Tech stocks like Nvidia and Apple have more room to run in June, analysts say

Stocks like Nvidia and Apple have more room to run this summer, according to Wall Street analysts. The tech-heavy Nasdaq Composite increased by 2.4% this week, bringing its 2024 gain to more than 14%. In addition, the S & P 500 finished the week up more than 1.3%.

Pro combed through top Wall Street research to find the must-own tech stocks. They include: Broadcom , Uber, Apple, Datadog and Nvidia. Broadcom Melius Research analyst Ben Reitzes recently launched research coverage of the semiconductor manufacturer with a buy rating. Reitzes called Broadcom a "must-own" AI stock even as competition remains fierce from companies like Nvidia. Broadcom completed its acquisition of VMware in late 2023, which Reitzes says is a long term catalyst.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia topples Apple with $3 trillion market cap; 10-for-1 stock split aheadInvestors keep piling into shares of Nvidia, which hit another fresh record high as the AI chipmaker prepares for its 10-for-1 stock split.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Asian stocks boosted by rate cut bets, tech tracks Nvidia rallyAsian stocks boosted by rate cut bets, tech tracks Nvidia rally
Source: Investingcom - 🏆 450. / 53 Read more »

Tech is the star of the show — Nvidia climbs toward a $3 trillion market capEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Source: CNBC - 🏆 12. / 72 Read more »