AXS Esoterica NextG Economy ETF

WUGI

Market cap $37M

As we face the last quarter of 2024, interest rates are finally heading down, kicked off by a 50 basis point Fed cut, the election race is too close to call, and global geopolitical instability remains a risk factor.

It is always fun to root for the underdog. Who doesn't like a good Cinderella story?

While the AI boom has been favoring the semiconductor rally, a rebound in PC sales will provide chip-makers another boost.

Wall Street has been on a remarkable rally, buoyed by a surge in technology stocks. Most of the gains were driven by five "mega-cap" tech companies?

The technology sector is the clear leader of the 2024 market rally so far and will continue its solid run.

Chip giant Nvidia (NVDA) has already entered a correction territory this week. Although it recovered the strength later on, there is limited upside potential.

Nvidia (NVDA) is poised to become the first semiconductor company to reach a $2 trillion valuation, marking an important milestone in its rise as the primary beneficiary of the surge in artificial intelligence-related stocks over the past year.

The cloud-based data-warehousing company Snowflake (SNOW) stock slumped post reporting earnings. Snowflake-heavy ETFs contain several high-potential companies in their kitty.

Nvidia (NVDA) reported blockbuster fourth-quarter fiscal 2024 results, demonstrating robust growth with new records for revenues and earnings.

Nvidia currently has a Zacks Rank #2 (Buy) and an Earnings ESP of +3.67%. It raises the chances of an earnings beat.