{2023 Power Trade} This Stock Has Emerged as the Clear Market Leader

Also in this email, we show you an alternative stock if you think the market leader is too expensive. Sponsored [ACT NOW: These Are The Top Profitable Stocks of 2023]( The stock market is currently in a volatile state, and uncertainty is rampant. However, there is no reason to panic. In fact, now is the ideal time to purchase stocks.[Go HERE to see the Potential Investing Opportunity]( By clicking the link you are subscribing to the Summa Money Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures](  Why Wall Street Believes the Stock Can Continue to Soar [Image]  Hello Stock Traders  Circle June 5, 9 AM on your calendars! In just 10 days, the brilliant minds over at Traders on Trend will launch the electrifying Summer Market Summit. An impressive lineup of 32 top industry traders is ready to share their exclusive market insights and tactics. This event is an unrivaled chance to enrich your trading skills and stay ahead of market trends. As we're nearing this remarkable event, anticipation is high. Watch this space for further details as the date approaches. So get ready and don't miss out! [Secure you slot by just clicking this link!Â](  Now, resuming our daily newsletter: It seems the money-making powerhouse known as Nvidia is taking the phrase "reach for the stars" rather seriously. If you thought the 160% upswing in its stock this year was impressive, analysts suggest you might want to prepare yourself for an even more exhilarating journey.  Even after its jaw-dropping year-to-date surge, they're urging investors not to jump ship just yet. Okay, true, Nvidia's stock NVDA now clocks in at a dizzying 50 times its projected earnings, thanks to a rally that could make a mountain climber break into a sweat.  But the company hasn't just been sitting pretty. Following Wednesday’s earnings report, estimates were recalibrated on account of an optimistic forecast. It was enough to make eyes pop, as it was fueled by vigorous customer spending on artificial-intelligence products. According to Bernstein's Stacy Rasgon, "Investors are on a scavenger hunt for ways to capitalize on AI that won't drain their bank accounts, given Nvidia's spectacular performance this year." He added, "Perhaps NVDA itself, though admittedly still pricey, could be the golden ticket. Their story, backed by tangible products and sales, still has a lot of juice left in it." After this declaration, Rasgon didn't just nudge up his price target for Nvidia. Nope, he catapulted it from $300 to $475. On Thursday, Nvidia's shares did a celebratory jig, closing at $379.80 after a 24% leap. Now, let's face it, AI has been on everyone's lips and has given a good number of stocks some notable boosts recently. However, what sets Nvidia apart is its ability to transform this buzz into tangible revenue swiftly. It's like they've found the magic formula. Here's what Barclays analyst Blayne Curtis had to say: "We believe this is just the tip of the iceberg of a generative AI revolution and, so far, NVDA seems to be the one pocketing most of the profits." Curtis not only rated the stock as overweight but also hiked his target to $500, up from $275. It wasn't just Curtis singing praises for Nvidia. JPMorgan's Harlan Sur followed suit, doubling his price target to $500, while foreseeing a "significant upside potential in shares." In a grand reveal worthy of a superhero movie, Nvidia's stock staged an epic leap among the nation's corporate giants. Its total market capitalization swelled by nearly $184 billion in a single day. That’s billion with a "B", folks. The increase was so significant, it now holds a place in the history books as one of the largest one-day market capitalization gains in American corporate annals. So, how big are we talking here? Well, imagine this: Nvidia's market capitalization gain on just Thursday surpassed the entire stock market capitalization of some of the biggest, most iconic companies that operate across industries from banking and entertainment to apparel and software. I'm talking about Wall Street behemoths like Wells Fargo, Morgan Stanley, Blackstone Group, and Goldman Sachs. Each one's entire market capitalization was dwarfed by Nvidia’s single-day market cap increase. Even giants like Walt Disney, Netflix, Nike, Boeing, UPS, Verizon, and Adobe were left in the dust. In fact, if Nvidia's market capitalization gain were a standalone company, it would be the 55th largest public company worldwide. Now, with a total market cap nearing $1 trillion, Nvidia is on the cusp of joining the exclusive "Trillion Dollar Club," whose members are just a handful of companies worldwide - Apple, Microsoft, Saudi Aramco, Alphabet (Google), and Amazon. So, what sparked this historic rally on Thursday? During a Wednesday evening call, Nvidia's CEO Jensen Huang, alongside other executives, declared that AI-driven data-center sales are set to fuel a record revenue, reaching approximately $11 billion in the second quarter. This vastly exceeds the $7.17 billion that Wall Street analysts had predicted, according to FactSet. This is a significant leap from last year's $6.7 billion second quarter revenue. Wedbush Securities' tech analyst, Dan Ives, took to Twitter to express his awe, stating, "In 22 years of covering tech stocks and large cap we have NEVER seen a guidance range of this magnitude on a large cap tech name." It indeed appears to be a pivotal moment for the tech industry. Based on a our analysis of FactSet data, Nvidia now makes up about 4.6% of the entire Nasdaq stock market, compared to 3.74% the day before.  