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Broadcom and Nvidia remain top picks at Bernstein

June 18, 2024 8:13 AM EDT

Bernstein analysts remain bullish on the semiconductor industry, projecting a return to growth in 2024 driven by memory recovery, improved PC and smartphone markets, and excitement surrounding Artificial Intelligence (AI).

"Our top picks remain AVGO and NVDA," says the Bernstein note. While acknowledging cyclical weakness in Broadcom's core business, Bernstein... More

NVIDIA (NVDA) PT Raised to $200 at Rosenblatt, 'We see NVIDIA already in the $5.00 EPS plus level for calendar 2026'

June 18, 2024 6:27 AM EDT

Rosenblatt analyst Hans Mosesmann raised the price target on NVIDIA (NASDAQ: NVDA) to $200.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "We see Nvidia's Hopper, Blackwell, and Rubin series driving "value" market share in one of Silicon Valley's most successful... More