I see news items that we have just INKED deals worth $600BILLION with the Saudi's and $1.2Trillion with Qatar. HERE is what I am excited about. Nvidia stock extends gains as Saudi Arabia set to spend billions on AI chips, US moves to rescind Biden's chip curbs https://finance.yahoo.com/news/nvid...s-to-rescind-bidens-chip-curbs-132859592.html (BOLD is my opinion OR what I consider important content) "Nvidia (NVDA) stock jumped 3.7% midday Wednesday, extending its gain from the prior day, when shares rose nearly 6% and the AI chipmaker’s market cap surpassed $3 trillion for the first time since February. The gains come as US chipmakers, including Nvidia, announced billions of dollars' worth of deals with Saudi Arabia during an investment forum attended by President Trump on Tuesday. Nvidia said it will supply several hundred thousand of its AI chips to Saudi Arabia’s AI venture Humain over the next five years, beginning with the sale of one of its latest Grace Blackwell AI supercomputers using 18,000 of its advanced GB300 chips. Humain is a new AI venture owned by Saudi Arabia’s $925 billion Public Investment Fund and chaired by Crown Prince Mohammed bin Salman. It was launched just a day ahead of Trump’s visit to the country. Bank of America (BAC) analysts estimated the total value of the deal at $7 billion and raised its price target on Nvidia stock to $160 from $150 in a note to investors Wednesday morning. Also bolstering Nvidia shares, a report from Bloomberg on Tuesday indicated the Trump administration may cut a deal to allow the United Arab Emirates to purchase "more than a million" of Nvidia's AI chips. Fellow US chipmakers Advanced Micro Devices (AMD) and Qualcomm (QCOM) also unveiled deals to supply chips to Humain for its ambitious AI data center plans over the coming years. AMD’s deal was valued at $10 billion. Bernstein analyst Stacy Rasgon said the news is a good sign of demand for AI hardware. “For investors worried about AI capex sustainability, we now have another deep pocketed customer willing and capable to spend large amounts of money on a clearly strategic push as Saudi Arabia attempts to position itself as a regional and global AI hub,” he wrote in a note to investors early Wednesday. “While we shall see how much of the announced programs actually come to pass, Tuesday’s actions have the potential to act as support against fears of a capex peak.” Investors have scrutinized whether US Big Tech companies can sustain unprecedented levels of spending on AI infrastructure while companies are still figuring out how to fully monetize their AI products. Separately, Super Micro Computer (SMCI), a server maker that uses Nvidia’s AI chips and server designs, announced a $20 billion deal with Saudi Arabian data center company DataVolt. That stock, which closely tracks with Nvidia’s moves, rose 16% on Tuesday and more than 18% midday Wednesday. The news came as Saudi Arabia and President Trump touted a $600 billion deal for the kingdom and companies based there to purchase US technology, weapons, and infrastructure. But so far, the investments unveiled Tuesday total much less than $600 billion. Nvidia stock’s jump on Wednesday helped inch shares closer toward positive territory for 2025 after a rocky several months. Shares were down 3% year to date at Tuesday’s close. The AI chipmaker’s Saudi Arabia deal helped brighten Wall Street’s outlook for the company's sales abroad just after Trump banned exports of its chips for China. However, his administration looked to ease Biden-era restrictions on Nvidia’s exports to the rest of the world (including the Middle East). The Department of Commerce on Tuesday announced that it had initiated the rescission of Biden’s so-called AI diffusion rule, which was meant to halt the smuggling of US AI chips, namely Nvidia’s, to China. The department also said that “using Huawei Ascend chips anywhere in the world violates US export controls.” Huawei’s latest Ascend chips are reportedly competitive with Nvidia’s prior-generation Hopper chips. Bernstein’s Rasgon said, “Huawei chips are not made in the US nor exported from there, and (purportedly at least) are manufactured without using US technology (so it is not clear how customers using them would be in violation of US export restrictions).” “Nevertheless, such an interpretation of the rules would clearly make it more difficult for Huawei to sell Ascend chips to customers outside of China, as well as seemingly open up Chinese users of the parts to more of the US’s regulatory hammers,” he added. “This is probably a positive for NVDA and other US AI names, though it remains to be seen how China might respond.”" MY COMMENT Now if only the ridiculous financial media could stop BAD MOUTHING NVDA at every turn and fear-mongering everything the company does. Probably the greatest company of the past 20 years.....and....they have to fight the media NOISE every day.
