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Atlassian Corporation Plc
ASE Technology Holding Co., Ltd.
Clarivate Analytics Plc
Mellanox Technologies, Ltd.
United Microelectronics Corporation
OneConnect Financial Technology Co., Ltd.
First Solar, Inc.
Bill.com Holdings, Inc.
Pure Storage, Inc.
LG Display Co., Ltd.
Tenable Holdings, Inc.
Ping Identity Holding Corp.
Fastly, provider of an edge cloud platform, today announced the closing of its follow-on public offering.
Increasing demand for cloud content management solutions is likely to reflect on Box's (BOX) fiscal Q1 results.
Anaplan, Inc. (NYSE:PLAN), a pioneer in Connected Planning, today announced financial results for its first quarter ended April 30, 2020.
Pure Storage's (PSTG) fiscal first-quarter results are likely to reflect robust adoption of FlashArray, FlashStack and FlashBlade offerings amid macroeconomic weakness induced by coronavirus crisis.
Microsoft is seeing higher demand for Azure services that provide cloud resources for remote workers, while Palo Alto Networks and Dropbox have seen trial subscriptions jump.
The shares of StoneCo Ltd. (NASDAQ: STNE) surged in the after-hours session on Tuesday, as the Brazilian financial technology company reported earnings for its first quarter ending March.Q1 Earnings StoneCo posted a total revenue of $134 million, up 33% from the $100.2 million reported in the same quarter a year ago.The earnings per share for the quarter stood at 11 cents, slightly lower than the 12 cents EPS posted a year ago.StoneCo said total payment volume increased 42.1% year-on-year to $7 billion, giving investors a cause for optimism.View more earnings on STNEIt further noted that the TPV had increased 52% YoY by mid-March, before being impacted by the novel coronavirus (COVID-19) pandemic.The lockdowns imposed to curb the spread of the virus forced many of its clients to suspend operations, either partially or completely, according to StoneCo.Warren Buffet's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) holds a stake in the fintech company.Price Action StoneCo shares traded 27.3% higher in the after-hours session at $34, after closing the regular session 9.2% higher at $26.70.See more from Benzinga * 'FAANG Stocks Are Strong Once Again,' Facebook, Amazon, Netflix Hit Record Highs Last Week * Goldman Sachs Plans To Expand Cash Management To Europe Despite Coronavirus Impact * Novavax Begins Phase 1 Clinical Trial Of Its Coronavirus Vaccine(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
GEORGE TOWN, Grand Cayman, May 26, 2020 -- StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading provider of financial technology solutions that empower merchants.
You're not imagining things. Computers are getting smarter every day.Artificial intelligence (AI) is a not-so-new technology that involves "smart" computers capable of demonstrating intelligence, usually through solving problems or learning. As the horsepower behind AI improves, the technology is able to perform increasingly complex tasks, from identifying new sales opportunities to steering vehicles. And that technology is driving the best AI stocks to strong outperformance this year, with many equities that either use or help power artificial intelligence boasting double-digit gains against a down market.In fact, you probably use AI every day, whether you realize it or not. Artificial intelligence powers personal assistants such as Alexa, Cortana and Siri. It also guides the search results you plug into your computer or smartphone, and it often helps determine the advertisements you see.It's an incredible investing opportunity, too. AI stocks are gunning after a market poised to grow from $10.1 billion in 2018 to $126 billion in 2025, according to estimates by emerging-technology research and consulting firm Omdia | Tractica.Here, we look at 10 of the best AI stocks to buy for investors in it for the long haul. Each stock has already outperformed considerably year-to-date, and the coronavirus outbreak still might rattle them in the short-term. But each also shows plenty of promise looking out to 2021, 2022 and beyond. SEE ALSO: 20 Best Stocks to Buy Now for the Next Bull Market
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Long gone are the days of NVIDIA (NASDAQ: NVDA) the "video game company." In the graphics processing unit (GPU) pioneer's first quarter of fiscal 2021 (the three months ended April 26, 2020), another segment was nearly as large as video games: data centers. With the long-awaited purchase of Mellanox closing on the first day of Q2, data centers could wind up being the largest reporting segment at NVIDIA from this point forward.
