Nvidia Up Another $3.40 a Share

Shares of PLTR are up more than $3 a share.

Not only did it just break above its 50-day moving average to the upside, but it’s also still running on a Truist upgrade to a buy rating.

The firm notes that “GenAI adoption could ‘compress the market impact’ of the last four decades of enterprise technology into just the next five to ten years,” says Tip Ranks. With that, the firm believes Palantir holds a “unique market position,” one that is “ideally positioned for increased AI adoption by both governments & enterprises.”

Over the last few days, shares of Micron (NASDAQ: MU) raced about $43 higher.

Yesterday alone, MU was up $31.28 a share, or 10%. Now, analysts at UBS say the tech giant could test new highs thanks to strong demand for memory in AI.

The firm reiterated its buy rating on MU with a price target of $400.

“We still believe investors are underappreciating the degree to which AI has fundamentally made memory ([dynamic random-access memory] in particular) a more strategic asset,” they said, as quoted by CNBC. “Severe supply shortages supportive of an ‘extended and durable’ memory upcycle.”