S&P 500, Nasdaq futures rise as Nvidia pops on strong outlook

Micron (MU) gains on HBM3E volume ramp and shipments to Nvidia's H200 confirmed

Micron Technology (NASDAQ: MU) shares are up more than 5% Monday after the company announced it has started volume production of its HBM3E (High Bandwidth Memory 3E) solution.

Micron's 24GB 8H HBM3E product is set to be part of the NVIDIA... More

Wells Fargo Comments on Micron Technology (MU) HBM3E and NVIDIA H200 GPUs

Wells Fargo analyst Aaron Rakers reiterated an Overweight rating and $95.00 price target on Micron Technology (NASDAQ: MU)

The analyst comments "This morning (2/26) MU announced that it has commenced the volume production of their HBM3E solutions; announcing that their 24GB 8-High (8H) HBM3E is integrated in NVIDIA's H200 GPUs. MU's 36GB 12H HBM3E solution now sampling. Micron HBM3E Quick Specs: Micron continues to highlight performance attributes providing pin speed at >9.2Gb/s and >1.2TB/s total memory bandwidth. The... More

Goldman Sachs remains bullish on NVIDIA, Taiwan Semiconductor

Goldman Sachs analysts reiterated their buy ratings on NVIDIA (NASDAQ: NVDA) and Taiwan Semi (NYSE: TSM) in a note Monday following recent rumors that OpenAI CEO Sam Altman is trying to raise up to $7 trillion to facilitate emerging AI demand.

The investment bank said while they do not take a view on the article or... More

Rivian Automotive Inc (RIVN) PT Lowered to $12 at Barclays

Barclays analyst Dan Levy lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $12.00 (from $16.00) while maintaining a Equalweight rating.

The analyst comments "Key takes: 1. Demand weakness materializing amid softer order book, '24 volume guide reflects demand challenges; 2. Mgmt reaffirmed gross... More

NVIDIA (NVDA) PT Raised to $925 at New Street Research

New Street Research analyst Pierre Ferragu raised the price target on NVIDIA (NASDAQ: NVDA) to $925.00 (from $535.00) while maintaining a Buy rating.

Alphabet (GOOGL) target lifted as search resilience underappreciated - Redburn

Redburn Atlantic analyst James Cordwell said in a note to clients Friday that Alphabet's (NASDAQ: GOOGL) search resilience is underappreciated. Cordwell lifted the firm's price target for the stock to $170 from $165, keeping a Buy rating on the stock.

The analyst explained... More

Alphabet (GOOGL) PT Raised to $170 at Redburn-Atlantic, 'Search resilience underappreciated'

Redburn-Atlantic analyst James Cordwell raised the price target on Alphabet (NASDAQ: GOOGL) to $170.00 (from $165.00) while maintaining a Buy rating.

The analyst comments "With Alphabets forward PE now just in line with that of the S&P, sentiment has clearly turned negative regarding... More

NVIDIA (NVDA) PT Raised to $1,400 at Rosenblatt

Rosenblatt analyst Hans Mosesmann raised the price target on NVIDIA (NASDAQ: NVDA) to $1,400.00 (from $1,100.00) while maintaining a Buy rating.

The analyst commented, "Once again Nvidia smashed numbers for the quarter and guide as Hopper and networking AI trends broadened in a... More

NVIDIA (NVDA) PT Raised to $840 at CFRA

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $840.00 (from $700.00) while maintaining a Buy rating.

The analyst comments "We lift our 12-month target to $840 from $700, on P/E of 30x our CY 25 EPS view, above peers/ below... More

CFRA Downgrades Rivian Automotive Inc (RIVN) to Sell

CFRA analyst Garrett Nelson downgraded Rivian Automotive Inc (NASDAQ: RIVN) from Hold to Sell with a price target of $10.00 (from $20.00).

The analyst comments "We cut our 12-month target to $10 from $20. We lower our adjusted EPS estimates to -$3.75 from -$3.00 for '24 and to -$3.00... More

Analyst doubts Intel's (INTC) foundry business will make money

Intel (NASDAQ: INTC) Foundry held its IFS Direct Connect on Wednesday, introducing Microsoft as a foundry customer and providing details on its manufacturing roadmap beyond 2025.

Reacting to the event, Citi analysts said Intel reiterated that its internal manufacturing roadmap is on track.... More

JPMorgan Downgrades Rivian Automotive Inc (RIVN) to Underweight

JPMorgan analyst Ryan Brinkman downgraded Rivian Automotive Inc (NASDAQ: RIVN) from Neutral to Underweight with a price target of $11.00 (from $20.00).

The analyst comments "We are downgrading shares of Rivian Automotive (RIVN) to Underweight from Neutral after slashing our estimates and price target to account for substantially slower growth amidst continued large losses. The reasons for our downgrade are multifold, including: (1) The company has fallen far short of its own targets for vehicle sales and production, let alone the seemingly much more ebullient expectations of its investors, and disappointing new guidance revealed yesterday... More

BofA bullish on Taiwan Semi (TSM) after Nvidia guide

BofA maintained its Buy rating and $760 per share price target on Taiwan Semi (NYSE: TSM) in a note Thursday following Nvidia's (NASDAQ: NVDA) earnings.

The bank said there is a positive read-through for TSM from... More