A day after Japan ended its state of emergency, Tokyo residents took to the streets with a mixture of relief and trepidation as they prepared for a "new normal" of living with the coronavirus. Prime Minister Shinzo Abe lifted the state of emergency in the capital and four remaining prefectures on Monday, claiming victory for managing to keep total infections relatively low, at about 16,600 cases. "I want to go out drinking and attend concerts," office worker Daisuke Tominaga told Reuters in Shibuya, one of Tokyo's busiest neighbourhoods.
Amazon has a big-budget game, another in the works, and a secretive cloud gaming service in the making. All of that could prove to be a problem for the industry's old guard.
Anaplan shares have soared roughly 80% since the market's March 23 lows. So is it time to buy PLAN stock with the cloud-based planning software firm set to report its Q1 fiscal 2021 financial results on Tuesday, May 26?
NVIDIA (NASDAQ: NVDA) reported robust fiscal first-quarter 2021 results after the market close on Thursday, May 21. The graphics processing unit (GPU) specialist's revenue jumped 39% year over year to $3.
NVIDIA Corporation (NASDAQ: NVDA) reported strong fiscal year 2021 first-quarter results Thursday after the close, sending the chipmaker's stock higher Friday. The Nvidia Analysts UBS Securities analyst Timothy Arcuri maintained a Buy rating on Nvidia shares and raised the price target from $330 to $400.BofA Securities analyst Vivek Arya reiterated a Buy rating and increased the price target from $360 to $420.Oppenheimer analyst Rick Schafer reiterated an Outperform rating and lifted the price target from $350 to $400.Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and increased the price target from $295 to $400.Wedbush analyst Matthew Bryson maintained an Outperform rating and raised the price target from $340 to $420.Raymond James analyst Chris Caso reiterated a Buy rating and moved up the price target from $330 to $370.RBC Capital Markets analyst Mitch Steves maintained an Outperform rating and $385 price target.Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating and lifted the price target from $340 to $400.Needham analyst Rajvindra Gill maintained a Buy rating and increased the price target from $360 to $400.Nvidia Is a Franchise Holding, UBS Says Nvidia's report delivered solid guidance and framed the new 7nm product cycle against the transformational longer-term opportunity around Mellanox, Arcuri said in a Friday note.The Ampere GPU brings the biggest generational leap in computational horsepower in Nvidia's history, blurring the lines between its training and inference opportunities, the analyst said. UBS still sees Nvidia as a franchise holding, with some headroom as the transformational aspects of Mellanox and the Ampere product cycles take hold.BofAOn Why Nvidia Is Its Top Sector Pick Nvidia's multi-cylinder growth in the wake of EPS growth potential in cloud/AI/networking/5G, synergistic Mellanox/Cumulus acquisitions, disruptive Ampere-based pipeline and best-in-class execution makes it a top sector pick for BofA, Arya said in a Thursday note. The analyst noted that first-quarter sales climbed 39% year-over-year to $3.08 billion, ahead of the consensus, and the second-quarter organic implied sales outlook of $3.15 billion is toward the high end of the consensus.Arya expects year-over-year data center sales growth to accelerate from 80% in the first quarter to 90% in the second quarter as the mix changes to Ampere.BofA also highlighted the company's stellar gross margin execution, which came in at a record 66% despite the start of the transition to new Ampere GPU architecture.See also: Here's How Long It Took Nvidia To Reach A 0B Market Cap Nvidia's Growth, Margin Story Remains, Oppenheimer Says The data center growth was led by growing adoption of AI accelerators for training/inference with T4 (inference) doubling year-over-year, Schafer said in a Friday note. View more earnings on NVDAThe analyst sees COVID-19 as a continuing drag, particularly for Auto and Pro Visualization. The second quarter is likely to be the trough for autos, he said. The Ampere GPU bolsters Nvidia's AI lead, while the Mellanox acquisition expands its data center footprint, Schafer said. "We expect management to introduce Ampere for GeForce in 2H, furthering leadership in