Davidson upgrades PacWest shares to buy as bank stock continues to crater another 37%
Citing the 54% decline in PacWest’s stock on Thursday and Friday, Davidson upgraded shares to buy from neutral, while lowering its price target.
ChatGPT and generative AI are booming, but the costs can be extraordinary
It can cost millions of dollars to train and operate generative AI technologies like ChatGPT, which are being subsidized by tech companies and VCs.
Citi says it’s time to buy PNC shares after Silicon Valley Bank fallout
The recent pullback in PNC shares has created an attractive entry point, according to Citi, which upgraded shares to buy from hold.
Citi upgrades Charles Schwab, says recent selloff opens a promising entry point
Citi analyst Christopher Allen says that the recent sell-off in Charles Schwab shares presents a compelling entry point for investors.
Credit Suisse downgrades Logitech, says there’s little hope for growth ahead
There’s little hope for growth for Logitech this year, according to Credit Suisse.
Wells Fargo upgrades JPMorgan Chase, says ‘Goliath is winning’ as uncertainty grows around banking
Wells Fargo upgraded JPMorgan to overweight from equal weight, saying that the banking giant is a source of stability amidst uncertainty in the sector.
Wolfe Research downgrades Tesla, says SVB failure adds to automaker’s macro pressures
Analyst Rod Lache downgraded Tesla shares to peer perform from outperform. Lache maintained his price target of $185.
Auction process is reportedly underway to find a buyer for Silicon Valley Bank
Federal regulators are exploring selling Silicon Valley Bank to another financial institution after the tech-focused bank was taken over on Friday.
Where Paul Wick, seasoned tech stock investor, is raising his bets now
The veteran investor has navigated both the shoals and deep water of the tech industry for more than 30 years.
