Nvidia just took a $1 billion equity investment in Nokia.
As noted in a Nokia press release, “The strategic partnership and investment are expected to create significant value for both companies. Nokia will use the proceeds from the issuance to accelerate its strategic plans to advance trusted connectivity for the AI supercycle and other general corporate purposes.”
“Nokia intends to accelerate development of Nokia’s 5G & 6G RAN software to run on NVIDIA’s architecture and will make investments to drive Nokia’s strategic goal of increasing its presence in the AI & Cloud market with data center-aligned networking solutions within its Network Infrastructure business. Nokia and NVIDIA have agreed to collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data center switching and optical technologies in NVIDIA’s future AI infrastructure architecture,” they added.
Analysts at UBS reiterated a “buy” rating on Amazon ahead of its earnings.
The firm has a price target of $279, which is up from its previous target of $271. Analysts at KeyBanc Capital say Amazon should benefit from the AI boom.
The analysts say Amazon’s AWS is still growing strong. It also believes that the ramp of gigawatt data center clusters and customers like Anthropic are potential drivers of revenue acceleration into 2026. The analysts have an overweight rating on AMZN with a $300 price target.
Evercore ISI has just reiterated an “outperform” rating on MSFT as the tech giant heads into earnings. The firm believes MSFT’s capex growth will be healthy and “reflect tight capacity for AI infrastructure,” as noted by CNBC.
Analysts at Bank of America reiterated a buy on Qualcomm (NASDAQ: QCOM) ahead of earnings next week. The QCOM stock exploded yesterday after announcing AI processors that will compete with AMD and Nvidia. The AI chips are a massive shift for QCOM, which has focused on semiconductors for wireless and mobile devices.
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Markets are still exploding higher on earnings.
Dow futures are up 217. NASDAQ futures are up about 46, with the S&P 500 up about seven points. We do expect them all to explode higher – especially with the Federal Reserve on deck with a potential interest rate cut following cooler than expected inflation.
And we have key earnings coming up from some of the biggest market movers, including Alphabet (NASDAQ: GOOG | GOOG Price Prediction), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Meta (NASDAQ: META), and Microsoft (NASDAQ: MSFT).
We should also note that if you’re thinking of shorting the market here, wait.
With solid earnings, cooling inflation, the potential for interest rate cuts, and hopes for a truce between the U.S. and China, there’s not much stopping upside potential.
Analysts at Baird just reiterated an outperform rating on Apple ahead of earnings, raising its price target to $280 from $230 a share. The firm expects Apple to post solid earnings and guidance. It’s also pleased with the latest iPhone 17.
Analysts at UBS reiterated a buy rating on Amazon ahead of earnings. The firm has a price target of $279, which is up from its previous target of $271 a share.
Analysts at Bank of America reiterated a buy on Qualcomm (NASDAQ: QCOM) ahead of earnings next week. The QCOM stock exploded yesterday after announcing AI processors that will compete with AMD and Nvidia. The AI chips are a massive shift for QCOM, which has focused on semiconductors for wireless and mobile devices.
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Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
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