Stocks
Nvidia's Hugging Face Deal Sparks Investor Interest in Tech Stocks
Nvidia's acquisition of Hugging Face has garnered attention from investors, with NewEdge Wealth CEO Rob Sechan naming KLA Corporation as his final trade on CNBC's 'Halftime Report Final Trades'.
KLA Corporation reported quarterly earnings of $1.05 per share on July 28, beating the analyst consensus estimate by 5%. The company also exceeded revenue expectations, with quarterly revenue coming in at $3.66 billion.
Nvidia's acquisition of Hugging Face for $12.93 billion has been seen as a strategic move to expand its artificial intelligence capabilities. Morgan Stanley analyst Kristine Liwag maintained FTAI Aviation with an Overweight rating and raised the price target from $319 to $360, but FTAI shares fell 1.6% on Friday.