Analyst Ruben Roy, who maintained his overweight rating on the stock, raised his price target to $212 from $202, which implies 19% upside from Friday’s close.<\/p>\n
The analyst said “accelerating broad-based demand” for Nvidia’s GB300 platform could serve as a tailwind for the artificial intelligence chip darling.<\/p>\n
“Our supply chain discussions continue to point to expectations for ramping GB300 orders into year-end even as sustained GB200 demand continues,” he wrote. “We expect a modest F2Q beat relative to consensus, as a function of prudent guidance, still-strong CapEx commentary from CSPs, de-risked China headwind with potential sales benefit, and healthily-ramping product sales with seemingly limited supply-chain disruption.”<\/p>\n
CNBC Pro subscribers can read more here<\/a>.<\/p>\n \u2014 Lisa Kailai Han<\/p>\n Ether ETFs log first week of outflows since May<\/p>\n Ether ETFs posted $341 million in inflows Friday and its second day in a row of positive flows, according to SoSoValue, led by Fidelity’s FETH<\/a> fund. Meanwhile, bitcoin ETFs saw their sixth consecutive day of net outflows \u2014 primarily from BlackRock’s popular IBIT<\/a> fund, while others saw minor inflows.<\/p>\n For the week ending Aug. 22, the ether posted $237 million in net ouflows, which was its first week of negative flows since May 9. Bitcoin ETFs saw more than $1 billion in net outflows in the same week.<\/p>\n The price of ether<\/a> is pulling back to start the week<\/a>, after hitting a fresh record of almost $5,000 over the weekend. It was last lower by 6% at under $4,600, according to Coin Metrics. <\/p>\n ETH hit an earlier all-time high late Friday for the first time since 2021<\/a>.<\/p>\n \u2014 Tanaya Macheel<\/p>\n Intel shares rise after U.S. government confirms 10% stake in chipmaker<\/p>\n Intel<\/a> shares were up more than 2% in the premarket, adding to its 5.5% jump on Friday after the U.S. government confirmed it had taken a 10% stake in the chipmaker<\/a>. <\/p>\n “BIG NEWS: The United States of America now owns 10% of Intel, one of our great American technology companies,” Commerce Secretary Howard Lutnick said in a post on X. <\/p>\n Stock Chart IconStock chart icon INTC 5-day chart<\/p>\n Keurig Dr Pepper falls on deal to buy JDE Peet’s<\/p>\n Shares of Keurig Dr Pepper<\/a> dropped more than 3% in the premarket after the company announced a deal to buy Dutch coffee company JDE Peet’s for $18 billion<\/a>.<\/p>\n Following the deal’s completion, Keurig plans to split up its beverage and coffee units into two separate, U.S.-listed companies. This move would effectively unwind the 2018 merger between Keurig and Dr Pepper Snapple.<\/p>\n Stock Chart IconStock chart icon KDP 5-day chart<\/p>\n \u2014 Fred Imbert, Ruxandra Iordache<\/p>\n Hong Kong, Chinese stocks climb, leading gains in Asia<\/p>\n Asia markets climbed Monday<\/a>, led by China and Hong Kong stocks, after Federal Reserve<\/a>\u00a0Chair Jerome Powell signaled that the central bank\u00a0could begin\u00a0easing monetary policy<\/a>\u00a0next month in his widely anticipated annual speech in Jackson Hole, Wyoming.<\/p>\n Mainland China’s\u00a0CSI 300<\/a>\u00a0extended its gains for the fourth consecutive session, climbing 2.08% to end the day at 4,469.22 after hitting a 37-month high earlier in the day.<\/p>\n Hong Kong’s\u00a0Hang Seng Index<\/a>\u00a0surged 1.94% to 25,829.91, after coming within range of a four-year high. Gains were led by\u00a0Zijin Mining Group<\/a>,\u00a0which gained 6.38% and NetEase<\/a>, which jumped 6.04%.<\/p>\n The tech sector was among the key contributors to the HSI’s gains. The Hang Seng Tech index rose 3.14% to 5,825.09, with strong moves seen in Nio<\/a>, which gained 15.17%<\/a> and semiconductor and electronics manufacturer ASMPT<\/a>, which added 7.6%.<\/p>\n Strong gains were also seen in Taiwan’s Taiex index, which advanced 2.16% to 24,277.38.<\/p>\n Over in South Korea, the Kospi<\/a>\u00a0index increased by 1.3% to end the day at 3,209.86, while the small-cap Kosdaq advanced 1.98% to 798.02.<\/p>\n In Japan, the\u00a0Nikkei 225<\/a>\u00a0benchmark rose 0.41% to close at 42,807.82, while the broader Topix index ticked up 0.15% to 3,105.49.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0benchmark ended flat at 8,972.40, after crossing the 9,000 threshold earlier in the session.<\/p>\n Over in India, the benchmark\u00a0Nifty 50<\/a>\u00a0added 0.53%, while the BSE Sensex index moved up 0.51% as of 1:50 p.m. Indian Standard Time (4:20 a.m. ET).<\/p>\n \u2014 Amala Balakrishner<\/p>\n Ether rises to a fresh record, bitcoin erases gains from Jackson Hole rally<\/p>\n Ether<\/a> rose to a new record over the weekend, after hitting an all-time high Friday for the first time since 2021<\/a>.<\/p>\n The price of the second largest cryptocurrency rose as high as $4,954.81 on Sunday afternoon. It was last higher by less than 1% at $4,776.46.<\/p>\n Meanwhile, bitcoin<\/a> at one point erased all the gains from its Friday rally, falling as low as $110,779.01, its lowest level since July 10. It was last trading lower by 2% at about $112,000. The flagship cryptocurrency hit its most recent record<\/a> on Aug. 13.<\/p>\n \u2014 Tanaya Macheel<\/p>\n Yardeni maintains S&P target despite Fed easing expectations<\/p>\n The market may have rallied last week on Fed Chair Jerome Powell’s remarks hinting at rate cuts, but August’s CPI and employment reports, and potentially a “few” other indicators, might convince the FOMC to hold off on easing if they are hotter than expected, according to Wall Street strategist Ed Yardeni.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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