Nvidia Shares Rise and Google Shows Clear Technical
Nvidia Corporation is an American multinational technology company that designs graphics processing units for the gaming and professional markets, as well as system on chip units for the mobile computing and automotive market.
Nvidia has been upgraded by Bank of America based on the expectation that “rising AI adoption, expanding use-cases across cloud, enterprise, edge, telco can help NVDA double its content and triple its data center sales over the next few years.”
Shares of Nvidia increased 2.3% closing 0.21% after Bank of America raised its price target on the stock to $900 per share from $800 per share.
Google is a multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, a search engine, cloud computing, software, and hardware. It is considered one of the big four Internet stocks along with Amazon, Facebook, and Apple.
Google has recently been indicating great signs on its technical indicators. In fact, the relative strength line for Google’s stock is at record highs. The relative strength line helps gauge a stock’s performance relative to the S&P 500.
Google earnings per share is expected to increase 65% in 2021, and another 8% in 2022.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.