With earnings eight days out, Morgan Stanley nudged its Nvidia price target to $288 from $285, maintaining Overweight and projecting $91.1 billion in quarterly revenue with EPS of $2.07. The stock closed near $225 on Monday after gaining roughly 9% over the prior two weeks. The caveat: Nvidia has sold off after each of its last four earnings releases, and the market's focus has shifted to longer-term gross margin trends and the Rubin platform ramp, with Morgan Stanley estimating ~150,000 Rubin units shipping in Q3 for roughly $9 billion in revenue.
Micron shares jumped 4.1% on Monday after New Street's Pierre Ferragu upgraded the stock from Neutral to Buy and raised his price target to $1,250 — implying roughly 32% upside from Friday's close near $950. Ferragu's thesis: AI has permanently altered both the volume and quality of memory demand, making the old analytical framework obsolete. It is among the most aggressive published targets in the memory sector.
Anthropic is actively meeting institutional investors ahead of a targeted September or early October Nasdaq listing with a valuation near $965 billion, which would make it the first company to debut on public markets at a $1 trillion valuation. The company filed a confidential S-1 on June 1; Goldman Sachs, JPMorgan, and Morgan Stanley are lead underwriters. Pre-roadshow investor concerns center on competition from lower-cost AI models and regulatory friction. Not yet publicly traded — a watch item for the broader AI sector.
AMD jumped 6.5% on a $4.75 billion debt offering earmarked for the MI450 accelerator ramp in Q3. Oracle has confirmed rolling out 50,000 MI450 units across its cloud infrastructure this quarter, and the Anthropic megadeal — covering tens of billions in MI455X and MI450 demand with up to 2 gigawatts of GPUs — gives AMD unusual 2027 revenue visibility. Analyst targets have surged: Jefferies $640, BofA $620, UBS $730, and Baird at $1,250. Technical analysis targets a triangle breakout to $530–$607.
CoreWeave reported Q2 revenue of $2.58 billion — up 112% year over year, beating the $2.56 billion estimate — with an adjusted loss of $1.03 per share versus the $1.20 expected. The contracted revenue backlog stands at $104 billion, excluding over $25 billion in new Q3 commitments. Full-year guidance was raised to $12.4–$13.2 billion in revenue, with $35–$39 billion in annual capex and a target of over 1.85 GW in active power by year end. Shares jumped 14% in extended trading.
Palantir's Q2 revenue came in at $1.94 billion, clearing the $1.81 billion estimate with 93% year-over-year growth, as the company raised its full-year guidance to $8.15 billion. The U.S. commercial segment surged 149%, and management highlighted Palantir's role as the data backbone for the Army's NGC2 — its highest-priority modernization program. Shares rose as much as 15% in the days following the August 3 report.
Applied Materials guided fiscal Q4 revenue to a record $10.25 billion and reversed an initial post-earnings dip, gaining 5.09% on Sunday. Flat gross margins of roughly 50.4% reflect accelerated hiring and capacity expansion costs, but analysts noted the multi-year AI infrastructure tailwind as the more durable story. Teradyne also extended its post-earnings rally, adding 5.81% in the same session.
Broadcom shed 5.9% to $392.99 last week with no company-specific catalyst — a textbook post-rally exhale after climbing over 13% year to date on growing custom-ASIC revenue from hyperscalers. The company has guided for AI semiconductor revenue to surge over 200% year over year to $16 billion in Q3. The pullback arrives ahead of Broadcom's own late-August earnings print, when it closes out the sector's big reporting trio alongside Nvidia and Marvell.
JPMorgan made a modest downward revision to Oracle's price target on Monday — to $200 from $210 — even as Oracle confirmed Project Jupiter, its AI infrastructure expansion, remains on schedule. Oracle is also one of the largest early deployers of AMD's MI450 chips, rolling out 50,000 units across its cloud this quarter, positioning itself as a credible alternative to AWS and Azure for enterprise AI workloads.
SoundHound AI posted Q2 revenue of $61.9 million, well above the $52.5 million estimate, up 45% year over year. Wall Street rates the stock a Strong Buy with consensus upside near 60%. It remains a smaller-cap name in an AI sector dominated by trillion-dollar players, but consistent beats are keeping it on institutional watchlists.
AI Stocks
