No Micro Gains Here…
Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures rose on Thursday after the tech sector contributed to record highs for the Nasdaq and the S&P 500. The most notable tech mover was Nvidia (NVDA), as the chipmaker became the most valuable company in the world earlier this week. Overall, Nvidia is set to add another $130 billion or so to its market capitalization and has gained 174% so far this year.
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Here’s a look at the top-moving stocks this morning.
Super Micro Computer (Nasdaq: SMCI)
Super Micro Computer is up 3.42% in premarket trading after the company reported three new manufacturing facilities to meet new demand. Amid the artificial intelligence boom, SMCI has racked up gains of 197% in 2024.
Tech stocks and AI companies and have been at the forefront of a fast-emerging technology, and Oxford Club Chief Investment Strategist Alexander Green just released his “Magnificent Seven Tech Stocks.” Green believes an investment in these 7 stocks could make you a millionaire in less than six years.
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Dell Technologies Inc. (NYSE: DELL)
Dell Technologies is up 3.31% in premarket trading after receiving positive coverage from Morgan Stanley. According to a recent research note, Morgan Stanley analyst Erik Woodring said that he expects Dell stock to continue posting strong performance this year thanks to demand stemming from the rise of artificial intelligence.
I know we beat the drum hard on AI, but there are tremendous buying opportunities in this sector, which is why our Lead Technical Tactician Nate Bear focuses on tech companies in Daily Profits Live. Earlier this week Nate closed a 37.58% winner on Crowdstrike (CRWD) in less than 1 trading day.
Accenture PLC (NYSE: ACN)
Accenture is up 6.19% in premarket trading after its latest earnings report. The IT company reported fiscal third-quarter earnings of $3.13 a share, which was 3 cents below analysts’ estimates. It also reduced its expectations for fiscal-year adjusted earnings but said it expects revenue to increase 1.5% to 2.5% in local currency.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team
