Welcome to Markets Desk, your midday look at what's moving markets.
Memory chip stocks are under pressure today, but Nvidia's Jensen Huang is pushing back hard against the bears. The CEO told investors that tight memory supply conditions won't ease until after two thousand twenty nine, a signal that demand for high-bandwidth memory tied to AI infrastructure remains structurally constrained for years ahead. That's a bullish long-term read from the most influential voice in semiconductors, even as the sector sells off in the near term.
Shifting to the semiconductor equipment space, Lasertec's depositary receipts are drawing fresh analyst attention, with the consensus price target jumping over thirty percent to sixty seven dollars and eighty four cents per share. The Japanese chip tool maker has been a key name in extreme ultraviolet lithography supply chains, and this kind of aggressive target revision suggests analysts see meaningful upside being underpriced by the market.
And in the financial sector, Goldman Sachs preferred securities are seeing a notable target upgrade, with the consensus estimate climbing nearly twenty five percent to twenty three dollars and twenty seven cents. Preferred securities don't usually command this kind of revision magnitude, which points to a reassessment of Goldman's capital structure and rate sensitivity as the macro picture continues to evolve.
That's the tape. Markets Desk, signing off the floor.
