NVIDIA Overtakes Apple: ETFs to Tap the Incredible Growth Story
NVIDIA (NVDA) surpasses Apple (AAPL) in terms of market cap and becomes the second-most valuable company in the United States. Its incredible surge is expected to continue.
NVIDIA (NVDA) surpasses Apple (AAPL) in terms of market cap and becomes the second-most valuable company in the United States. Its incredible surge is expected to continue.
As the hype surrounding artificial intelligence continues to captivate markets, investors may seek opportunities beyond the large-cap names that have dominated the spotlight. JPMorgan Asset Management Global Market Strategist Hugh Gimber joins Catalysts to highlight lesser-known AI plays. Gimber acknowledges AI's continued strength but emphasizes that "there is no AI revolution to be had without the infrastructure to support it." He points to the often overlooked "left-behinds" fueling the AI movement as promising investment opportunities. These include data centers, clean power generation, and raw materials, making sectors such as industrials, utilities, and Asian markets well positioned for investors seeking exposure to AI plays. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
The long-term Treasury bond ETF is up nearly 5% in five days.
The ADP National Employment Report showed private payroll growth slowed in May, signaling a cooling labor market ahead of Friday's jobs report. GDS Wealth Management chief investment officer Glen Smith joins Market Domination to discuss the print and what it means for the Federal Reserve's next interest rate decision. "I think the market is softening a bit as evidenced by the ten-year Treasury coming down, so I think there's going to be some opportunities here going forward in terms of volatility," Smith explains. As inflation continues to be a stressor, he recommends investing in equities as "the best opportunity to beat that inflation number." He points to financials and energy as two attractive sectors in which to invest. When it comes to financials, Smith calls JPMorgan Chase (JPM) the "best breed of bank," as the net interest margin is attractive and lending should pick up when rates fall. On the energy side, he highlights Halliburton (HAL) as a great investment opportunity despite its underperformance. He believes that investors should buy the dip as the company has strong financials and currently sits as one of the largest oil service providers in the world. As inflation continues to put pressure on the economy, Smith believes a rate cut could come in September. Until then, he believes "this is a great time to look at your portfolio. Make sure you're diversified. A lot of allocations have kind of gotten out of whack with [the] 'Magnificent Seven,' everything going on. Make sure you're not over-concentrated in any one sector or stock that might be a little bit speculative at this point." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
NVIDIA (NVDA) is making a series of new record highs on the upcoming 10-for-1 stock split, which will make its shares more affordable to a wider range of investors, including the ones who make small trades, and increase liquidity.
Innovative ETF provider recognized for their industry leadership and creativityCHICAGO, June 05, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs, a leading provider of innovative exchange-traded funds, is proud to announce its nominations in four categories at this year's With Intelligence Mutual Fund and ETF Awards. Amplify funds are being recognized in the following categories: ETF Innovation of the Year: Amplify Samsung SOFR ETF (SOF) - the first ETF aimed to deliver the closely-watched Secured Overnig
- While total gold purchases by central banks were similar to those seen in March, sales halted in April, leading to significant net increases in bank reserves, according to Krishan Gopaul, Senior Analyst for Europe, the Middle East, and Africa at the World Gold Council.
-- Gold prices rose in Asian trade on Wednesday, but stuck to a range seen for nearly two weeks amid continued speculation over when the Federal Reserve will begin cutting interest rates.
Funds tracking India and Mexico, big emerging markets with consequential elections, mirror investor concerns.