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☆ Mercedes-Benz is working through supply chain challenges, CEO says
▼ + stars: | 2024-02-22 | 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 EmailMercedes-Benz is working through supply chain challenges, CEO saysMercedes-Benz CEO Ola Källenius discusses the German carmaker's full-year 2023 earnings report and explains how the company is navigating "exceptional levels of uncertainty."

Persons: Ola Källenius Organizations: Mercedes, Benz

☆ Demand for Nvidia's chips is so high that Jensen Huang had to assure analysts the company is allocating them 'fairly'
▼ + stars: | 2024-02-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

CEO Jensen Huang assured analysts that the company is distributing chips "fairly." Nvidia's fourth-quarter revenue surpassed Wall Street expectations, reaching $22.1 billion. AdvertisementHot chip stock Nvidia has a problem — a good one. The company is seeing so much demand for its AI chips that cofounder and CEO Jensen Huang had to give assurance that the company is allocating them "fairly." Nothing is more difficult than to have anything sit around," said Huang, saying Nvidia wants to avoid "allocating unnecessarily."

Persons: Jensen Huang, —, Huang, OpenAI's ChatGPT, Cathie Wood Organizations: Nvidia, Service, Street

☆ Nvidia is 'jet fuel' for the stock market, say Wall Street analysts
▼ + stars: | 2024-02-22 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The stock surged 14% in premarket trading, putting it on course to boost its value by $240 billion. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHere's how analysts are reacting to Nvidia's latest report. Advertisement"This was a 'game-changing moment' for the tech bulls and puts jet fuel in the tech bull market thesis," he added.

Persons: —, it's, Jensen Huang, Kathleen Brooks, XTB, we've, Brooks, hadn't, Dan Ives, AI Jensen, Ives, Jason Hollands, Hollands, Russ Mould, AJ Bell, Mould Organizations: Nvidia, Service, Nikkei, Big Tech Locations: Europe, Bestinvest

☆ The Nvidia trade looks crowded ahead of the chipmaker's earnings report, according to the charts
▼ + stars: | 2024-02-21 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Nvidia has been awarded the flagship status of companies leading the artificial intelligence revolution, and all eyes turn to fourth-quarter earnings after the bell Wednesday. The expectations are massive compared to the same quarter last year — and even compared to last quarter's earnings. The massive gains in price reflect this historic growth and the question is will the chart continue its rally following earnings? On Jan. 9 , I wrote about NVDA breaking through the 2023 resistance zone of $500 with targets of $650 in the first half of this year, and $775 in all of 2024. Expectations are for earnings of $4.59 per share vs 88 cents in Q4 of '23 and $4.02 in Q3 of '24.

Persons: It's, Eli Lilly, Elliott, Gordon, NVDA Organizations: Nvidia, UBS, Elliott, Tactical Alpha, Edge

☆ Ford, UAW reach local labor deal to avert strike at Kentucky plant
▼ + stars: | 2024-02-21 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, U.S., April 27, 2023. Ford and a United Auto Workers local union reached a tentative deal on Wednesday to avert a strike at the automaker's most profitable plant. The UAW had threatened that nearly 9,000 workers at Ford's Kentucky truck plant would strike on Friday if local union demands were not resolved. The UAW said Tuesday the deal addresses local issues related to skilled trades, ergonomics and health and safety. Workers at the plant produce Ford Super Duty pickups as well as Ford Expeditions and Lincoln Navigator SUVs.

Persons: Ford, —, — CNBC's Michael Wayland Organizations: Ford Super Duty, United Auto Workers, UAW, Workers, Ford, Ford Expeditions, Lincoln, Big Three, — Ford, General Motors, Local Locations: Kentucky, Louisville , Kentucky, U.S, Ford's Kentucky, Louisville

☆ CNBC Daily Open: Is the final leg of inflation fight the hardest?
▼ + stars: | 2024-02-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hong Kong ralliesHong Kong stocks rallied on Wednesday, while the wider region traded mixed. U.S. stocks tumbled overnight, dragged lower by a 4.4% drop in Nvidia shares ahead of the chipmaker's earnings report. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.

