Nvidia set to overtake Apple as world's second-most valuable company
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June 4, 2024 8:45 AM EDT
In a note to clients Tuesday, analysts at UBS said Apple's (NASDAQ: AAPL) App Store revenue growth for the quarter-to-date is "still a bit soft" despite the 12% increase year-on-year (YoY) in May.
The investment bank notes that its analysis of Apple's App Store suggests May's revenue... More
June 3, 2024 4:02 PM EDT
Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "App Store revenue grew +12% in May, an improvement vs the 9% growth rate in April. Notably, EU Appstore revenues were up 25% in the month of May vs. up 22% in April despite implementation of EU DMA driven changes to the AppStore. We were expecting the growth rate to remain... More
June 3, 2024 6:39 AM EDT
Goldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $1,200.00 price target on NVIDIA (NASDAQ: NVDA)
The analyst comments "We attended CEO Jensen Huang's keynote speech at Computex 2024 in Taiwan on June 2. While we are not making any estimate changes, announcements... More
June 3, 2024 5:24 AM EDT
Wells Fargo analyst Aaron Rakers reiterated an Overweight rating and $1,250.00 price target on NVIDIA (NASDAQ: NVDA)
The analyst comments "Most Notable: 1. No Arm-based PC CPU / SoC announcement that we think some were expecting following recent NVDA / Mediatek news. 2. NVDA emphasizing Spectrum-X Ethernet AI-optimized networking... More
June 3, 2024 5:23 AM EDT
BofA Securities analyst Vivek Arya reiterated a Buy rating and $1,500.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "We maintain Buy and $1500 PO on top pick NVDA following CEO keynote ahead of Computex (Annual computer expo) in Taiwan over the weekend. Key... More
June 3, 2024 5:21 AM EDT
Citi analyst Atif Malik reiterated a Buy rating and $1,260.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "On Sunday, NVIDIAs CEO Jensen Huang, via a keynote, reiterated the companys goal to bring Gen AI through AI factories and Blackwell-powered data... More
