Beyond Nvidia: 1 Artificial Intelligence (AI) Stock With More Upside to Buy Now, According to Wall Street

Wall Street sees only modest upside in Nvidia, but analysts are projecting significant gains for Snowflake shareholders.

The S&P 500 (^GSPC -0.04%) has advanced 11% year to date, and Nvidia (NVDA 1.75%) alone is responsible for one-third of those gains. The chipmaker has seen its share price surge 121% since January due to strong demand for data-center compute and networking products, especially those related to artificial intelligence.

However, Wall Street expects Nvidia to lose momentum over the next year. The median 12-month price target of $1,200 per share implies just 6% upside from its current price of $1,137 per share. By comparison, Snowflake (SNOW 1.01%) carries a median 12-month price target of $205 per share, implying 51% upside from its current price of $136 per share.

Is it time to sell Nvidia and buy Snowflake? Here’s what investors should know.

1. Nvidia

Nvidia reported blockbuster financial results in the first quarter of fiscal 2025 (ended April 28). Revenue increased 262% to $26 billion, and non-GAAP net income surged 461% to $6.12 per diluted share. Demand for artificial intelligence (AI) compute and networking products was the driving force behind those stellar numbers, reflected by 427% sales growth in the data-center product category.

Growth will inevitably slow at some point, but Grand View Research estimates that sales across AI hardware, software, and services will compound at 37% annually through 2030. Nvidia is well positioned to benefit due to its technological prowess and broad product portfolio. The company is best known for its graphics processing units (GPUs), but Nvidia actually builds entire AI data centers, and it has recently branched into subscription software and cloud services.

CEO Jensen Huang explained that advantage on the most recent earnings call. “We literally build the entire data center, and we can monitor everything,

Read More

To lead a technology team, immerse yourself in the business first

Goodboy Picture Company/Getty Images

Leading a technology team these days — whether you’re a chief information officer, chief innovation officer, or other IT manager — is no longer a matter of corralling programmers and administrators into a common purpose. Now, CIOs and other tech leaders need to corral the rest of the business into their orbits as well. The question is: Are IT teams still too entangled in managing infrastructure, applications, and related security issues to lead their businesses down new paths?  

Also: 5 ways to prepare for the impact of generative AI on the IT profession

Technology leaders such as CIOs are increasingly tasked with running the business and moving it forward, a recent Deloitte survey of 211 CIOs confirms. Close to half of the respondents, 46%, report their greatest priority this year is shaping, aligning, and delivering a unified tech strategy and vision. 

In addition, they have high visibility, and many roles beyond the CIO are now involved. Nearly two-thirds (63%) say they report directly to the CEO. Transformation and innovation also topped to-do lists of tech heads, at 59%. A majority of tech leaders, 54%, consider themselves to be change agents. Currently, 83% of organizations have either a CIO or chief digital information officer, 52% have a chief technology officer, 31% have a chief information security officer, 30% have a chief data analytics officer, and 22% have a chief technology innovation officer. 

Moving into these technology leadership roles means “not only have a firm grasp of the tech landscape and the capabilities available, but they are becoming fully immersed in the business and market trends, Anjali Shaikh, managing director and CIO program experience director at Deloitte Consulting, told ZDNET. “This ability to be ‘bilingual’ puts tech leaders at a clear advantage within the business because they

Read More

B3’s copilot answers Brazilians’ questions about how to start investing

Brazilians have jumped into investing.

A new wave of individual investors has emerged in the heart of Brazil’s bustling markets, ready to navigate the complex world of finance. The number has rocketed to around five million today from about 600,000 in 2017, according to Brazil’s stock exchange, B3 (for Brasil, Bolsa, Balcão). And those who are 25 to 39 – generally millennials – account for almost half of them.

To help these novice investors, whose balances are mostly too small for professional financial advisers, B3 decided to complement its free online investment education with a conversational AI assistant – also free. 

B3’s copilot doesn’t give stock tips, investment advice or broker recommendations. Instead, it’s a quick, direct way to decipher financial terminology that can sound like a foreign language and deliver answers that have been curated by B3’s experts. It can explain stocks, bonds, and how to find a broker, as well as more complex fincancial instruments.

“There’s a lot of information on the internet, but it’s hard to find the right content,” says Christianne Bariquelli, Superintendent of Education at B3, who speaks of the assistant as a bridge between knowledge and action. “This solution is for Brazilians who already invest but are at the beginning of their journey or people who want to invest but lack the information they need. Some investors need safe sources of information to confirm the offers they are receiving from financiers or the internet. We want our AI assistant to provide them with safe information from the source.”

B3 wanted to empower the surge in new investors by giving them free financial education. “This solution is for Brazilians who already invest but are at the beginning of their journey or people who want to invest but lack the information they need,” says B3 Christianne
Read More

1 High-Growth E-Commerce Stock to Buy Now and Hold Forever

Amazon is one of the best-performing stocks of all time. The e-commerce and technology giant is up over 1,000x since going public by taking advantage of the huge consumer shift from in-person to online shopping (among other things).