Persons: Pina, Dow, Noel Quinn, Nikesh Arora, Andrew Amoils Organizations: CNBC, CSI, Nvidia, Nasdaq, HSBC, Palo, Palo Alto Networks, New Locations: Brooklyn, New York, Hong Kong, U.S, Vietnam

A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Washington on January 25, 2024. The company's 737 program head, Ed Clark, is leaving the company, Stan Deal, CEO of Boeing's commercial airplane unit, said in memo to employees. "Ed departs with my, and our, deepest gratitude for his many significant contributions over nearly 18 years of dedicated service to Boeing," Deal said. A month after the Alaska Airlines flight, Boeing said misdrilled holes on some Max planes would delay handovers of the aircraft to airlines. The door plug that blew out of the almost brand-new 737 Max 9 used for Alaska Airlines Flight 1282 has already brought increased scrutiny and restrictions from federal regulators.

Persons: Max, Ed Clark, Stan Deal, Katie Ringgold, Deal, Elizabeth Lund, Lund, Ed, it's Organizations: Renton Municipal Airport, Boeing, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, Airbus, CNBC PRO Locations: Renton, Renton , Washington, Alaska, United

☆ S&P 500 futures rise slightly in overnight trading, Nvidia shares jump: Live updates
▼ + stars: | 2024-02-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

S&P 500 futures edged up in overnight trading Wednesday, boosted by a jump in Nvidia shares as the chip giant posted record revenue and issued upbeat guidance. S&P 500 futures rose 0.5% and Nasdaq 100 futures gained 1%. Nvidia shares popped more than 8% in after-hours trading after the chip company said total revenue rose a whopping 265% from a year ago, driven by its booming artificial intelligence business. AI enthusiasm has powered the jaw-dropping rally in Nvidia, along with other Big Tech names, over the past year. "Investors should know that the path of disinflation will likely be choppy, creating volatility in the rates market," said Jeffrey Roach, chief economist at LPL Financial.

Persons: David Russell, Jeffrey Roach Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Nvidia, Big Tech, Bears, Federal, LPL, Moderna, Builders, Live, Booking Holdings, Intuit Locations: U.S

☆ Palo Alto Networks shares drop most since 2012 IPO
▼ + stars: | 2024-02-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Nikesh Arora, CEO of Palo Alto Networks, speaks on CNBC's "Squawk Box" at the WEF Annual Meeting in Davos, Switzerland, on Jan. 16, 2024. Palo Alto Networks shares dropped 28% on Wednesday, the worst trading session since the cybersecurity hardware and software maker's 2012 initial public offering. The company lowered its full-year billings outlook to a range of $10.1 billion to $10.2 billion, from $10.7 billion to $10.8 billion. The revenue guidance moved to a range of $7.95 billion to $8 billion, from $8.15 billion to $8.2 billion. WATCH: Chart of the Day: Palo Alto Networks

Persons: Nikesh Arora, Palo, Wells, Andrew Nowinski, Stefan Schwarz, Arora, — CNBC's Rohan Goswami Organizations: Palo Alto Networks, MGM Resorts, Defense, Systems, Rosenblatt Securities, Palo Alto Locations: Davos, Switzerland, 23andMe, U.S, Palo, billings

☆ Nvidia lives up to the earnings hype and then some, prompting our big price target hike
▼ + stars: | 2024-02-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

NVDA 5Y mountain Nvidia 5 years The Nvidia phenomenon is something for all investors to take note of and study. The first question we got on the call was in relation to the sustainability of the Data Center sales momentum. Generative AI isn't possible in a data center built for traditional general-purpose computing. In fact, Nvidia believes AI inferencing was responsible for about 40% of Data Center sales over the past year. This is why Nvidia was designated by Jim Cramer and the Club as an "own it, don't trade it" stock.

