Positive: Analysts raise price targets for Nvidia and Apple, predicting strong demand and revenue beats. Negative: Tesla's downside risk flagged.

From Investing.com: 2024-07-28 03:31:33

Analysts lift Nvidia price targets ahead of Blackwell launch, expecting continued strong demand for B100/B200 products and a potential $2 billion revenue beat for the July quarter. Amazon identified by Wells Fargo as ‘most favored long among mega-caps’ due to strong performance expectations and positive forward commentary. Apple seen as ‘more stable AI play for volatile times’ with a stock price target increase to $250, expecting positive near-term trends for iPhone and Mac sales and AI features driving a multi-year upgrade cycle. Baird recommends buying QCOM after recent pullback, anticipating AI to boost ASPs in various components starting with iPhone 16. UBS reiterates Sell rating on Tesla due to overvaluation and challenges in automotive business, noting substantial downside risk if confidence in future AI initiatives like robo-taxis wavers.



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