Diamonds and Dogs
The chips keep rolling. Nvidia (NVDA) is up 5% today and up 70% year to date, but the analyst at Evercore ISI says the price could soar by more than 40% from current levels because investors appear to "severely" undervalue the potential market for artificial intelligence. The Evercore analyst C.J. Muse boosted his price target to $250. His target is 25% above the second-highest target of the 36 analysts that cover Nvidia.
Oracle's (ORCL) cloud computing is a little clouded. The data based software stock is down 7% following better than expected earnings. The downside came from disappointing guidance for their bread and butter cloud computing division. Good news is the stock is still way up for the year.