Persons: Jensen Huang, it's Nvidia's, Thursday's, we've, Colette Kress, we're, Nvidia's Huang, Huang, inferencing, It's, Jim Cramer, Apple's, Jim Cramer's, Jim, Ann Wang Organizations: Nvidia, Revenue, U.S, Data, Microsoft, Moore's Law, world's, Management, Software, Enterprise, Club, Apple, CNBC Locations: tacking, China, Taipei, Taiwan

☆ CNBC Daily Open: Is the battle against inflation getting tougher?
▼ + stars: | 2024-02-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 30-stock Dow fell 0.17%. Palo Alto Networks dipsShares of Palo Alto Networks fell 19% in extended trading, after the cybersecurity company lowered its full-year outlook. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.

Persons: Jerome Powell, Dow, Nikesh Arora, Amazon's Dow, Yemen's Organizations: Federal Reserve, New York Stock Exchange, CNBC, Nvidia, Nasdaq, Palo, Palo Alto Networks, Walgreens, Dow Industrial, Dow Jones Indices Locations: New York City, U.S, Red, Rafah

☆ Stocks making the biggest moves midday: Nvidia, SolarEdge, Teladoc, Wingstop and more
▼ + stars: | 2024-02-21 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

First-quarter revenue is expected to be $175 million to $215 million, far below the $406 million forecast. Teladoc posted $661 million in revenue, below the $671 million consensus forecast from LSEG, formerly known as Refinitiv. Wingstop — The restaurant chain slipped 4% despite reporting fourth-quarter earnings and revenue that topped analysts' estimates. However, total revenue growth came down for the fourth consecutive quarter. Wix.com reported fourth-quarter earnings of $1.22 per share, more than the consensus estimate from StreetAccount of earnings of 96 cents per share.

Persons: SolarEdge, Teladoc, Alan Shaw, —, Dow, Wingstop, Wix.com, CNBC's Hakyung Kim, Michelle Fox, Lisa Kailai Han, Jesse Pound, Samantha Subin, Yun Li, Sarah Min Organizations: Nvidia, Wall, Palo Alto Networks, Toll, Norfolk Southern, Barclays, Walgreen Boots, Dow Jones, Walgreens, Alliance, Dow Jones Industrial, Walgreens Boots Alliance, HSBC —, HSBC, Bank of Communications, Garmin —, Garmin Locations: Palo, billings, LSEG, U.S, China

☆ Data center capacity constraints could 'hurt' Nvidia's longer-term revenue, according to UBS
▼ + stars: | 2024-02-20 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Data center capacity constraints could one day eat into Nvidia's revenue potential, according to UBS analysts. "A major factor that we believe will probably start coming into play is data center capacity — which we do think starts to hurt revenue, albeit maybe more in 2026 than in 2025," Arcuri said, in a separate report. For the fourth quarter, UBS expects Nvidia to report data center revenue of $19.45 billion, which would entail sequential growth of 34%. It also expects revenue and earnings per share, as well as data center revenue, to increase in 2025 and 2026. According to FactSet, average estimates for data center revenue are around $17.06 billion and $20.4 billion in total revenue for the fourth quarter.

Persons: Timothy Arcuri, Carlos Colorado, Arcuri Organizations: UBS, UBS —, Nvidia, Microsoft, Amazon Locations: Colorado, U.S

☆ Nvidia tumbles ahead of earnings report, providing an opening for new investors
▼ + stars: | 2024-02-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Nvidia shares were down sharply, one day before the leading artificial intelligence chipmaker's pivotal earnings report Wednesday evening. Tuesday's stock decline presents a great entry point for investors who don't own Nvidia, according to Jim Cramer. Investors who have been waiting for an opportunity to own Nvidia are getting one Tuesday, Jim said. Even for investors who have long owned the stock, Nvidia's decline Tuesday was welcome news. That is especially true if Nvidia's results and guidance don't surpass expectations at all.

Persons: Jim Cramer, Nvidia's, Jim, outperformance, it's, Jim Cramer's, Marlena Sloss Organizations: Nvidia, Investors, Nvidia's, Microsoft, Meta, CNBC, Bloomberg, Getty Locations: Santa Clara , California

☆ Ford cuts prices of electric Mustang Mach-E by up to $8,100
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: +2 min

People visit Ford's all-electric SUV Mustang Mach-E at the 2019 Los Angeles Auto Show in Los Angeles, the United States, Nov. 22, 2019. Ford Motor Co on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January. The Dearborn, Michigan-based automaker said U.S. sales of the Mach-E fell by 51% in January to 1,295. Ford and other legacy automakers have slowed their EV push to instead focus on higher-margin hybrid and gas-powered models. Ford said in January it would reduce production of its F-150 Lightning pickup truck, cutting production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1.