Trade safe!  -James  Coming Up Next: You think Nvidia is overpriced and looking for cheaper alternatives? We got you covered! Find out in the article below!   SPONSORED 🔽 Sponsored [A 100% Win Rate In 2022… Over The Past 6 Years...]( The next 10 minutes could change your life. We’ve recorded a special sit-down interview with a reclusive millionaire who details how he’s closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn’t closed a single losing trade since 2016. Sounds impossible? It’s not - and he’ll prove it to you. [Click to see this exclusive sit-down interview.]( [Privacy Policy/Disclosures]( Unlocking the Potential of AI if You are Looking for Nvidia Alternatives In the glorious days of the gold rush, the real winners were those clever folks selling picks and shovels. Elevate that strategy to a quantum leap level, and you'd end up purchasing the whole darn factory that produces those tools. A similar narrative is unfolding in the thriving realm of artificial intelligence. The stock of tech leviathan Nvidia is leaping with joy, largely thanks to the proliferating AI revolution. Each tech conglomerate from Microsoft to Google is tumbling over one another to hitch a ride on this exhilarating AI bandwagon, catalyzed by the triumph of ChatGPT. Yet, there's another rising star that could glean significant benefits: Taiwan Semiconductor Manufacturing Co., or TSMC, the folks responsible for crafting Nvidia's AI chips. Wednesday was a day of jubilation for Nvidia, with its shares surging by 25% in after-hours trading, adding a staggering $190 billion to its market cap. The reason? An optimistic revenue forecast of a 64% year-on-year jump to $11 billion for the current quarter ending in July. Even the most seasoned analysts, with their precise calculators and crystal balls, couldn't foresee this stratospheric prediction from Nvidia. Thanks to the escalating demand for Nvidia’s chips, which are the heart and soul of data centers powering AI computations. Now, if Nvidia's selling chips like hotcakes, it stands to reason that TSMC, the chief cook, should also witness a spike in chip orders. This logic seemed to resonate with investors, as TSMC's Taiwan-listed stock edged up by 3.4% on Thursday. TSMC's crown jewel is its high-performance computing segment, accounting for a significant 44% of total sales last quarter. Although AI is seen as a colossal growth driver, the company's leadership is yet to provide specific numbers quantifying its potential impact. In the short term, the AI-propelled momentum may not suffice to counterbalance soft spots in other sectors such as smartphones and PCs, which are currently burping from a chip surplus accumulated over recent years. TSMC has braced itself for a minor decline in revenue for 2023. Nevertheless, Nvidia's rosy prognosis should infuse investors with a renewed conviction that the AI surge will manifest in tangible earnings growth for TSMC — and likely sooner than market pundits had imagined. Nvidia isn't the sole player in the AI chip game. Other businesses wishing to design their chips will probably need to knock on TSMC's door, given its stellar reputation in chip manufacturing and cutting-edge tech in advanced packaging. Being the quasi-exclusive arms dealer, supplying ammunition for the titanic clash of AI dominance between tech giants, is a pretty sweet spot to be in, as Nvidia can attest. When it comes to stock valuation, TSMC's stock trades at 17 times future earnings, a tad below its five-year average of 19 times, making it seem like a sensible investment, especially compared to Nvidia's lofty 61 times. It's worth mentioning, though, that TSMC isn't a pure AI entity. It might not experience the same rocket-fueled growth as Nvidia and operates in a more capital-intensive industry. However, if you're looking for an economical entry point to the AI bonanza, placing a bet on TSMC could be a savvy move, especially considering the possible dip in the overall chip-price cycle in the latter half of 2023. As the old saying goes, "Fortune favors the bold!" – and it doesn't hurt if they're a bit shrewd, too.   Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit tradersontrend.com/terms for our full Terms and Conditions.  COE MEDIA.   1126 S Federal Hwy Unit #827   Fort Lauderdale, FL 33316 [UnsubscribeÂ](  [Privacy Policy](