Analysts Bullish on AI Momentum for Chipmakers, Cloud Leaders
• Jefferies impressed with Arm, expects AI momentum to continue - Raised forecasts and price target on chipmaker Arm Holdings due to strength in premium smartphones and edge AI devices.
• Morgan Stanley lifts estimates on Nvidia, cites ‘very strong near-term picture’ - Raised estimates on Nvidia due to momentum in AI and upbeat near-term outlook, though expects growth to plateau in 2025.
• Bernstein 2024 is ‘make or break’ year for Baidu’s AI strategy - Baidu faces challenges expanding AI across search, apps, and cloud; success hinges on execution.
• BofA elevates Palantir price target amid robust AI demand - Upbeat on Palantir's AI platform driving commercial growth and continued momentum with US government.
• Citi bullish on Google’s Gemini Ultra AI model - Believes new model Gemini Ultra can boost innovation, search, ads for Alphabet.