Persons: Ford, Elon Organizations: Angeles Auto, Ford Motor Co, . Treasury Department, Treasury, Reuters, Internal Revenue Service, Ford, Michigan Rouge Electric Vehicle Center Locations: Ford's, Los Angeles, United States, Dearborn , Michigan, China

Stocks fell Tuesday as Nvidia led a broader tech decline ahead of the chipmaker's earnings report. Shares of Nvidia , which is set to report earnings Wednesday after the bell, fell more than 5%. Although Nvidia is expected to post impressive results, investors have expressed concerns about its sky-high valuation. Walmart shares added more than 4% after the big-box retailer also beat quarterly earnings and revenue expectations, fueled by double-digit growth in the company's global e-commerce sales. Tuesday kicks off the shortened trading week after U.S. markets were closed Monday in observance of the birthday of George Washington.

Persons: Stocks, Sam Stovall, George Washington Organizations: New York Stock Exchange, Nvidia, Dow Jones, Nasdaq, Microsoft, Meta, CFRA Research, Discover Financial Services, Discover, Walmart, Federal Reserve

☆ Tesla's design chief leads workouts in the company parking lot
▼ + stars: | 2024-02-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tesla's design chief, Franz von Holzhausen, conducts fitness sessions at the company's parking lot. Von Holzhausen leads a team of around 300 at a converted airplane hangar in Los Angeles. AdvertisementTesla's design chief Franz von Holzhausen isn't all work and no play — at least according to a new profile of the Cybertruck designer. Von Holzhausen, who has worked closely with Tesla CEO Elon Musk, likes to lead fitness training in the company parking lot, The Wall Street Journal reported on Friday. Though, von Holzhausen told the publication the billionaire is still "very involved" and sometimes shares design ideas from social media.

Persons: Franz von Holzhausen, Von Holzhausen, Elon Musk, —, Franz von Holzhausen isn't, von Holzhausen, Von Holzhausen didn't, Tesla, Walter Isaacson's, Musk, who've, Von Holzhausen's, Holzhausen, Jay Leno's Organizations: Service, Tesla, Street, Business, Volkswagen, General Motors, Mazda, Twitter, Apple, Jay Leno's YouTube Locations: Los Angeles

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Nvidia is now worth more than Alphabet and Amazon. These 4 charts show the chipmaker's surge to a $1.8 trillion valuation.
▼ + stars: | 2024-02-15 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Nvidia passed Google owner Alphabet to become America's third most valuable company on Wednesday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementNvidia is now worth more than its Big Tech rivals Alphabet and Amazon — as well as the entirety of China’s stock market . The chipmaker’s market capitalization passed Amazon’s on Tuesday and Alphabet’s on Wednesday to stand at $1.83 trillion at Wednesday’s closing bell. This story is available exclusively to Business Insider subscribers.

Persons: —, Alphabet’s Organizations: Nvidia, Google, Service, Big Tech, Business

☆ Renault CEO: EV pricing is challenging, but industry must 'fight' for the technology
▼ + stars: | 2024-02-15 | 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 EmailRenault CEO: EV pricing is challenging, but industry must 'fight' for the technologyRenault Group CEO Luca de Meo speaks on the automaker's full-year results, its "prudent" guidance and the electric vehicle market.

Persons: Luca de Meo Organizations: Renault

☆ Ford CEO tells Wall Street to forget Tesla, says 'Pro' business is the future of the auto industry
▼ + stars: | 2024-02-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. DETROIT – Ford Motor CEO Jim Farley on Thursday urged Wall Street to forget about Tesla and its FSD driver-assistance systems as the future of the auto industry, arguing investors should instead focus on the Detroit automaker's "Pro" fleet business. Look at Ford Pro. Ford expects the Pro unit's pre-tax earnings to increase to between $8 billion and $9 billion this year, the automaker said earlier this month. Tesla does not break out revenue or earnings from its premium driver-assistance software, marketed as its Full Self Driving Beta, FSD or FSD Beta.

