NVIDIA (NVDA) PT Raised to $1,100 at BofA Securities, 'AI Woodstock'

US stock futures steady after post-CPI rally; More inflation cues on tap

Investing.com-- U.S. stock index futures steadied in late-Tuesday trade after Wall Street indexes surged despite a stronger-than-expected reading on consumer inflation, with upcoming factory inflation and retail sales readings presenting more tests.

S&P 500 Futures steadied at 5,242.75 points, while Nasdaq 100 Futures hovered around 18,480.75 points by 19:47 ET (23:47 GMT). Dow Jones Futures steadied at 39,472.00 points. 

Gains in technology stocks were the biggest boost to Wall Street, following optimistic comments on artificial intelligence from cloud giant Oracle Corporation (NYSE: ORCL). The firm clocked better-than-expected quarterly... More

Asian stocks mildly positive amid tech strength, hot US CPI

Investing.com-- Most Asian stocks rose slightly on Wednesday as major technology shares tracked a rally in their Wall Street peers, although overall gains were limited as hot U.S. inflation factored into a higher-for-longer outlook for interest rates.

Wall Street indexes provided a positive lead-in to regional markets, with the S&P 500 clocking a record high as hype over artificial intelligence, following positive results from Oracle (NYSE: ORCL), boosted technology stocks. 

But whether these gains would continue remained to be seen, as U.S.... More

Tech rally, hot inflation, oil prices buoyant- what’s moving markets

Investing.com-- Markets will be watching to see whether major U.S. technology stocks can continue to help Wall Street rise past growing concerns over higher-for-longer interest rates, following upbeat consumer price index inflation data. Gold prices fell from record highs after the reading, with more U.S. inflation cues also on tap later this week. 

U.S. stock index futures fell slightly on Wednesday, after a rally in tech stocks helped Wall Street rise sharply in the prior session. The S&P... More

Active options: TSLA NVDA AAPL AMD ORCL META BA PLTR

Active options: TSLA NVDA AAPL AMD ORCL META BA PLTR

Pure Storage stock just tumbled on these Wedbush analyst’s comments

Pure Storage (NYSE: PSTG) stock fell nearly 6% on Tuesday after Wedbush analyst Matt Bryson commented on the latest developments involving Meta (NASDAQ: META) Platforms new AI clusters.

According to a blog post on Meta's website, these AI clusters are equipped with a... More

GraniteShares 2x Short NVDA Daily ETF (NVD) call put ratio 5.5 calls to 1 put as share price down 9.9%

GraniteShares 2x Short NVDA Daily ETF (NVD) 30-day option implied volatility is at 129; compared to its 52-week range of 39 to 139. Call put ratio 5.5 calls to 1 put as share price down 9.9%.

GraniteShares 2x Long NVDA Daily ETF (NVDL) call put ratio 1.7 calls to 1 put as share price up 9.3%

GraniteShares 2x Long NVDA Daily ETF (NVDL) 30-day option implied volatility is at 118; compared to its 52-week range of 40 to 128. Call put ratio 1.7 calls to 1 put as share price up 9.3%.

Inflation data ahead, Oracle earnings - what's moving markets

Investing.com -- Markets are awaiting fresh U.S. inflation figures that could factor into how the Federal Reserve approaches potential interest rate cuts this year. Stock futures on Wall Street inch broadly higher ahead of the data. Oracle (NYSE: ORCL) shares surge in extended hours trading after the tech group posts an AI-driven earnings beat, while the price of Bitcoin remains just under a recent record high.

1. Inflation data ahead

U.S. inflation data for February is set to take center stage on... More

Evercore says Apple (AAPL) sell-off is overdone, sees strong support at current levels

Apple (NASDAQ: AAPL) stock remains one of the very few underperformers among Big Tech companies in 2024, losing roughly 10% year-to-date.

However, Evercore ISI analysts believe the sell-off in the iPhone makers shares may be overdone.

