Street calls of the week

Weekly analyst updates highlight upgrades for Robinhood and Monolithic Power, downgrades for Applied Optoelectronics and Spotify, and a neutral rating for Palantir Technologies.

Wells Fargo initiates coverage of chip stocks; ON Semiconductor, Arm at Overweight

Nvidia to report solid earnings beat but near-term upside limited, KeyBanc says

KeyBanc predicts Nvidia will exceed Q3 earnings expectations but faces challenges in Q4, reducing revenue forecasts while remaining optimistic long-term due to AI growth.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.11%

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.69%

U.S. stocks rose on Monday, with the Dow reaching new heights; notable gains in Consumer Goods and Financial sectors, while some major players like Intel and Moderna faced declines.

Earnings call: MPS sees robust growth with record Q3 revenue

Monolithic Power Systems reported Q3 2024 revenue increased 22% sequentially and 30% year-over-year, driven by automotive and communication sectors; faces inventory challenges amid strong demand.

Futures slide as Meta, Microsoft cost warnings highlight AI trade risks

Wall Street futures fell after Meta and Microsoft warned of rising AI costs, causing concerns about megacap stocks despite strong earnings. Market volatility expected ahead.