The Zacks Internet Software industry is benefiting from accelerated demand for digital transformation and the ongoing shift to the cloud, as well as the rapid evolution of the Metaverse. The high demand for Software as a Service or SaaS-based solutions due to the increasing need for remote working, learning and diagnosis software, as well … Read more
When the stock bonus for Samsung’s July 26 Unpacked event was initially announced at $50, I was blown away. The same $50 pre-order bonus was paid back during the Galaxy S23 pre-stock period, but that was less than half the stock bonuses we saw during last August’s Unpacked launch. And the S23 Series is over … Read more
To the inexperienced investor, Snowflake (NASDAQ: SNOW) could be one of the most expensive stocks on the market right now. However, when you consider its financial trajectory and impressive position in the AI race, it becomes more apparent that Snowflake stock looks cheap relative to its growth prospects. Undoubtedly, AI stocks are all the rage … Read more
Cloudflare Cloudflare NET $1.08 1.6% 10% IBD stock analysis Shares currently consolidating, about 7% below the traditional entry of 72 Usable stock to July 12 high of 69.61, which came before a sell-off Composite Rating is the best possible 99; Relative strength now at 89 Composite rating Industry group ranking Emerging model Consolidation * Data … Read more
Nvidia (NADSAQ:NVDA) continues to climb, with the $1.13 trillion graphics processing unit (GPU) titan adding another 6% to its valuation this week. Undoubtedly, shares of the massive AI winner are still hot, looking for even higher highs. Still, the stock’s valuation is getting harder to justify with each sizable upside move, and I think investors … Read more
What happens when the hype subsides? This is what investors should be wondering about Google’s parent company Alphabet (GOOG 0.70%)(GOOGL 0.71%). There’s no question that the company was caught with its pants down when OpenAI introduced ChatGPT. Microsoftit capitalized, investing billions to bring the large language model (LLM) chatbot to its Bing search engine. Many … Read more
