finance1 year ago
"Wall Street Analysts Discuss Nvidia's Latest Super-Chip and AI Advancements"
Analysts downgraded Nike and increased the price target for Nvidia in Friday's analyst calls.
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Price Target Increase
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AMD's Stock Soars as Goldman Sachs Increases Price Target
Goldman Sachs analyst Toshiya Hari maintained a Buy rating on AMD and raised the price target from $137 to $157. Hari increased revenue estimates for 2024 and 2025, citing broad-based adoption of AMD's MI300 Data Center GPU in the cloud and enterprise markets. The analyst expects early success in Data Center GPUs to drive outperformance in 2024, along with a constructive year for AMD's server CPU franchise. Hari also believes that several other semiconductor companies, including Nvidia, Arm Holdings, and Micron Technology, are well-positioned to benefit from the ongoing build-out of data center AI infrastructure.
Tesla Stock Receives Price Target Increase Amid Weakness
Mizuho analysts have raised their price target on Tesla shares to $300, up from $230, with a buy rating. They noted that while June auto sales were strong, the sector may face weakness ahead due to high prices, inventory builds, and softer demand. Despite losses on Friday and the previous session, Tesla shares are on track for a weekly gain of over 5%.