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The conclusion of the Federal Reserve's two-day policy meeting is widely expected to bring the first interest rate cut of 2025.
NVIDIA continues to fuel the AI stock rally in 2024. Our analysis shows that may be the case for the foreseeable future.
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Cautious Ahead of Fed Rate Decision; General Mills Earnings on Deck
U.S. stock futures were largely flat Wednesday as investors awaited a key Federal Reserve interest rate decision. While the majority of market participants expect a cut in borrowing costs, uncertainty remains over its size and the Fed’s broader economic outlook.
DA Davidson lifted its rating and price target on Nvidia stock, with analysts predicting another 18% gain from current levels.
The stock market's leading artificial intelligence (AI) stocks are giving investors a clear reason to be cautious.
AI chipmaker Nvidia’s projection for record third-quarter revenue was met with a bullish reception from analysts, including Morgan Stanley and UBS, even as some, like HSBC, were downbeat on the AI chipmaker's lack of visibility around prospective sales in China.
Reasons for the bullish push include strong AI growth potential and demand for the company's chips.
Philippe Laffont, one of Wall Street's most successful hedge fund managers, expects Microsoft and Nvidia to be the most valuable companies in the world by 2030.
Nvidia is set to release its quarterly results after the market closes Wednesday, with analysts expecting sales could reach another record high, despite an anticipated hit from export curbs.
NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks on Wall Street’s Radar. On September 11, D.A. Davidson upgraded the stock to “Buy” from Neutral and with a price target of $210, up from $195.
The chip maker announced a $60 billion stock buyback this week — and sparked a debate about whether the move makes sense.