On this episode of Stock Movers:
- Nvidia (NVDA) shares rise after Treasury Secretary Scott Bessent was asked on Fox Business whether there were ever discussions of the US government taking a stake in Nvidia; he said he was not part of any such talks. He did say Nvidia is the most valuable company in the world, with “incredible” management.
- Intel (INTC) shares rise after Bank of America downgraded the stock to underperform from neutral, saying it has gone “too far, too fast” and the company has yet to lay out a “discernible AI strategy”
- AMD (AMD) shares are up after the company was raised to outperform from neutral at KGI Securities, price $260, implies a 21% increase from last price. Mizuho raised the target price on AMD to $275 from $205, which implies a 28% increase from the last price.