Nvidia stock rises on AI spending, chip deal ahead of earnings
Nvidia (NVDA) stock rose nearly 5% on Tuesday following bullish notes from Wall Street analysts citing strong chip demand ahead of its earnings report set for Wednesday afternoon.
In a client note this week, Stifel analyst Ruben Roy raised his price target on Nvidia to $180 from $165, while Truist Securities’
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Read MoreThe Burst
Top Market Guru Says Sell Stocks
In 2022, stock markets worldwide had a particularly bad start. The S&P500 fell more than 9% during January, albeit making something of a comeback. The index regained 11% from its local low but was still down 8% for the year when JPMorgan’s top-ranked strategist, Marko Kolanovic, advocated that investors move some money from stocks to bonds in response to ongoing concerns.
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Read MoreThe Ivy
$103 Price Target For This Low-Priced Stock
Ivy Investment Alert: Buy Datadog Under $65/share; Sell $85
Disclaimer: Ivy Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Datadog offers a software platform for monitoring and analyzing the performance of cloud software infrastructure.
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