Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Two of the hottest stocks in the tech sector may have gotten a bit too hot. BMO Capital and Nomura have downgraded NVIDIA Corporation (NASDAQ:NVDA) to Sell and Reduce ratings, respectively.
In the past year, NVIDIA shares are up an incredible 604 percent, but the two firms believe the huge move in NVIDIA is too much, too fast.
Beyond Nvidia
Advanced Micro Devices, Inc. (NASDAQ:AMD) has also been on fire of late, up more than 230 percent in the past 12 months. In a new note this week, Deutsche Bank analyst Ross Seymore urged a cautious approach to the stock as attention shifts to the launch of the Ryzen processor family.
Related Link: The Hottest Stock Of 2016 No Longer A Buy For This Analyst
Based on the Cinebench 17 benchmark, AMD has demonstrated that its new processors outperform comparable products from Intel Corporation (NASDAQ:INTC) by between about 10 and 40 percent.
“AMD’s Ryzen launch has long been anticipated (see stock movement in the last six months) and today's announcement did not disappoint as the company delivered competitive products both on price and performance,” Seymore explained.
“That said, we believe true execution must follow.”
Deutsche Bank is projecting +26 percent year-over-year unit growth for AMD in 2017 compared to -5 percent growth from Intel.
Deutsche Bank maintains a Hold rating and $9 price target for AMD, suggesting a major pullback ahead.
Image Credit: Rico Shen [CC BY-SA 4.0-3.0-2.5-2.0-1.0], via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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