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Here Are Friday’s Best Wall Street Analyst Research Calls: Adobe, Advanced Micro Devices, Ares Capital, Coca Cola, e.l.f. Beauty, FormFactor, Kratos Defense, Travelers, Williams-Sonoma, and More
24/7 Wall St.106d agoneutral
Here Are Friday’s Best Wall Street Analyst Research Calls: Adobe, Advanced Micro Devices, Ares Capital, Coca Cola, e.l.f. Beauty, FormFactor, Kratos Defense, Travelers, Williams-Sonoma, and More

Pre-Market Stock Futures: Futures are trading higher as excitement builds for the Elon Musk Space Exploration Technologies IPO (NASDAQ: SPCX), which is priced at $135 per share and set to begin trading later today. We saw a big risk-on Thursday, which produced a massive rally across the major indices, as once again, President Trump said ... Here Are Friday’s Best Wall Street Analyst Research Calls: Adobe, Advanced Micro Devices, Ares Capital, Coca Cola, e.l.f. Beauty, FormFactor, Kratos Defense,

Latest News In AI Chips - AI-Powered Shift: Transforming Data Into Business Intelligence
Simply Wall St.106d agoneutral
Latest News In AI Chips - AI-Powered Shift: Transforming Data Into Business Intelligence

Treasure Global Inc. has secured a US$15 million contract to develop an AI-powered Social Listening Platform for Creative World Industries, emphasizing the growing demand for AI systems that convert digital data into actionable insights. This platform leverages machine learning and NVIDIA-powered infrastructure to provide real-time sentiment and trend analytics across various sectors. The deployment underscores a trend in the AI chips industry towards enhancing real-time decision intelligence...

Bank of America resets AMD stock price target
TheStreet106d agoneutral
Bank of America resets AMD stock price target

Advanced Micro Devices (AMD) has gained about 128.45% year to date, at the time of writing, Thursday afternoon, June 11. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.47% in the same period. The company has outpaced the S&P 500 by a huge margin. That is impressive, but what is ...

What's at Stake for the Market
Barrons.com106d agoneutral
What's at Stake for the Market

Venture capitalist Marc Andreessen famously said that software was eating the world. Now, AI is eating the stock market. SpaceX, by virtue of its February merger with xAI, is the first of the money-losing frontier artificial intelligence companies to go public, beating OpenAI and Anthropic, albeit with a twist.

Exclusive-Nvidia begins Vera CPU sales pitch to Chinese clients, sources say
Reuters106d agoneutral
Exclusive-Nvidia begins Vera CPU sales pitch to Chinese clients, sources say

Nvidia has told Chinese clients that its new "Vera" central processors for AI data centres could be available as soon as August and that they can begin placing orders, three sources familiar with the matter said. Nvidia's market share in China has effectively fallen to zero, its CEO Jensen Huang said in October, hurt by U.S. export controls on advanced ​chips and Beijing's push for self-reliance in key technologies. The move also raises the stakes in its competition with major CPU firms Intel and AMD, which are racing to increase supplies of server CPUs for AI data centres.

Investing.com106d agobullish
S&P Global Ratings upgrades Nvidia to AA on explosive AI demand

Investing.com -- S&P Global Ratings raised its long-term issuer credit rating on NVIDIA Corporation (NASDAQ:NVDA) to "AA" from "AA-," citing insatiable market demand for artificial intelligence systems. The upgrade reflects the chipmaker’s sustainable competitive advantage and massive cash flow generation within the rapidly expanding data center ecosystem. The ratings agency now forecasts Nvidia’s revenue to surge 82% in fiscal 2027 to $394 billion, followed by a 38% increase to $544 billion the

AMD CEO makes bold move to boost AI in key market
TheStreet106d agoneutral
AMD CEO makes bold move to boost AI in key market

Advanced Micro Devices (AMD) investors have had little to celebrate this month. The chipmaker’s shares fell 4.86% on June 10 to close at $452.40, stretching the loss over the past five trading days to 12.15%. The selling was not an AMD problem, as a wave of profit-taking and Middle East tensions ...

