Live Updates
Live
Wall Street analysts are turning increasingly bullish on Advanced Micro Devices (Nasdaq: AMD) stock. Most recently, Evercore lifted its price target on the stock by $30 to $358 per share with an “outperform” rating attached, while Mizuho increased their price target on AMD stock to $280 per share, also with an “outperform” rating. AMD stock currently hovers at approximately $211 per share and has turned lower on the day.
Live
Weapons tech company Axon Enterprise (Nasdaq: AXON), which is behind Taser devices, is skyrocketing by 23% after revealing the results of its AI strategy across hardware and software in its earnings report. Its 2025 bookings soared by 46% year-0ver-year.
Live
With Nvidia’s earnings expected after the closing bell today, Wall Street analysts have begun to chime in. Among them, Rothschild & Co has reemphasized its “buy” rating on NVDA stock but not without penning a letter to CEO Jensen Huang on a list of potential threats to the company’s market leadership position in the near term.
This article will be updated throughout the day, so check back often for more daily updates.
The markets are higher out of the gate, with technology leaders including Nvidia (Nasdaq: NVDA | NVDA Price Prediction) and Oracle (Nasdaq: ORCL) leading the way. Traders and investors are looking to Nvidia’s earnings report after the bell alongside comments from CEO Jensen Huang to improve market sentiment, which has taken a hit of late, with the Nasdaq Composite clocking declines of 3% over the past month. All three of the major stock market averages are seeing green, including a 0.75% boost in the tech-heavy Nasdaq Composite.
In last evening’s State of the Union address, President Trump touted an era of economic prosperity, labeling the U.S. Supreme Court’s ruling on his tariff policy as “disappointing” while digging in his heels on the strategy.
The PHLX Semi Index is gaining 1.83% in today’s session, with leaders including Nvidia, AMD (Nasdaq: AMD) and Applied Materials (Nasdaq: AMAT) buoying the index. In South Korea, SK Hynix has jumped on the tech capex bandwagon, with reported plans to pour over $15 billion to bolster its chip capacity in the country.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 49,376.31 Up 202.52 (+0.41%)
Nasdaq Composite: 23,036.22 Up 170.29 (+0.75%)
S&P 500: 6,924.84 Up 33.77 (+0.50%)
Market Movers
Fintech and stablecoin company Circle (NYSE: CRCL) has the wind at its back today, with the stock soaring by a double digit percentage on the heels of its earnings print. While cryptocurrencies are stuck in a rut, rising stablecoin demand has been a positive catalyst.
Earlier this week, we learned that digital trading platform Coinbase (Nasdaq: COIN) was expanding into stock and ETF trading. COIN stock is tacking on 6.3% today.
American Express (NYSE: AXP) is relocating its corporate headquarters to lower Manhattan in New York City. Developers will break ground on the building later this year with a targeted completion date of 2031.
© Bet_Noire / iStock via Getty Images