Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares were down about 6.2% on Wednesday afternoon, extending recent losses as investors reacted to concerns over new energy efficiency regulations in China that could impact the company's artificial intelligence chip sales.
“So far in March, the company has accumulated a loss of more than 8%,” said Antonio Di Giacomo, financial markets analyst for LATAM at XS.
New Gold Inc. (TSX:NGD) received a double upgrade to 'Buy' from 'Underperform' and a 50% increase in its price target to C$5.45 ($3.90) from Bank of America, as the company’s operational turnaround gains momentum.
The upgrade comes as the company sees strong growth in both gold and copper production, falling unit costs, and an inflection point in free cash flow generation.
GameStop Corp (NYSE:GME) posted a rare operating profit for the fourth quarter despite a sharp decline in revenue, prompting Wedbush analysts to boost their price target on the video game retailer while repeating their ‘Underperform’ rating.
“We are raising our price target from $10 to $11.50 to reflect the company’s cash balance of approximately $10.50 per share plus $1 in going concern value,” the analysts wrote.
CD Projekt shares dropped over 10% after the Polish game developer gave an update on the timing of the next instalment of its popular Witcher series.
The company said the premiere of 'Witcher IV' was now scheduled for after 2026.