UBS Raises Nvidia Target: UBS analysts upped Nvidia’s price target to $1,100, citing its unique market creation abilities and anticipated demand surge from global enterprises and sovereign states. They foresee Nvidia’s revenues hitting $150 billion in 2025, driving an upward revision in targets.
Rosenblatt Boosts Micron Target: A Rosenblatt analyst raised Micron’s price target to $225, envisioning over 100% upside potential. With Micron’s advancements in power-efficient solutions and projected HBM3e-driven market share growth, the outlook is optimistic, anticipating a robust DRAM up-cycle into 2026.
Morgan Stanley Bullish on Apple: Morgan Stanley identifies Apple’s Edge AI initiatives as underappreciated market catalysts, reaffirming an Overweight rating with a $220 price target. They anticipate generative AI solutions to offset concerns like China demand and legal issues, with upcoming events like the developer conference and iPhone 16 launch serving as potential boosts.
Redburn Downgrades MongoDB, Snowflake: Redburn Atlantic downgraded Snowflake and MongoDB to Sell from Neutral, citing a lack of clear Gen-AI advantage and potential budget reallocation risks not reflected in their valuations.
AI Correction as Buying Opportunity – UBS: UBS strategists view the recent downturn in AI-related tech stocks as a buying opportunity, anticipating continued benefits from infrastructure development and corporate spending intentions. They recommend diversifying tech portfolios beyond established leaders, considering emerging AI firms for long-term growth.