Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
New GPU's launched by AMD today:
Ryzen PRO 8040 for business laptops plus Ryzen PRO 8000 series for Desktops.
These will add billions of dollars to AMD revenues and bottom line.
To my knowledge AMD is the only serious competitor with NVDA on the GPU market at this point in time. Two upgrades today on AMD agree with this assessment . Target ranges from $200/share to $225/share.
AMD is still a big bargain today anywhere under $180 per share! Do not count any dip anytime soon.
AMD's new GPU's that are coming out this year will compete with the famous GPU's of NVDIA. Analysts are saying today that AMD plans to get 10% to 15% of this GPU market while NVDA will dominate the overall % of this market with their Blackwell line in this AI line of processors.
Do not underestimate the potential for AMD and their newest GPU's.
Biden has already blocked USA semis from selling chips to China, and now China is also blocking chips from USA. Maybe China is replacing the chips with cheese and crackers? If China adds some beans and onions they can create methane gas for better fuel economy? They will figure out that the methane stinks and should forget the whole double blocking idea.
China would rather get Covid-19 and die than buy vaccine from the USA .
AMD is kingpin stock to accelerate the AI frenzy. Likely in the top 5-10 AI related picks. It is called the little sister to NVDA. Currently up $5.38 per share today and has plenty to grow after yesterday's Fed sell-off that was a great buying opportunity. Target is currently over $200 per share.
ALPHABET is buying huge AI data from Social Media Giant for $60 M deal.
News date, just in on March 6, 2024.
March 6 news today should get GOOG going green:
Benzinga
Open AI CEO Sam Altman Set To Make Millions From Reddit's IPO Despite Social Media's Giant $60 Million Deal To Sell AI-data To Competitor, GOOGLE.
GOOGL/GOOG has more AI upside potential than any other stock and is currently super undervalued. Buy and hold this stock. When their Gemini system is corrected this stock will easily outperform most AI related stocks.
Good luck !
They are most likely buying their stock back on this dip. They appear to have created this misstep with Gemini to buyback at a lower price.
I believe Alphabet will be doing their buyback today on the dip. More than likely primarily in the last hour of trading today. Stay tuned as they have claimed to buyback $70 billion in their stock this year.
Is GOOG price per share being manipulated lower today to allow for their planned $70 billion buy back at a lower price ? Hmmmm........
The $70 billion buyback looks like a perfect time today.
Today is an excellent time to activate the planned $70 B company buy back of Alphabet's stock. Turn lemons into lemonade!
Warren Buffett can use a stake in Google. right now . Evaluations are extremely favorable that Buffett likes and is also huge cash cow. This is the low hanging fruit that Berkshire needs.
.
Pershing Square Capital Management hedge fund recommends GOOGL/GOOG as top AI pick going forward. Do not trade this stock , buy it and keep it. It is dirt cheap compared to the other stocks in the Magnificent 7.
What are Motley Fool's 5 Top AI stocks you can buy right now?
The Motley Fool has positions in and recommends in this order: Alphabet, Amazon, Meta Platforms, Nvidia, and The Trade Desk.
The MF also lists Tesla, but I am not fond of the TSLA and EV market hype. There was a reason Musk off loaded billions of dollars in TSLA stock. The more people buy EVs the lower the price of gas will be.
Warren Buffett does not usually pick tech stocks, but Google really fits his basic investing criteria being the best value stock of the Magnificent Seven. Additionally , Google may be be the most lucrative AI beneficiary as Bill Ackman believes for his hedge fund as well as his personal portfolio.
Currently Google appears to be in its final shake out as a result of the juvenile antics in the news yesterday by good old Musk.
Buy the dip TODAY !
Not Nvidia Or Meta: Hedge Fund Titan Bill Ackman Sees Lucrative Opportunity In This 'Magnificent 7' Stock
4:14 am ET February 27, 2024 (Benzinga) Print
Bill Ackman, the founder of Pershing Square Capital Management, has expressed his confidence in Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), the parent company of Google, as a lucrative investment opportunity.
What Happened: Ackman, in a recent conversation with computer scientist and tech YouTuber Lex Fridman last week, shared his positive outlook on Alphabet. When asked about his analysis of the tech giant, Ackman highlighted the company’s strong position in the market, particularly in the field of AI.
"So it's a business we've admired as a firm for, whatever, 15 years, but rarely got to a price that we felt we could own it," he said, adding, "Because again, the expectations were so high and price really matters."
