$87.87 -1.10 (-1.24%) (As of 02:12 PM ET) 52-Week Range $85.08 ▼ $156.98 P/E Ratio 11.76 Price Target $156.64 Chinese technology stocks have been taking a tumble in 2024. A combination of geopolitical and trade tensions, macroeconomic uncertainty, and growth slowdown have been negative drivers that have caused investors to rethink the potential of these companies….
As investors prepare for the second half of the year, one question is whether they should take NVIDIA Corp. NASDAQ: NVDA or the field. In this case, the field refers to other stocks that make up the group known as the Magnificent 7. These stocks moved (relatively) in tandem for most of 2023. However, in…
Artificial intelligence (AI) data cloud provider Snowflake Inc. NYSE: SNOW has had a series of misfortunate events, ranging from an earnings miss to data breaches, that caused its stock to tumble to 52-week lows at $122.60 on June 25, 2024. However, the shares have been able to rally for four consecutive days following the low…
Enovix NASDAQ: ENVX stock surged 35% in a single day, and it looks like the rally has legs and room to run. The technical signal is strong, and fundamental factors are in play. Those factors include a new deal to supply batteries for a virtual reality headset that points to a new reality for ENVX…