S&P 500, Nasdaq close slightly down ahead of US payrolls data
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- S&P 500, Dow at record highs as Mideast hopes offset SpaceX, AMD drag
- SpaceX tumbles amid AI spending concerns; Musk outlines $1 trillion revenue target
- AMD shares slide 8% after Musk flags plans to buy Nvidia chips for SpaceX
- AZN spikes 6% after report it denies AstraZeneca-BMS merger talks
- New report warns China transceiver ban would hurt U.S. AI giants
- Nutanix to cut 5% of workforce, expects up to $43M in charges
- Opendoor posts Q2 revenue rise as net loss widens year over year
- Walmart dips after Oppenheimer downgrades shares on difficult short-term setup
- Dave & Buster's names CFO Darin Harper as new CEO
- Dow, S&P 500 close at record on AI-linked earnings, Mideast deal hopes
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
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NVIDIA (NVDA) PT Lowered to $131 at Evercore ISI
June 10, 2024 11:47 AM EDTEvercore ISI analyst Mark Lipacis lowered the price target on NVIDIA (NASDAQ: NVDA) to $131.00 (from $1,310.00) while maintaining a Outperform rating.
The analyst comments "NVDA announced a 10-to-1 stock split on May 22, 2024 effective after markets close on June 7, 2024. Following this every shareholder will... More
NVIDIA (NVDA) PT Lowered to $140 at Cantor Fitzgerald, 'remains our TOP PICK in semis'
June 10, 2024 5:35 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on NVIDIA (NASDAQ: NVDA) to $140.00 (from $1,400.00) while maintaining a Overweight rating.
The analyst comments "NVDA announced a 10-for-1 stock split last Q which officially took effect Friday post close. As such, we... More
Barclays sees more margin risk ahead for US companies
June 6, 2024 9:14 AM EDT(Updated - June 6, 2024 9:14 AM EDT)
Barclays analysts warned of increasing pressure on corporate profit margins in the United States in a note Thursday. Their note highlights several trends that suggest a challenging environment for businesses.
"Concentration rising again after 1Q24 results reinforced Tech exceptionalism," states the Barclays note. They point to the continued dominance of large technology companies in terms of earnings growth and margin expansion.... More