Persons: Jim Farley, Farley, It's Organizations: Ford Motor Co, Ford, Amperex Technology, DETROIT, Ford Motor, Detroit, Deere, Co, Ford Pro, Research, Pro Locations: Marshall , Michigan, Romulus , Michigan

☆ 2 takeaways from Ford CEO Jim Farley that boost our confidence in the automaker's stock
▼ + stars: | 2024-02-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Ford CEO Jim Farley discussed a range of topics Thursday from hybrid and electric vehicles to how the automaker is dealing with international competitors. Ford Pro "If you're looking for the future of the automotive industry stop looking at FDS [full self-driving] and Tesla , look at Ford Pro," Farley said. The transformation of Pro, Farley said, has been a notable success for the company. "We always had a super successful Pro business … but there was no focus on it." Despite the success of Pro, Ford continues to lose money in its Model e business, which hosts its fleet of electric vehicles.

Persons: Jim Farley, Farley, Ford, Li Auto, Warren Buffett's Berkshire, BYD, Jim Cramer's, Jim Cramer, Jim Organizations: Wolfe Research, Club, Ford, Ford Pro, Warren Buffett's Berkshire Hathaway, CNBC Locations: U.S, Europe, EVs, China, Warren Buffett's, Berkshire, breakeven

☆ Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company
▼ + stars: | 2024-02-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Nvidia surpassed Google parent Alphabet in market capitalization on Wednesday. Nvidia rose over 2% to close at $739.00 per share, giving it a market value of $1.83 trillion to Google's $1.82 trillion market cap. The move comes one day after Nvidia surpassed Amazon in terms of market value. Nvidia shares are up over 221% over the past 12 months on robust demand for its AI server chips that can cost more than $20,000 each. Before the recent AI boom, Nvidia was best known for consumer graphics processors it sold to PC makers to build gaming computers, a less lucrative market.

Organizations: Nvidia, Google, U.S ., Apple, Microsoft

☆ Bank of America says try the 'Magnificent 80' portfolio instead as income investing comes back into favor
▼ + stars: | 2024-02-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The narrow stock market rally could broaden out beyond megacap tech, and investors should target the "Magnificent 80" stocks, according to Bank of America's Savita Subramanian. Both are key reasons Subramanian sees the market rally broadening, alongside an expected spike in volatility tied to the U.S. election and Federal Reserve interest rate cuts. To play the expected widening market rally, Subramanian points toward the so-called "Magnificent 80" stocks, which are composed largely of companies with strong fundamentals. These names, which Bank of America screened for, have higher equity income potential than cash, touting competitive dividend yields. Here are a few of those Magnificent 80 companies that are rated buy by Bank of America.

Persons: Bank of America's Savita Subramanian, Subramanian, Philip Morris Organizations: Bank of America's, Microsoft, Nvidia, Tesla, Federal, Bank of America, Ford, Bank, America's, Wall, Chevron, Truist

UBS hiked its price target on Nvidia , citing an attractive valuation and strong demand for its chips. The firm upgraded shares to overweight from neutral and upped its target price by $17 to $68, which implies 24.3% potential upside. He upgraded shares to buy from neutral and increased his price target from £17 to £21. — Pia Singh 5:47 a.m.: UBS hikes Nvidia price target UBS is getting even more bullish on Nvidia ahead of the chipmaker's fiscal fourth-quarter earnings report. Despite the price target increase, Nvidia shares were down 1% in the premarket.

Persons: Riley Securities downgrades, Jeff Lick, Children's, Lick, — Pia Singh, Piper Sandler, Trimble, Clarke Jeffries, Mark Palmer, Palmer, Andrew Baum, Baum, GSK's, Timothy Arcuri, Arcuri, NVDA, Fred Imbert Organizations: CNBC, UBS, Nvidia, Citi, GSK, Riley Securities, Children's, Investment, Block Locations: Lick, Monday's, C2H

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