My top 10 things to watch Thursday, Feb. 27 1. Nvidia shares were up roughly 2% in premarket trading, the morning after the artificial intelligence chip giant eased DeepSeek and Blackwell concerns and delivered a quarterly beat and guidance raise . For now, we’re reiterating our 2 rating and $165-per-share price target. The stock remains below its Jan. 24 close around $142, the Friday before all the DeepSeek turmoil started. 2. Bernstein, Morgan Stanley, and Bank of America all hiked their Nvidia price targets. BofA was the highest of the bunch, going to $200 per share. To be sure, there was some caution. While keeping its buy rating, Citi analysts think the Club stock will likely be rangebound in the near future. 3. Nvidia, a so-called expensive stock, has a habit of looking cheaper in the rearview mirror on a valuation basis. And, we shouldn’t lose sight of how primitive current iterations of AI are right now. Fundamentally, we need better ones that can actually reason going forward, which requires more computing power. It was a monster quarter, yet Nvidia is still doubted. 4. Citi raised its Cisco Systems price target to $73 per share from $71 and kept their buy rating. The analyst came away from last night’s Nvidia earnings bullish about Cisco’s partnership with the dominant AI chipmaker. They think Nvidia’s commentary signals a likely boost to Cisco’s recent AI order outlook. 5. Salesforce also reported earnings last night , and questions whether Agentforce is ramping fast enough left shares down around 2.5% in the premarket. The Club name was unable to blow away numbers as each large enterprise figures out how to use the AI agents platform. Following Salesforce’s quarter, there were relentless price target cuts among analysts. 6. The start of last night’s earnings was Snowflake , whose stock was jumping more than 13%. Expectations were so low from multiple misses in the past. The market is demanding simple beats now, and that’s what investors got. The stock got all kinds of price target boosts from Wall Street analysts. 7. Warner Bros Discovery is finally where they should be, gaining subscribers, and the stock responded rising more than 5.5% in the morning after the quarterly print. My takeaway: WBD is valued as cable but restructured into streaming. The company also produces a bunch, making a lot of Apple’s streaming content. 8. Stocks were heading for a higher open after yesterday’s up-and-down trading saw the S & P 500 and Nasdaq close slightly higher and break their four-session losing streaks. The strength in Nvidia stock is helping lift tech stocks today. The Dow finished lower yesterday following back-to-back gains. 9. Part of yesterday’s market reversal was attributed to President Donald Trump ‘s comments at his first cabinet meeting about plans to move forward with tariffs against Canada and Mexico. This morning, Trump said in a social media post the 25% levies, which were paused earlier this month, will go into effect on March 4. On the same day, China will see an additional 10% tariff, the president added. 10. The government reported more initial jobless claims than expected for last week. The total of 242,000 was the highest level back to October 2024. It was just another sign that the U.S. economy is slowing. Trump’s efforts to reduce the federal government’s workforce resulted in job cuts. The effort, spearheaded by Elon Musk , is expected to continue. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025.
Patrick T. Fallon | Afp | Getty Images
My top 10 things to watch Thursday, Feb. 27
1.Nvidia shares were up roughly 2% in premarket trading, the morning after the artificial intelligence chip giant eased DeepSeek and Blackwell concerns and delivered a quarterly beat and guidance raise. For now, we’re reiterating our 2 rating and $165-per-share price target. The stock remains below its Jan. 24 close around $142, the Friday before all the DeepSeek turmoil started.
2. Bernstein, Morgan Stanley, and Bank of America all hiked their Nvidia price targets. BofA was the highest of the bunch, going to $200 per share. To be sure, there was some caution. While keeping its buy rating, Citi analysts think the Club stock will likely be rangebound in the near future.
3. Nvidia, a so-called expensive stock, has a habit of looking cheaper in the rearview mirror on a valuation basis. And, we shouldn’t lose sight of how primitive current iterations of AI are right now. Fundamentally, we need better ones that can actually reason going forward, which requires more computing power. It was a monster quarter, yet Nvidia is still doubted.
