Chip

Value

Gains

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">In a volatile market, three major companies are drawing investor attention due to recent developments and stock movements. Nvidia (<a href="https://tokenist.com/investing/how-to-buy-stocks/" rel="dofollow" class="deco-link">NASDAQ: NVDA</a>) is shrugging off concerns about chip delays, Starbucks (<a href="https://tokenist.com/investing/how-to-invest-in-stocks/" class="deco-link">NASDAQ: SBUX</a>) has attracted a new activist investor, and Expedia (<a href="https://tokenist.com/investing/how-to-buy-shares-online/" class="deco-link">NASDAQ: EXPE</a>) is grappling with weak travel demand despite strong Q2 results. Here’s a closer look at these stocks and their recent performance.</p> 
<h3 id="nvidia-nvda-shrugs-off-chip-delay-concerns">Nvidia (NVDA) Shrugs Off Chip Delay Concerns</h3> 
<p>Nvidia’s stock rose 3.63% to $108.55 in morning trading, despite reports of a three-month delay in volume shipments of its next-generation Blackwell B200 chip. <br><br>The delay, attributed to a design flaw, hasn’t dampened analyst optimism. Jefferies maintains a Buy rating with a $150 target price, expecting strong sales of current-generation Hopper chips through 2024.</p> 
<p>With a market cap of $2.67 trillion and a <a href="https://tokenist.com/investing/p-e-ratio/" rel="dofollow" class="deco-link">P/E ratio</a> of 61.29, Nvidia continues to outperform the broader market. The stock has seen a staggering 119.18% year-to-date return and a 165.73% one-year return. Investors eagerly await Nvidia’s quarterly earnings report on August 28, which could provide more insight into the chip delay’s impact and the company’s AI-driven growth prospects.</p> 
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<h3 id="starbucks-sbux-gains-as-another-activist-investor-reveals-stake">Starbucks (SBUX) Gains as Another Activist Investor Reveals Stake</h3> 
<p>Starbucks shares jumped 3.56% to $77.76 following news that activist investor Starboard Value <a href="https://www.reuters.com/business/retail-consumer/activist-starboard-value-takes-stake-starbucks-wsj-reports-2024-08-09/" target="_blank" aria-label="has taken a stake (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">has taken a stake</a> in the coffee giant. While the size of Starboard’s stake remains unknown, the firm is expected to push for measures to improve Starbucks’ stock price, which has declined 23% over the past 52 weeks.</p> 
<p>This development comes as Starbucks faces challenges, including weak U.S. demand and a 14% drop in China same-store sales. With a market cap of $88.118 billion and a P/E ratio of 21.03, Starbucks offers a forward dividend yield of 2.81%. The company’s next earnings report, scheduled between October 31 and November 4, will be closely watched for signs of improvement in global sales.</p> 
<h3 id="expedia-expe-dips-after-ceo-warns-of-weak-travel-demand">Expedia (EXPE) Dips After CEO Warns of Weak Travel Demand</h3> 
<p>Expedia’s stock dipped 2.61% to $126.62 after CEO Ariane Gorin warned of weak summer travel demand. Despite this caution, the company’s Q2 earnings beat expectations, with adjusted earnings per share of $3.51 versus the $3.14 forecast. <br><br>Revenue rose 6% year-over-year to $3.6 billion, and gross bookings increased 6% to $28.8 million.</p> 
<p>However, Expedia has lowered its full-year outlook, expecting Q3 gross bookings and revenue growth of 3% to 5%. The travel giant, with a market cap of $16.489 billion and a P/E ratio of 23.43, has seen a 13.56% one-year return despite a 16.55% year-to-date decline. <br><br>Analysts maintain a positive outlook, with a high price target of $200.00, suggesting potential upside despite near-term headwinds in the travel sector.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
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<p>The post <a rel="nofollow" href="https://tokenist.com/stocks-to-watch-today-nvidia-starbucks-and-expedia/">Stocks to Watch Today: Nvidia, Starbucks, and Expedia</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Nvidia, Starbucks, and Expedia

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