Dow futures just lower, but tech stocks soar on Nvidia's stellar earnings

Go back to Dow futures just lower, but tech stocks soar on Nvidia's stellar earnings

This tech giant's AI counteroffensive is taking place says Baird analyst

August 25, 2023 2:28 PM EDT

According to Barid, the AI counteroffensive from tech powerhouse Google (Alphabet (NASDAQ: GOOGL)) is taking shape, and the firm is keeping an eye on two key Google AI developments.

Analyst Colin Sebastian, who has an Outperform rating and $140 price target on GOOGL shares, told investors Friday that Gemini LLM could "level the playing field with OpenAI" or even surpass it, while the "next-generation... More

Dollar Tree (DLTR) PT Lowered to $155 at Guggenheim

August 25, 2023 7:13 AM EDT

Guggenheim analyst John Heinbockel lowered the price target on Dollar Tree (NASDAQ: DLTR) to $155.00 (from $165.00) while maintaining a Buy rating.

The analyst commented, "Somewhat surprisingly, merely in-line 2Q operating results and re-affirmed 2023 EPS guidance was met with a 13% sell-off, far... More

NVIDIA (NVDA) PT Raised to $600 at CFRA, 'we see FCF growth at +$23B in FY 24'

August 24, 2023 10:10 AM EDT

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $500.00) while maintaining a Buy rating.

The analyst comments "We increase our 12-month target to $600 from $500, on P/E of 32.6x our CY 25 EPS view, above peers but below... More

Former XPeng (XPEV) autonomous driving head joins Nvidia (NVDA)

August 24, 2023 8:24 AM EDT

Wu Xinhou, the former vice president of autonomous driving at Xpeng (NYSE: XPEV), announced Thursday that he is joining U.S. artificial intelligence giant Nvidia (NASDAQ: NVDA).

Although Wu didn't provide specific details about his new position at Nvidia,... More