Several brokerages are raising their price targets on Nvidia

Several brokerages are raising their price targets on Nvidia

A minute after the start of trading on the New York Stock Exchange, the Nasdaq index rose 0.4 percent, reaching 16,400.71 points, while the Dow Jones index rose 0.3 percent, reaching 39,618.82 points. The Standard & Poor's 500 index rose 0.3 percent to 5,236.21 points.

The yield on ten-year US government bonds is 4.47 percent, while the VIX index, also called the fear index, is rising 5.8 percent to 13.28.

On Tuesday, Home Depot and Alibaba report their quarterly numbers, and on Thursday, Walmart is among the companies to report their numbers.

Nvidia

After changing analysts at Jefferies, the brokerage house came out with a new recommendation to buy Nvidia, and at the same time raised the target price from 780 to $1,200. The new price target suggests a 33 percent upside for IT Rocket, which is already up 81 percent so far this year.

According to MarketWatch, HSBC raised its price target for Nvidia from $1,050 to $1,350, while reiterating its buy recommendation. Analyst Frank Lee believes that the market is underestimating the potentially significant revenues that artificial intelligence can generate.

On Monday, the stock rose 0.8 percent to $906 in the opening minutes.

GameStop

Keith Gill, the man who started short testing GameStop in 2021, published his first post in nearly three years. This sends the stock up 49 percent in the opening minutes.

the post, Image on X (Twitter) For a PC gamer who leans forward in his chair to focus and take the game more seriously, this is Gill's first post since 2021.

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precise

Handelsbanken stresses that Wednesday's US inflation numbers for April will be important to follow. They also have the ability to influence interest rate expectations in Norway.

“We remember last time's inflation numbers, which were stronger than expected, both for overall price growth and not least core price growth. This shatters the assumption that the strong rise in prices at the start of the year was driven by only temporary disruptions. Instead, Recent momentum suggests that US price growth may be on track to rise again, or at least stabilize slightly above 3S,” Handelsbanken writes in a report.

Hanisi Anenih

Hanisi Anenih

"Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst."

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