Stocks to Watch for 30 May 23 From A.I. model
Today (30 May 2023) the premarket NASDAQ futures edge higher, reason might be due to Nvidia (NVDA) is still trending higher and have brought A.I. related stocks to rose as well.
The news of a tentative debt ceiling deal agreement have also contributed to stocks in the S&P 500.
I would expect the market to open higher as investors confidence is high as tech stocks rally in premarket and the time to get the debt ceiling raised passed in congress remain positive.
Today, I think today my trading strategy would be into tech, A.I. and active pharmaceuticals stocks.
Result from 26 May 2023.
$Marvell Technology(MRVL)$ have performed well due to the A.I. boom as they are also gearing up their hardware and solution to support the A.I. industry.
Here is the predicted result for today (30 May 23)
We have $C3.ai, Inc.(AI)$ earnings report tomorrow post market, they have rose well in premarket due to the A.I. boom effect from Nvidia (NVDA). I would think they should be in a good position to continue the run into tomorrow.
I would look at target Entry Price to be around $34-$34.30, if it goes below $34 I will check Bear strength , if go above $36 and maintain, AI could be headed above $40.
You may want to look at how $Advanced Micro Devices(AMD)$ would be trading today as well.
Sentiment Analysis of predicted result
Half of the sentiments for these 5 stocks are positive (0 or above). This might explain why there is a nice surge in premarket.
Summary
Do take cautious in trading stocks that has risen on news, this might be a short term surge.
I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).
Appreciate if you could share your thoughts in the comment section how would you be trading today?
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I am of the view the run rate for MRVL is coming fast and will be very meaningful into the end of year and may surprise many to see the share trading high in the triple digits going into 2024.
AMD chips can also be in the AI arena along with their computers, I would guess. I wish AMD would give us more information along those AI improvements.
Nvidia is the Michael Jordan of this industry. AMD is Kobe Bryant or Lebrun James. Not too shabby. It’s going to be fascinating couple of years.
My money manager bought a bunch of MRVL in the three accounts he manages for me a day before earnings. What a call!
哇，英伟达已经发布了他们的人工智能超级计算机。几年后，一旦他们推出第一批产品，这只狗将会在人工智能竞赛中姗姗来迟。到那时，炒作将会消失，经济状况将会糟糕得多，人们显然会知道人工智能更多的是权力和控制的工具，而不是对他们有用的任何东西。现在，情绪恶化和人们习惯不太令人印象深刻的结果只是时间问题。
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Wow