JPMorgan: AI to Propel S&P 500 to New Heights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy NVDA?
Source: CNBC
- S&P 500 Year-End Target Raised: JPMorgan strategist Dubravko Lakos-Bujas increased the year-end target for the S&P 500 from 7,200 to 7,600, implying a potential upside of about 7% from Monday's close, reflecting optimistic market sentiment towards AI-related stocks.
- AI Stock Recovery: Despite experiencing over a 6% decline during the initial phase of the U.S.-Iran war, Nvidia's stock has surged 22% since then, with other AI-linked companies like Alphabet, Amazon, and Meta Platforms also seeing gains of over 20%, indicating a recovery in market sentiment.
- Anthropic Mythos Model Launch: Lakos-Bujas highlighted the unveiling of the Anthropic Mythos AI model as a pivotal market catalyst, with 66% of S&P 500 AI stocks outperforming since April 7, showcasing rapid improvements in AI models and services.
- Hiring Market Resurgence: While concerns about AI-induced job displacement in sensitive areas like software engineering persist, Lakos-Bujas noted a resumption in hiring, suggesting increased confidence in AI and anticipating a more favorable earnings season in Q1 compared to the previous quarter.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 202.500
Low
200.00
Averages
264.97
High
352.00
Current: 202.500
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
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.
VAST DATA: FINANCING COMPRISES PRIMARY AND SECONDARY CAPITAL, TOTALING NEARLY $1 BILLION IN TRANSACTION VALUE
Financing Overview: The total transaction value for financing, including both primary and secondary capital, amounts to approximately $1 billion.
Market Impact: This significant financial activity indicates a robust market environment, reflecting investor confidence and potential growth opportunities.
See More
VAST DATA: FUNDING ROUND SAW CONTRIBUTIONS FROM CURRENT INVESTORS LIKE FIDELITY MANAGEMENT & RESEARCH COMPANY, NEA, AND NVIDIA
Funding Sources: The funding round includes participation from existing investors such as Fidelity Management & Research Company, NEA, and NVIDIA.
Investor Involvement: The involvement of established investors indicates confidence in the company's potential and growth prospects.
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VAST DATA: DRIVE CAPITAL LEADS FUNDING ROUND, WITH ACCESS INDUSTRIES AS CO-LEAD
- Funding Overview: A funding round has been led by Drive Capital, focusing on significant investments in various industries.
- Co-Lead Participation: Access Industries is acting as a co-lead in this funding initiative, indicating strong interest and collaboration in the investment.
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- Funding Plans: Cursor is in talks to raise $2 billion at a valuation exceeding $50 billion, with participation from investors like Andreessen Horowitz, Nvidia, and Thrive Capital, reflecting strong market interest and investment enthusiasm in AI technologies.
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Latest Wall Street Rating Updates
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- Nvidia Market Leadership: TD Cowen maintains Nvidia as a buy despite Google's launch of competing AI chips, believing Nvidia remains the market leader in performance and software ecosystem breadth, indicating its sustained competitive advantage in the AI sector.
- Berkshire Target Price Increase: UBS raises Berkshire Hathaway's price target from $578 to $581, noting that the stock is trading at a discount to its intrinsic value and anticipating continued share repurchases, which could influence investor sentiment positively.
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Nvidia and Broadcom: Top Picks for AI Investment
- Significant Profit Growth: Nvidia's latest quarter saw a 73% revenue increase to $68.1 billion, with expectations of 79% growth next quarter, highlighting its strong profitability and market demand in the AI sector, further solidifying its industry leadership.
- Rise of Custom Chips: Broadcom's AI semiconductor division experienced a 106% year-over-year growth in Q1 of fiscal 2026, reaching $8.4 billion, indicating a rapid increase in demand for its custom AI chips, despite still holding a smaller market share.
- Future Growth Expectations: CEO Hock Tan anticipates that Broadcom's custom AI chip business will generate over $100 billion in revenue by 2027, reflecting the immense potential and long-term growth opportunities in the AI market.
- Ongoing Investment Trends: Nvidia expects global data center capital expenditures to continue rising, reaching $3 trillion to $4 trillion by 2030, indicating that AI investments are accelerating and will yield substantial profits for Nvidia and Broadcom in the coming years.
