Thursday's ETF with Unusual Volume: IEDI
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2024
0mins
Should l Buy AMZN?
Source: NASDAQ.COM
- High Volume Components: Apple and Amazon.com were the components with the highest trading volume in an ETF on Thursday.
- Performance: Carvana saw a significant increase of about 29.1% in its value, while Vestis experienced a decline of approximately 41.3%.
- Specific ETF: The report focused on the iShares U.S. Consumer Focused ETF.
- Unusual Volume: The video highlighted an ETF named IEDI that had unusual trading volume.
- Disclaimer: The views expressed in the content are those of the author and may not represent Nasdaq, Inc.'s opinions.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 199.600
Low
175.00
Averages
280.01
High
325.00
Current: 199.600
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Intensifying Tech Competition: Analyst Rory Green warns that China's rapid advancements in AI are breaking the U.S. tech monopoly, with predictions that most of the world may rely on a Chinese tech stack within the next 5 to 10 years, significantly impacting the U.S. market.
- National AI Fund Launched: China launched a 60.06 billion yuan ($8.69 billion) national AI fund last year and initiated the 'AI+' program to integrate AI technology across its economy and society, further accelerating its technological development.
- Cost Advantage Emerges: By leveraging massive Huawei chip clusters and abundant low-cost energy, China is narrowing the gap with the U.S. in AI model development, making its low-cost tech offerings attractive to developing economies and potentially reshaping the global tech landscape.
- U.S. Investment Return Concerns: U.S. tech giants announced capital expenditures of up to $700 billion in AI, raising concerns about returns and leading to a $1 trillion loss in market caps, reflecting growing doubts about the U.S.'s competitive edge against China.
See More
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- Spending Overview: The five largest hyperscalers, including Amazon, Alphabet, Microsoft, Meta, and Oracle, are projected to budget over $700 billion by 2026, reflecting a strong demand for building AI data centers and driving growth in related sectors.
- Capital Expenditure Growth: Amazon plans to spend $200 billion in 2026, a 56% increase from $128.3 billion in 2025; Alphabet's spending is expected to reach $180 billion, with a staggering 97% year-over-year growth, significantly enhancing its market competitiveness.
- Surge in Chip Demand: These five companies are set to spend over $450 billion on GPUs, CPUs, and other AI accelerator chips in 2026, creating substantial market opportunities for chipmakers, particularly for leading firms like Taiwan Semiconductor Manufacturing Company (TSMC).
- Long-Term Growth Outlook: TSMC has raised its annual revenue growth forecast for 2024-2029 from 20% to 25%, and with the rapid increase in AI chip demand, the potential for gross margin and profit growth in the coming years is substantial, making it a valuable investment despite its stock reaching all-time highs.
See More
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- Economic Growth Boost: Taiwan's economy experienced a 70% surge in exports in January, the fastest pace in 16 years, driven almost entirely by AI hardware, further solidifying TSM's market position and profitability.
- Bullish Wall Street Outlook: DA Davidson recently initiated coverage on TSM with a Buy rating and a $450 price target, suggesting significant upside from current levels, reflecting strong market confidence in its future growth.
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See More