See Also: Bill Ackman Says OpenAI’s Governance Leaves ‘Something To Be Desired,’ Echoing Elon Musk’s Doubts On Non-Profit To For-Profit Transition
Hedge Fund manager Bill Ackman's best AI pick is not NVDA. His best AI pick is GOOGL/GOOG . It is a bargain compared to all other AI stocks.
Ackman has a net worth of over $4 billion . His portfolio has Alphabet as his largest holding comprising over 20% of his portfolio. GOOGL is his favorite of any of the Magnificent Seven stocks.as well as his top AI benefactor.
The current glitch in their graphics processing will be remedied asap just as other missteps have all been corrected in the past. This is not Google's first rodeo. Elon Musk should know this, but it is just another way for him to get the stock at a lower price.
.
I did like wise.
I expect a significant bounce upward in the final 60-30 minutes of the market for GOOGL/GOOG today. RSI is like a compressed spring right now. The stock is currently very oversold following its last earnings release THAT WAS AN ALL TIME RECORD.
The RSI numbers look very oversold due to the temporary glitch in Gemini's AI system. I nearly doubled my position today. This is a temporary problem not a disaster.
Any thoughts here?
Does anyone know whose chip Alphabet is using that has this temporary glitch that requires correction?
An I out of the jailhouse yet? I do not recall anything I ever did that was improper or rude.
Citigroup analysts replaced NVDA as their number one chip stock pick with MRVL because they felt MRVL has more upside potential.
GOOGL has been into AI for 25 years and MRVL has been making AI chips for AI since year 2000. Both companies have a lot of experience and knowledge to compete with NVDA.
Both NVDA & MRVL make custom fab chips. The main difference is MRVL seems to get the cold shoulder.
Slowly heading to $85 per share. Bullish options lately.
The entire option chain and the put/call ratios look very bullish for MRLV.
Current dip is a buying opportunity.
MRVL traded thousands of shares in the early premarket today at prices in the $72.xx range and then with about 1 1/2 hour prior to the opening bell it went from the $72.xx down to $66.93 on ZERO news. Now its approaching the $70.00 area this afternoon with no news to affect it.
If it dives early I am buying more because it usually rebounds (all or part) throughout the regular trading day.
It is affected by the slightest momentum whether it is up or down.
Why is this board ignored every day ? It is like a ghost town. Am I the only one on this site?
I am wondering if any human beings read any posts on this board ? It is nothing like the old "Y" message boards.
DRJ
Crazy day for MRVL. price action .This stock is considered to have more percentage upside than NVDA that is at a current peak by way of its target pricing. . Analysts expect at least a 20% increase from MRVL on a short term basis (before earnings). A 20% upside for NVDA would put it at $840 per share.
Smart money is pouring into Marvel option chain. MRVL is moving nicely and it will not be stopping any time soon. I believe it will do the same thing as AMD is doing.
Citigroup replaces NVDA with MVRL as top AI pick in 2024. Also implying MRVL has more upside than NVDA. Today's action speaks for itself. I am buckling up for the MRVL ride to the upside.
Benzinga on 2-7-24 news just uncovered a large number of of bullish calls options on MRVL implying a potential breakout is likely. Smart money is buying bullish calls at a very high rate anticipating a break out SOON.
MRL chart shows a flag formation on one year chart similar to what SMCI had . SMCI doubled in price in the last 45 days. MRVL could possibly do even better once it breaks out of its flag. Recent options point to a break out soon.
Options chain is pointing to a very bullish picture for MRVL in the next 5-10 weeks. There is an overwhelming number of bullish calls over $72.00 per share. Today (2-7-24) revealed the news analysis of the exact numbers of bullish call options. MRVL may have a new chip to rival NVDA.
Good luck !
SMCI has a beautiful high tight flag formation on its one year and three year charts.
With current pullback due to its public offering of 2M shares last week it makes for a terrific buying opportunity at this time.
There are only two stocks I know of dealing witth AI that are highly recommended to lead to making over a million dollars for investors if you have only a couple hundred shares. The two stocks are NVDA and SMCI. I own a little over 200 shares of SMCI . SMCI has already more than tripled in 2023. SMCI is in a current pullback due to a dilution via a public offering announced last week. The dilution amounts to about 3.8% to 4.0% of the value of the stock and the stock is now down more than double those percentages. NVDA has a P/E of around 65 and SMCI has a P/E of about 24 and is making enormous profits relative to AI.
Good luck !
Brain damaged sellers are selling under public offering price of $2.25 today. Pathetic. DJ