See More
VAST DATA: FINANCING COMPRISES PRIMARY AND SECONDARY CAPITAL, TOTALING NEARLY $1 BILLION IN TRANSACTION VALUE
Financing Overview: The total transaction value for financing, including both primary and secondary capital, amounts to approximately $1 billion.
Market Impact: This significant financial activity indicates a robust market environment, reflecting investor confidence and potential growth opportunities.
See More
VAST DATA: FUNDING ROUND SAW CONTRIBUTIONS FROM CURRENT INVESTORS LIKE FIDELITY MANAGEMENT & RESEARCH COMPANY, NEA, AND NVIDIA
Funding Sources: The funding round includes participation from existing investors such as Fidelity Management & Research Company, NEA, and NVIDIA.
Investor Involvement: The involvement of established investors indicates confidence in the company's potential and growth prospects.
See More
VAST DATA: DRIVE CAPITAL LEADS FUNDING ROUND, WITH ACCESS INDUSTRIES AS CO-LEAD
- Funding Overview: A funding round has been led by Drive Capital, focusing on significant investments in various industries.
- Co-Lead Participation: Access Industries is acting as a co-lead in this funding initiative, indicating strong interest and collaboration in the investment.
See More
SpaceX to Acquire AI Startup Cursor for $60 Billion
- Acquisition Agreement: SpaceX has struck a deal with AI startup Cursor to acquire the company for $60 billion or pay $10 billion for collaborative work, indicating SpaceX's strategic expansion into the AI sector.
- Funding Plans: Cursor is in talks to raise $2 billion at a valuation exceeding $50 billion, with participation from investors like Andreessen Horowitz, Nvidia, and Thrive Capital, reflecting strong market interest and investment enthusiasm in AI technologies.
- Technical Collaboration: The partnership aims to develop the world's best coding and knowledge work AI, with Cursor's CEO highlighting this as a significant step in enhancing their AI model, Composer, which could transform software development practices.
- IPO Prospects: Elon Musk plans to take SpaceX public after merging it with his AI startup xAI, which is expected to be a record-setting IPO, further solidifying his leadership position in the tech industry.
See More
Latest Wall Street Rating Updates
- Tesla Buy Rating: Bank of America reiterates Tesla as a buy, viewing the company as a leader in consumer autonomy and expecting it to quickly become a leader in robotaxi services, highlighting its strong potential in the future mobility market.
- Nvidia Market Leadership: TD Cowen maintains Nvidia as a buy despite Google's launch of competing AI chips, believing Nvidia remains the market leader in performance and software ecosystem breadth, indicating its sustained competitive advantage in the AI sector.
- Berkshire Target Price Increase: UBS raises Berkshire Hathaway's price target from $578 to $581, noting that the stock is trading at a discount to its intrinsic value and anticipating continued share repurchases, which could influence investor sentiment positively.
- IBM Defensive Investment: Bank of America reiterates IBM as a buy, citing its high exposure to recurring sales and solid balance sheet as factors that make it a defensive investment, demonstrating stability and growth potential in an uncertain market environment.
See More
Nvidia and Broadcom: Top Picks for AI Investment
- Significant Profit Growth: Nvidia's latest quarter saw a 73% revenue increase to $68.1 billion, with expectations of 79% growth next quarter, highlighting its strong profitability and market demand in the AI sector, further solidifying its industry leadership.
- Rise of Custom Chips: Broadcom's AI semiconductor division experienced a 106% year-over-year growth in Q1 of fiscal 2026, reaching $8.4 billion, indicating a rapid increase in demand for its custom AI chips, despite still holding a smaller market share.
- Future Growth Expectations: CEO Hock Tan anticipates that Broadcom's custom AI chip business will generate over $100 billion in revenue by 2027, reflecting the immense potential and long-term growth opportunities in the AI market.
- Ongoing Investment Trends: Nvidia expects global data center capital expenditures to continue rising, reaching $3 trillion to $4 trillion by 2030, indicating that AI investments are accelerating and will yield substantial profits for Nvidia and Broadcom in the coming years.
See More
