Market News

Big Tech Loses Big in Market Rout

The market is giving up most of its yesterday’s gains today and big names in technology are leading the slide. Here are the biggest tech decliners today

NVIDIA Corp (NASDAQ:NVDA)

The chipmaker is down as gyrating currency markets continue to exact a toll.

The street still sees a 69.85% potential upside with a $207.13 price target but remains cautious with a Moderate Buy consensus rating for NVDA stock.

Tesla (NASDAQ:TSLA)

Tesla’s AI day tomorrow will be keenly watched. Further, Optimus and updates on driving software could be the harbingers of the things to come.

The Street though remains cautious with a Moderate Buy consensus rating alongside a $311.21 average price target. This implies a 14.06% potential upside for TSLA stock.

Apple (NASDAQ:AAPL)

The iPhone maker continues to slide from its August highs and a downgrade from BofA seems to be further weighing on investor sentiment.

Overall though, analysts are maintaining a Strong Buy consensus rating on AAPL stock alongside a $183.89 average price target indicating a 28.19% potential upside.

Amazon (NASDAQ:AMZN)

Amazon’s proposed iRobot (IRBT) acquisition could be blocked and the deal is being reviewed by the Federal Trade Commission.

Overall, the Street has a Strong Buy consensus rating on Amazon stock alongside an average price target of $172.67 which still implies a 51.46% potential upside for the stock.

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