AVGO Aug 2024 1510.000 call
- Yahoo Finance Video
Solar industry, AI chip stocks, Fed rate outlook: Market Domination
The final trading hour of the day is here, and it brought Julie Hyman and Josh Lipton to break down the biggest market (^DJI, ^IXIC, ^GSPC) stories and economic themes ahead of Thursday's closing bell. In today's episode of Market Domination, Wedbush senior equity analyst Dan Ives talks chipmaker earnings for this quarter as the AI chip trade recovers from yesterday's selloff. Former Federal Reserve Bank of Kansas City President Thomas Hoenig outlines the Fed's patience in waiting to cut interest rates, reminding officials of historical examples of what could happen if you cut rates too fast. Other top trending tickers on the Yahoo Finance platform include Abbott Laboratories (ABT) after reporting second quarter earnings, Meta Platforms (META) as it seeks to buy a stake in European sunglass maker EssilorLuxottica (EL.PA, ESLOY), Broadcom (AVGO), and Blackstone (BX) on its latest earnings print; Julie Hyman interviewed Blackstone President and COO Jonathan Gray this morning. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Expect 'massive' Q2 earnings for AI chip stocks: Dan Ives
Wedbush is out with a bullish call on Palantir (PLTR), raising its price target to $50 for 2025 amid a heated AI race. Wedbush senior equity analyst Dan Ives joins Market Domination to discuss the call and how other Big Tech players are fairing in the AI race. "The AI revolution's here. And when I look at the next step, the use cases, Palantir, I think, is going to really be the one that's front and center in a lot of these deals," Ives argues, calling the company the "Messi of AI." He points to IP (intellectual property) conversion as a major growth area alongside its commercial and government businesses. He adds, "I don't know how you could have a basket of AI stocks and just dismiss Palantir." Broadening the conversation, Ives expects a "massive tech earnings season" for semiconductors: "There's no denying this AI revolution is probably the biggest tech trend we've seen in the last 40, 50 years." Apple (AAPL) is the latest player to enter the AI game, announcing its plans to integrate OpenAI's large-language model into its platforms. Ives states that despite skeptics, the new AI abilities are leading to rising demand for the iPhone 16. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Barrons.com
Nvidia Stock Slips. What’s Hurting the AI Chip Maker.
The shares have been volatile in recent days as the market gauges potential risks to its supply chain.
