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☆ Applied Materials dominate their space and nothing has structurally changed, says Mizuho's Rakesh
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApplied Materials dominate their space and nothing has structurally changed, says Mizuho's RakeshVijay Rakesh, Mizuho managing director, joins 'The Exchange' to discuss why Applied Materials moved lower in Friday's session, if there's reason to be concerned about the performance of semiconductors, and the fate of electric vehicles in the United States.

Persons: Mizuho's Rakesh Vijay Rakesh, Mizuho Organizations: Materials Locations: United States

Citi lowered its price target on Micron Technology ahead of earnings. The analyst downgraded the solar photovoltaic system stock to underperform from hold and lowered its price target to $17 per share from $27. The firm upgraded the biotechnology stock to buy from hold and raised its price target to $150 per share from $95. The firm initiated coverage of the personal computing and technology stock with an outperform rating and a $135 per share price target. "Shopify holds a significant advantage in the social ecommerce space, with its breadth of direct social media integrations that are crucial for social ecommerce," Ball added.

Persons: Jefferies downgrades SolarEdge Jefferies, Dushyant Ailani, Brian Evans, BioNTech Jefferies, Jefferies, BioNTech, Akash Tewari, Vijay Rakesh, DELL, — Brian Evans, Dominic Ball, Ball, Shopify, Christopher Danely, Danely, Fred Imbert, ~$ ( ~ $ ~$) Organizations: CNBC, Tuesday, Citi, Micron Technology, Jefferies, BNT327, Mizuho, Dell, Mizuho Securities, Micron, MU Locations: Europe, 2024E, China, Monday's

☆ Judge puts $2.78 billion NCAA settlement on hold
▼ + stars: | 2024-09-06 | by ( ) edition.cnn.com time to read: +2 min

Reuters —The proposed $2.78 billion settlement of the House v. NCAA antitrust case is on hold after U.S. District Judge Claudia Wilken expressed reservations about the terms on Thursday in Oakland, California. Wilken stated her concern about provisions of the deal that could affect name, image and likeness (NIL) payments to student-athletes. She also voiced concern that future college athletes might be restricted by the pending revenue agreement, which will last 10 years. Currently, boosters can provide NIL payments to athletes that essentially serve as salaries. If they want to face that, it’s a decision they have to make.”The settlement would pay billions of dollars to current and former NCAA athletes.

Persons: Claudia Wilken, Wilken, “ I’m, ” Wilken, Rakesh Kilaru, Kilaru, we’ve, Jeffrey Kessler, It’s, it’s Organizations: Reuters, U.S, ESPN, NCAA Locations: Oakland , California

While keeping his outperform rating, Vijay Rakesh chopped $10 off his price target to $145. The Oreo maker should see above-average earnings growth, Jordan said, and the stock itself is a high-quality core holding. — Alex Harring 5:50 a.m.: UBS lays out earnings expectations for Nvidia UBS is remaining bullish on Nvidia heading into the artificial intelligence giant's earnings report. Analyst Timothy Arcuri reiterated his buy rating and $150 price target heading into earnings expected later this month. His price target of $23, up from $20, implies a gain of 28.3% over the next 12 months.

Persons: Piper Sandler, Vijay Rakesh, Rakesh, Alex Harring, Shaun Kelley, Kelley, — Alex Harring, Eli Lilly, Eli Lilly's, James Shin, Shin, Jefferies, Samad Samana, Samana, Goldman, Goldman Sachs, Mills, Leah Jordan, Jordan, Kraft Heinz, Timothy Arcuri, Arcuri, Patrick Moley, Morley, HOOD, Fred Imbert Organizations: CNBC, UBS, Mizuho, Micron, Seagate Technology, Western, Bank of America, Gaming, Consumer, Terre Haute, Kentucky Derby, Deutsche Bank, Par Technology, Jefferies, Conagra Brands, Hershey, Nvidia UBS, Nvidia Locations: Churchill, Northern, Northern Virginia, Kentucky, Robinhood

