The stars may be aligning for a move higher in artificial intelligence-related stocks. Bank of America highlighted four events over the next seven-to-10 days that could serve as catalysts for the group. These are: Nvidia ‘s GTC confercence in Paris (Tuesday-Thursday) AMD ‘s “Advancing AI 2025” event on Thursday Marvell Technology ‘s June 17 webinar “on future of custom silicon” Bank of America’s “Techtalks expert call on the evolving AI Networking landscape” Analyst Vivek Arya expects Nvidia to discuss “commitments for multi-year AI factory projects” at its Paris tradeshow. “Recall earlier this year the European Union (EU) launched its Invest…
Author: usaeverydaylife
Tourists and locals enjoy a warm spring day with high temperatures in El Postiguet Beach.Marcos Del Mazo | Lightrocket | Getty ImagesU.S. tourists seem to be cutting back on summer trips to Europe — but Chinese travelers are more than making up for it, a study found.Data from the European Travel Commission (ETC) published Tuesday showed that just 33% of U.S. survey respondents were planning to visit Europe this summer, some 7% below the levels of last year.The decline appears to largely relate to funding, with 54% of those polled citing high travel costs as a barrier.But political concerns, including…
Nintendo just released the Switch 2, its first new game console in eight years. The original Switch was wildly popular, selling 15 million units in its first year, more than any prior Nintendo console. The company says its was the second most successful console in its history. The Switch also beat out the competition, topping consoles from Microsoft and Sony in first-year sales. Overall, it was only surpassed by the PlayStation 2, the best-selling console of all time.”The Switch replaced both the historic Nintendo console and the historic Nintendo handheld,” says Michael Pachter, managing director at Wedbush Securities. “They’ve merged…
Check out the companies making headlines before the bell. Insmed – Shares surged more than 26%. The global biopharmaceutical company announced positive results Tuesday from a Phase 2b study of treprostinil palmitil inhalation powder, a once-daily treatment for pulmonary arterial hypertension. J.M. Smucker – The food company’s stock pulled back about 8% after its fourth-quarter revenue of $2.14 billion missed the consensus estimate of $2.18 billion, according to FactSet. Earnings for the quarter beat expectations, however. The company’s guidance also missed expectations. Taiwan Semiconductor Manufacturing – U.S.-listed shares of the chipmaker rose more than 2% after its revenue for May…
McDonald’s is getting burned as consumers begin to change their habits, according to Redburn Atlantic. The investment firm double downgraded the fast food giant to sell from buy. Analyst Chris Luyckx also slashed his price target to $260 from $319, which signals downside of about 15% from Monday’s close. That marked the third downgrade for McDonald’s in less than a week. Morgan Stanley on Monday lowered its rating on the stock to equal weight from overweight . On Friday, Loop Capital cut McDonald’s to hold from buy. “Weight-loss drugs are reshaping restaurant demand – not only by suppressing appetite, but…
Here are Tuesday’s biggest calls on Wall Street: Bank of America reiterates Carvana as buy Bank of America raised its price target on the stock to $375 per share from $325. “Despite tariff-driven supply concerns, May used car supply ended at 44 days of supply, up one day vs. April, and down only two days Y/Y. In our tracking, Carvana’s Inventory is at its highest level since March (at 32.9k in SF Bay Area) with rapid-delivery inventory at recent highs.” Bank of America reiterates Nvidia as buy Bank of America said data center demand trends remain robust for Nvidia. “Developing…
The top five companies on the 2025 CNBC Disruptor 50 list — Anduril, OpenAI, Databricks, Anthropic and Canva — have a combined valuation of just under $500 billion. This is more than the combined total valuation of almost every past Disruptor 50 list of the last 12 years.OpenAI, the company that sparked a global arms race for new artificial intelligence capabilities, is the biggest contributor with its $300 billion value. But it is a race in which the other four companies in the top five (and more than two-thirds of the entire 2025 Disruptor 50) are very much key participants.The…
JPMorgan Chase has a rosy outlook ahead, according to Wells Fargo. Wells Fargo analyst Mike Mayo reiterated his overweight rating on shares of JPMorgan Chase and raised his price target to $320 from $300. His updated forecast implies that the stock could rally 20%. “JPMorgan Chase has excelled at both offense and defense over the past decade, in which it has been gaining market share in all major business lines, while optimizing its businesses, showing consistent earnings relative to other global banks, and creating a ‘fortress balance sheet’ (as defined by its CEO),” Mayo wrote. “JPM should reflect our ‘Goliath…
Taking full control of Hulu will lead to more gains for Walt Disney , according to Loop Capital. The investment firm raised its price target for the entertainment conglomerate to $130 from $125 per share, implying about 12% upside. Analyst Alan Gould kept his buy rating on shares as well. Gould’s price target revision comes after Disney agreed to pay Comcast another $438.7 million to finalize its purchase of Hulu, concluding an appraisal process that has lasted since 2023. That amount is well below a potential liability of about $5 billion. Disney has already paid Comcast $8.6 billion for its…
The race for global supremacy in AI and the existential threat it represents to the status quo in the tech industry, and beyond, has led to record venture investment in startups.The top five companies on this year’s Disruptor 50 list — including a new No. 1 Disruptor from the defense tech sector — have a combined valuation of just under $500 billion. That is more than the combined total valuation of almost every past Disruptor 50 list over the last 12 years.One recently hauled in the largest VC round ever, and as consumer and business use of AI rapidly grows,…