COST stock seems to be range bound in the neighborhood of about $1000 over the past months. THEY NEED TO SPLIT THE STOCK. The company is....BOOMING....but the stock is having problems going beyond a little over $1000 in spite of all the good news. GREAT management at COST...but...they need to wake up on this one issue.
Even though the SP500 kind of PETERED OUT today at the close....the NASDAQ and my account gave me a BIG gain again today. I had four stocks in the RED....HD, COST, AMZN, and AAPL.....but still closed at a high for the day today. I also BEAT the SP500 today by 1.77%. NOW.....we move on to PPI day tomorrow at about 8:30AM.
I believe that PLTR hit a new ALL TIME CLOSING HIGH today. Much very positive coverage. Palantir stock makes history as analysts revamp price target https://finance.yahoo.com/news/palantir-stock-makes-history-analysts-160300419.html Palantir Technologies Inc. (PLTR) is Attractive, Based on the “Rule of 40,” Prominent Investor Says https://finance.yahoo.com/news/palantir-technologies-inc-pltr-attractive-134858033.html Is Palantir Technologies (PLTR) the Best High Volume Stock to Buy Now? https://finance.yahoo.com/news/palantir-technologies-pltr-best-high-123541955.html MY COMMENT As a shareholder I love it.....but....there is the PE issue.....which is a big issue. Time will tell if the company is able to grow earnings into the PE and if they can add a massive amount of new business to justify the positive coverage. It is STILL a highly risky stock.....and....NOT FOR EVERYONE....but....I love the momentum and believe that ALL the recent publicity and extreme positivity and bravery of the CEO and management will lead to a HUGE gain of new customers and business. it is refreshing how the management at this company acts and works with confidence and passion.....and seems to be able to back it.
Before jumping on the PLTR bandwagon....you might want to look at the PE portion of this evaluation. PALANTIR TECHNOLOGIES INC-A (PLTR) Stock Fundamental Analysis https://www.chartmill.com/stock/quote/PLTR/fundamental-analysis NOT a stock for those that can not stand RISK.
How did I use 2025 market correction? Not as much as I wanted....the reason was lack of free cash, at least as much as I wanted. Anyhow managed to make a few moves. Added a few Amazon, this was lot number 4 (first was bought in 2020). Doubled my position in french luxury company LVMH (ticker is MC), from Bernard Arnauld. Also initiated a new position in Interactive Brokers, to me one of best (if not the best) broker. I'm their client since 2012, no complaints top service. And the best at the end...my oldest daughter (24 yo), till now only an SPX ETF collector, decided to start buying some stocks! She grabbed a few Amazon, a few Google! Really proud of her!
I have always found this company interesting. Some of the technology related to defense now days is simply wild. We only know a small bit, as far as public info and we might not want to know it all anyway….lol. Yes, a premium price to earnings for sure. It seems ahead of itself quite often, but it just keeps chugging along. No disrespect to any shareholders meant by my comment either.
I wonder if Qatar will ever see this order completed by Boeing. Company wise, it”s a big deal to snag, but can they actually deliver? Do they finish anything anymore without years of delay? Boeing and Qatar Airways on Wednesday announced a deal for the Middle Eastern airline to buy up to 210 jets, notching the U.S. planemaker’s largest-ever order of widebody aircraft. The order — the biggest in Qatar Airways’ history — includes 130 of Boeing’s 787 Dreamliners and 30 of its much-delayed 777-9s, with options for up to 50 more planes, the companies said in a press release.
