Posted 4/11/2024, 12:29:00 PM
Stocks Mixed After Inflation Data; Nvidia and Microsoft Get Price Target Boosts as Amazon Pushes AI
- Dow Jones turned lower after key inflation report, following hot CPI news that hit markets hard
- Nvidia and Microsoft stock got new price target hikes; Nvidia edged up while Microsoft little changed
- Amazon CEO Jassy pledged to continue cost cuts while pushing hard into AI, including own AI chips
- Producer Price Index rose less than expected in March, suggesting slightly tamer core inflation
- Vertex to acquire Alpine Immune for $4.9B; Regeneron accused of overcharging Medicare for top drug