☆ Venus atmosphere shows potential signs of life — again
▼ + stars: | 2024-07-29 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

“We’re a long way from saying this, but if there is life on Venus producing phosphine, we have no idea why it’s producing it. So finding them in the atmosphere of Venus is interesting on that basis as well. But further analysis of that data by Clements’ team revealed weak traces of the molecule, reinforcing the theory. “To date, our analyses remain unchallenged in the literature,” said Mogul, who was not involved in the research of Clements’ team. While detecting phosphine and ammonia in Venus’ clouds is exciting, it is just the beginning of a longer journey to unravel the mysteries of that planet’s atmosphere, he said.

Persons: James, Maxwell, “ There’s, ”, Dave Clements, “, we’ve, Clements, ” Clements, Venus, Clements ’, Rakesh Mogul, Jane Greaves, NASA's, ” Greaves, Greaves, Javier Martin, Torres, Martín, Kate Pattle, ” Pattle, Pattle Organizations: CNN, Astronomical Society, Imperial College London, NASA, JPL, Caltech, Saturn, Venus, Telescope, California State Polytechnic University, ” Mogul, Cardiff University, Green Bank, Royal Astronomical Society, European Space Agency, University of Aberdeen, University College London Locations: Hull, England, Hawaii, SOFIA, ALMA, Pomona, United Kingdom, West Virginia

☆ Indebted Indian laborer finds life-changing $100,000 diamond
▼ + stars: | 2024-07-26 | by ( Aishwarya S. Iyer | ) edition.cnn.com time to read: +4 min

CNN —A debt-ridden laborer in central India said his family’s life has been “changed forever” after he unearthed a 19.22-carat diamond worth almost $100,000. “It shone spectacularly; I knew it was a diamond right then!” an audibly delighted Gond told CNN from his home in Panna district. The 19.22-carat diamond worth almost $100,000 found by Raju Gond. “This is a white diamond of 19.22 carat,” he told CNN. “We woke up early and got out again,” Gond told CNN.

Persons: Raju Gond, Rakesh, audibly, Gond, Kalyanpur, Panna, Anupam Singh Anupam Singh, Singh, ”, ” Gond, ” Raju Gond's, Raju Gond Singh, “ Organizations: CNN, Panna Diamond Office Locations: India, Madhya Pradesh, Panna district, Panna, ”

But Mizuho expects things will play out differently, and instead raises its price target on the electric vehicle maker, citing challenges with its robotaxis. Morgan Stanley stands by Starbucks, keeping it at an overweight, but lowering its price target. Fong's $155 price target suggests shares can jump another 19.3% over Thursday's closing level, building on a year of monster gains. Analyst Doug Anmuth hiked the mega-cap technology stock's price target by $100 to $750, now implying 14.9% upside from Thursday's close. While he upped his price target by $50 to $197, that fresh target reflects a drop of 18.3%.

Persons: Morgan Stanley, Cody Acree, Acree, — Alex Harring, Jon Tower, Chipotle, Alex Harring, BTIG, Marvin Fong, Fong, Carvana, CarMax, Doug Anmuth, Anmuth, Anmuth's, that's, he's, Christina Cheddar Berk, Vijay Rakesh, Rakesh, Joseph Spak, Spak Organizations: CNBC, UBS, Starbucks, JPMorgan, Netflix, Nvidia, Citi, Harbour, Tesla, robotaxis, Bloomberg Locations: Thursday's, premarket, China

☆ Southwest adds former US Airways CEO to board as it battles activist
▼ + stars: | 2024-07-08 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Southwest Airlines announced Monday that it's adding former US Airways CEO Rakesh Gangwal to its board of directors. The latest defensive maneuver aims to blunt Elliott's accusations that Southwest's board is long-tenured and insular. Gangwal was CEO of the now-defunct US Airways in the late 1990s and early 2000s, before founding Indian low-cost carrier IndiGo in 2006. Southwest announced the board expansion less than a week after it adopted a shareholder rights plan, limiting investors' ability to grow their stakes beyond a 12.5% threshold. Elliott is seeking the ouster of Kelly, Southwest's CEO before becoming executive chair, and Bob Jordan, who has served as Southwest's CEO since 2022.

