Live Nasdaq Composite: Markets Hold Steady as Wall Street Bulls Circle Tech

This article will be updated throughout the day, so check back often for more daily updates.

With the markets hovering at record levels, stocks are holding steady this morning as market sentiment shifts toward caution. Oil prices are edging higher, with Brent Crude hovering back above $103/barrel on Mideast conflict uncertainty. Tech stocks are laser focused on AI, while bullish Wall Street analysts are raising their forecasts for the near term.

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average: 49,674 Up 0.13%
Nasdaq Composite: 26,260 Up 0.05%
S&P 500: 7,410 Up 0.15%

Market Movers

Deutsche Bank weighed in on Micron Tech (Nasdaq; MU) with a buy rating while lifting its price target to $1,000. The analyst made the case that AI is fundamentally reshaping memory market dynamics as robust demand paired with Micron’s operational discipline sets the stage for long-term upside.

Tesla (Nasdaq: TSLA): Piper Sandler argues that at $400/share, investors are essentially getting Optimus at no charge. The firm’s refreshed model breaks down 17 product lines and lands at roughly $400/share, right in line with where the stock currently trades, without attributing any value to Tesla’s humanoid robotics ambitions whatsoever.

Netflix (Nasdaq; NFLX) has retraced its steps back to January territory, hovering around $87/share. That puts the forward valuation at just 26x earnings, a steep discount to the stock’s historical average of 41.4x.

Nebius (Nasdaq: NBIS): Bank of America has raised its price target to $205 from $175, keeping its Buy rating intact heading into the company’s Q1 report, due out before Wednesday’s open on May 13.

AI chipmaker Cerebras has upsized its IPO to $4.8 billion after demand came in nearly 20x oversubscribed. The company now plans to offer 30 million shares at $150–$160 each, stepping up from the original 28 million shares at $115–$125. At the top of the revised range, that’s roughly $4.8 billion raised — well ahead of the $3.5 billion targeted under the prior terms.