Citi see an expanding market for Nvidia’s AI business as the company leads global sovereign AI build-outs and continues to scale Blackwell. Analyst Atif Malik raised his price target on Nvidia to $190 from $180, which suggests shares can jump 19.2% from their latest close. Malik’s bullish thesis is partly driven by the uptick in sovereign AI demand , which refers to nations’ efforts to produce and control their own AI infrastructure and data. “We believe sovereign demand is already contributing up to billions of dollars in 2025 and expect the mix of sovereign AI sales to step up in…
Author: usaeverydaylife
Investors are hoping that — after months of uncertainty and market volatility — trade deals between the U.S. and several key trading partners will be announced this week. President Donald Trump said overnight that letters were due to be delivered from 12 p.m. ET Monday to countries, either confirming trade pacts or notifying them of the duties set to be charged on their goods as they enter the U.S. A 90-day reprieve on Trump’s so-called reciprocal tariffs is due to end on July 9. The administration has now indicated, however, that any new duties — which Trump has said could…
The sell-off in Constellation Brands appears overdone, according to Jefferies. Analyst Kaumil Gajrawala upgraded shares to buy from hold and lifted his price target by $11 to $205, which suggests nearly 19% potential upside from Thursday’s close. Gajrawala’s new rating comes after Constellation fell short of Wall Street’s estimates for quarterly earnings and revenue, which were dragged by lower beer demand and tariffs on aluminum. The Modelo distributor still reiterated its forecast for fiscal 2026. “Of course the market is challenged, but there isn’t a brand issue. Hispanics are drinking less beer; for reasons well discussed. It won’t be forever,”…
Apple shares picked up a gain and an upgrade from Jefferies going into the holiday weekend, but the ” Fast Money ” traders aren’t seeing fireworks. “The back half of the year for a company like Apple is going to be a problem,” RiskReversal Advisors’ principal Dan Nathan said on Wednesday’s show. “They still don’t have an [artificial intelligence] strategy. So that means that a product that has not been growing for the last three years is not going to grow again. … They’re going to miss an entire year of a product cycle.” Jefferies upgraded Apple to “hold” from…
Independent analyses – ranging from Yale University to the Wharton School to the Congressional Budget Office – have each said that President Donald Trump’s budget plan will add trillions of dollars to the U.S. deficit over the next 10 years. What’s at stake if the deficit continues on its upward trajectory? This year, the U.S. deficit is exceeding 6% of GDP, a level roughly 63% higher than the average in the past five decades. And unlike past spikes, the current one isn’t driven by war or economic crisis, leading many to raise concerns about why America might be playing with fire…
Months after President Bashar al-Assad’s regime was toppled, Charlie Smart, a reporter at The New York Times, traveled to a mass burial site in Syria to understand how the Assad regime hid the bodies of the people it had made disappear. Source link
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC.Samuel Corum | Getty Images News | Getty ImagesTesla shares fell in premarket trade on Monday after CEO Elon Musk announced plans to form a new political party.The stock was down 7.13% by 4:27 a.m. E.T.Musk said over the weekend that the party would be called the “America Party” and could focus “on just 2 or 3 Senate seats and 8 to 10 House districts.” He suggested this…
SINGAPORE / BEIJING — A Chinese company with a new twist on gold jewelry is taking aim at global luxury giants with its first overseas store. Laopu Gold opened in Singapore on June 21, just outside the Marina Bay Sands casino. During the first two weekends, wait times stretched from one to two hours, according to an employee. Echoing the sleek front of the nearby Patek Philippe store, Laopu’s windows showed off a delicately crafted golden deer and lotus sutra urn, gleaming against black display panels, as if in a museum. The company uses traditional Chinese gold crafting techniques inspired…
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.What does the world’s richest man do? He starts a political party.Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from…
European stocks poised for mixed openLondon Bridge on March 12, 2024.Lucy North – Pa Images | Pa Images | Getty ImagesGood morning from a very gray London.Europe-listed shares look set for a mixed open today. Futures tied to the regional Stoxx 50 were last seen trading 0.1% higher, while those tied to London’s FTSE 100 and the German DAX were last 0.2% lower and 0.2% higher, respectively.Futures tied to France’s CAC 40 are around 0.3% lower this morning.— Chloe TaylorTrump threatens extra 10% tariff on countries that align with ‘Anti-American’ BRICS policiesU.S. President Donald Trump gestures, on the day he…
