"The markets came out of the gate mixed this morning, with the Nasdaq Composite lagging behind the broader markets for the time being. Meanwhile, the Dow Jones Industrial Average is on pace for its latest record session while the S&P 500 is also gaining ground. Tech stocks Broadcom ( Nasdaq: AVGO) and AMD ( Nasdaq: AMD) are under pressure in the session, shaving off 1.7% and 3.3% from their market caps, respectively."
"JPMorgan analysts have turned increasingly bullish on Alphabet's ( Nasdaq: GOOGL) Google, boosting its projections for Google's TPU yet again amid robust demand indicators for 2026 and 2027. Cantor Fitzgerald analysts have reemphasized their bullish "overweight" rating on CrowdStrike Holdings ( Nasdaq: CRWD) stock, on its "top pick" list, with a $590 price target attached. Jefferies analysts have turned cautious on Sandisk Corp ( Nasdaq: SNDK) stock, warning about market share in a competitive NAND field from the likes of YMTC."
Markets opened mixed, with the Dow Jones Industrial Average at 49,487.62 up 0.06%, the Nasdaq Composite at 23,596.92 up 0.23%, and the S&P 500 at 6,954.11 up 0.12%. Broadcom and AMD traded lower, reducing market caps by about 1.7% and 3.3% respectively, while Nvidia and Cisco backed Elon Musk's xAI after a $20 billion Series E that exceeded a $15 billion target. ADP reported private‑sector payrolls added 41,000 jobs in December, reversing November losses but falling short of expectations. Analysts showed mixed views: JPMorgan raised projections for Google's TPU, Cantor Fitzgerald stayed overweight on CrowdStrike with a $590 target, and Jefferies warned about Sandisk's NAND market share.
Read at 24/7 Wall St.
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