Tag: NVIDIA Corp

[ad_1] The company logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023.  Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Company Chairman Mark Liu plans to retire in 2024, the company said in a statement Tuesday. “Chairman Dr. Mark Liu has decided not to seek the nomination of TSMC board membership for the next term and will retire from the company after the 2024 annual shareholders meeting,” said TSMC. The board plans to have vice chairman and CEO C.C. Wei succeed ... Read more

[ad_1] This year’s broader market rally isn’t over just yet, according to Citi. “We look for further S & P 500 upside in the year ahead. However, investors need to be prepared for changing conditions as 2024 unfolds,” market strategist Scott Chronert wrote in a Friday note. “Following the strong Q4 2023 rally, pullbacks should be expected, and bought into, as a shifting Fed narrative unfolds.” Citi set a year-end target of 5,100 for the S & P 500, dependent on a $245 earnings per share estimate for the index. Looking ahead, however, the firm lowered its mid-2024 target to ... Read more

[ad_1] Stocks have rallied this year, but there are still opportunities to snag some names that could do well going forward at a discount. The S & P 500 is up 19% in 2023. Last week, the benchmark hit its highest intraday level since July. To be sure, the broad market benchmark is on track to post its first weekly loss in six weeks. The market rally has been led by megacap tech names such as Nvidia and Meta Platforms as investors buy into the artificial intelligence craze. However, the run-up in these stocks — Nvidia and Meta are up ... Read more