Investing.com -- Nvidia’s inventory of H20 AI chips is unlikely to satisfy surging demand in China following a temporary lift of U.S. export restrictions, according to Jefferies.
The firm estimates that Nvidia (NASDAQ: NVDA) holds between 600,000 and 900,000 H20 units, while demand could be as high as 1.8 million.
“We believe as long as the U.S. and China are in a ‘truce’ state for trade negotiation, NVDA will be allowed to meet reasonable China demand,” said... (continue reading...)
(Reuters) -Space technology startup Firefly Aerospace is targeting a valuation of about $5.5 billion in its U.S. initial public offering, as investor appetite for high-growth sectors shows signs of a sustained rebound.
The Cedar Park, Texas-based company is aiming to sell its shares between $35 and $39 apiece to raise as much as $631.8 million, a regulatory filing showed on Monday.
The U.S. IPO market is showing signs of steady recovery in... (continue reading...)
Investing.com -- Walmart has begun raising prices on a range of goods as new tariffs take effect, but expects to gain market share as it widens price gaps with peers, according to Jefferies.
Following a recent meeting with Walmart’s head of investor relations, Steph Wissink, Jefferies reported that “prices increased as the tariffs were implemented in April” for perishables and other items sourced from Central America.
The firm noted that in June, prices also began to... (continue reading...)
Investing.com -- Morgan Stanley equity strategist Michael Wilson believes the S&P 500 could rally to 7,200 by mid-2026, citing a “rolling recovery” in earnings and supportive macro trends.
“We’re leaning more toward our bull case for the S&P 500 by the middle of next year—7200 (22.5x forward EPS of 319),” Wilson wrote in a note published Monday.
He added that “earnings growth is on solid footing” and pointed to Morgan Stanley’s non-PMI earnings model, which is... (continue reading...)
Investing.com -- Bank of America said Apple (NASDAQ: AAPL) faces a “tough setup” heading into its fiscal third-quarter results this Thursday, as investors eye pressure on margins from tariffs and ongoing regulatory concerns.
“We see client sentiment as fairly negative given uncertain impact from tariffs, U.S. DOJ investigation (Google (NASDAQ: GOOGL) TAC payments), App Store headwinds, and slow progress in AI,” BofA analysts wrote in a note.
The bank maintained a Buy... (continue reading...)
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