Latest news with #JoeTerranova
Yahoo
3 days ago
- Business
- Yahoo
Well-Known Investor Is Bullish on Broadcom (AVGO) Stock
Joe Terranova, who frequently appears on CNBC, confirmed on the network recently that he has a Buy rating on Broadcom (AVGO) stock. Terranova is a Senior Managing Director and the Chief Market Strategist for Virtus Investment Partners. A technician working at a magnified microscope, developing a new integrated circuit. Why Terranova Is Bullish on AVGO AVGO's acquisition of VMware has turned out to be "an excellent" move after there was "maybe some skepticism" on the Street about it, Terranova said. Further, the investor believes that AVGO "might surprise (its) shareholders by accelerating (its share) buyback program," he stated. Some on the Street believe that AVGO will refrain from making the latter move because it wants to preserve its capital for acquisitions, Terranova explained. Finally, the investor is bullish on the tech giant's processors and its networks. The Recent Price Action of AVGO Stock In the last month, the shares have jumped 24%, while they have climbed 12.5% in the last three months. While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
CNBC
6 days ago
- Business
- CNBC
Trade Tracker: Joe Terranova sells Alibaba and Sarat Sethi sells Charter Communications
Joe Terranova and Sarat Sethi join CNBC's "Halftime Report" to detail their latest portfolio moves.
Yahoo
24-05-2025
- Business
- Yahoo
Prominent Investor 'Wouldn't Be Surprised' to See Nvidia (NVDA) 'Move Towards' All-Time High
Appearing on CNBC recently, prominent investor Joe Terranova said that the momentum of Nvidia Corporation (NASDAQ:NVDA) stock is "clearly positive." Asserting that NVDA CEO Jensen Huang "exudes confidence," Terranova said he "wouldn't be surprised to see the stock make a move towards" its "all-time high" of just over $153. A frequent guest on CNBC, Terranova is a senior managing director of Virtus Investment Partners. Nvidia Corporation (NASDAQ:NVDA) appears to be benefiting from "very strong, consistent demand," Terranova said, noting that Abu Dhabi intends to purchase 18,000 chips from the tech giant. Huang's confidence indicates that Nvidia Corporation (NASDAQ:NVDA) will not have trouble meeting the demand for its chips, Terrranova suggested. The owners of NVDA stock should be pleased by the CEO's self-assurance, added the investor. In the last month, the shares have climbed 28%, while they have lost 5% in the last three months. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Prominent Investor 'Wouldn't Be Surprised' to See Nvidia (NVDA) 'Move Towards' All-Time High
Appearing on CNBC recently, prominent investor Joe Terranova said that the momentum of Nvidia Corporation (NASDAQ:NVDA) stock is "clearly positive." Asserting that NVDA CEO Jensen Huang "exudes confidence," Terranova said he "wouldn't be surprised to see the stock make a move towards" its "all-time high" of just over $153. A frequent guest on CNBC, Terranova is a senior managing director of Virtus Investment Partners. Nvidia Corporation (NASDAQ:NVDA) appears to be benefiting from "very strong, consistent demand," Terranova said, noting that Abu Dhabi intends to purchase 18,000 chips from the tech giant. Huang's confidence indicates that Nvidia Corporation (NASDAQ:NVDA) will not have trouble meeting the demand for its chips, Terrranova suggested. The owners of NVDA stock should be pleased by the CEO's self-assurance, added the investor. In the last month, the shares have climbed 28%, while they have lost 5% in the last three months. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
22-05-2025
- Automotive
- Yahoo
Musk's Interview Was Positive for TSLA Stock, Well-Known Investor Says
After Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk was interviewed extensively on CNBC recently, well-known investor Joe Terranova asserted that Musk's cautious statements about the rollout of its robotaxis should be "comforting to (Tesla's) shareholders." Additionally, Tesla will be seen as more of a "technology company" and less of an automaker in the wake of the interview, Terranova contended. A frequent guest on CNBC, Terranova is a senior managing director of Virtus Investment. Musk's "Comforting" Statements About Robotaxis Terranova reacted favorably to Musk's statement that Tesla, Inc. (NASDAQ:TSLA) would be "extremely paranoid" regarding its rollout of robotaxis in Ausin in June. Noting that the taxis would be supervised by remote employees and that the robotaxis would only operate in certain parts of Austin, Terranova said, "I think that's the right approach." He added that the automaker's shareholders should "feel good about the strategy." Terranova Responds to Pushback The prominent investor was asked by CNBC host Scott Wapner whether Tesla's cautious approach to robotaxis would hinder its ability to compete with Alphabet's (GOOG) Waymo. Terranova said that Wapner's question was "not wrong." But the investor added that "I don't think in the near term (the competition with Waymo) really affects the price as much as (Musk's statements about Tesla's cautious approach to robotaxis), which were comforting." While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