Persons: Rakesh Gangwal, Elliott, Gangwal, Rakesh, Gary Kelly, Kelly, Bob Jordan, Jordan Organizations: Southwest Airlines, US, Elliott Management, US Airways, IndiGo, Southwest Locations: Asia

☆ Southwest Airlines activist Elliott threatens proxy fight for new leadership
▼ + stars: | 2024-07-08 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist investor Elliott Management said Monday it would mount a proxy fight to push for change at Southwest Airlines through a special shareholder vote unless management is willing to negotiate, citing a poison pill and board expansion that the investor views as "entrenchment maneuvers." Elliott in its letter to Southwest's board said it remained open to collaboration, but that the board had taken steps to box Elliott out. A proxy fight would be expensive and challenging for Elliott and Southwest Airlines. Activist investors can mount proxy fights if they are seeking to force change in a company's leadership or operations. Companies usually settle with Elliott, one of the most successful activist investors, rather than risk taking on the activist in a proxy battle.

Persons: Elliott Management, Elliott, Bob Jordan, Gary Kelly, underperformance, John Pike, Bobby Xu, expeditiously, Rakesh Gangwal, Pike, Xu Organizations: Southwest Airlines, Elliott, Southwest, Companies, Salesforce Locations: Southwest

☆ ‘Pig butchering’ crypto scam: Americans taking their lives after losing savings to international criminal gangs
▼ + stars: | 2024-06-17 | by ( Teele Rebane | Ivan Watson | ) edition.cnn.com time to read: +17 min

In early March, Dennis’ children scheduled a meeting to help their father get back on his feet after the scam. Matt and Adrienne lost their father Dennis to suicide in March after he fell victim to a cryptocurrency investment scam. Hard to believe I’m falling for a man I have never seen or spoken to,” Carina told him just a few weeks in. Carina, scam victimCarina didn’t tell her family about what had happened and the stress she was under until the very final moment. After months of hiding it, Carina told her family, who suggested she speak to Kraken directly.

Persons: Matt, “, Adrienne’s, Dennis Jones, Jessie, ”, Dennis, Dennis ’, Adrienne, ” Matt, Chris Turner, Amanda Swinhart, they’ve, Erin West, “ I’ve, I’ve, Erin, “ We’ve, Shawn Bradstreet, Jim Castel, Bradstreet, Bumble, GASO, that’s, Tom Booth Rakesh, Rakesh, “ Klara Semonov, Tawee Sodsong, Tom Booth Pachara, Jeff Rosen, ’ Carina, “ Evan ”, Carina, WhatsApp, ” Carina, Evan Van ”, CNN Evan, Evan, consoling, Jim Castel ‘, ” Dennis messaged, ” Adrienne, Carina didn’t, “ It’s, ” Dennis ’ Organizations: Lifeline, International Association for Suicide Prevention, Befrienders Worldwide, CNN, Facebook, FBI, San, LinkedIn, Meta, Indian, Thai National Broadcasting, Befrienders Locations: Virginia, Southeast Asia, scammers, Santa Clara, California’s Bay, San Francisco, Myanmar, Cambodia, Laos, Thailand, Thai, ”, Russian, Salt Lake City, scamming

☆ Nvidia: Here's why Mizuho analyst Vijay Rakesh raised the price target on the stock
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia: Here's why Mizuho analyst Vijay Rakesh raised the price target on the stockVijay Rakesh, Mizuho managing director and senior analyst, joins 'Squawk on the Street' to discuss the latest recap on the Nvidia earnings report.

