|Bid||230.32 x 400|
|Ask||230.46 x 600|
|Day's range||227.00 - 231.09|
|52-week range||95.17 - 231.09|
|PE ratio (TTM)||57.51|
|Earnings date||7 Feb 2018 - 12 Feb 2018|
|Forward dividend & yield||0.60 (0.27%)|
|1y target est||212.11|
According to Gartner Research, global spending on information technology (or IT) is estimated to reach a whopping $3.7 trillion in 2018. Global spending on IT in 2017 was $3.5 trillion, which was 3.6% higher than 2016. Spending on IT, however, could be affected by macroeconomic factors such as currency fluctuations and the Brexit.
Will the Market Force Be with Micron in Fiscal 2018? Micron Technology (MU) is a supplier of memory chips, and its customer base largely composed of PCs (personal computer) and data centers. With the advent of the mobile revolution, its customer base has expanded, reducing the cyclicity of the memory market.
The self-driving AI platform, which NVIDIA (NVDA) is developing in partnership with Baidu and ZF, will be used by Chinese car manufacturer, Chery.
Nvidia (NVDA) is the leader in AI (artificial intelligence) technology. The chipmaker’s GPU (graphics processing unit) chips are increasingly becoming critical components of AI systems in cars and data centers. The company’s revenues from its data-center segment came in at $501 million in fiscal 3Q18 (ended October 2017).
Nvidia has already surged more than 15 percent in the new year, and one trader is betting that the chipmaker has even more room to run.
Advanced Micro Devices Inc. shares rose Thursday after one analyst said the chip maker is probably benefiting more from cryptocurrency mining-related sales than it is letting on.
As Chinese bitcoin miners face new crackdown rumors, other countries are looking to draw the industry with the allure of cheap power and supportive regulation
Stocks pared their losses Thursday as Nvidia and Taiwan Semiconductor led chip stocks higher, and Bitcoin rebounded.
Wall Street is already off to a hot start in the New Year, with the Dow surging to new heights and tech giants like Amazon (AMZN) and Nvidia (NVDA) picking up right where they left off. But as tempting as it might be to try to find the next hot tech stock, one of the best places to start searching for 2018's top picks might be where the massive institutional investors put their money.