Nasdaq NVDA Nvidia

Fintel reports that on August 24, 2023, UBS maintained coverage of NVIDIA (NASDAQ:NVDA) with a Buy recommendation. Analyst Price Forecast Suggests 8.24% Upside

The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, NVIDIA is now the #27 analyst pick, moving up by 1 spot.

The S&P 500 and the Nasdaq gained at open on Thursday after a stellar forecast from Nvidia boosted investor confidence in an artificial intelligence (AI) boom and lifted shares of major technology and growth stocks.

Investors have been excited about the prospects for artificial intelligence all year, and no company has cashed in more on the AI trend than Nvidia (NASDAQ: NVDA). Investors had been looking forward to the semiconductor chip maker's fiscal second-quarter financial report for mont

The S&P 500 and the Nasdaq were set to open higher on Thursday after a stellar forecast from Nvidia boosted investor confidence in an artificial intelligence (AI) boom and lifted shares of major technology and growth stocks.

Technology stocks were rallying pre-bell Thursday as the Technology Select Sector SPDR Fund (XLK) was 1.1% higher and the SPDR S&P Semiconductor ETF (XSD) was recently climbing by 1.2%.

Fintel reports that on August 24, 2023, Mizuho maintained coverage of NVIDIA (NASDAQ:NVDA) with a Buy recommendation. Analyst Price Forecast Suggests 8.24% Upside

Fintel reports that on August 24, 2023, Exane BNP Paribas upgraded their outlook for NVIDIA (NASDAQ:NVDA) from Neutral to Outperform . Analyst Price Forecast Suggests 8.24% Upside

Fintel reports that on August 24, 2023, Raymond James maintained coverage of NVIDIA (NASDAQ:NVDA) with a Strong Buy recommendation. Analyst Price Forecast Suggests 8.24% Upside

Fintel reports that on August 24, 2023, Wolfe Research maintained coverage of NVIDIA (NASDAQ:NVDA) with a Outperform recommendation. Analyst Price Forecast Suggests 8.24% Upside

Fintel reports that on August 24, 2023, Citigroup maintained coverage of NVIDIA (NASDAQ:NVDA) with a Buy recommendation. Analyst Price Forecast Suggests 8.24% Upside

Fintel reports that on August 24, 2023, Barclays maintained coverage of NVIDIA (NASDAQ:NVDA) with a Overweight recommendation. Analyst Price Forecast Suggests 8.24% Upside

Fintel reports that on August 24, 2023, Keybanc maintained coverage of NVIDIA (NASDAQ:NVDA) with a Overweight recommendation. Analyst Price Forecast Suggests 8.24% Upside

Fintel reports that on August 24, 2023, Morgan Stanley maintained coverage of NVIDIA (NASDAQ:NVDA) with a Overweight recommendation. Analyst Price Forecast Suggests 8.24% Upside

Fintel reports that on August 24, 2023, BMO Capital maintained coverage of NVIDIA (NASDAQ:NVDA) with a Outperform recommendation. Analyst Price Forecast Suggests 8.24% Upside

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.41% at a 1-week high, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.92% at a 2-week high. Stock indexes this morning are moderately higher as technology stocks rally after Nvidia delivered a third-straight sales...

Fintel reports that on August 24, 2023, Rosenblatt maintained coverage of NVIDIA (NASDAQ:NVDA) with a Buy recommendation. Analyst Price Forecast Suggests 8.24% Upside

Toronto futures crept higher on Thursday, pushed by oil prices, while Canadian big banks' quarterly earnings kicked off on a mixed note as Royal Bank of Canada beat profit estimates, while Toronto-Dominion Bank missed analyst expectations.

September S&P 500 futures (ESU23) are up +0.49%, and September Nasdaq 100 E-Mini futures (NQU23) are up +1.13% this morning as blockbuster results from Nvidia boosted investor sentiment, while market participants also braced for Fed Chair Powell’s speech on Friday.

A smart beta exchange traded fund, the Invesco S&P 500 Equal Weight ETF (RSP) debuted on 04/24/2003, and offers broad exposure to the Style Box - Large Cap Blend category of the market.