TE Connectivity stock holds Buy rating at Jefferies on AI and energy growth

US stocks have declined as concerns about artificial intelligence (AI) persist, despite strong sales reported by Nvidia. Investors remain jittery about the potential for an AI bubble, which has overshadowed Nvidia's positive earnings performance.

Nvidia's latest earnings report exceeded analysts' expectations, alleviating concerns about a potential AI bubble. The company's strong performance has positively impacted market sentiment, particularly in the tech sector, as fears of a slowdown in AI spending diminish.

Jefferies has raised the stock price target for NetEase from $155 to $158, reflecting a cautious optimism regarding the company's market performance. This adjustment comes amid ongoing challenges faced by NetEase, particularly following a recent earnings call that revealed mixed results and a 3% drop in shares due to revenue that missed analysts' expectations.

Nvidia's recent earnings report has alleviated concerns regarding a potential AI bubble, indicating strong demand for its products. Despite this positive outcome, the company still faces challenges in meeting global demand for AI technology. Analysts continue to monitor Nvidia's performance closely as it plays a pivotal role in the AI sector.

U.S. Senator Mark Warner has warned that unemployment among recent graduates could reach 25% due to the impact of artificial intelligence (AI). He expressed concerns that this situation may lead to significant social disruption, particularly as many graduates are burdened with student loan debt and may struggle to find employment to repay it.

Veracyte presented its strategic expansion and growth plans at the Jefferies London conference. The company aims to enhance its market presence and operational efficiency in the healthcare sector. This initiative reflects Veracyte's commitment to leveraging new opportunities for future growth.

Yann Le Cun, a prominent figure in artificial intelligence and a key player at Meta for over a decade, is leaving the company. His departure follows disagreements with fellow engineers regarding the future of AI technology, particularly large language models like those used in ChatGPT.

Jefferies has lowered its stock price target for ZTO Express to $25, reflecting a negative outlook on the market. This adjustment comes amid concerns regarding the company's financial performance and broader market conditions. Investors are reacting to these developments with caution as they assess the implications for ZTO Express's growth potential.