On Wednesday, Nvidia earned a positive adjustment to its Relative Strength (RS) Rating, from 86 to 91. Should You Invest In Nvidia Stock? While it's not currently an ideal time to invest, see if Nvidia stock is able to establish and enter a buy zone in heavy volume. 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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