Persons: Vijay Rakesh, Mizuho Organizations: Nvidia

☆ Welcome to the club: You're middle class but still counting your pennies
▼ + stars: | 2024-05-18 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

The middle class is more of a club than an income bracketThe ranks of middle-income earners have been shrinking, according to the Pew Research Center. A solid chunk of millionaires consider themselves middle class, despite accounting for just over 12% of American families. And there's good reasons," Lawrence R. Samuel, the author of the book "The American Middle Class: A Cultural History," told Business Insider. "Being middle class is almost like classless. Clinging to at least the mirage of the middle class might be important to upholding more core American ideals.

Persons: —, they're, Claire Tassin, Tassin, they'd, ALICE, Amanda, She's, there's, Rakesh Kochhar, That's, Kochhar, Lawrence R, Samuel, we're Organizations: Service, Business, Pew Research, Pew Research Center Locations: America, Texas

☆ Kenton Cool/Kami Rita Sherpa: Nepali and British climbers break their own records with successful Everest ascents
▼ + stars: | 2024-05-12 | by ( ) edition.cnn.com time to read: +2 min

CNN —A British climber and a Nepali guide have broken their own records for most climbs of Mount Everest, the world’s highest mountain, hiking officials said on Sunday. Rakesh Gurung, director of Nepal’s Department of Tourism, said Britain’s Kenton Cool, 50, and Nepali guide Kami Rita Sherpa, 54, climbed the 8,849-meter (29,032 foot) peak for the 18th and 29th time, respectively. Madison had teamed up with Kami Rita to climb the summits of Everest, Lhotse, and K2 in 2014. Kenton Cool is an institution,” Furtenbach, who is leading an expedition from the Chinese side of Everest, told Reuters. Kami Rita first climbed Everest in 1994 and has done so almost every year since, except for three years when authorities closed the mountain for various reasons.

Persons: CNN —, Rakesh Gurung, Britain’s Kenton Cool, Rita Sherpa, ” Garrett Madison, Madison, Kami Rita, Lukas Furtenbach, Kenton Cool, ” Furtenbach, New Zealander Sir Edmund Hillary, Tenzing, Rita Organizations: CNN, Nepal’s Department of Tourism, Madison Mountaineering, Austrian, Kenton, Reuters, Tenzing Norgay, Everest, Nepal Locations: British, Everest, U.S, Pakistan, Nepal, New Zealander, Nepal

☆ India election 2024: The indelible ink behind the world’s biggest election
▼ + stars: | 2024-05-02 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +7 min

The Election Commission uses indelible ink, or “voter ink”, to prevent fraud or duplicate votes. Sujit Jaiswal/AFP/Getty ImagesMore than 960 million people are eligible to vote in India’s election, the world’s biggest. “Indelible ink serves no other purpose,” said Irfan. The company now supplies indelible ink to more than 35 countries, including to Ghana beginning in the late 1970s. However, Ghana’s election commission recently announced it would phase out the use of indelible ink, opting for biometric verification methods instead.

Persons: CNN CNN —, ”, K Mohammed Irfan, Manish Swarup, Deepika Padukone, Sujit Jaiswal, Irfan, “, Ornit Shani, Shani, ” Shani, Prakash Singh, MVPL, Krishna Raja Wadiyar IV, Mukulika Banerjee, Rakesh Nair, Banerjee, haven’t, ‘ I’ve Organizations: CNN CNN, CNN, Getty, Universal, Bloomberg, London School of Economics, Reuters “ Locations: Neemrana, India, Mumbai, AFP, Mysuru, Karnataka, Chennai, Muzaffarnagar district, Uttar Pradesh, Mysore, Ghana, West Bengal

☆ This AI stock could fall 50% and has an 'exaggerated artificial intelligence narrative,' Morningstar says
▼ + stars: | 2024-04-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Arm , the British semiconductor design company, has seen its share price skyrocket since reporting third-quarter earnings in February. However, Morningstar believes the current share price is overvalued and could drop by 54% to $57. Morningstar's price target for Arm, which the firm calls a fair value estimate, is $57 per share. The consensus price target of 31 analysts covering Arm polled by FactSet points to a 14% downside. The research firm has raised its price target for Arm to $160, representing 28% upside from current levels.

