Will AI stocks rock and roll this week?
All eyes will be on the earnings announcement by $NVIDIA Corp(NVDA)$
Nvidia has ignited the AI hype earlier this year when it launches new AI chips to power the growing AI innovations and increasing applications announced by the likes of $Microsoft(MSFT)$
Although AI revenues have not materialised yet as much as the market has anticipated in recent earnings releases by some AI companies such as Microsoft, they have not deterred the companies from pressing ahead with their huge AI investments to differentiate their products and services, as they charge ahead to lead over their competitors in the long run.
Despite a hefty $40,000 price tag, Nvidia's H100 have become the most desirable semiconductor chips by companies and governments to drive their generative AI, and the queue time in order to access the chips have stretched more than 6 months before one could lay his hands on the chips, prompting the chipmaker to raise its revenue outlook by 50% lately.
These have spelled well for the semiconductor industry as a whole, as exploding AI demands are poised to drive the next phase of semiconductor market growth, and the ETF $Semiconductor Bull 3X Shares(SOXL)$
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LONG strategy: when RED, accumulate more to average down, and keep multi-years. Great opportunity to buy more MSFT at these prices, far undervalued. MSFT strong fundamental will rise up sharply soon
The stock market's average return is a cool 10% annually — better than you can find in a bank account or bonds. But many investors fail to earn that 10%, simply because they don't stay invested long enough. They often move in and out of the stock market at the worst possible times, missing out on annual returns.......
There are a few factors that could boost their performance, but there are also some risks to consider.
There is no sure way to predict whether AI stocks will "rock and roll" this week.
It seems a good bet that as AI proliferates Micro will inexorably rise.
Just a bounce really dont expect too much