Watch out, these S&P 500 stocks could fall in the second half of 2024

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Watch out, these S&P 500 stocks could fall in the second half of 2024

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, making it the most valuable public company at the time. NVDA YTD mountain Nvidia stock has climbed 155% in 2024. But Nvidia could find less room to run if analysts’ forecasts hold water. While the consensus rating from analysts surveyed by LSEG is a buy, their price targets have already been exceeded and could imply a nearly 11% pullback. Some commentators on Wall Street and analysts alike have cautioned that rising competition in the AI ***** could weigh on Nvidia moving forward, although the stock ******** a favorite on Wall Street. Qualcomm Chipmaker Qualcomm has also benefited from the AI ***** in 2024, with the stock climbing nearly 47%. The company issued better-than-expected fiscal second-quarter results and robust guidance last month. Qualcomm also highlighted strong demand for its “premium tier” smartphones that require the most advanced chips, particularly in China. QCOM YTD mountain Qualcomm stock. Still, analysts’ price targets suggest that the stock may have gotten ahead of itself, reflecting a nearly 14% decline moving forward. This comes as chip stocks remain robust through June, with the VanEck Semiconductor ETF (SMH) surging 51% in 2024. Other stocks that could be in store for a pullback include Garmin and Teradyne .

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Qualcomm Inc,NVIDIA Corp,VanEck Semiconductor ETF,Teradyne Inc,Garmin Ltd,Markets,Investment strategy,business news
#Watch #stocks #fall

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