Now not the time to panic on the tech trade, bargain hunt after selloff: Wedbush

BofA Securities on Apple (AAPL): 'we see the potential for consensus estimates to be revised higher'

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $256.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "

As per SensorTower data, App Store revenues in F4Q (after 36 days) increased to $3.0bn (+12% y/y, according to data on developer revs from... More

New Street Research Upgrades NVIDIA (NVDA) to Buy

(Updated - August 6, 2024 9:12 AM EDT)

New Street Research analyst Pierre Ferragu upgraded NVIDIA (NASDAQ: NVDA) from Neutral to Buy with a price target of $120.00.

The analyst comments "Since the peak of June, Nvidias stock has pulled back by 26%, underperforming most... More

Rosenblatt Defending NVIDIA (NVDA)

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $200.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVDA shares are under pressure due to continued rumors of a several-month delay in Blackwell B200 GPUs due to an undisclosed silicon flaw.... More

Morgan Stanley 6th Annual Internal Survey of Their Interns on Tesla (TSLA) Reveals: 'Tesla 'cool factor' is... cooling'

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Tesla 'cool factor' is... cooling. The interns prefer gasoline powered cars over EVs by nearly 2 to 1. Tesla further declined as the most desirable brand to 11% (vs. 14% last year, 19% in 22, and 30% in 21). The share... More

Deutsche Bank Defending NVIDIA (NVDA): 'AI demand as measured by capex spend appears to be healthy' , 'We see little financial risk'

Deutsche Bank analyst Ross Seymore reiterated a Hold rating and $100.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "We see little financial risk to NVDA in the near term for its upcoming report/guide (NVDA reports Aug 28) given still-strong demand from... More

Magnificent 7 stocks slide amid tech slump

The Magnificent 7 stocks experienced significant declines on Monday as the tech sector and broader market faced a severe sell-off.

While the stocks have begun to recover slightly following the opening bell, Apple (NASDAQ: AAPL) is currently down more than 5%, while NVIDIA (NASDAQ:... More