"Analysts at RBC just initiated coverage of Nvidia ( NASDAQ: NVDA) with an outperform rating and a $240 price target. The firm cited NVDA's $500 billion+ backlog, inferencing demand, and surging enterprise demand as reasons for further growth. In addition, analysts at Rothschild Redburn reiterated a buy rating on NVDA with a price target of $268. The firm believes NVDA will remain a positive outlier with regard to size, growth, and profitability. They also believe its moat will continue to become even stronger than expected. Technically, NVDA just broke above its 50-day moving average to the upside. From here, if it can break above resistance at around $193.63, it could retest $200."
"Analysts at Barclays just upgraded Dell ( NYSE: DELL) to an overweight rating, citing strength in Dell's AI server orders, stability of its AI operating markets, and expanding opportunities in enterprise server and storage. The firm maintained its price target of $148 a share. "We are more positive on DELL given the strength in AI server orders, stability of AI op margins, expanding opportunities in enterprise server and storage, and DELL's consistent disciplined opex management," they added, as quoted by CNBC. After finding strong double bottom support at $115, Dell is just starting to pivot higher. Last trading at $123.18, we'd like to see it initially retest $130 a share."
RBC initiated coverage of Nvidia with an outperform rating and a $240 price target, citing a $500 billion-plus backlog, inferencing demand, and surging enterprise demand. Rothschild Redburn reiterated a buy rating with a $268 target, stating Nvidia will remain a positive outlier in size, growth, and profitability and that its moat will strengthen. Technically, Nvidia broke above its 50-day moving average; a breakout above resistance near $193.63 could lead to a retest of $200. Barclays upgraded Dell to overweight, maintained a $148 target, and cited strong AI server orders, stable AI operating margins, expanding enterprise server and storage opportunities, and disciplined opex management. Dell found double bottom support at $115, is pivoting higher from $123.18, and could initially retest $130. Rosenblatt initiated a buy on Quantum Computing (QUBT), noting legitimate quantum assets across photonics, compute, security, and sensing and burgeoning thin film lithium niobate fabs that could supply integrated quantum photonics and nonlinear optics needs. Quantum technology is expected to revolutionize industries such as healthcare, finance, and cybersecurity.
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