RBC Capital analyst Mitch Steves keeps his Outperform rating and $285 price target on Nvidia ahead of the company's Analyst Day next week. The analyst notes that similar to prior instances, the event will feature a discussion of the company's new product launches, and while it is unclear whether there will be any official product announcements, at a minimum Nvidia may offer up a timeline that addresses recent press speculation of two new GPU architectures. Specifically, Steves looks ahead to Nvidia updating on a consumer card rather than its data center products. The analyst also expects the company to affirms its financial outlook without raising guidance.

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."