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Nvidia Stock Jumps As Analysts Call It A 'Top Pick'
Nvidia (NVDA) Shares Rose Monday As...
Investopedia
1 h
11
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Nvidia (NVDA) shares rose Monday as Bank of America analysts called the stock a top pick and UBS analysts said a reported delay in Nvidia's Blackwell artificial intelligence (AI) chip may be less significant than initially thought.
Shares of Nvidia were recently up more than 4% in afternoon trading. The stock is up about 120% this year, though off highs seen earlier this summer.
UBS analysts said they expect initial Blackwell shipments to be delayed four to six weeks, based on discussions with Nvidia customers, compared to a three-month delay that was earlier reported. The delay will likely be "invisible to most, if not all, end customers," they said.
The analysts said they remained bullish on the stock, citing rising AI spending and enterprise demand growth Nvidia. They maintained a "buy" rating and price target of $150.
The comments came as Bank of America analysts called the stock a top pick Monday, referencing the AI chipmaker's exposure to the data-center market and strength with cloud-computing giants set to raise spending on infrastructure.
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Investopedia
2 hrs
9
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Shares of monday.com popped after the workplace software company topped analysts’ expectations with its second-quarter results and raised its full-year guidance.
The company’s latest projection calls for revenue growth of 31% to 32% in 2024, up from a prior estimate of 29% to 30%.
In the second quarter, revenue jumped 34% year-over-year to $236.1 million and earnings per share (EPS) swung to a profit of 27 cents from a loss of 15 cents. Both figures came in above the analyst consensus, per Visible Alpha. Monday.com stock was up nearly 12% in recent trading.
The company was "able to deliver exceptional efficiency in Q2, achieving our first quarter of GAAP operating profitability,” said Chief Financial Officer Eliran Glazer. “These results demonstrate not only our highly effective execution, but the strong demand we continue to see even through a challenging macroeconomic environment.”
Monday.com’s said its net dollar retention rate was 110%, while its net dollar retention rate for clients with annual recurring revenue above $100,000 was 114%. The company defines net dollar retention rate as the percentage of revenue it generated from existing customers compared to what it earned from those same customers a year earlier. A figure above 100% means the company is growing its revenue within its existing customer base.
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Instablog9ja
3 hrs
15
Afrobeats singer, Badman Dafe, has replied Jamaican Reggae artiste, Buju Banton
Judging an entire genre only from the catalogue you have access to is pure ignorance. He said is African China, Eedris Abdulkareem, Daddy Showkey, Burna Boy, Wizkid, Oritse Femi and lots more a joke to you? Where was the western world when most of our music were about the struggles in Africa?
Mind you a bulk of reggaeton and dancehall we have access to as Africans are about P*ssy and We*d, but this never made us discredit the ones that about the struggle and freedom.
Click to watch
Investopedia
3 hrs
9
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Apple's (AAPL) artificial intelligence-fueled growth cycle could be stronger than expected, according to Wedbush analysts who lifted their iPhone 16 shipment estimates based on their outlook for Asian demand.
The analysts wrote that "recent Asia checks this week are giving us more confidence this upgrade cycle will kick off a long-awaited renaissance of growth for Cupertino over the next year." Apple has struggled amid increased competition and pricing pressure in the China market but has recently indicated that discounting efforts could be paying off.
Wedbush analysts increased their estimates for iPhone 16 shipments to at least 90 million, higher than Street expectations of between 80 million and 84 million, citing "more indications across the Asia supply chain this iPhone upgrade cycle." Roughly 300 million iPhone users have not upgraded in the past four years, the analysts said.
They highlighted the anticipation building around the iPhone maker's AI opportunity with the Apple Intelligence-powered iPhone 16. The device is expected to launch in September with AI updates to roll out later.
AI integration into Apple devices and associated monetization opportunities could add $30 to $40 per share for investors, the analysts wrote.
Apple shares were recently up about 1% in Monday trading. The stock has gained about 13% year-to-date amid recent pressure driven in part by news that Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) cut its stake in the company.
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Instablog9ja
4 hrs
10
A lady has cried out that her sister has been emailing the HR team at her office everyday, telling them to increase her salary.
She said the HR at her work just called her today and she thought she was in trouble , only for them to tell her that her sister has been emailing them every day, telling them to increase her salary.