It is still a great business, but at a market capitalization of $1.9 trillion it is highly unlikely to replicate the returns of the last couple of decades. This may be disappointing for new investors who have missed the boat on most of Amazon’s gains. But what if I told you investors could own shares in the next Amazon out of East Asia?

Enter Coupang (NYSE: CPNG). The South Korean e-commerce giant is taking its home country by storm and expanding to new markets. Here’s why it could be a once-in-a-generation investment opportunity at today’s price.

The Amazon of South Korea

Founded in 2010 as a Groupon clone, Coupang pivoted to copying Amazon‘s business model but catered to the South Korean market. It has a lot of similarities to Amazon’s retail operations — a subscription membership, vertically integrated shipping, video streaming — as well as things that help it win in the small Asian country. For example, it allows customers to leave reusable return boxes outside their doors to return packages, which are picked up by Coupang drivers.

It is these types of customer value propositions that have elevated Coupang as a leading e-commerce platform in South Korea. Last quarter, it generated $7.1 billion in revenue, up 23% year over year on a foreign currency neutral basis and excluding its acquisition of Farfetch. With the growth of its third-party marketplace for other e-commerce retailers, gross profit is growing much quicker and was up 27% last quarter excluding Farfetch.

These growth rates are much faster than the entire e-commerce market in

Read More

Mining the Northwest: Thunder Bay stakes its claim as a mining supply hub

Labour and skill gaps, suitable land availability are challenges listed in city’s latest mining readiness strategy

Thunder Bay is out to build its brand as a mining supply hub.

Four years after tabling its first Mining Readiness Strategy, the Thunder Bay Community Economic Development Commission (CEDC) revealed the findings from an updated version last month, informed by a survey of industry stakeholders last year.

Northwestern Ontario has always been a precious and base minerals grocery store to the world. Much of the activity surrounding that sector has always flowed, many times sight unseen, through Thunder Bay.

Following the crash of the region’s forestry economy in the mid-2000s, local industrial suppliers and service companies retooled and transferred their skill-set over to the mining and exploration companies.

Seeing the opportunity to diversify the local economy, the CEDC jumped on the bandwagon in opening lines of communication between procurement managers at the mines and the Thunder Bay business community. 

Today, the CEDC remains intent on maximizing and expanding those spinoff benefits by promoting local and Indigenous vendors with the launch of a new mining service and supply directory, listing more than 400 companies along with targeted marketing campaigns, like Join the Boom, promoting Thunder Bay as a regional supply hub.

Jamie Taylor, the commission’s CEO, said her staff has done plenty of outreach and networking to encourage industrial suppliers in Sudbury, Timmins and beyond to consider opening a branch shop in northwestern Ontario.

If a conveyor belt tears at a mining operation, the CEDC gladly points out it’ll take less time to order and hustle a replacement up to the site from a fabricator in Thunder Bay than it is to knit a new one in Sudbury. 

“We’re really trying to stress that,” said Taylor. “A lot of companies need servicing or

Read More

Honeywell Integrates Artificial Intelligence into its Guided Work Solutions to Improve Retailer Performance

Hands-free technology with insights from Honeywell Forge architecture empowers retail associates to increase productivity, reduce errors and create exceptional customer experiences

CHARLOTTE, N.C., June 4, 2024 /PRNewswire/ — Honeywell (Nasdaq: HON) today announced an update to incorporate artificial intelligence (AI) and machine learning into its Guided Work Solutions to help bring greater operational efficiency and better shopper experiences to retailers in today’s competitive landscape. Honeywell Guided Work Solutions’ AI-driven speech technology enables in-store associates to perform tasks like click-and-collect order fulfillment, shelf restocking and returns processing with speed and efficiency. The development of an AI-enhanced solution to streamline retail operations also supports Honeywell’s portfolio alignment to three compelling megatrends: automation, the future of aviation and energy transition.

By combining headset-enabled speech direction with software that offers insights and analytics built on Honeywell Forge architecture, the updated solution walks retail associates through workflows in real-time. Associates simply talk into a hands-free headset and then receive specific directions and confirmation they are selecting the right items. With the integration of AI, the solution can understand employees’ speech in more than 48 different languages, despite variations in tone, dialect and pronunciation.

“The retail landscape has undergone a significant transformation, particularly with trends like buy online, pick up in-store and the advent of highly personalized shopping experiences,” said David Barker, president of Honeywell Productivity Solutions and Services. “As retailers seek ways to improve their operational performance and enhance the customer experience, Guided Work Solutions is the ideal tool to accomplish these goals. It harnesses the strengths of AI technology to empower retail associates to serve in-store customers in a more efficient manner.”

Honeywell Guided Work Solutions helps retailers build a competitive advantage and optimize daily operations by increasing productivity, decreasing training time and cutting

Read More