Rating Quick Look | NVIDIA, Micron Technology Target Prices Raised! Tesla's Robotaxi Faces Doubt
Roth Capital is skeptical about Tesla's upcoming Robotaxi launch, believing that the stock's overnight increase of about 5% was driven by technical rather than fundamental factors. The firm stated that the harvest period for Tesla's autonomous driving technology is still far away. In terms of power consumption, autonomous driving is as demanding as the current electric vehicle transmission system. Technically, this is imaginable and feasible, but it is not applicable to Tesla vehicles already sold, nor is it a standard that anyone can adopt today
KeyBanc: Raises NVIDIA's Target Price to $1200
The firm believes that GB200 may generate revenue of $90 billion to $140 billion on its own. In addition, NVIDIA plans to double its CoWoS capacity at TSMC next year, while demand for H20 in China is "far beyond expectations," potentially generating incremental revenue of $9 billion to $12 billion this year.
KeyBanc: Raises Micron Technology's Target Price to $150
The firm sees Micron's HBM3e high-bandwidth memory products outperforming competitor SK Hynix's products, and expects Micron's HBM products to benefit from the launch of NVIDIA's latest data center AI processors.
The firm anticipates that as investors become more aware of Micron's strong position in HBM, the company's stock price is likely to be re-rated and viewed as a significant player in the field of artificial intelligence.
Roth Capital: Maintains "Neutral" Rating on Tesla, Target Price of $85
The firm is skeptical about Tesla's upcoming Robotaxi release and believes that the stock's overnight rise of about 5% was driven by technical rather than fundamental factors.
Analysts point out that professional investors act with the trend, carefully gauging the direction of retail investors. All of their clients on Wall Street will measure the momentum brought by this announcement. After digesting this news initially, the harvest period for Tesla's autonomous driving technology is still far away.
In terms of power consumption, autonomous driving is as demanding as the current electric vehicle transmission system. Technically, it is imaginable and feasible, but it is not applicable to Tesla vehicles already sold, nor is it a standard that anyone can adopt today.
Jefferies: Maintains "Buy" Rating on Baidu-SW Group, Target Price of HK$173
The firm maintains its full-year performance forecast for Baidu-SW Group, considering the latest business trends and using more conservative estimates across different segments, emphasizing the crucial role of artificial intelligence in driving profitability and efficiency.
The firm expects Baidu's core revenue in the first quarter of this year to grow by about 2.5% year-on-year to 23.6 billion yuan. By segment, it is estimated that Baidu's core online marketing revenue will grow by about 2% year-on-year. For Baidu AI Cloud, revenue is estimated to grow by 9% (previously 11%), reaching 4.6 billion yuan. Baidu's core non-GAAP operating profit is 5.3 billion yuan, with a first-quarter non-GAAP operating profit margin estimated at 22%