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It’s official. Apple (Nasdaq: AAPL) will roll out the welcome mat for Google’s (Nasdaq: GOOGL) Gemini solution to drive Siri with Gemini AI models in a soon-to-come upgrade. This pivot comes after Apple mostly dodged the AI hype storm started by OpenAI’s ChatGPT, now diving in as Alphabet nears a $4 trillion valuation. Both stocks are trading higher on the day.
Nvidia (Nasdaq: NVDA) and Eli Lilly (NYSE: LLY) have unveiled plans to pour $1 billion over the next half-decade into a drug innovation lab to advance AI in the pharmaceutical industry.
Data cloud platform Snowflake (Nasdaq: SNOW) stock has captured the spotlight amid mixed reviews from Wall Street analysts. Goldman Sachs analysts have begun coverage of the stock with a “buy” rating and a $250 price target attached, suggesting 14% upside potential. Meanwhile, Barclays analysts have pulled back on the stock, lowering their rating to an “equal weight” from an “overweight” rating while lowering the price target by $40 to $250 per share amid limited upside catalysts on the heels of a stellar run in 2025. SNOW shares are modestly higher today, hovering at $219 per share.
In a climate of escalating geopolitical tensions, Citi analysts remain bullish on defense software company Palantir Technologies (Nasdaq: PLTR), upgrading shares of the stock to “buy” and raising the price target by $25 to $235 per share amid a strengthening pipeline of government and business use cases. The stock is managing slight gains in an otherwise lower market.
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The markets are fixated on the escalated tensions between the White House and the Federal Reserve, with stocks kicking off the week under pressure. All three of the major stock market averages are lower this morning, including a modest decline in the Nasdaq Composite. Precious metals have taken their cue, with the spot gold price rising to its latest fresh all-time high above $4,600 per ounce amid a weaker U.S. dollar and rising Treasury yields.
With interest rate cuts coming at a snail’s pace, the DOJ has begun a criminal probe into the Federal Reserve on monetary policy decisions, an investigation that has put Chairman Jerome Powell on defense. President Trump maintains he had zero knowledge of the probe while Powell asserts he will not be intimated as names of his potential replacement continue to swirl. In response, JPMorgan has issued a warning, urging caution on U.S. equities
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 49,096.26 Down 382.79 (-0.77%)
Nasdaq Composite: 23,650.95 Down 20.39 (-0.09%)
S&P 500: 6,948.33 Down 17.95 (-0.26%)
SoundHound AI (Nasdaq: SOUN) is rising 4% today to above $12 per share as the stock continues its volatile run. H.C. Wainwright analysts have reemphasized their “buy” rating on the stock with a price target of $26 per share, suggesting there’s runway for more than a doubling of the share price.
DA Davidson analysts remain bullish on Nvidia (Nasdaq: NVDA | NVDA Price Prediction) stock for its competitive position relative to industry peers.
President Trump has touted Meta Platforms (Nasdaq; META) decision to name former White House official Dina Powell as president of the social media giant.
Online betting platform Kalshi places pretty good odds of 80% that SpaceX company will pursue an IPO, adding yet another of Elon Musk’s companies to the publicly traded markets.
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Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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