Tesla, Inc. (TSLA) Stock Forecasts

Summary

The stock market rally is broadening, but… Unfortunately, the expansion in outperformance has occurred within the Information Technology sector, with the semiconductor stocks pausing a bit and computer hardware and software names taking the baton, at least for now. There must be other names that benefit from AI, right? Digging deeper, it appears funds that are coming out of semis are indeed going into computer hardware and software. But even that money flow still prefers the largest market-cap names in those two industries, so the action is not broad based. In computer hardware, the Dow Jones U.S. Computer Hardware Index has quietly outperformed (very minor) the iShares Semi ETF (SOXX) since March 7. Over the past three months, and ranked by market cap and performance, the biggest gainers have been Apple (+28%), Dell (+20%), NetApp (+25%), and Pure Storage (PSTG +26%). AAPL, DELL, and NTAP have been highlighted on these page numerous times in recent months. In software, the outperformance versus the semis started on June 18 when looking at the iShares Tech-Software ETF (IGV), which is near all-time highs (ATHs). As well, the Dow Jones Software Index ($DJUSSW) broke o