Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an...Politicsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Sens. Mitch McConnell and Tim Kaine introduced a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
McGahn is cited more than any other witness in special counsel Robert Mueller's 448-page Russia report.Politicsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Despite high criticism from fans, the final episode of "Game of Thrones" shattered single-night viewing records Sunday, with 19.3 million tuning in to watch the finale.Entertainmentread more
Needham believes Nvidia's leadership in artificial intelligence hardware and software makes it uniquely positioned to usher in the next wave of computing.
Analyst Rajvindra Gill hiked his price target and earnings estimates on the chipmaker Friday, sending shares of the Santa Clara, California-based company up 1.8 percent Friday.
The analyst said Nvidia's new TensorRT Hyperscaler Platform should yield greater market share in artificial intelligence, the tool needed for computers to draw conclusions — or inferences — based on machine learning (ML).
"We see striking parallels between NVIDIA's dominance in artificial intelligence / ML and the 'Wintel' platform during the era of PC computing," Gill wrote. Wintel refers to the pre-eminence of Microsoft's Windows and Intel during the rise of the PC-desktop revolution.
"As these neural networks get bigger in size, the use cases expand exponentially and the demand for maximum throughput and server utilization becomes even more vital," he added.
Gill's new price target of $350, up from $325, represents 29 percent upside over the next 12 months from Thursday's close. He also raised his fiscal 2019 earnings per share forecast to $7.89.
As one of Wall Street most popular trades over the past year, Nvidia shares have rallied more than 9 percent in the last six months and more than 60 percent over the last 12 months.