Retail investors remain enthusiastic about semiconductors and were focused on SPY following the release of monthly inflation data this week. Here are the most mentioned stocks on Reddit's WallStreetBets this week:
WSB on NVDA: According to data from Quantitative Quiverthe stocks with the most mentions this week are again: NVIDIA Corporation NVDA Over 6,700 mentions in the last 7 days.Investors are looking forward to the future Nvidia GTC Next week is the Artificial Intelligence Conference. WallStreetBets Redditors remain bullish on the company's stock, which has risen nearly 80% since the beginning of the year.
“AI will change the world. It's not a hype that's going away, and its capabilities are growing at an almost frightening pace. AI is not overrated, and it's not a tulip. Almost everything on the planet It will fundamentally change the landscape for companies and individuals. To some extent…Will NVDA's competitors catch up? Yes, but it will take time and it won't happen quickly. So far, no one has joined the race That means you have to be an NVDA customer to do that,” posted u/stablogger.
WSB's “The SPY”: The second most mentioned ticker on WallStreetBets this week is: SPDR S&P500 ETF spy There were 2,300 mentions. Many traders reported buying SPY puts in response to better-than-expected inflation data and shared screenshots of the gains or “trends” sought on WSB.
“The timing of SPY is always the hardest part, but the movements are usually pretty predictable,” posted u/Jbook30.
Related News: Palantir Trends on WallStreetBets: Here's What the Retail Industry Says on Reddthat
TSMC's WSB: Rounding out this week's top three trending tickers from WallStreetBets are Taiwan Semiconductor Manufacturing Co., Ltd. TSM There were 2260 mentions. Nvidia is his major TSMC client, and traders are looking to his Nvidia GTC AI conference as a potential catalyst for both stocks.
“TSM will be profitable in April and next week will be the NVIDIA conference. Probably a catalyst for ATH, but it's still very cheap,” posted u/SteaknSalt.
TSMC is scheduled to report first-quarter results on April 18, with earnings of $1.31 per share and revenue of $18.5 billion, according to Benzinga Pro estimates.
Investors interested in gaining broad exposure to the semiconductor industry should VanEck Semiconductor ETF SMH It tracks a market-cap weighted index of the 25 largest U.S.-listed semiconductor companies, including Nvidia and Taiwan Semiconductor.
While WSB favors conservative investing over short-term options, the VanEck Semiconductor ETF has seen a significant increase of over 80% over the past year.
NVDA, SPY, TSM, SMH Price Action: According to Benzinga Pro, NVIDIA stock fell 0.12% to close at $878.37, SPY fell 1.03% to $509.67, Taiwan Semiconductor fell 1.85% to $137.04 and VanEck Semiconductor ETF fell 0.74% to $217.84. has ended.
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