Persons: Morningstar, Javier Correonero, FactSet, Vijay Rakesh Organizations: Nvidia, Apple, ARM, Mar, CNBC Pro, Mizuho Securities, Morningstar, Mizuho

☆ These are Mizuho's top stock picks for April, including home retailers and an energy name
▼ + stars: | 2024-04-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Mizuho is out with its top stock picks for April, and the selections include home retailers and an energy company. The newest additions for April include Lowe's Companies and Wayfair , as well as cruise line operator Carnival . Energy giant Chevron was one company where Mizuho said its bullish outlook is greater than the rest of the Street. The $280 price target represents about 16% upside from Lowe's closing price on Wednesday. Other top picks include Intuit and Meta Platforms .

Persons: It's, Mizuho, Piper Sandler, it's, David Bellinger, Nitin Kumar, Vijay Rakesh Organizations: Mizuho, Nvidia, Lowe's, Energy, Chevron, Hess Corp, Intuit, Meta Locations: North Carolina

☆ India Court Effectively Bans Madrasas in Big State Before Election
▼ + stars: | 2024-03-23 | by ( March | At A.M. | ) www.usnews.com time to read: +4 min

India holds a general election between April and June that Modi's Bharatiya Janata Party (BJP) is widely expected to win. The BJP's Tripathi responded that Muslim BJP leaders had no reason to fear because their community equally benefits from various government welfare programmes. Friday's order applies to all madrasas in the state, whether funded privately or by the government, Javed said. The court did not give a timeline for its order, but Javed said madrasas are unlikely to be closed right away. The northeastern state of Assam, also ruled by the BJP, has been converting hundreds of madrasas into conventional schools.

Persons: Saurabh Sharma, Krishna, Narendra Modi's, Iftikhar Ahmed Javed, Subhash Vidyarthi, Vivek Chaudhary, Anshuman Singh Rathore, Rathore, Modi, Ram, Babur, Rakesh Tripathi, madrasas, Sudhanshu Chauhan, Javed, Tripathi, Krishna N, William Mallard Organizations: Das NEW, Bharatiya Janata Party, BJP, Pradesh BJP, madrasas, Das Locations: Das NEW DELHI, India, Uttar Pradesh, Allahabad, Pradesh, Assam, New Delhi

☆ Nepal to require all Mount Everest climbers to use a tracking chip
▼ + stars: | 2024-03-01 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

CNN —Ahead of the 2024 Mount Everest season, Nepal has announced a new requirement that all climbers must rent and use tracking chips on their journey. “Reputed companies were already using them but now it’s been mandatory for all climbers,” Rakesh Gurung, director of Nepal’s department of tourism, told CNN. Once the climber returns, the chip will be removed, given back to the government, and saved for the next person. The majority of people who try to climb the 8,849-meter (29,032-foot) Mount Everest do so via Nepal, paying $11,000 apiece just for the climbing permit. It can take as long as two months to complete the Mount Everest climb.

Persons: ” Rakesh Gurung, Gurung, Bigyan Koirala, Manveena Suri Organizations: CNN, Mount Everest, Sherpa, ” Department of Tourism, Reuters Locations: Nepal, “, Everest, Malaysian

☆ Semiconductor stocks surged in 2023. Why investors may want to brace for volatility in the new year
▼ + stars: | 2024-01-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Prepare for volatility in the semiconductor industry after an exuberant 2023 that saw prices surge and left many companies with lofty valuations. "Higher valuations in my experience lead to higher investor expectations and those higher investor expectations typically lead to higher volatility," said Michael Brenner of FBB Capital Partners . Computer chip stocks surged in 2023, largely due to enthusiasm surrounding the use of artificial intelligence and the need for advanced semiconductors. Bracing for volatility Semiconductor companies have a lot to prove in 2024 after wowing investors last year. KeyBanc Capital Markets' John Vinh said in a recent note to clients that auto industry semiconductor demand in the new year will benefit Analog Devices , NXP Semiconductors and On Semiconductor .

