Reply to thread

Message

[QUOTE="Munyaradzi Mafaro, post: 32467, member: 636"]
TD Cowen reduced price targets for NVIDIA and AMD today. NVIDIA's target fell from $175 to $140, though they kept their Buy rating and named it a Top Compute pick. AMD saw its target decrease from $135 to $110, with analysts pointing to tariff worries as the main reason. Both companies face stock market challenges this year—NVIDIA shares dropped 28%, and AMD shares fell 31%.

The bank highlighted economic problems affecting AMD's product demand. Since President Trump announced new tariffs last week, AMD stock plunged nearly 21% before recovering slightly with a 4% gain today. Shares currently trade around $81, giving the new target a 36% upside potential. TD Cowen mentioned that AMD fights both company-specific issues and broader negative feelings about computing, made worse through tariff concerns. They noted that weak data center guidance for early 2025 hurts investor confidence.

NVIDIA shares have performed somewhat better than AMD, losing just under 10% since the tariff announcement compared to AMD's steeper decline. TD Cowen believes NVIDIA's upcoming Blackwell GPUs will drive market interest during upcoming quarters. The bank thinks the GB200 server racks will create positive momentum for NVIDIA. Despite current troubles, analysts remain convinced about NVIDIA's technology leadership advantage over competitors.
[/QUOTE]

Name