JPMorgan analyst Harlan Sur lowered his price target for Nvidia to $200 from $205 while reiterating an Overweight rating on the shares following last night's Q2 results. The analyst views the results as "strong" and would be accumulating the shares at current levels. He believes China gaming demand has improved and continues to expect Nvidia's datacenter segment to grow low-double digits quarter-over-quarter.

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."