The Latest Breaking News from HSBC

Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) are trading higher Thursday afternoon after HSBC upgraded the stock from Hold to Buy and set a $200 price target.

Nike has a dividend yield of around 2.1% and while the stock has gained 20% over the last month, it’s still not too late to buy shares.

With Broadcom’s AI semiconductor revenue surging 46% and HSBC now projecting its custom chip business to far exceed market expectations, analysts see further upside even after the stock’s rapid rally.

HSBC has raised its average gold price forecast for 2025 to $3,215 an ounce, up from $3,015, citing "elevated geopolitical risks, economic uncertainty, and rising government debt." The bank also increased its 2026 estimate to $3,125 an ounce from $2,915, while projecting a turbulent path ahead.

‘Moving our money is not just symbolic; it’s a vital first step in challenging destructive financial systems,’ says ActionAid UK

Following the stock's post-earnings jump of around 10–11%, HSBC upgraded its rating to 'buy,' and peers such as Adidas and Puma also experienced gains.

Nike has beaten expectations, shares are jumping 10%, and the stock is garnering fresh Buy ratings. After a multi-year downtrend, this could be the turnaround.

HSBC has slapped a Street-high $400 price target on Broadcom stock.

HSBC raised its price target on Broadcom stock to $400. But AVGO shares, at current levels, are not particularly inexpensive to own.