Company News for Jan 3, 2024

• Shares of Moderna, Inc. (MRNA - Free Report) shot up 13.1% on reports that the pharma giant might launch five new products by 2026.
• Royal Caribbean Cruises Ltd.’s (RCL - Free Report) shares plunged 7.2% on the consumer discretionary sector continuing to lose out.
• Shares of NVIDIA Corporation (NVDA - Free Report) declined 2.7% on the tech sector emerging as the biggest loser of the day.
• Merck & Co., Inc.’s (MRK - Free Report) shares gained 3.9% on healthcare becoming the biggest winner in the session.

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

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