Is Photronics, Inc. (PLAB) A Good Stock To Buy Now?
Insider Monkey106d agobullish
Is Photronics, Inc. (PLAB) A Good Stock To Buy Now?

Is PLAB a good stock to buy? We came across a bullish thesis on Photronics, Inc. on r/ValueInvesting by blee1236. In this article, we will summarize the bulls’ thesis on PLAB. Photronics, Inc.’s share was trading at $29.56 as of June 9th. PLAB’s trailing P/E was 10.76 according to Yahoo Finance. Photronics, Inc., together with its subsidiaries, […]

Up 129% Year-to-Date: 1 Flashing Red Light That Makes AMD Stock a Dangerous Buy Above $475
24/7 Wall St.106d agobullish
Up 129% Year-to-Date: 1 Flashing Red Light That Makes AMD Stock a Dangerous Buy Above $475

At $475.51, Advanced Micro Devices (NASDAQ:AMD) is a Hold. The stock has roughly doubled in five months on accelerating AI demand, and the gap between the operating story and the multiple has rarely been wider. AMD designs the CPUs and GPUs powering hyperscale AI factories, with EPYC server chips and Instinct accelerators now the company’s ... Up 129% Year-to-Date: 1 Flashing Red Light That Makes AMD Stock a Dangerous Buy Above $475

Retail Is Cashing Out Of Micron, AMD, AI Stocks Ahead Of SpaceX IPO
Benzinga106d agoneutral
Retail Is Cashing Out Of Micron, AMD, AI Stocks Ahead Of SpaceX IPO

Retail investors are liquidating some of the biggest winners in the AI trade to raise cash for Friday’s SpaceX (SPCX) IPO, and the selling pressure is landing hardest on semiconductors. MU stock is moving. See the chart and price action here. Data from Vanda Research shows individual investors net sold equities for three consecutive days through Wednesday — the first such stretch since March 2020, according to CNBC. On Monday alone, retail pulled the most capital from individual stocks since Nov

Nvidia Breaks Below $200, Approaches Bear Market Territory. How Much Further Can It Fall?
24/7 Wall St.106d agobearish
Nvidia Breaks Below $200, Approaches Bear Market Territory. How Much Further Can It Fall?

The market has entered an unusual phase where investors are no longer rewarding every company tied to artificial intelligence. Instead, capital is becoming more selective. High-profile opportunities are competing directly for investor dollars, valuations are facing greater scrutiny, and even market leaders are being forced to prove they deserve premium status. That shift is now ... Nvidia Breaks Below $200, Approaches Bear Market Territory. How Much Further Can It Fall?

Intel Jumps 8%, AMD Rises 4% on Bank of America’s $170 Billion Server-CPU Call
24/7 Wall St.107d agobullish
Intel Jumps 8%, AMD Rises 4% on Bank of America’s $170 Billion Server-CPU Call

Shares of Intel (NASDAQ:INTC) are up 8% to $115 and change in early Thursday trading, while Advanced Micro Devices (NASDAQ:AMD) stock is rising 4% to $470. Both chip names are rebounding after a rough stretch earlier this week. The catalyst is a bullish Bank of America research note projecting the total addressable market for server ... Intel Jumps 8%, AMD Rises 4% on Bank of America’s $170 Billion Server-CPU Call

Retail Investors Are Selling Stocks to Raise Money for SpaceX
The Wall Street Journal107d agobearish
Retail Investors Are Selling Stocks to Raise Money for SpaceX

Retail investors are clearing the decks ahead of the SpaceX IPO. For two straight days this week, ordinary investors dumped their single-stock holdings on a net basis, according to Vanda Research. The moves suggests that mom-and-pop investors are amassing dry powder ahead of SpaceX's anticipated public debut tomorrow.