Previous close | 20.99 |
Open | 20.99 |
Bid | 18.85 |
Ask | 21.35 |
Strike | 440.00 |
Expiry date | 2026-12-18 |
Day's range | 20.99 - 20.99 |
Contract range | N/A |
Volume | |
Open interest | 117 |
D.A. Davidson has initiated coverage on Meta Platforms (META) — with a Buy rating and $600 per share price target — and Alphabet (GOOG, GOOGL) — with a Neutral rating and $170 per share price target. Additionally, D.A. Davidson managing director Gil Luria has excluded Tesla (TSLA) in his Magnificent Seven coverage in the firm's "compute sector," grouping Meta and Alphabet with Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA). On Tesla, Luria wrote “if it looks like a duck (greater than 90% of revenue from cars) and quacks like a duck (greater than 90% of profits from cars) it might just be a duck (a car company)" in a note on Tuesday. Luria sits down with Julie Hyman and Josh Lipton on Market Domination to talk more about his call about these tech giants and their investments in AI and computing. "Those markets require scale, reach, and capital. So unlike previous waves of technology innovation that came from startups, innovation now is coming from... these biggest companies. So these six companies will continue to dominate in AI and spatial computing, and extend their lead from the sectors they're already in — desktop and mobile computing, cloud computing and advertising, computing," Luria tells Yahoo Finance. "They'll keep dominating those and they'll dominate the next two waves." Luria elaborates on how Meta is differentiating its AI usage and large language models from its Silicon Valley counterparts as prominent tech players continue to spend more on Nvidia chips. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
More than halfway through the third quarter, Wall Street strategists believe earnings projections are showing "resilience."
US stock market averages (^DJI, ^IXIC, ^GSPC) open higher, extending yesterday's rebound from September volatility. Chipmaker Nvidia (NVDA) is also seemingly rallying along with the rest of the tech sector. The Morning Brief's Seana Smith and Brad Smith report on market movements after Monday's opening bell, taking note of trends in the bond market (^TYX, ^TNX, ^FVX). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.