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06.09.2023 14:00

Inside Time: Three Stocks to Buy in September 2023



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Inside Time: Three Stocks to Buy in September 2023In 2023, the volume of the cloud market will reach $634 billion, and every reasonable investor simply must add cloud stocks to his portfolio to profit from the current dynamics. So let's keep the trend going!We suggest paying attention to the market leaders, whose shares are worth buying right now. Amazon (NASDAQ: AMZN)The largest cloud platform Amazon Web Services has a leading market share of 32%, actively expanding the scope of ChatGPT and diversifying its business. Amazon's dominance in the industry makes it an attractive stock to buy, at least over a 6-12 month period.The first target is $175-177.50, then levels above $210-220 will be available if the fundamental background is positive. Nvidia (NASDAQ: NVDA)A leading computer chip manufacturer has spent years securing data centres but has benefited enormously from the AI boom. The company has been partnering with AWS for over a decade.Nvidia shares are up 237% since January 1st. While the current rally has made buying quite expensive, its 0.09 forward price-earnings-to-growth (PEG) indicates huge upside potential.The first target is $580-620, then if the market is optimistic, the $700-720 zone can be considered. Advanced Micro Devices (NASDAQ: AMD)The company has made significant profits from partnerships with Microsoft and Alphabet, providing their cloud services with their equipment. In H1 2023, AMD's trading revenue grew 64% year-over-year. AMD has an attractive forward PEG of 0.2, meaning the stock is undervalued.First target: $138, 50-140, then we consider levels above $190-200.So we do not miss effective entry points but do not forget about the risks. Profits to yall!#ForexChief #Amazon #Nvidia #forexnews #stocks #worldnews #Market #Alphabet #Microsoft #AMD

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xChief Ekibi