Wall Street adjusts ratings for Nvidia, AMD, Arm, Tesla, and bitcoin mining companies
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Seaport maintains its sell rating on NVIDIA. Stifel initiates coverage on BlackBerry with a buy rating. UBS reiterates its buy rating on AMD and raises the target price from $470 to $670. TD Cowen reiterates its buy rating on Arm and raises the target price from $265 to $475, stating that Arm's fiscal 2031 AGI CPU target of $15 billion is reasonable. RBC reiterates its outperform rating on Tesla, expecting Tesla's Q2 delivery volume to be 405,000 units, higher than the Visible Alpha consensus estimate of 401,000 units. Needham reiterates its buy rating on Reddit. Citizens initiates coverage on Bitdeer, CleanSpark, Keel Infrastructure, and MARA Holdings, all with outperform ratings.
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