$Apple(AAPL)$ Apple got a price-target bump from a Wall Street analyst on a positive view of the company's holiday-quarter sales. JPMorgan analyst Samik Chatterjee reiterated his overweight rating on Apple and raised his price target to $360 from $340.
$Advanced Micro Devices(AMD)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $GraniteShares 2x Long AMD Daily ETF(AMDL)$ Baird analyst Tristan Gerra's $1250 price target on AMD was the first truly aggressive upgrade on the Street. The target looks extreme compared to current consensus estimates, but it's not as implausible as many investors assume, especially given how fast the AI compute landscape is evolving. Gerra's thesis rests on AMD leveraging its growing leadership in both AI CPUs and GPUs to capture roughly 15% of a projected $1.4 trillion AI compute TAM by 2
$Apple(AAPL)$ Volume has been unusually low for a while now. Is it just fewer day traders around, with longs mostly holding? A 100 million share day would be nice to see, something that could push it toward $375.
$Apple(AAPL)$ Revenue is going to be insane once the product cycle is fully out. Congrats to the longs. I bet we hit $400 by mid December on a strong holiday season.
$Corning(GLW)$ They are producing enough fiber optic cable to nearly reach the sun. This kind of cabling and interconnect work comes with sticky purchases and decades of maintenance revenue. Their patents also extend into areas like glass core substrates, which next-gen AI chips will need for heat suppression. And the most promising $Apple(AAPL)$ device in years, the foldable, uses Corning's flexible glass. If anyone thinks this is worth less than $400 right now, that seems hard to justify.