"Our top 5 picks are NVDA, AVGO, AMD, LRCX, and KLAC, levered to the strong data center and memory spend outlook,"
"Nvidia, a leader in accelerated computing, has broadened its reach into high-compute healthcare workloads and continues to engage in partnerships on the application side,"
"Our thoughts on the stock: We remain positive on the short- and long-term outlook here, and while the market is more optimistic now vs. 3-6 months ago, we still see the stock climbing a wall of worry from here."
"This Wednesday after the bell Tesla will report its FY3Q25 earnings with incremental positivity around this quarter's results with the deliveries beat led by some pull-forward EV demand (US tax credit ending) and a relative bounce back in China sales,"
Markets are largely shrugging off the trade war and a likely government closure through Thanksgiving. Bank of America upgraded Nvidia to buy and listed NVDA, AVGO, AMD, LRCX, and KLAC as top picks tied to strong data-center and memory spending. Bank of America also emphasized Nvidia's positioning in accelerated computing, healthcare workloads, and application partnerships. Morgan Stanley remained positive on Nvidia for both short- and long-term outlooks. Loop upgraded Apple to buy and raised its price target to $315 citing a multi-year iPhone run. Wedbush reiterated an outperform on Tesla ahead of FY3Q25, noting delivery strength from pull-forward demand and China recovery. Evercore ISI reiterated an outperform on Netflix with expectations of a modest beat.
Read at 24/7 Wall St.
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