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On January 6, several key market events and stocks are drawing attention. Nvidia’s CEO, Jensen Huang, is set to deliver a highly anticipated keynote at the Consumer Electronics Show in Las Vegas, coinciding with Microsoft’s recent AI manifesto emphasizing the industry revolution’s cost implications. Stocks related to AI chips, including Nvidia, Marvell, and Micron, are seeing gains due to positive performance reports from Foxconn, suggesting potential upward momentum in the sector.
Palantir is under new analyst coverage from Morgan Stanley, which has issued a sell-equivalent rating with a price target significantly below its recent closing price. Despite this, bullish sentiments around Palantir persist, likening it to a more intelligent version of meme stock GameStop. Meanwhile, Tesla continues to excel as it transitions into the AI realm through advancements in self-driving technology.
Other notable market movements include Guggenheim downgrading Palo Alto Networks to sell due to mixed earnings, Barclays upgrading Boeing, and Paychex advancing talks to acquire Paycor, indicative of shifting corporate dynamics. Additionally, United Airlines prepares for its inaugural Starlink internet flight, potentially enhancing customer loyalty. Lastly, private equity firms push for access expansions to retirement savings plans.
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