|Bid||227.95 x 200|
|Ask||228.46 x 400|
|Day's Range||227.45 - 232.10|
|52 Week Range||102.11 - 254.50|
|PE Ratio (TTM)||47.45|
|Earnings Date||May 7, 2018 - May 11, 2018|
|Forward Dividend & Yield||0.60 (0.26%)|
|1y Target Est||249.58|
Is "sell in May and go away" a reliable rule for how to invest in stocks? Amazon, Nvidia, Adobe and the general market have shown why that old maxim is speculation, not strategy.
Earlier this week Alibaba said will make its own chip available for access through its cloud. Google has developed chips for AI, and Facebook has a nascent chip effort. Chinese retailer and cloud infrastructure provider Alibaba BABA is the latest company to think up its own design for processors that can run artificial intelligence software.
For some years now, there has been a tension between the world’s largest tech companies—Alphabet, Amazon.com, Facebook, Apple, Microsoft, Baidu, and Alibaba Group Holding—and the chip companies they rely on, especially Intel and Nvidia. While the giants buy massive quantities of Intel’s (INTC) microprocessors, and Nvidia’s (NVDA) graphics chips, or GPUs, to power their data centers, they are also in an arms race to have the best artificial-intelligence-based machine-learning functions. Because of this, there was always the possibility the giants might decide to buy fewer off-the-shelf parts and make their own custom chips to get an edge on one another.
The markets hate uncertainty, and there is more than enough of that to go around right now. But while near-term prospects might look hazy, traders can always take the long view and look towards the industry ...
In the April Action Alerts PLUS members' call, Jim Cramer talked about why it's bad that Nvidia is now tied to cryptocurrencies. Watch now.
Key stock market index funds dropped Thursday as Apple and Intel offset a big gain from American Express on the Dow Jones industrial average.
The interest rate watch is on, as are concerns that inflation could gain steam sooner than expected. "Yep, it's race to be the first trillion dollar company and the handicapping shows an insanely close race," writes TheStreet's Jim Cramer.
The next week will be crucial for one of the most important market sectors - Tech. Big earnings on the way from Amazon, Alphabet, and Microsoft - but lets start with Netflix. Shares popping THIS week as earnings and subscriber numbers top estimates.