Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Stocks in Asia were set to open lower on Wednesday after Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
Nvidia shares will surge again this year due to a strong upgrade cycle in its gaming graphics chip business, according to Bank of America Merrill Lynch.
BofAML raised its price target for the chipmaker to the highest among the firms covering Nvidia, citing the company's product leadership in multiple growth areas in technology.
Nvidia has been one of the best performing stocks in the market during the past year. Its shares are up 113 percent in the previous 12 months compared with the 's 24 percent return.
The company's shares were up 1.6 percent in Friday morning trading.
While Nvidia "trades at a premium valuation, we believe this is justified by Nvidia's leadership in the largest and fastest growing markets in semis including [artificial intelligence], gaming, [virtual reality], and autonomous cars," analyst Vivek Arya wrote in a note to clients Thursday. Arya said there's a "large upgrade opportunity for Nvidia cards."
Arya reiterated his buy and top-pick ratings for Nvidia shares. He raised his price target to $275 from $251, representing 23 percent upside from Thursday's close. He now has the highest price target on the stock out of 29 analysts, according to FactSet.
The analyst said the company's current generation "Pascal" gaming graphics cards have 40 percent share of Nvidia card owners on PC gaming distribution platform Steam. He said there is still "a large upgrade potential" from the previous Nvidia "Maxwell" cards, which are at 48 percent share.
"Separately, Nintendo Switch console [with its approximately $40 Nvidia processor] became the best-selling console of all time in the US during its first 10 months on the market," he wrote. "Lastly, we expect Nvidia to start rolling out its next-gen Volta cards in likely just the premium segment, during 2H18, which could create further upgrade and [advance simulation products] tailwinds."