Wells Fargo added AMD to its Q2 Tactical Ideas List, maintaining an 'Overweight' rating with a $345 price target, implying a 70% gain from current levels. The optimism is driven by strong demand for AMD's EPYC server processors and growing momentum in AI hardware, positioning AMD as a key Nvidia competitor. AMD's upcoming Advancing AI event in July is expected to unveil new AI tech, potentially boosting growth further. Wall Street analysts also remain bullish, with a consensus 'Moderate Buy' rating and an average 12-month target of $285.16, signaling continued confidence in AMD's near-term prospects.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
In Q2 2026, AMD's stock surged 182.4%, driven by growth in AI workloads linked to large language models. CrowdStrike also saw strong gains of 95.6% due to a positive shift in the AI investment narrative. Conversely, Netflix's stock declined after bea...
The ERShares Private-Public Crossover ETF (XOVR) holds nearly 23% of its portfolio in SpaceX, providing direct pre-IPO exposure to investors. In contrast, the ARK Innovation ETF (ARKK) does not hold SpaceX shares but invests in public disruptive tech...
