Nvidia Effect
Live Blog Update #1 Published
Wells Fargo has reemphasized its “overweight” rating on Nvidia stock ahead of the company’s high-profile GTC event later this month. Oppenheimer analysts reiterated their “outperform” rating on Netflix (Nasdaq: NFLX) stock, suggesting the stock has additional runway for gains.
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As promised, Apple has introduced its latest MacBook Pro and MacBook Air products, featuring M5 chips and fresh Studio Display roster. The product rollouts come with a cost, as the company hiked prices of MacBook Air by $100 while the latest M5 Max price spiked by $400.
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Despite today’s market sell-off, Wall Street analysts can see the forest from the trees and remain bullish on hyperscalers.
Wedbush analysts have lifted their price target on Nvidia (Nasdaq: NVDA) stock by $70 per share to $300 per share.
Barclays analysts lifted their price target on Apple (Nasdaq; AAPL) to $248 per share but remain cautious with an “underweight” rating on the stock.
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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