Artificial intelligence chip stocks saw a rise on Friday due to positive reports from Wall Street analysts, with Nvidia (NVDA) stock being one of the gainers. BofA Securities analyst Vivek Arya expressed strong support for a portfolio of AI chip stocks, highlighting a “generational capex cycle in generative AI infrastructure.” Arya mentioned that the data … Read more
Loop has initiated coverage of AppLovin as a buy, stating that the software publisher is an indispensable infrastructure for the mobile gaming industry. They have given it a Buy rating and a $181 price target. Bernstein has initiated Costco as outperform, highlighting it as the highest quality company in their coverage. Despite trading at an … Read more
According to technical analyst Mark Newton of Fundstrat, the stock market could experience a 7% correction by mid-November. Newton believes that investor complacency and weak seasonal trends could trigger this decline. However, he views any potential pullback as a buying opportunity, commonly known as a “buy the dip” strategy. Newton stated in a note to … Read more