Nvidia shares soared as tech stocks led markets higher following a bullish note from analysts at Morgan Stanley and strong results from AI chip peer AMD.
quelled some concerns that the AI trade may have run its course as investors rotated out of Big Tech over the past month. The company beat expectations on the top and bottom lines and posted a better-than-expected outlook for the third quarter.
Nvidia was also boosted on Wednesday by a note out from Morgan Stanley analysts led by Joseph Moore, who moved the stock to a 'Top Pick' after a recent pullback from record highs reached in June.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia stock soars 10% after strong AMD results, bullish call from Morgan StanleyNvidia shares were soaring as tech stocks led markets higher following strong results from AMD and a positive note from analysts at Morgan Stanley.
Read more »
Nvidia’s slide drags Nasdaq lower, investors eye Microsoft & AMD results: Yahoo FinanceNvidia shares are falling sharply as the rotation out of Big Tech names into small caps continue. The chip giant’s decline has been a drag on the S&P 500 and...
Read more »
Apple gains after Morgan Stanley calls stock 'top pick' for AI effortsIn what was seen as a move to catch up with Alphabet's Google and Microsoft-backed OpenAI, the iPad maker last month unveiled Apple Intelligence, luring...
Read more »
Apple at all-time high after Morgan Stanley calls stock ‘top pick’ for AI effortsTech giant continues to see big gains
Read more »
Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’Traders should brace for a correction in the stock market as uncertainty swirls around the US presidential campaign, corporate earnings and Federal Reserve policy, according to Morgan Stanley’s Mike Wilson.
Read more »
Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’(Bloomberg) -- Traders should brace for a significant pullback in the stock market as uncertainty swirls around the US presidential campaign, corporate...
Read more »