American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
Nvidia shares will thrive as the company releases its next generation gaming graphics chips later this year, according to one Wall Street firm.
Raymond James reiterated its outperform rating for Nvidia shares, predicting the company will generate better than expected financial results in its October quarter.
“We conducted mid-quarter checks on NVIDIA with channel partners, and feel very comfortable with our 2H18 estimates for both Gaming and Datacenter following those checks,” analyst Chris Caso said in a note to clients Wednesday. “We have increased conviction that the October quarter will benefit from a new gaming product cycle, which we expect to be a catalyst and potential source of upside.”
Caso has a $300 price target for Nvidia shares, representing 24 percent upside to Tuesday's close.
The analyst is optimistic over the market demand for the company's next line of chips. He estimates Nvidia's gaming segment sales will rise by 10 percent quarter over quarter in the October quarter.
“Given our increased conviction in a October quarter product launch, pent-up demand following recent shortages, and the nearly two years since NVIDIA’s last consumer launch, we think our October Gaming revenue estimate is likely to be conservative,” he said. “When that new product does launch, we think it can be a significant catalyst … we think there’s significant pent up demand from NVIDIA’s core gaming market that’s likely to be captured once new product is released.”
Nvidia’s stock is up 25 percent so far this year through Tuesday versus the S&P 500’s 2 percent gain. Its shares are up 1.2 percent in early trading Wednesday.