intelligence chips amid a shortage of Nvidia's own graphic processing units and high demand for AI processors. Shares rose past an alternate buy point Wednesday from a handle after the Google AI Conference showed different ways in which artificial intelligence will improve search. Read More...
Bank of America Predicts up to ~200% Surge for These 2 ‘Strong Buy’ Stocks
New indicators of a cooling economy eased inflation concerns, driving the S&P 500 to record highs last week. The index, which dropped around 4% in April, is now up 11% for the year. Will this momentum continue? Savita Subramanian, head of US Equity and Quantitative strategy at Bank of America, believes it will. She’s taking an upbeat stance on the current market outlook, and backs it with a look at long-term results from the past 300-plus quarters. “20 were recessionary, 13 were stagflationary,
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