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NVIDIA drove the NASDAQ indexes, semiconductors in focus the Week starting 29 May

The Nasdaq indexes are set to remain the focus 

The U.S stock markets witnessed several key events during the week ending on May 26, 2023. Stock indexes Friday closed the week higher. The Nasdaq Indexes were strong with the Nasdaq 100 up 3.0% and arriving at a 13-1/2 month high. Nvidia and the other semiconductor stocks drove the rally, more on this later.
 
The S&P 500 closed the week up 1.13%. At the end of the week the gains in stocks were cemented regarding the debt ceiling talks. Negotiators appear to be moving closer to an agreement to raise the U.S. debt ceiling and cap federal spending for two years.
 
These events had a significant impact on ‌stock prices, in particular Nvidia. and investors were keenly following the developments to make informed investment decisions. In this article, we will discuss the major events that occurred in the U.S stock markets during the week and their implications for investors.
 
 

The week ahead

Let’s take a look at the week ahead, will the stock markets open on a positive note? As the U.S stock markets open on Monday, they could be pushed higher on positive economic data. Tuesday last week, there was release of the Federal Reserve’s minutes from the May meeting. I would like to close continued discussion on the rate cycle. This is not the story, nor is a possible recession. As we saw last week the stock market can be impacted on a daily basis by economic data.
 
nasdaq index

The U.S. debt ceiling crisis must be resolved. If it is resolved then the tech sector will likely to be center stage, following on from last week. Nvidia (NVDA) recorded the single biggest one-day market cap rise in the history of the stock markets. What a feat! The post-earnings surge in share price of more than 25% added over $300 billion in market cap. Other stocks also benefited, such as AMD. It is likely the debate on Nvidia to ratchet up following the AI-inspired rally.

The May jobs report, which will be released on June 2, will be the week’s key economic news. The monthly payroll increases are expected to fall to 180K from 253K in April. The unemployment rate is projected to inch up to 3.5% from 3.4%. The labor market continues to be strong and is not impacting the trend toward deflation or the slowing of wage growth.

nasdaq index

semiconductor stocks: NVDA, AMD

The semiconductor industry came to the center of the stage and the Nasdaq Indexes both benefited. AI is here as a service and real as a business and semiconductor stocks are set to benefit. Let’s take a quick look at the semiconductor industry. There are various crucial areas in which a successful company must dominate. A successful company will dominate the design, manufacture, and selling of semiconductor chips.

Three semiconductor stocks to follow, click HERE.
 

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AI is here as a service and real as a business and semiconductor stocks are set to benefit. Let’s take a quick look at the semiconductor industry. There are various crucial areas in which a successful company must dominate. A successful company will dominate the design, manufacture, and selling of semiconductor chips.

nasdaq index

AI is here and the numbers are real

The key event from last week, the numbers behind the rise of AI started to become clear. For years it has been clear that the main semiconductor stocks and the sector are key to the global economy. We all have computers and mobile phones. But it is very likely that last week we witnessed the first signs of a semiconductor super cycle. A super cycle in AI could last for 10 years. Enter the two main stocks that outperformed the Nasdaq 100 last week, Nvidia and AMD.
 

NVIDIA (NDVA) 

Nvidia is known as a graphics processor manufacturer. Used in the production of videos, the growth in YouTube and the mining of cryptocurrencies. Certainly, NVDA has a focus on chip creation and production. But, NVDA has evolved into an AI supercomputing firm.
 
NVDA currently has a significant degree of control over ‌AI infrastructure requirements. NDVA has made business-savvy investments. The management at Nvidia has been ahead of the game, sharp. The emphasis has been on techniques that will allow NDVA to dominate the AI business. As a result, NVDA’s strategy and software-centric approach NVDA is the market leader.
 
 
After the recent announcements NVDA’s stock ‌is currently trading on a PE ratio of 63.20X. This is set to be reviewed by the equity analysts, the revenue figure for NVDA is being upgraded. The stock has a price-to-book (PB) ratio of 17.12X, a price-to-sale (PS) ratio of 13.46X. The stock’s a ROA is 15.83%, and the ROE is 28.57%. The company’s profit margin is 20.60%, its EBITDA margin is 26.10%.
 

Advanced Micro Devices (AMD)

 
AMD is a leading semiconductor company. The focuses at AMD has been on the design of microprocessors and graphics cards. This is the primary area of expertise. They offer processors in the consumer products, the PS market and corporate sectors.
 
The chip designs produced by AMD are well-known for their great performance. AMD markets their chips at a relatively inexpensive cost. They have amassed a large part of the market share in recent years.
 
 
AMD IS currently trading on a PE ratio of 63.20X. In the wake of the Nvidia announcement, AMD should benefit. The stock has a price-to-book (PB) ratio of 17.12X, a price-to-sale (PS) ratio of 13.46X.
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The charts used in this Blog Post are from Barchart. Barchart is a financial data and technology company that provides financial market data, news, analysis, and trading solutions. The website is designed for individual traders and investors, as well as institutional clients, including banks, brokers, and hedge funds.

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NVIDIA drove the NASDAQ indexes, semiconductors in focus the Week starting 29 May

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Warren William

Meet the author behind Smartest-Data. Warren William has a career in Finance and Investments extending over 35 years, both on the Buy Side and Sell Side. His most recent roles include, developing Institutional Risk Management Programs for managing Equity and Fixed Income Risk.  Prior to this Warren William work in Alternative Investments, in Investment Management and as a Buy Side Equity Analyst. Warren William brings a wealth of knowledge and expertise to the table, providing in-depth analysis and commentary on the latest trends in the Stock Markets. Contact information: wwBLOG@smartest-data.blog or Telegram +393339034488

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