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- S&P 500, Nasdaq set for weekly fall as chip stocks slide
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- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
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- UBS trims AI portfolio exposure to semis and hardware after recent rally
- Needham Starts NeoVolta (NEOV) at Buy
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- Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds
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NVIDIA target raised at Wolfe Research on positive supply chain checks
July 8, 2024 12:43 PM EDTWolfe Research raised their price target for NVIDIA (NASDAQ: NVDA) to $150 from $125 per share in a note Monday, citing positive supply chain checks indicating strong growth for the company in calendar year 2025 (CY25).
"Recent supply chain checks show a path to 50%+ content growth for NVDA GPUs in CY25," stated the Wolfe Research note. They attribute this growth to a transition to... More
NVIDIA (NVDA) target lifted at UBS as supply checks confirm demand momentum
July 8, 2024 7:57 AM EDTAnalysts at UBS raised their price target for NVIDIA (NASDAQ: NVDA) to $150 from $120 per share in a note Monday, reiterating a Buy rating on the stock, citing positive recent supply checks.
The bank's recent supply chain checks confirmed their prior suspicions that demand momentum for Blackwell rack-scale systems "remains... More
