This AMD Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday
benzinga_article·- Wall Street analysts from major financial institutions announced several rating upgrades and price target increases for prominent publicly traded companies on Tuesday. - Key adjustments include UBS upgrading Fluence Energy to Neutral, Morgan Stanley raising Dynatrace to Overweight, and Raymond James upgrading Advanced Micro Devices to Strong Buy with a $641 price target. - Additional rating changes featured Bernstein raising Summit Therapeutics to Market Perform and Wells Fargo upgrading Shift4 Payments to Overweight.Nvidia Q2 Preview: SpaceX Is Becoming the 'Fifth Horseman,' Gene Munster Says
benzinga_article·- Nvidia is scheduled to report its second-quarter financial results with analysts expecting revenue of $92.01 billion and earnings per share of $2.09. - Deepwater Management managing partner Gene Munster predicts Nvidia will beat expectations by 4 % and raise October revenue guidance by 3 %. - Munster notes that SpaceX is emerging as a major customer and could become Nvidia's fifth major data center client alongside Amazon, Google, Meta, and Microsoft.Chip Stock Favorite Adds Another Bull Note to Its Collection
Schaeffers·- Advanced Micro Devices Inc (NASDAQ:AMD) shares rose 4.5% to trade at $477.06 following an upgrade by Raymond James to a strong buy rating alongside a price target hike to $641. - The upgrade was driven by strong server CPU market growth, direct earnings leverage, datacenter positioning, and market-share gains. - The equity maintains widespread analyst support with 39 out of 46 covering firms recommending a buy or strong buy, alongside highly optimistic short-term options trading activity.BlackBerry CEO says robotics is one of its fastest-growing businesses
CNBC·- BlackBerry CEO John Giamatteo stated that robotics is one of the company's fastest-growing businesses within its QNX software division. - The company is leveraging its safety-critical automotive software experience to target industrial, warehouse, and medical robotics applications. - BlackBerry reported an order backlog worth 950 million dollars and an expanded partnership with Nvidia to support these growth areas.22:15 ETLa marca de mini PCs VZMORE debuta mundialmente en ShowStoppers @ IFA 2026
prnewswire·- German mini PC brand VZMORE makes its global debut at ShowStoppers @ IFA 2026, showcasing four flagship products equipped with advanced AMD and Intel processors. - The company introduces its proprietary V-Cooling™ thermal architecture across the lineup to improve heat dissipation efficiency and maintain stable performance under heavy workloads. - The global release of these four new mini PC models is scheduled for mid-October 2026, with final configurations and pricing to be announced closer to launch.AMD or Nvidia: Load Up on One AI Chip Stock, but Avoid the Other, Says Investor
Tip Ranks·- Investor Elizabeth Pramila argues that AMD is poised to outperform Nvidia in the coming years by capturing AI spending through efficiency, flexibility, customization, and cost-effective inference. - The investment thesis highlights that AMD's MI400 GPUs, Helios rack-scale platform, and sixth-generation EPYC server CPUs provide competitive alternatives that appeal to major cloud providers and AI labs. - Pramila rates AMD as a Strong Buy with an average price target of $647.42 pointing toward 37% returns, while maintaining a Strong Sell rating on Nvidia despite Wall Street's consensus Strong Buy for both stocks.Micron Sees 'No End' to AI Memory Supply Crunch: CEO Sanjay Mehrotra Says 'Nothing Ever Goes in a Straight Line'
benzinga_article·- Micron Technology CEO Sanjay Mehrotra stated that artificial intelligence-driven memory demand shows no sign of easing, supported by multiyear customer agreements signaling a structural boom. - Analysts note that the memory market has become foundational rather than cyclical, with demand-to-supply ratios estimated at roughly 15 to 1 and meaningful production relief unlikely before 2028. - While Micron announced a $10 billion investment in Micron Research Labs to advance AI technologies, dissenting voices like ARK Invest caution that extraordinary pricing could eventually invite new competition.Hot pre-market trades in US stocks: AMD up 3.12% in pre-market, Raymond James upgrades rating, driven by dual engines of AI demand and market share increase
Price Alert·- AMD pre-market shares rose 3.12 % following an upgraded rating by Raymond James to Strong Buy with a target price of 641 USD. - The company also captured over 30 % of the x86 client CPU shipment share in the second quarter of 2026. - Other notable pre-market movers included Expion surging about 80 % due to a strategic expansion in the upstream energy sector.Modine Stock Jumps After Report Names Google, Amazon as Data Center Cooling Customers
benzinga_article·- Modine Manufacturing Co. shares rose following an investigative report by Hunterbrook Media identifying Google and Amazon as major data center cooling customers. - Leaked internal files indicate Google is tied to a $4 billion cooling agreement through 2029, alongside billions more in potential pipeline opportunities. - The report estimates Modine's overall pipeline could exceed its own guidance, though the company still faces supplier shortages and execution risks.ChatGPT can now text on a Mac owner's behalf, and OpenAI stays quiet on data
Cryptopolitan·- OpenAI activated a new feature on Thursday that allows ChatGPT to read, draft, search, and send iMessage, SMS, and RCS texts on Mac. - The integration connects with professional accounts like Codex and ChatGPT Work, though OpenAI warns users that disabling persistent approval removes the final review step before sending. - While OpenAI states the plug-in runs locally without indexing all messages, specific details regarding data handling remain vague amid shifting partnerships between Apple and OpenAI.Waymo Unveils First Custom Robotaxi Chip With More Than 1,000 TOPS of AI Processing Power
benzinga_article·- Alphabet Inc. ’s Waymo has unveiled its first custom-designed 5 - nanometer ASIC robotaxi chip delivering over 1,000 TOPS of machine-learning performance for real-time sensor processing in its Ojai vehicles. - The new silicon simultaneously processes data from 13 high-resolution cameras while continuing to utilize hardware from major industry partners like Nvidia and AMD. - This development coincides with the rollout of the sixth-generation Driver on Zeekr-built vehicles at its Mesa factory, supporting Waymo 's scale of over 500,000 weekly autonomous trips.Pre-market hot trades in US stocks: Corning down 3.43% in pre-market; Micron Tech down 3.35% in pre-market
Price Alert·- Corning pre-market shares fell 3.43 % amid analyst downgrades and dividend announcements. - Micron Technology pre-market shares dropped 3.35 % despite a 10 billion dollar investment plan in Idaho and strong AI-driven memory demand. - Several other stocks experienced significant pre-market volatility, including Picard Medical rising 45.21 %, Sadot surging 42.45 % due to low float and increased buying, and SU Group climbing 38.07 % after regaining Nasdaq compliance.