Analysts have aggressively raised their price targets for the high-speed computer chip manufacturer NVIDIA Corp. (NASDAQ: NVDA).
Vivek Arya, managing director at Bank of America (NYSE: BAC), bumped his NVIDIA stock price forecast from $800 to $900 this week.
Reasons included the adoption of Artificial Intelligence driving strong revenue growth at the NVIDA.
NVIDIA's data center sales could also triple over the next few years.
The Dow Jones Industrial Average and S&P 500 are under pressure as concerns about Chinese and U.S. trade relations reemerged on Thursday.
According to reports, President Donald Trump and Chinese President Xi Jinping are unlikely to meet in coming weeks and strike a deal before the March 1 deadline for a deal. China’s economy is already struggling due to the ongoing trade spat, and concerns about U.S. growth continue to rattle domestic sentiment.
by Tim Melvin
It is that time of the year again…
Halloween's over; the skeletons and pirate zombies are back in the attic. My wife and I are now having animated discussions about just how soon the Christmas Pelican can take up residence in the yard. As always, I shall initially insist on the second week of December and stage a gradual retreat eventually settling on Thanksgiving weekend.
College football is in full swing, and the all-important Army-Navy game is now just weeks away. Once I manage to overlook the absence of baseball, it really is an excellent time of year.
This year, though, there's a fly in the ointment: the markets.
They've gone stark raving bonkers, staging some gut-wrenching declines and breathtaking counter-rallies.
Personally, I don't pay much attention to daily price moves, at least until my numbers tell me it's time to get interested in a particular company.
The truth is, I find the constant "What's the market gonna do next?" questions decidedly un-festive.
In short, all this noise, the ridiculous questions, the endless punditry… it's harshing my autumnal vibe.
I'm guessing you feel the same way, so here's what we're going to do about it...
The Dow Jones Industrial Average is up 18 points this morning following yesterday's gain.
The rise this morning comes on the back of a strong ADP jobs report, which smashed expectations.
Here's everything else you need to know about the stock market today...
In Dow Jones news today, the Dow was slightly up as investors wait for the March FOMC meeting minutes to be released.
The meeting minutes could provide clues as to when investors can expect the next rate hike.
In Dow Jones news today, the markets fell as investors wonder if President Donald Trump will cut taxes in 2017.
Because there was such resistance to repeal the Affordable Care Act, the markets are worried President Trump may not be able to deliver on his campaign promises.
