The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs

Market Intelligence Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NVDA) Earnings: 'dividend is so low it’s a wonder why they pay one at all'

Respected Analyst Adam Crisafulli of Vital Knowledge Reacts to NVIDIA (NASDAQ: NVDA) Earnings.

The analyst comments "NVDA (Nvidia) reported upside in FQ1, including sales +262% Y/Y to $26B (vs. the Street $24.69B) and EPS +461% Y/Y to 6.12 (vs. the Street 5.65). The critical Data Center unit saw sales surge 427% Y/Y to $22.6B (about $1.5B above the Streets $21.1B forecast). Within Data Center, Compute spiked 478% to $19.39B while Networking rose 242% to $3.1B. Strong sequential Data Center growth was driven by all customer types, led by Enterprise and Consumer Internet companies. Large cloud... More

Citi Out First to Recap NVIDIA (NVDA) Earnings

Citi analyst Atif Malik reiterated a Buy rating and $1,030.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Fundamentals: NVDA reported Apr-Q revs/non-GAAP EPS (ex-SBC) of $26B/$6.12 vs. our $24B/$5.39 and Streets (FactSet) $24.6B/$5.60 and guided Jul-Q revenue to $28B (at MP) vs. our $27.5B and Streets $26.6B. Higher Hopper GPU... More

Google and Meta on course to increase headcount by around 8% in 2024: UBS

According to research conducted by analysts at UBS, Alphabet (NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META) are on course to increase headcount by 8% and 7.6% year-on-year, respectively, in 2024.

The investment bank said Google's total job postings are indexing ~20% below 2018... More

Goldman Sachs Reiterates Buy Rating on Microsoft (MSFT)

Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $515.00 price target on Microsoft (NASDAQ: MSFT)

The analyst comments "After attending Microsoft Build Day 1, we leave increasingly constructive that MSFT continues to be in an industry-leading position that can shape the adoption of GenAI across the tech stack. Our main takeaways from... More

Wells Fargo Reiterates Overweight Rating on Microsoft (MSFT)

Wells Fargo analyst Michael Turrin reiterated an Overweight rating and $500.00 price target on Microsoft (NASDAQ: MSFT)

The analyst comments "GitHub creating AI ecosystem; new features announced: Fitting for its annual dev event, MSFT announced GitHub Copilot is the most widely adopted AI... More

NVIDIA (NVDA) PT Raised to $1,100 at CFRA

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $1,000.00) while maintaining a Buy rating.

The analyst comments "We up our 12-month target to $1,100 from $1,000, on a P/E of 35x our CY 25 EPS view, above peers but below... More

Barclays Reiterates Overweight Rating on Alphabet (GOOGL)

Barclays analyst Ross Sandler reiterated an Overweight rating and $200.00 price target on Alphabet (NASDAQ: GOOGL)

The analyst comments "The big breakthrough we saw this week was around AI multi-modal products running very fast on a single neural network, with very low latency and speedy responses, which provides a glimpse into where things are likely headed. The introduction of compelling voice inputs and voice/text/image... More

Evercore ISI Reiterates Outperform Rating on Apple (AAPL)

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "We hosted a call with an Expert in the payments space who has previously worked building payments products at Apple. The call added to our conviction that Apple has some solid growth runway around Apple Pay, B2C payments, and potentially B2B payments over... More

Goldman Sachs: S&P 500 results for 1Q offer mixed views on the consumer

Goldman Sachs said in a note Monday that the S&P 500's first quarter 2024 results reflect a nuanced picture of consumer behavior.

While overall earnings per share (EPS) for the S&P 500 rose by 6% year over year, surpassing initial expectations of 3% growth, the stock market's reaction was varied, said the investment bank.

They noted that unusually, stocks that... More

Apple (AAPL): More evidence points to a flattish iPhone cycle - UBS

With analysts continuing to focus on iPhone demand, UBS said in a note this week that data points to a flattish iPhone cycle for Apple (NASDAQ: AAPL).

The bank noted that immediately before and after Apple's recent quarterly earnings report, the market started to embed a recovery in... More

Rosenblatt Previews NVIDIA (NVDA) Earnings

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $1,400.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "We expect NVIDIA to beat and raise in the April quarter, albeit not reaching the levels of the January quarter, due to improved supply and anticipated year-over-year deceleration from tougher comparisons. We believe that NVIDIA is still facing shortages of CoWoS and HBM, although the shortage of CoWoS is... More

UBS Reiterates Neutral Rating on Alphabet (GOOGL)

UBS analyst Lloyd Walmsley reiterated a Neutral rating and $173.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "Heading into GML 2024, we look for product releases to showcase how Google is leveraging genAI tech in both horizontal (across more sectors) and vertical (across more parts of the value... More

UBS Reiterates Neutral Rating on Apple (AAPL)

UBS analyst David Vogt reiterated a Neutral rating and $190.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Immediately prior to and post Apple's earnings report, the market started to embed a recovery in iPhone unit demand given enthusiasm that AI is a tailwind. Specifically, the market expects AI capabilities and... More

NVIDIA (NVDA) PT Raised to $1,200 at Baird

Baird analyst Tristan Gerra raised the price target on NVIDIA (NASDAQ: NVDA) to $1,200.00 (from $1,050.00) while maintaining a Outperform rating.

The analyst comments "Raising estimates/price target on continued strength in AI-related demand for Nvidia. There is no match to Nvidia's products offering... More