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Chipmaker Surges 8% Thanks to AI

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Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures rose on Thursday. The levels were boosted as investors grew confident the Federal Reserve's peak interest rate would be within levels already priced by the markets. US jobless claims data may help shine a light on the strength of the labor market, which has remained stubbornly high through the rate-hiking cycle.

With recession fears looming, it's crucial to consider the potential amazing buying opportunities once prices drop. In The War Room, we use short and long trading strategies to help traders maximize their gains while minimizing risk.

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Here's a look at the top-moving stocks this morning.

NVIDIA Corporation (Nasdaq: NVDA)

NVDIA is up 8.10% premarket after its earnings report beat estimates on the top and bottom line despite a 46% year-over-year decline in gaming revenue. Revenue came in at $6.05 billion versus $6.02 billion expected. Data center revenue, which includes AI chips, grew 11% overall.

Chips are now the ultimate source of economic power, and China is looking to dominate the chip market in the coming years. If they succeed, it could spell economic doom for the U.S. But there's reason to believe this US company could see a 525% increase as they look to stop China's chip dominance.

Click here to unlock this US tech stock.

 

Unity Software, Inc. (NYSE: U)

Unity Software is down 8.24% premarket after shares fell in the extended session on Wednesday after the game-engine and app-monetization company's outlook fell short of Wall Street estimates on a weak mobile-ad market. Unity forecast revenue of $470 million to $480 million for the first quarter, and revenue of $2.05 billion to $2.2 billion for the year.

Tech stocks have seen a massive fall in 2022, but there's good to reason to believe there's something new on the horizon. Immersive technologies like AI and ChatGPT are taking center stage, and our friend Andy Snyder believes there's one company at the center of this new tech revolution that could hand you life-changing profits.

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This Could Be the Perfect Electric Vehicle... Stock?

  • 1,080-horsepower engine
  • Zero-to-60 time of 2.5 seconds
  • Fastest charging time in the world
  • Longest range in the world

Yet few people have heard of the startup that created it! Find out why its stock could help fund your retirement starting today.

EBay (Nasdaq: EBAY)

EBay is down 5.4% premarket. The e-commerce marketplace company reported fourth-quarter earnings and sales that came in roughly in line with estimates but gross merchandise volume declined 12% from a year earlier.

 

Planet Fitness (NYSE: PLNT)

Planet Fitness is up 7.42% premarket after seeing record profits spurred by record membership growth. A strong December sale led to record membership growth. Net income was $36.3 million, compared $6.3 million in the prior year period.

 

What does the "perfect stock" look like?

Our friend Alexander Green has a proven track record for investing in companies at just the right time. He knows how to identify undiscovered companies that trade at just a few dollars a share. And right now, he's letting investors know about a $4 stock play he believes could fund your retirement in the coming years.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

"None of the Patterns I Looked at Failed to Rise"

The author of the 1,012-page Encyclopedia of Chart Patterns was stunned.

He had just looked at a specific chart pattern. He checked out 307 instances of the pattern. And none failed to rise.

"I am in love," he said. "You have to love the statistics because they shine like gold coins."

Energy Recovery 117% Gain in Two Months
 

Check out the #1-ranked upside pattern here. In the study published in the encyclopedia, it produced an average gain of 69% in 39 days.

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