Chip stocks on the rise: Is buying in still a smart move?
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Today's Morning Movers and Top Ratings: NVDA, ACN, TSM, DJT and More
$Taiwan Semiconductor (TSM.US)$ Bernstein analyst Mark Li maintains Taiwan Semiconductor with an Outperform rating and raises the price target from $150 to $200. Shares rose by 1.76% in premarket trading.
$NVIDIA (NVDA.US)$ stock increased by 3.70%, building on its previous session's gains, which led to the chipmaker becoming the most valuable company globally.
$Crocs (CROX.US)$ B of A Securities analyst Christopher Nardone maintains Crocs with a Buy and raises the price target from $160 to $187. Shares rose by 0.53% in premarket trading.
$Accenture (ACN.US)$ stock climbed 8.65% following the IT services provider's forecast of annual revenue growth surpassing estimates, driven by the growing adoption of artificial intelligence and despite a slowdown in enterprise spending.
$Hewlett Packard Enterprise (HPE.US)$ 's shares were up by 3.0% following the announcement by Britain's competition regulator of an investigation into the company's proposed $14 billion acquisition of Juniper Networks, which itself saw a share increase of 1.3%, over potential competition concerns.
$KB Home (KBH.US)$experienced a 2.51% rise in its stock after the home construction company reported strong second-quarter performance, with increases in net orders and order value year-over-year.
$Trump Media & Technology (DJT.US)$ saw its stock drop by over 12.17% after the SEC's decision to allow investors to exchange their warrants for company shares, which could dilute the value for long-standing investors.
$Honeywell (HON.US)$ 's stock decreased by 0.23% after the conglomerate's agreement to acquire CAES Systems for $1.9 billion from Advent International.
$Enphase Energy (ENPH.US)$ JP Morgan analyst Mark Strouse maintains Enphase Energy with a Overweight and lowers the price target from $128 to $124. Shares declined by 5% in premarket trading.
Source: CNBC; Investing.com
US Top Rating Updates on 06/20
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