J.P. Morgan

Nvidia stock gets boost from JP Morgan; analysts look past tepid outlook, hike target price

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Nvidia stock gets boost from JP Morgan; analysts look past tepid outlook, hike target price

Analysts at J.P. Morgan are staying bullish on Nvidia, boosting their target price to $215 even as the world’s most valuable company offered a forecast that underwhelmed investors, saying the chipmaker’s expanding AI infrastructure pipeline and product ramps leave “multiple levers at play to drive upside.” Nvidia Corp. delivered record revenue in the second quarter, … Read more

Second-biggest cryptocurrency ethereum breaks $4,000 to hit record high

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Second-biggest cryptocurrency ethereum breaks ,000 to hit record high

LONDON/SINGAPORE: Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels. Ethereum, the second-largest coin by market capitalisation, jumped more than 6% to just below $4,175, … Read more