Persons: Michael Brenner, Capital's Paul Schatz, Sylvia Jablonski, Robert Pavlik, Brenner, FBB, Jensen Huang, Nvidia aren't, Schatz, Jablonski, Intel's, Ross Seymore, Seymore, Brenner isn't, John Vinh, bode, Vinh, Mizuho's Vijay Rakesh, — CNBC's Michael Bloom Organizations: FBB Capital Partners, iShares Semiconductor, Dakota Wealth, Nvidia, Broadcom, Micron Technology, Devices, Deutsche, Marvell Technology, Taiwan Semiconductor, Infineon, EV, KeyBanc, NXP Semiconductors, Semiconductor, Qualcomm, Lam Research

☆ The wealth of middle class and lower-income Americans grew at faster rate than high earners early in the pandemic
▼ + stars: | 2023-12-04 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

The median wealth of lower-income households shot up 101% between December 2019 and December 2021, while the middle class enjoyed a 29% increase. High earners had a median net worth of $803,400 in December 2021, while the middle class and lower-income households had nest eggs of $204,100 and $24,500, respectively, Pew found. Half of these households had a net worth of $500 or less in December 2021, compared to a net worth of $0 two years earlier. Poorer Hispanic households had a median net worth of $0, compared to a negative net worth of $1,100 at the end of 2019. Other government reports show that lower-income Americans lost ground in 2022.

Persons: Pew, ”, Rakesh Kochhar Organizations: CNN, Pew Research Center, Pew, Census Bureau Locations: White

☆ GM looks like a 'buy' as long-term issues start to get resolved, says Mizuho's Vijay Rakesh
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM looks like a 'buy' as long-term issues start to get resolved, says Mizuho's Vijay RakeshVijay Rakesh, Mizuho analyst, joins 'Squawk on the Street' to discuss if fundamentals issues at General Motors are now getting fixed, what could be a key driver for the stock, and how GM measures with the competition.

Persons: Mizuho's Vijay Rakesh Vijay Rakesh Organizations: General Motors

☆ Monday's analyst calls: 30% upside for GM, Carvana upgrade, Anheuser-Busch downgrade
▼ + stars: | 2023-12-04 | by ( Brian Evans | ) www.cnbc.com time to read: +7 min

So far this morning there is a big auto stock upgrade and a big beverage downgrade, among other calls. Morgan Stanley dimmed its view on Citizens Financial , downgrading the stock to equal weight from overweight but maintained its $31 per share price target, implying roughly 9% upside. The firm made the chipmaker its top large cap pick on Monday, and reiterated an overweight rating alongside a $620 per share price target. The analyst raised his price target from $25 to $40, which represents 14% upside. "We continue to see ABI's broadly EM focused sales exposure as attractive combined with the company's market leading market share positions," analyst Mitch Collett said.

Persons: Morgan Stanley, Manan, Brian Evans, Piper Sandler, Piper Sandler's, Harsh Kumar, Kumar, Wells, Ike Boruchow, Boruchow, — Brian Evans, JPMorgan's Rajat Gupta, Carvana, John Melloy, Bud Light, Mitch Collett, Vijay Rakesh, Rakesh Organizations: CNBC, East West Bancorp, Citizens Financial, Citizens, West Bancorp, Nvidia, TAM, Wells, JPMorgan Carvan, JPMorgan, Deutsche Bank downgrades Anheuser, Busch, Deutsche Bank, Anheuser, Busch InBev, Staples, Beverages, Mizuho Securities Mizuho Securities, General, United Auto Workers, GM, Vehicles, UAW Locations: China, Wells, Friday's, North America, N.A

