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Evercore ISI analyst Mark Lipacis predicts Nvidia's stock could rise 86% by 2026, citing its dominance in AI and strong Q3 results. Despite challenges like China export issues, Nvidia's inventory and supply commitments support its growth. Lipacis raised the price target to $352, with Wall Street optimistic about Nvidia's long-term outlook. NVDA has gained 41% year-to-date.
HSBC Jintrust Fund Manager Chen Ping shared his views on the current technology sector market at the 9th Value Investment Forum. He believes that the market atmosphere is good, and growth stocks, especially in the AI field, are attractive, with TMT still being a buying point. Chen Ping is optimistic about AI hardware, particularly optical modules/optical communication, and does not agree with the AI bubble theory, believing that the AI cycle will last at least 10 years
Nike shares rose 2% in premarket trading after Apple CEO Tim Cook purchased nearly $3 million worth of Nike stock. Cook, a long-time board member and lead independent director at Nike, bought 50,000 shares at $58.97 each. This purchase follows Nike's recent report of weaker margins and sluggish sales in China, which had caused a 13% slump in its stock since December 18.
Investor Justin Pope believes Alphabet (NASDAQ:GOOGL) is well-positioned to dominate the AI landscape, expecting it to become the world's largest company by 2026. Alphabet's significant capex in AI, strong net income, and thriving legacy businesses support this outlook. Pope highlights Alphabet's comprehensive AI ecosystem and reasonable valuation, suggesting potential for stock growth. Wall Street largely agrees, with a Moderate Buy consensus rating and a 12-month average price target of $326.41.
Curated Wealth Partners LLC reduced its holdings in Amazon.com, Inc. by 10.9% in the third quarter, now owning 26,509 shares worth $5.82 million. Other hedge funds also modified their holdings in Amazon. Amazon's stock opened at $232.14, with a 1-year range of $161.38 to $258.60. The company reported strong quarterly earnings, with revenue up 13.4% year-over-year. Analysts maintain positive outlooks, citing AI and cloud growth.
