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Bofa
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Top Chipmaker Stocks to Watch in 2026 According to BofA
Bank of America recommends six large-cap chip stocks, including Nvidia, Broadcom, and Lam Research, as top investments for 2026, driven by an expected AI capex surge reaching $1.2 trillion by 2030, despite market volatility.
Bank of America CEO Warns of Market Risks Amid Trade De-Escalation and Fed Independence Concerns
Bank of America CEO Brian Moynihan states that the trade war is de-escalating, with tariffs settling around 15% for many countries, except for China and USMCA trade, which remain complex due to security and policy issues. The overall trade tensions are easing, providing clearer rules for businesses, though concerns about labor and immigration persist for smaller firms.
Fed Rate Cut Expectations Shift to October Amid Economic Uncertainty
Bank of America Global Research has moved up its forecast for the Federal Reserve to cut interest rates to October from December, citing signs of a weakening labor market and disruptions caused by the government shutdown, which has delayed key economic data. The firm remains the only major Wall Street bank predicting just one rate cut this year, while others expect two.
Trump Accuses Major Banks of Discrimination Against Conservatives
Donald Trump claims that JPMorgan Chase and Bank of America refused to do business with him, highlighting ongoing disputes with major financial institutions.
BofA and Goldman Sachs Raise S&P 500 Yearly Target
BofA and Goldman Sachs have raised their year-end targets for the S&P 500 index to 6300 and 6600 respectively, driven by reduced policy uncertainty, resilient earnings, and expectations of interest rate cuts, signaling a positive outlook for the stock market despite earlier concerns over tariffs and recession risks.
BofA Warns S&P 500 Nearing Sell Signal
The S&P 500 is close to triggering a sell signal as it nears 6,300 points, with Bank of America advising investors to start selling shares, amid rising bubble risks and ongoing trade tensions.
Top Stocks Poised for Growth by 2025: Tesla, Nvidia, and More
Bank of America Securities has raised its price target for Tesla to $400, citing confidence in the company's growth prospects following a visit to its Austin gigafactory. Analysts believe Tesla is well-positioned for growth in 2025 and beyond, driven by its core electric vehicle business, the upcoming robotaxi service, and investments in AI technologies like Optimus. The shift towards software-driven margins, including full self-driving and premium connectivity, is expected to enhance profitability.
"Wall Street Banks Raise S&P 500 Targets Amid Bullish Outlook"
BofA Securities' equities team has raised its S&P 500 price target to 5,400 from 5,000, predicting a 5% gain in the broader market by year-end but has tempered its bullishness due to improving sentiment across Wall Street. The team's realistic bear case is a drop in the S&P to 4,100, while their bull case is a rally to 6,500. They note that market pullbacks and corrections are overdue, and their Chief US Technician sees bearish divergences, but post-election day returns have historically been positive.
"Nvidia's Record High Stock Reflects AI Bullishness and Future Revenue Projections"
Nvidia's stock reached a record high of $666 per share amid growing AI bullishness following strong tech earnings reports, with Bank of America raising its price target to $800 and predicting a 23% upside. The company is expected to exceed revenue expectations in its upcoming earnings report, driven by its dominance in GPU chips for AI technologies. This surge in share price comes after tech giants like Microsoft, Meta, and Amazon reported strong earnings and pledged increased investment in AI, signaling a promising future for the technology.
"Nvidia's AI Innovations Drive Stock Surge and Expansion Plans"
BofA analyst Vivek Arya reiterated a Buy rating on Nvidia Corp, boosting the price target to $800 from $700 ahead of the company's quarterly earnings report. The analyst expects a 3% – 5% upside to both the reported fourth quarter and guided first quarter, driven by incremental supply gains and the upcoming B100 accelerator launch. Nvidia's potential for higher pricing with the B100 accelerator and strength in AI inferencing make it a top pick, with expectations for continued growth in the AI market. The company's diversity of SKUs and projections for revenue and EPS are also highlighted, with NVDA shares trading higher by 5.00% at $661.77.
"BofA Upgrades Apple Stock to Buy on Vision Pro and Generative AI Growth Catalysts"
Bank of America analyst Wamsi Mohan upgraded Apple's stock from Neutral to Buy, citing the potential for a stronger multi-year iPhone upgrade cycle driven by generative AI features and the upcoming launch of the Vision Pro headset. Mohan also expects better growth in Apple's services business and manageable risks around potential legal issues. The upgrade comes after downgrades from other analysts due to slowing iPhone sales, especially in China, where Apple faces increased competition from homegrown tech companies like Huawei and Xiaomi. Apple's performance and outlook for the Vision Pro will be revealed when the company announces its first quarter earnings on Feb. 1.
"Wall Street Banks' 2024 Outlook: Caution Amid Signs of Recovery"
Major American banks like Goldman Sachs, JPMorgan, Morgan Stanley, BofA, and Citi have revealed their outlook for 2024 following the disclosure of their 2023 results. While some banks like Goldman Sachs are cautiously optimistic and focusing on cost-cutting without layoffs, others like JPMorgan are planning to hire. Morgan Stanley is prioritizing the preservation of capital and not chasing market share, while BofA is experiencing low turnover rates and expects investment banking revenues to rebound. On the other hand, Citi is planning significant job cuts but anticipates dealmaking activity to accelerate in 2024, particularly in areas of traditional strength like healthcare and technology.
"Investor Optimism Soars: BofA Survey Reveals Positive Outlook for Global Markets"
Bank of America's monthly fund manager survey reveals that investors are very optimistic about rate cuts and a macro "soft" landing, leading to a shift in global equity positions favoring US stocks and reducing overall overweight stance. Cash levels have increased, and the BofA Bull & Bear Indicator is at its highest since November 2021. Investors are bullish on rate cuts and are making significant shifts in their investment preferences, including a rotation from bonds to cash and a move from banks to real estate investment trusts. However, concerns about China's growth weakening have emerged, prompting contrarian trades and potential vulnerabilities in certain positions.