icon
icon
icon
icon
🏷️$300 Off
🏷️$300 Off

News /

Articles /

Tech Titans on the Rise: Carvana, Intel, Oracle Lead Market Surge with Bold Moves

Market BriefMonday, Sep 16, 2024 6:30 pm ET
1min read
1. Carvana (NYSE: CVNA)
Carvana surged by 7.61%. Carvana's 2024 interim report shows $64.71 billion revenue. Evercore ISI maintains an In-Line rating, raising the price target to $157.00. Stephens & Co. initiates coverage with an Overweight rating, targeting $190.00. JMP Securities reiterates Outperform, setting a $200.00 target.

2. Intel (Nasdaq: INTC)
Intel surged by 6.36%. Intel customizes AI chips for Amazon, implements cost-cutting and chip manufacturing measures, and delays German, Polish, and Malaysian projects. Additionally, Intel receives up to $30 billion from the Biden administration for a secure enclave plan, supporting domestic semiconductor supply.

3. Oracle (NYSE: ORCL)
Oracle gained solidly by 5.15%. Oracle reported Q1 2025 revenue of $13.307 billion, up 6.86% year-over-year, with net income of $2.929 billion. Melius Research upgraded Oracle to Buy. Jefferies maintained a Buy rating, raising its price target to $190. CEO Larry Ellison discussed AI GPU acquisition plans.

4. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 4.52%. Vistra achieved $68.99 billion revenue for the first half of 2024, down 9.39% year-over-year. Jefferies initiated Vistra coverage with a "Buy" rating and a $99 target, while Morgan Stanley maintained an "Overweight" rating, raising the target to $110.

5. Rocketmpanies (NYSE: RKT)
Rocketmpanies gained solidly by 3.85%. UBS maintains sell rating on Rocket Companies, setting a $14.00 target. Insider transactions disclosed in September involve sales by executives Noah A. Edwards and Krishna Varun. Wedbush gives a neutral rating with an $18.00 target, while B of A Securities rates underperform, targeting $14.00.
Comments

Add a public comment...
Post
No Comment Yet
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App