![]() ![]() These returns cover a period from Januthrough July 3, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.26% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Listen, or watch, this week’s podcast to find out. What Else do you Need to Know about Blockchain and AI Stocks? However, that’s earnings growth of 78% compared to last year. It doesn’t have a P/E because HIVE is expected to lose $0.34 per share in fiscal 2024. Shares of HIVE are up 268.8% year-to-date but it was a stock under five dollars until recently. It’s a recent addition to Dave’s Blockchain Innovators portfolio. It’s first area of expertise was in cryptocurrency mining but its website now talks up the AI connection. HIVE builds and operates data centers in North America and Europe. Should investors put Advanced Micro Devices on their shortlists?ģ. Advanced Micro Devices has a PEG ratio of 6.6. The Zacks Consensus is calling for a decline in earnings of 19.4% in 2023 but a rebound of 42.5% in 2024. Shares of Advanced Micro Devices are up 70% year-to-date. Dave has owned it in the Blockchain Innovators portfolio since 2018. ( AMD Quick Quote AMD - Free Report)Īdvanced Micro Devices has been a blockchain stock for many years. If you’re not in NVIDIA, should you get in now?Ģ. The Zacks consensus for Fiscal 2024 is calling for earnings growth of 133.2% and another 38% in Fiscal 2025. Valuations have exploded higher, as NVIDIA now trades with a forward P/E of 58.7. Shares of NVIDIA are up 212% year-to-date and are trading at new all-time highs. Dave has owned NVIDIA in the Blockchain Innovators portfolio since 2019. NVIDIA is now the king of AI, but prior to that it was also known for its blockchain expertise. NVIDIA ( NVDA Quick Quote NVDA - Free Report) Should investors be looking to blockchain in order to find AI stocks?ġ. Are they related? Or is it just a coincidence that some of the blockchain stocks rise when AI is in the news? This week, Tracey is joined by Dave Bartosiak, the editor of Zacks Blockchain Innovators portfolio, to discuss the relationship between blockchain stocks and AI stocks. to Episode #367 of the Zacks Market Edge Podcast.Įvery week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.(21:25) - Episode Roundup: NVDA, AMD, HIVE, SCHW, MSFT, GOOGL.(18:30) - Is It Too Late To Invest Into Nvidia Right Now?.(14:15) - Will The Large Cap Companies Continue To Dominate With The New Wave In Technology?.
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