Alibaba Prepares to Order Nvidia H200 Chips, Stock Up 1%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: CNBC
- Nvidia Chip Procurement: Chinese officials have informed major tech firms like Alibaba that they can prepare to order Nvidia's H200 AI chips, a move that could enhance Alibaba's competitiveness in the AI sector, with shares rising 1% in premarket trading.
- Intel Stock Volatility: Despite Intel reporting mixed quarterly results and a 13% drop in stock price, strong demand under new CEO Lip-Bu Tan has led JPMorgan and Mizuho to raise their price targets to $35 and $48 respectively, indicating market confidence in its future.
- Capital One Acquisition: Capital One's $5.15 billion acquisition of fintech company Brex aims to reshape its payments network, and although shares fell 2%, this strategic move could strengthen its market position against American Express.
- Microsoft Rating Reaffirmed: KeyBanc reiterated its buy rating on Microsoft with a price target raised to $630, anticipating nearly 40% upside driven by strong demand for its security business and Azure cloud services, reflecting optimistic market expectations for future growth.
Analyst Views on SBUX
Wall Street analysts forecast SBUX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SBUX is 96.12 USD with a low forecast of 59.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
12 Buy
7 Hold
2 Sell
Moderate Buy
Current: 96.330
Low
59.00
Averages
96.12
High
115.00
Current: 96.330
Low
59.00
Averages
96.12
High
115.00
About SBUX
Starbucks Corporations is a roaster, marketer, and retailer of specialty coffee globally. Its North America segment includes the United States and Canada. Its International segment includes China, Japan, Asia Pacific, Europe, Middle East and Africa, Latin America, and the Caribbean. Its North America and International segments include both Company-operated and licensed stores. The Channel Development segment includes roasted whole bean and ground coffees, Starbucks-branded single-serve products, a variety of ready-to-drink beverages, such as Frappuccino and Starbucks Doubleshot, foodservice products, and other branded products sold outside the Company-operated and licensed stores. A large portion of its Channel Development business operates under a licensed model of the Global Coffee Alliance with Nestle, while its global ready-to-drink businesses operate under collaborative relationships with PepsiCo, Inc., Tingyi-Ashi Beverages Holding Co., Ltd., Arla Foods amba, Nestle, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
