Let’s dive into the latest buzz in the world of artificial intelligence (AI) with some big analyst moves this week.
Evercore analysts have weighed in on Apple’s AI strategy, expressing optimism about the tech giant’s approach. They believe that while other companies may be going all-in on AI, Apple is taking a more measured stance, focusing on enhancing its existing ecosystem to improve user experience. They anticipate significant insights into Apple’s AI projects at the upcoming WWDC.
Meanwhile, Mizuho analysts have declared Google owner Alphabet a “clear winner” in the AI revolution. Following Google’s strong earnings report, which included impressive revenue growth and the announcement of a dividend and buyback program, analysts have become bullish on the company’s prospects.
In the world of chipmakers, UBS has raised its price target for Nvidia, citing strong demand for the company’s GPU microarchitecture, Hopper. Despite concerns about a potential slowdown in growth due to product transitions, analysts remain optimistic about Nvidia’s future.
CFRA Research has upgraded Qualcomm to Buy after the company posted strong earnings and offered positive guidance. Analysts are bullish on Qualcomm’s prospects, citing improved demand in China and new growth opportunities in AI PCs.
However, not all chipmakers are seeing positive analyst sentiment. Morgan Stanley has trimmed its price target for Advanced Micro Devices (AMD) due to longer-term concerns. While analysts remain constructive on AMD’s outlook, they see mixed conditions in the core business and uncertainties surrounding NVIDIA’s upcoming Blackwell chip.
Overall, the AI landscape continues to evolve rapidly, with tech giants and chipmakers navigating opportunities and challenges in this dynamic market.
