AMD Jan 2025 55.000 put
- Investor's Business Daily
Dow Jones Futures Rise; Nvidia Offers Huge Test With 5 AI Stocks Near Buy Points
The stock market is right at highs but Nvidia earnings offer a major test. Five AI stocks are near buy points.
- Investing.com
5 big analyst AI moves: Baidu, Accenture downgraded to Hold
Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Analysts at the investment bank RBC Capital Markets raised their target price on Microsoft (NASDAQ:MSFT) stock from $450 to $500 on Friday, citing positive feedback from their recent investor meetings with Microsoft's Directors of Investor Relations. RBC stressed that AI remains a key growth driver for Microsoft, highlighting that the tech giant continues to make substantial investments in this rapidly developing sector.
- Yahoo Finance Video
Nvidia's long-term growth is uncertain: Analyst
Nvidia (NVDA) will post its first quarter earnings for the 2024 fiscal year next week, with many on Wall Street watching closely as the tech giant led recent rallies in the tech sector. One of the chip giant's competitors, AMD (AMD), has just partnered with Microsoft (MSFT) to offer its products to Microsoft's cloud computing customers. Wedbush Equity Research SVP Matt Bryson and Truist Securities Managing Director William Stein join Market Domination to give insight into what investors should expect from Nvidia's earnings, how AMD stands in the sector, and how investors should navigate the chip sectors. Stein argues that Nvidia's short-term future is most likely successful, but uncertainty mounts down the line: "I think certainly they're going to beat this quarter. And I think they're going to beat in the out quarter guide as well. But I think the real question is what happens through this year and into next year's numbers. Does the company give us an indication that we're going to continue to see growth and very strong demand, both for units and for integrated systems, where the company is getting the growth from?" For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
