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Ten-year Treasury yields near 5% could pressure growth-heavy QQQ, putting value ETFs in focus as rate risks rise.
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Following the Federal Reserve's 25 basis point rate increase to 3.75%-4.00%, tech companies with fortress balance sheets, robust cash flow, and recurring revenue are better equipped to handle higher borrowing costs. Nvidia, Fortinet, Alphabet, Microsoft, and Apple stand out due to their exceptional liquidity, strong cash generation, and ability to fund growth internally.
B of A Securities analyst Wamsi Mohan reiterates Apple (NASDAQ:AAPL) with a Buy and maintains $370 price target.
BofA reiterates Buy on Apple (AAPL) with a $370 price forecast, citing strong carrier trade-in promos and edge AI upgrade potential.
Nvidia CEO Jensen Huang reaffirmed his prediction that AI infrastructure spending will reach $3-4 trillion by 2030, despite headwinds in the sector. Nvidia's latest earnings showed strong performance with 106% revenue growth and 75% gross margins, with its new Vera Rubin GPU architecture entering full production and receiving orders from major hyperscalers. Analysts project 54% upside potential for Nvidia stock over the next 12 months.
Joby Aviation is positioning itself as a leader in the emerging electric vertical takeoff and landing (eVTOL) aircraft market, which Morgan Stanley estimates could reach $9 trillion by 2050. Despite being down 55% over the past year, the company has logged more flight miles than competitors and is further along in FAA certification. For patient long-term investors, Joby could deliver substantial returns if it successfully commercializes and scales its air taxi service.
Hundreds of Micron employees rallied in Taiwan Thursday, threatening to strike after rejecting the company's fiscal 2026 bonus offer.