high-performance gaming." Oppenheimer sees the growth/margin story as continuing. Nvidia Well-Positioned For Calendar 2020 and Beyond, Mizuho Says The April quarter top-line was driven by strong data center and gaming, which was up 27%, Rakesh said in a Friday note.Nvidia sees continued data center and gaming strength in the second quarter, with a new hybrid training and inferencing platform with Ampere A100 GPU ramping combined with the Mellanox contribution, the analyst said. Mizuho is of the view that continued strong gaming and AI leadership in data center positions NVDA well for 2020 and beyond.Nvidia To Enjoy Outpaced Growth For Foreseeable Future, Wedbush Says Wedbush said a combination of leadership in both AI and gaming silicon will allow Nvidia to enjoy outpaced growth for the foreseeable future, particularly with Ampere positioned to potentially accelerate data center growth by allowing the company to penetrate new markets such as Big Data Analytics and Edge AI, Bryson said in a Friday note. The analyst noted that data center achieved the quarterly run rate of $1 billion, thanks to strong 80% growth, and gaming revenues came in-line. As negatives, he highlighted the higher-than-expected interest expense and the worse-than-expected 40% decline the company forecast.RayJay Favors Nvidia In A Post-COVID World Despite the COVID-19 impact, Nvidia posted strong results and guidance, as gaming proved resilient and the new Ampere product contributed solidly to the data center segment, Caso said in a Thursday note. The analyst said he has high conviction in the strength of NVIDIA's product cycles -- data center followed by gaming in the second half."And those product cycles are more resistant to macro conditions than most anything else in our space, which is why we have and continue to favor the stock in a post-Covid world." Margin Expansion Opportunity Justifies Nvidia's Multiple, RBC Says While the quarter was strong, the guidance was a tad light when adjusted for Mellanox, Steves said in a Thursday note.The analyst presented investor feedback on the results, with some investors suggesting they anticipated better quarter-over-quarter data center growth guidance.Gaming will likely have further upside if work-from-home continues and gross and operating margins have not peaked, helping justify the current multiple, the analyst said, citing investors.Rosenblatt Recommends Nvidia As Accelerated Computing Pure Play Nvidia easily sidestepped COVID-19-related disruption in gaming and is delivering a strong ramp of the new 7nm-based Ampere A100 in data center, which was reflected in the first-quarter beat and the strong second-quarter guidance, Mosesmann said in a Friday note. "We recommend NVDA as a pure-play in accelerated computing that is in the early stages of evolution as AI-based applications broaden from the cloud to the edge and beyond," the analyst said. Needham Bullish On Nvidia As Nvidia further integrates Mellanox, its positioning with enterprise data center customers will improve, as it will be able to provide a complete cloud offering consisting of HPC and networking hardware and software, Gill said in a Friday note. The analyst said he remains bullish on NVDA's positioning in data center, both in training and inference, coupled with its continued dominance in gaming.NVDA Price Action At last check, Nvidia shares were adding 2.24% to $358.88 and have gained about 50% year-to-date. Related Link: Nvidia Analyst Says New, Ampere-Based Data Center GPU Makes Chipmaker 'Unassailable'Photo courtesy of Nvidia. Latest Ratings for NVDA DateFirmActionFromTo May 2020CascendMaintainsBuy May 2020Piper SandlerMaintainsOverweight May 2020UBSMaintainsBuy View More Analyst Ratings for NVDA View the Latest Analyst Ratings See more from Benzinga * Here's How Long It Took Nvidia To Reach A 0B Market Cap * Nvidia Investors Accuse Chipmaker Of Misrepresenting B In Crypto Revenue In Lawsuit * BMO Turns Bullish On Nvidia, Says It's Uniquely Positioned For Computing Shift(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Nvidia expects operating costs to rise to $4.1 billion as it absorbs last year's Mellanox acquisition, with some analysts trimming earnings 2020 earnings forecasts as a result.
Fastly, Inc. (FSLY) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
NVDA earnings call for the period ending April 26, 2020.