Tesla (TSLA, Financial) topped the trading volume charts, rising 3.50% with a value of $23.699 billion. Morgan Stanley maintained its "overweight" rating on Tesla, setting a target price of $410. Analysts believe that despite concerns about automotive profit margins and supply risks driven by tariffs, CEO Elon Musk's renewed focus on Tesla's core operations, including milestones in autonomous driving and robotics, is promising. Investors are advised to remain patient as these advancements translate into revenue and cash flow.
NVIDIA (NVDA) saw a 3.62% increase in its stock price, trading at $22.918 billion. Executives from both Amazon and NVIDIA indicated that the construction of AI data centers remains strong, despite recession concerns. Amazon's AWS and NVIDIA executives reported no slowdown in demand, countering earlier reports of AWS pausing data center leases.
Amazon (AMZN) rose 3.29%, with trading at $7.723 billion, while Palantir (PLTR) surged 6.90% following a collaboration with Google Cloud. Microsoft (MSFT) increased 3.45%, as Goldman Sachs reiterated its "buy" rating, adjusting the target price to $450. Netflix (NFLX) climbed 4.50% after surpassing revenue expectations. ServiceNow (NOW) achieved a significant 15.49% gain with strong earnings results, while Broadcom (AVGO) and Texas Instruments (TXN) also posted substantial gains.
