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AI Group Unveils New Product - Stock Surges

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Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see US stock futures made gains as optimism grew around Congress passing a debt accord to prevent a default. The White House and Republican congressional leaders are intensifying their lobbying efforts. Artificial Intelligence stocks had a big morning, with Nvidia Corp. seeing a 3.3% increase in premarket trading (more on that below). The pressure is now on as proponents of the debt agreement have one week to secure congressional approval before a potential default on June 5 (X Day).

While the markets have been volatile due to fear of a debt default, we've used the uncertainty to our advantage in The War Room. Last week we took some huge winners, including a massive 214.53% gain in one trading day after positoning ourselves on the URBN 2 Jun 23 $26 calls. Right now we're guaranteeing members receive 252 winning trades in their first 12 months of membership.

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

NVIDIA Corporation (Nasdaq: NVDA)

Nividia is up 3.39% premarket after the renowned chipmaker unveiled several new AI-centric products, capitalizing on the generative-AI trend. Notable releases include the Nvidia DGX GH200, a high-powered supercomputer, and Nvidia ACE, a platform leveraging generative AI for video game development. Additionally, advertising giant WPP plans to utilize Nvidia's platforms and generative AI to construct a content engine for ad production. These announcements follow Nvidia's impressive surge in share prices, driven by strong second-quarter revenue projections, particularly in the data center business.

With semiconductor companies like NVDA surging, it's vital to learn more about a darker element in the latest tech boom. The truth is China has a plan – a sinister one. And if the US doesn't act now – it could drastically reduce the quality of life for Americans.

Click here to learn what China is up to and why a US stock could surge 525% as a result.

 

Iovance Therapeutics (Nasdaq: IOVA)

Iovance Therapeutics is up 15.23% in premarket trading following the announcement that the U.S. FDA had accepted its biologics license application (BLA) for lifileucel, the company's lead pipeline candidate for melanoma treatment. The BLA seeks accelerated approval for lifileucel in advanced unresectable or metastatic melanoma patients who have progressed after prior anti-PD-1/L1 therapy. The FDA has granted the BLA priority review and no advisory committee meeting is currently planned. If approved, lifileucel will become the first FDA-approved personalized, one-time cell therapy for melanoma patients, addressing the limited treatment options available after standard-of-care medications. Iovance's stock has shown a year-to-date increase of 18.2%, outperforming the industry's 9.2% decline.

 

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Palantir Technologies (NYSE: PLTR)

Palantir Technologies is up 4.84% in premarket trading after the artificial intelligence platform announced its latest product. Palantir's artificial intelligence platform (AIP), powered by its large language model (LLM), enables the company to offer an interactive chatbot to its clients. This technology falls under the same category as OpenAI's ChatGPT, and the development of Palantir's in-house model has generated remarkable demand.

Artificial intelligence isn't the only area of the market that's creating buzz. Our friend Andy Snyder is high on another tech stock. It's not blockchain, crypto or AI. In fact, Andy believes it's much bigger, and its stock is predicted to be worth $13 trillion by 2030.

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C3.ai, Inc. (NYSE: AI)

C3.ai, Inc. is up 6.56% premarket, driven by notable trading volume and outperforming the stock's 61.5% gain over the past four weeks. The optimistic sentiment surrounding the stock is attributed to NVIDIA's impressive guidance for the second quarter of fiscal 2024, indicating a robust demand for AI chips. C3.ai is expected to report a quarterly loss of $0.17 per share, representing a year-over-year increase of 19.1%, with revenues expected to remain unchanged at $72.32 million compared to the same period last year.

Tech stocks like AI have been huge movers in the markets in 2023, and our Lead Trading Tactician Nate Bear has been focusing on a select group of stocks in Daily Profits Live. Last week he closed a 95.96% winner on tech stock NFLX in one trading day.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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