The lock-in effect that has kept U.S. housing market activity subdued probably isn’t going away this year or next year or even the year after that. It could hang over prospective buyers and sellers of existing homes for six to eight years before finally going away, Bank of America warned in a note on Monday, locking […]
A Las Vegas housing development.James Marshall/Getty Images US home prices surged 46% from January 2020 to 2024 due to pandemic-era migration trends. Prices will edge up over the next two years, Bank of America said. The mortgage lock-in effect will continue for six to eight years. The pandemic-era housing boom hasn’t worn off and should […]
Surging demand for high-bandwidth memory (HBM) chips – used in data centres for artificial intelligence (AI) projects – is heating up the global semiconductor industry, but mainland China’s supply chain is not ready to reap the benefits of this booming market segment, according to a Bank of America (BofA) analyst. “Memory chips are experiencing a […]
(Bloomberg) — Global investors are likely to keep pumping money into record-hitting stock markets, according to a survey by Bank of America Corp. Most Read from Bloomberg Answering a question about the asset class that would benefit most from a reallocation of money-market funds, 32% of respondents opted for US stocks. Another 19% said the […]
Consumers have been met with rising dining costs in and out of the home. However, a Bank of America note reports that the gap in the cost of food at home versus food away from home is now at an all-time high. Bank of America Securities Senior Food and Beverage Analyst Peter Galbo joins Market […]
Shares of Nvidia (NVDA) are soaring on Monday following the company’s announcement of new AI chips, sparking optimism among investors and analysts. In a bullish move, Bank of America analysts have raised their price target on the chipmaker to $1,500, up from the previous target of $1,320. Yahoo Finance’s Seana Smith and Madison Mills break […]
Nvidia’s stellar second quarter earnings report still doesn’t justify its current stock price, according to David Trainer.Sam Yeh/AFP/Getty Images The semiconductor bull run will persist until mid-2026, based on previous cycles, Bank of America said. This will benefit three major industry themes: cloud computing, cars, and complexity. Nvidia, Broadcom, NXP Semiconductors, and KLA Corporation are […]
Consumers might be squeezed by inflation, but it seems their wallets aren’t tight enough to stop them spending on enjoying a good time. At least, that’s what Brian Moynihan is seeing from the data at Bank of America. But while shoppers are still splurging on experience spending, they’re consciously pulling back on more day-to-day purchases […]
(Bloomberg) — Investors betting that technology behemoths will continue to fuel the rally in equities could be in for a rough ride when other sectors start to catch up, according to strategists at Bank of America Corp. Most Read from Bloomberg The outperformance of value over growth stocks as market breadth improves could be the […]
Nvidia shares surged 9% to a record high above $1,000 on Thursday after another blowout earnings report, but the stock is about to get a lot cheaper as the AI chip leader announced a 10-for-1 split that will help retail investors more readily buy its shares. Bank of America analysts, led by Jared Woodward, head […]
(Bloomberg) — Nvidia Corp. delighted investors when it announced a 10-for-1 stock split earlier this week. The move may be the start of a trend, as several prominent tech companies trade at prices high enough to tip the scales toward similar splits, according to a note from Bank of America. The bank highlights 36 S&P […]