Debt limit progress, weak Chinese data - what's moving markets
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May 31, 2023 10:43 AM EDT
Citi analyst Atif Malik reiterated a Buy rating and $420.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "Mercury Research released 1Q23 graphics data yesterday. While the data is backward looking, we saw on a Q/Q basis that NVDA GPU revenue... More
May 31, 2023 9:53 AM EDT
BofA analyst Vivek Arya lifted the NVIDIA (NASDAQ: NVDA) price target to $500 from $450 per share in a note Wednesday, maintaining a Buy rating on the stock.
The upgrade follows the Nvidia CEO's keynote at the annual computer expo, Computex, in Taiwan over the holiday weekend,... More
May 31, 2023 6:17 AM EDT
Investors continue to add more risk to U.S. equities, according to Citi strategist Chris Montagu. Last week, during which the S&P 500 added 0.3%, bullish flows increased.
Nasdaq positioning is now at 3-year highs with elevated profit levels, Montagu notes. Tech stocks are surging amid AI-linked frenzy with Nasdaq... More
