These 5 portfolio stocks outran the market in Wall Street's strong week. Here's what fueled their gains

  • 📰 CNBC
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The Club's two chipmakers and its lone automaker were among the top-performing portfolio stocks this week.

In a strong week for Wall Street, a wide-ranging group of Club stocks marched higher, including both of our chipmakers benefiting from the artificial intelligence boom. Here's a breakdown of the Club's top-five performers over the past five sessions.

mountain Broadcom year-to-date performance Shares of Broadcom jumped 9.55% this week, occupying the top spot among portfolio stocks. The company held its artificial intelligence infrastructure event Wednesday, where management announced a third customer for its custom AI chip business. Wall Street analysts speculated that TikTok parent ByteDance is Broadcom's new customer. Alphabet's Google and Meta Platforms are the other two customers, according to JPMorgan analysts.

mountain Nvidia year-to-date performance Nvidia is our fourth-best performing stock this week, as shares climbed 7.35% over the period. The company held its annual GTC developer's conference earlier this week, during which CEO Jensen Huang delivered his anticipated keynote address and announced its next-generation AI chip , among other updates. Based on recent history, it's hardly a surprise Nvidia made it on the top-gainers list.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
La source: ksatnews - 🏆 442. / 53 Lire la suite »

Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers. Japan's Nikkei 225 topped 41,000 for the first time early Friday but then fell back. Chinese property and tech companies weighed on markets in Shanghai and Hong Kong. On Thursday, the S&P 500 rose 0.3% to an all-time high for a third straight day.
La source: AP - 🏆 728. / 51 Lire la suite »

Stock market today: Asian shares rise after Wall Street rallies to recordsAsian benchmarks are mostly higher after U.S. stocks rallied to records following the Federal Reserve's indication that it expects to deliver interest rate cuts later this year. Japan’s benchmark Nikkei 225 jumped 2.0% to finish at a record high Thursday, after the government reported exports grew nearly 8% in February from a year earlier.
La source: AP - 🏆 728. / 51 Lire la suite »

Stock market today: Global shares rise after Wall Street rallies to recordsGlobal benchmarks are mostly higher after U.S. stocks rallied to records following indications from the Federal Reserve that it expects to deliver interest rate cuts later this year.
La source: ksatnews - 🏆 442. / 53 Lire la suite »

Stock market today: Global shares rise after Wall Street rallies to recordsGlobal benchmarks are mostly higher after U.S. stocks rallied to records following indications from the Federal Reserve that it expects to deliver interest rate cuts later this year.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »