NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) saw a nearly 5% surge to a new record high of around $1,222 on Wednesday afternoon, prompting Bank of America analysts to reaffirm their 'Buy' rating and assign a $1,500 price target to the chipmaker's stock.
The AI darling's market capitalization surged above $3 trillion for the first time and put it on track to overtake Apple as the second-most valuable company listed in the US.
RBC has tipped ‘hard luxury’ stocks Watches of Switzerland Group PLC (LSE:WOSG), Richemont and Kering as preferred plays in the luxury sector over ‘soft luxury’ stocks, although analysts also gave LVMH an outperform rating.
Hard luxury items refer to watches, jewellery, and other durable luxury goods, while soft luxury items typically include fashion, leather goods, accessories, and high-end apparel.
ATOME’s completion of a FEED study for the 145MW green fertiliser Villeta project in Paraguay is a key milestone for the project, according to house broker SP Angel.
Next steps are to select an EPC contractor and offtaker for the project, with an announcement expected later this month.
Deutsche Bank has raised its target for shares in Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) to 6,200p a share from 6,000p following the steep rise in the price of copper.
It pointed out the red metal reached the bank's previous year-end target of $10,000 per tonne, reflecting improving global growth "and a surge in speculative flows against a backdrop of structurally tight supply".
Prelims from discoverIE Group PLC (LSE:DSCV) passed muster with analysts covering the custom electronics group.
Peel Hunt in a note said: "discoverIE finished the year well, marginally beating our expectations for profit before tax and operating margin.
Deutsche Bank has updated its financial model for Creo Medical Group PLC (AIM:CREO) in the wake of the med-tech specialist's prelims and reiterated its 80p price target - which is more than double the current share price of 36.47p (up 1.3% on the day).
"Priorities for 2024 include accelerating the training programme for core technology, broadening licensing agreements and investing wisely to manage cash," it said in a short note to clients.