Analyst Calls: Nvidia, Tesla, and CoreWeave in Focus After Wednesday Updates
Nvidia, Tesla, and CoreWeave are among the companies that received analyst calls on Wednesday.
Around 50% of analysts covering Nvidia expect the company's stock price to drop following its Q2 earnings report. However, some analysts remain bullish on the stock, with a price target of $200. 'Nvidia is still very well-positioned in areas like AI and cloud gaming,' said one analyst.
Tesla's CEO Elon Musk was optimistic about the company's recent delivery numbers, stating that they are 'better than expected.' However, some analysts remain cautious, citing concerns over supply chain disruptions and regulatory issues. One analyst predicted a 20% drop in Tesla's stock price within the next six months.
CoreWeave, an AI-focused chip startup, saw its stock price surge after being named as one of Intel's acquisitions. The deal is reportedly worth $1 billion.