Bank of America increased its price target for NVIDIA from $300 to $320, maintaining a Buy rating based on a revised forecast that the AI data center market could reach $1.7 trillion by 2030, up from $1.4 trillion. The firm highlights accelerating AI sales in 2026 and improved economics in 2027 due to new computing architectures. NVIDIA's strong fiscal 2026 results and leadership in AI infrastructure position it to benefit significantly from expanding hyperscaler investments. Investors are advised to watch quarterly Data Center trends to gauge progress toward this large market opportunity.
Nvidia's upcoming earnings report is gaining importance as the company's market value and AI role grow, now surpassing the entire S&P 500 healthcare sector. Investors view Nvidia as a key indicator of AI spending, which is central to the current bull...
Foxconn, a major supplier for Apple and Google, suffered a ransomware attack that disrupted some of its North American factories. Hackers claimed to have stolen 8 TB of data, including sensitive project documents related to clients like Apple, Google...
Foxconn, a major electronics manufacturer for Apple, Google, Nvidia, and others, confirmed a cyberattack impacting some North American factories. The ransomware group Nitrogen claimed responsibility, stating they stole over 11 million files including...
US stocks showed mixed performance as strong Producer Price Index (PPI) inflation data pushed Treasury yields to multi-month highs, dampening hopes for Federal Reserve rate cuts. The Dow and S&P 500 struggled due to pressure on rate-sensitive sectors...
On May 13, 2026, Bank of America raised its price target for AMD to $500, citing a $1.7 trillion AI data center market opportunity and strong product momentum. Meanwhile, Daiwa downgraded AMD from Buy to Outperform due to valuation concerns after a 1...
