NVDA MSFT QCOM MU SMCI ,Wall Street bear has turned bullish on stocks, boosting S&P 500 by 20%
MSFT introduces AI-focused Copilot+PCs
Nvidia (NASDAQ:NVDA) is set to report its fiscal first-quarter 2025 earnings
after the closing bell on Wednesday, May 22.
Investors will be mainly focusing on growth trends in Nvidia’s data center segment
and any updates on the recently announced Blackwell platform.
Wall Street analysts project Nvidia's revenue to reach $24.65 billion for Q1 FY2025,
up from the previous quarter and more than tripling from the year-ago period,
according to consensus estimates by Visible Alpha.
A top bear on Wall Street just threw in the towel and turned bullish after a big rally in the stock market.
Morgan Stanley's CIO Mike Wilson ditched his bearish call in a note on Sunday,
increasing his 12-month S&P 500 price target by 20% to 5,400.
Wilson had previously held a 4,500 price target on the S&P 500.
The new bullish forecast from Wilson would represent fresh record highs for the benchmark index,
marking potential upside of about 2% from current levels.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