The broker has identified three main factors contributing to AAPLs... More

Healthcare is potentially one of the largest future opportunities for Nvidia (NVDA) - TD Cowen

Healthcare could be one of the largest future opportunities for NVIDIA (NASDAQ: NVDA), according to TD Cowen analysts on Monday.

The firm hosted NVIDIA's VP of Healthcare Kimberly Powell at its 44th Annual Health Care Conference, with the focus on the "significant opportunity" to... More

Midday movers: Meta, Boeing fall; Coinbase, Equitrans Midstream rise

(Updated - March 11, 2024 11:04 AM EDT)

Investing.com -- Main U.S. indexes drifted lower Monday, as investors warily awaited the release of key inflation data later in the week for more cues on future Federal Reserve policy.

Here are some of the biggest premarket U.S. stock movers today:

Nvidia (NASDAQ: NVDA) stock rose 1.3%, with the AI-darling bouncing after Fridays sharp selloff.

Boeing (NYSE:... More

Wedbush's Ives says Wall Street still underestimating AI impact

Wedbush analyst Daniel Ives said that Wall Street continues to underestimate the impact of the ongoing AI revolution on the technology sector.

One of the current debates among investors is about whether AI will primarily benefit a handful of tech giants or it will extend its advantages to the broader sector in the coming years.

We believe many investors still remain very skeptical around the ultimate financial impacts of generative AI to Street estimates in... More

Cantor Fitzgerald raises NVIDIA (NVDA) target; CEO Huang the 'Soothsayer of Santa Clara'

In a note to clients Monday, analysts at Cantor Fitzgerald raised the NVIDIA (NASDAQ: NVDA) price target to $1,200 from $900 per share. The firm maintains an Overweight rating on the stock.

Cantor's analysts described Nvidia CEO Jensen Huang as the "Soothsayer of Santa Clara."

For semiconductor stocks in general, Cantor Fitzgerald expects "few... More

NVIDIA (NVDA) PT Raised to $1,200 at Cantor Fitzgerald; Jensen Huang he 'Soothsayer of Santa Clara'

(Updated - March 11, 2024 7:01 AM EDT)

Cantor Fitzgerald analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $1,200.00 (from $900.00) while maintaining an Overweight rating.

The analyst commented, "NVIDIA will be hosting its GTC conference March 18th-21st, the... More

Futures lower, inflation data this week, new Bitcoin high - what's moving markets

Investing.com -- U.S. stock futures point lower, suggesting a negative start to the week for equities. Markets are turning their gaze to key monthly U.S. inflation data on Tuesday, which could factor into how the Federal Reserve views the path ahead for interest rates this year. Elsewhere, gold hovers near an all-time high, while Bitcoin hits a new record peak.

1. Futures inch lower

U.S. stock futures edged lower on Monday as investors looked ahead to the release of key inflation data later in the week.

By 04:21 ET... More

Futures lower, inflation data this week, new Bitcoin high - what's moving markets

Investing.com -- U.S. stock futures point lower, suggesting a negative start to the week for equities. Markets are turning their gaze to key monthly U.S. inflation data on Tuesday, which could factor into how the Federal Reserve views the path ahead for interest rates this year. Elsewhere, gold hovers near an all-time high, while Bitcoin hits a new record peak.

1. Futures inch lower

U.S. stock futures edged lower on Monday as investors looked ahead to the release of key inflation data later in the week.

By 04:21 ET... More

After Friday's pullback, a 'more broad-based selloff may be near,' analyst says

BTIG analyst Jonathan Krinsky said in a note that Friday's pullback could mark the beginning of a long-anticipated consolidation in the AI trade.

At one point on Friday, Nvidia (NASDAQ: NVDA), the world's third-largest company by market capitalization, saw its year-to-date gains reach an impressive 92%.

Simultaneously, the 5-month return for the S&P 500... More

NVIDIA (NVDA) March IV increases amid price movement

NVIDIA (NASDAQ: NVDA) March weekly call option implied volatility is at 64, March is at 57; compared to its 52-week range of 32 to 68 into NVIDIA hosting its flagship GTC 2024 conference at the San Jose Convention Center from March 18-21.