"Stocks came out of the gate strong on Thursday as a wave of optimism swept through Wall Street, fueled by a significant diplomatic signal out of Beijing. Chinese President Xi Jinping reportedly told the group of American CEOs traveling alongside President Trump that China's door to business would "open wider." That was music to the market's ears, with stocks like Nvidia (Nasdaq; NVDA) adding 3%."
"AI-linked names remain the market's center of gravity, but legacy networker Cisco (Nasdaq: CSCO) is stealing some of the spotlight. Shares are surging over 15% after the tech giant announced job cuts aimed at redirecting resources toward artificial intelligence. The move is giving the Dow a meaningful boost, pulling it within striking distance of the 50,000 mark for the first time."
"Nebius (Nasdaq: NBIS): Shares climbed to uncharted territory Thursday, touching $207 for the first time in the company's history. The catalyst is hard to ignore - new sales pipeline generation exploded nearly 350% in a single quarter during Q1. Slowing demand? The data tells a very different story."
"Evercore ISI raised its price target on Apple (Nasdaq: AAPL) to $365 from $330, holding its Outperform rating while putting a $500 bull case in play. The firm argues the market is too fixated on near-term iPhone and AI concerns, missing the bigger picture on Apple's long-term competitive strengths."
Stocks rose at the open as optimism spread across Wall Street after a diplomatic signal from Beijing. Chinese President Xi Jinping reportedly told American CEOs traveling with President Trump that China’s door to business would open wider. Nvidia gained about 3%, reinforcing AI-linked momentum. Cisco surged more than 15% after announcing job cuts intended to redirect resources toward artificial intelligence, boosting the Dow toward 50,000. Market activity also included Nebius reaching a record high near $207 on a sharply higher sales pipeline. Evercore ISI raised its Apple price target to $365 and maintained an Outperform rating with a $500 bull case. Cerebras was expected to begin trading around midday following an IPO priced at $185 per share.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]