""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,""
""After the landmark deal with OpenAI sent shares up 64% on the week, and with its 11/11 analyst day coming, the beat/raise we expect is unlikely to be a major catalyst,""
""After a historic Q1, ORCL shares have traded off 10%+ from recent highs on concerns around quality of backlog, profitability concerns following a slew of press reports and broader AI bubble/circularity concerns.""
Morgan Stanley reiterated an Overweight rating on NVIDIA while noting continued positive short- and long-term outlook amid increased market optimism versus 3–6 months ago. Cantor Fitzgerald raised its NVIDIA price target to $300, pointing to early-stage AI as a substantial growth driver. TD Cowen raised AMD's price target to $270 after the OpenAI deal and ahead of an 11/11 analyst day; Piper Sandler increased its AMD target to $240 and noted OpenAI warrants tied to milestones. Citi raised Oracle's target to $415 and cited a post-Q1 share pullback amid backlog and profitability concerns; Baird initiated outperform coverage.
Read at 24/7 Wall St.
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