☆ After machines fail, 'rat miners' to help rescue 41 men stuck in Indian tunnel
▼ + stars: | 2023-11-27 | by ( Saurabh Sharma | ) www.reuters.com time to read: +3 min

SILKYARA, India, Nov 27 (Reuters) - Rescuers on Monday brought in "rat miners" to drill through a narrow pipe and help pull out 41 construction workers trapped in a tunnel in the Indian Himalayas for more than two weeks after high-powered machines failed, officials said. The men, low-wage workers from India's poorest states, have been stuck in the 4.5km (3 miles) tunnel in Uttarakhand state since it collapsed on Nov. 12. The men have been getting food, water, light, oxygen and medicines through a pipe but efforts to dig a tunnel have run into a series of snags with machines. "Rat mining" is a primitive, hazardous and controversial method used in India mostly to remove coal deposits through narrow passages. Mishra visited the site and spoke to the trapped men through a communication link.

Persons: Rakesh Rajput, Francis Mascarenhas, Harpal Singh, Mahmood Ahmad, Narendra Modi's, P.K, Mishra, Sakshi Dayal, YP Rajesh, Ed Osmond Organizations: Reuters, REUTERS, Government, Organisation, Authorities, YP, Thomson Locations: SILKYARA, India, Uttarakhand, Uttarkashi, Char, New Delhi

☆ Goldman, JPMorgan and others crank up Nvidia price targets in wake of latest earnings
▼ + stars: | 2023-11-22 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

Several analysts hiked their price targets for the stock to show they expect greater upside ahead after the latest financials. Below, CNBC Pro compiled a list of major investment firms that raised their price targets following the Nvidia report, along with their key conclusions: Goldman Sachs Analyst Toshiya Hari raised the price target by $20 to $625. Morgan Stanley Analyst Joseph Moore added $3 to his price target, bringing it to $603. BMO Capital Markets Like JPMorgan, BMO analyst Ambrish Srivastava hiked his target price by $50 to $650. Bernstein Analyst Stacy Rasgon increased his target price by $25 to $700, equating to 40% upside over the coming year.

Persons: Jensen Huang, chalked, Goldman Sachs, Toshiya Hari, Harlan Sur, Morgan Stanley, Joseph Moore, Aaron Rakers, Vivek Arya, Timothy Arcuri, NVDA, Ambrish Srivastava, Grace Hopper, Ruben Roy, Bernstein, Stacy Rasgon, Vijay Rakesh yanked, 2024E, INTC's, William Stein, Michael Bloom Organizations: Nvidia, CNBC Pro, Center, Foundry Service, JPMorgan, NVIDIA, " Bank of America, NVDA, UBS, BMO, Markets, AMD Locations: China, Tuesday's, CY24, CY25

Thursday's early calls featured a retail upgrade and an EV charging stock downgrade. The analyst reiterated his buy rating and $450 price target on the stock. Microsoft's AI cybersecurity solution Security Copilot, which was only recently expanded through an early access program on Oct. 19, already has tons of pent-up interest, Thill said. The firm downgraded shares from neutral to underperform and lowered its price target on the stock by $17 to $43. He gave the stock a $50 price target — $13 higher from the previous one — which implies 23.1% upside for shares since Wednesday's close.

Persons: Wells Fargo, Goldman Sachs, Kash Rangan, Rangan, Maia, Brent Thill, Thill, Vivek Arya, Arya, Raimo, Microsoft's, — Pia Singh, Elizabeth Suzuki, Vijay Rakesh, Rakesh, Vikram Bagri, Bagri, Fred Imbert, Edward Kelly, Kelly Organizations: CNBC, Citi, Microsoft's Ignite, Jefferies, Microsoft, Bank of America, Nvidia, Devices, Barclays, Advance, AAP, Mizuho, Intel, Mizuho Securities, Foundry, Foundry Services, Sapphire, Sierra, AMD, Wells Locations: Seattle, U.S, Wells Fargo, Wednesday's

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