AMD price target lift, Apple’s WWDC, Chewy downgrade


00:00 Speaker A

It’s time for Yahoo Finance’s market minute. US stocks seesaw as investors eye renewed US-China trade talks. Wall Street looking for signs of either side willing to dial down tensions and reach a tariff deal. AMD shares getting a lift as City raises its price target on that stock from 100 to 120. City highlighting potential positive catalyst, the second half of the year and sees the chip maker as having some advantages over Nvidia. The price target change comes ahead of AMD’s advancing AI event, which is taking place on June 12th. Apple kicking off its worldwide developers conference on Monday. The iPhone maker offering a look at the changes coming to the company’s software products throughout the next year. Apple expected to reveal software and design updates. And Chewy shares, they’re sliding as Mizuho hits the stock with a downgrade, lowering its rating from outperform to neutral. Mizuho citing the pet food company’s unattractive positioning, noting quote, several potential landmines for the first quarter. And that’s your Yahoo Finance market minute.


Leave a Reply

Your email address will not be published. Required fields are marked *