Latest news with #Street-high
Yahoo
3 days ago
- Business
- Yahoo
Broadcom (AVGO)'s New Tomahawk 6 Chip Boosts AI Potential, Analysts Stay Bullish Ahead of Earnings
We recently published a list of . In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against other buzzing AI stocks on latest news and ratings. On June 4th, Seaport reiterated Broadcom Inc. (NASDAQ:AVGO) as 'Buy,' stating that it is bullish on the company's new Tomahawk chip. The firm also said that it is sticking with the stock heading into earnings on Thursday. In a Monday report, Reuters unveiled that Broadcom has begun shipping the Tomahawk chip, which is its latest networking chip that aims to speed AI. A technician working at a magnified microscope, developing a new integrated circuit. The chip promises double the performance compared with the prior version and other traffic control features, making it significantly more efficient. According to Ram Velaga, a Broadcom senior vice president, the chip can be used to construct the larger data centers that are necessary for AI. These can be over 100,000 graphics processors (GPUs) strung together. 'Broadcom launched its flagship networking chip, Tomahawk 6. Broadcom has a very strong track record in networking. The new chip firmly positions the company as the leading contender against Nvidia for the AI compute market.' Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $252 implies a 3% upside, however, the Street-high target of $301 implies an upside of 15%. Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. Overall, AVGO ranks 2nd on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Analysts Reaffirm Nvidia (NVDA) as a Top Pick Amid Blackwell Ramp and AI Investment Boom
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other buzzing AI stocks on latest news and ratings. On June 4th, Wedbush reiterated NVIDIA Corporation (NASDAQ:NVDA) as 'Outperform.' The firm believes Nvidia is a top idea for the 'industrial revolution.' 'We view Nvidia's intermediate term growth profile as likely to parallel broader favorable consumption/investment trends in these industries, bolstered by ramping Blackwell projects and large private and sovereign AI investments.' In other news, Jefferies has added six new names to its list of 'highest-conviction, Buy-rated' stocks, and NVIDIA Corporation didn't fail to make it on the list. Owing to its Blackwell Ultra chips and strength in networking, the firm sees upside to the company's full-year 2025 guidance. It was especially impressed with the company's quarterly results, particularly its revenue projection that was largely in-line with analysts expected despite the impact from U.S. export curbs. Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $175 implies a 23% upside, however, the Street-high target of $235 implies an upside of 66%. NVIDIA specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. Overall, NVDA ranks 1st on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Summit Insights Upgrades NVIDIA (NVDA) to Buy After Earnings Beat, Says Key Risks Are Priced In
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks on latest news and ratings. On May 28, Summit Insights upgraded NVIDIA Corporation (NASDAQ:NVDA) to 'Buy' from Hold following its Q1 results and guidance. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. The AI-darling reported revenue of $44.1 billion for the quarter, surpassing analyst estimates of $43.3 billion, as per data compiled by Bloomberg. The company reported $26 billion in the same period last year. Meanwhile, adjusted earnings per share, excluding the charge for the H20 chips, were $0.96. EPS topped estimates of $0.93 and exceeded earnings per share of $0.61 from last year. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. The company reported that it anticipates an estimated $45 billion in sales in the current quarter, as compared to LSEG's estimates of $45.9 billion of sales in the July quarter. It also said its guidance would have been about $8 billion higher except for lost sales from the recent export restriction on its H20 chips. Summit Insights upgraded Nvidia following the earnings report. The analyst told investors in a research note that major overhangs, such as the risk of double-ordering on its Hopper generation AI GPU and the risk of China export controls, are now priced into the stock. The firm also believes that the data center capital spending for the training market will remain robust and benefit Nvidia AI GPU and data center networking businesses. Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $160 implies an 18% upside, however, the Street-high target of $235 implies an upside of 75%. Overall, NVDA ranks 2nd on our list of AI stocks on latest news and ratings. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
Truist Reiterates Buy on Amazon.com (AMZN) as Q2 Revenue Tracks Ahead
We recently published a list of . In this article, we are going to take a look at where Inc. (NASDAQ:AMZN) stands against other AI stocks on Wall Street's radar. Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. On May 23, Youssef Squali from Truist Financial maintained a 'Buy' rating on the stock. The firm said it is sticking with the e-commerce giant. 'Halfway through 2Q25, Amazon NA [North America] revenue looks to be tracking ahead of consensus. Our analysis of the Truist Card Data (through 5/19) indicates that Amazon's QTD US Revenue for 2Q25 is tracking $1-2B ahead of consensus expectations of ~$97B, implying a healthy 8-9% Y/Y growth, which is in line with growth in 1Q25, reflecting no notable impact from macro concerns.' A customer entering an internet retail store, illustrating the convenience of online shopping. Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $235 implies a 16.9% upside, however, the Street-high target of $288 implies an upside of 43.29%. Overall, AMZN ranks 1st on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Nvidia (NVDA) Gets Bullish Nod From BofA; Wall Street Sees Up to 76% Upside
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks that investors are watching today. Speaking on CNBC's 'Halftime Report', CEO of Ritholtz Wealth Management and CNBC PRO contributor Josh Brown said that he believes the most important theme for the stock market right now is artificial intelligence, not tariffs. 'The most important thing to come out of this past earnings report is that AI is more important than tariffs to the stock market.' Brown cited JPMorgan research, noting that the term 'AI' was mentioned 2.6 times more often than the word 'tariff' in the last round of S & P 500 earnings reports. READ NOW: and He even said that those Big Tech companies that affirmed or raised guidance have been saviors, protecting the stock market from the massive turmoil in April. 'This is an AI driven tape. This is still the most important theme in the entire market. Yes, there are other themes. Yes, there are other sectors doing well, but absent AI, there's just no chance that we would have pulled this this spring out of the hole the way that we have, and that's because of the affirmed guidance.' That said, a report from Silicon Valley Bank has revealed how venture capital firms focused on artificial intelligence are behind much of the growth in the startup market. Meanwhile, companies in other areas are struggling to raise cash. 'Exclude AI investment and the story changes. There is no meaningful uptick for companies not leveraging AI, with investment from this group essentially flat for the last year.' For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points ().NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. Bank of America reiterates Nvidia as buy. The firm said it came away feeling more bullish after the CEO's keynote address at the Computex conference. 'NVDA's key differentiators include its ability to: 1) expand its addressable market across multiple vectors of silicon, systems, software and services, 2) drive scale with global supply-chain partners, and 3) solid balance sheet to make strategic investments in the ecosystem.' Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $160 implies a 19% upside, however, the Street-high target of $235 implies an upside of 76%. Overall, NVDA ranks 3rd on our list of AI stocks that investors are watching today. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
