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<p class="has-drop-cap">In a day of significant market movements, three tech stocks are grabbing headlines with notable developments and price shifts. Nvidia Corporation (NASDAQ: NVDA), Enphase Energy, Inc. (NASDAQ: ENPH), and Corning Incorporated (NYSE: GLW) are all experiencing substantial changes in their stock prices and market outlook. These movements come as a result of analyst upgrades, product launches, and improved financial guidance.</p> 
<h3 id="nvidia-nvda-soars-on-analyst-praise">Nvidia (NVDA) Soars on Analyst Praise</h3> 
<p>Nvidia’s stock climbed on Monday, July 8, 2024, following multiple analyst upgrades. The company’s shares rose 1.72% to $128.00, driven by heightened enthusiasm for its <a href="https://tokenist.com/nvidia-unveils-new-chip-architecture-analyst-forecasts-10-trillion-valuation-by-2030/" rel="dofollow" class="deco-link">upcoming Blackwell AI platform</a>. Both UBS and Wolfe Research raised their price targets to $150, citing “exceedingly robust” demand for Nvidia’s data center components. <br><br>The analysts noted that Nvidia’s order pipeline is “materially larger than just two months ago,” with major tech companies like Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG), Meta (NASDAQ: META), and Amazon (NASDAQ: AMZN) increasing their AI infrastructure spending. <br><br>Goldman Sachs projects that big tech will collectively invest over $1 trillion in AI over the next five years, with Nvidia poised to be a primary beneficiary. The company’s stock has seen remarkable growth, with a year-to-date return of 158.46% and a staggering 5-year return of 3,113.35%.</p> 
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<h3 id="enphase-energy-enph-launches-new-battery-in-france">Enphase Energy (ENPH) Launches New Battery in France</h3> 
<p>Enphase Energy unveiled its <a href="https://enphase.com/store/storage/gen3/iq-battery-5p" target="_blank" aria-label="IQ Battery 5P (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">IQ Battery 5P</a> in the French solar market on July 8, 2024, marking a significant expansion of its European presence. <br><br>The new battery, with a storage capacity of 5 kilowatt-hours, works in conjunction with Enphase’s IQ8 microinverters to provide reliable on-demand energy for residential clients. This launch positions Enphase to capitalize on France’s growing solar market, the fifth-largest in Europe, and tap into the expanding global battery storage market, which is expected to grow at a CAGR of 8.7% through 2029. <br><br>Despite the positive news, Enphase’s stock has faced challenges this year, with a year-to-date decline of 22.43%. However, the stock showed signs of recovery on Monday, rising 5.64% to $102.62.</p> 
<h3 id="corning-glw-surges-on-improved-q2-guidance">Corning (GLW) Surges on Improved Q2 Guidance</h3> 
<p>Corning saw its stock surge 11.95% to $43.03 on Monday following the release of improved second-quarter guidance. <br><br>The company projected Q2 revenue of $3.6 billion, up $200 million from its previous forecast, marking its first year-over-year growth since Q3 2022. This positive outlook comes after a period of weakened demand and suggests a potential recovery across Corning’s diverse business segments, including Optical Communications, Environmental Technologies, and Life Sciences. <br><br>The stock’s strong performance has contributed to a year-to-date return of 43.70% and a 5-year return of 49.00%. Analysts maintain an average price target of $43.05 for GLW, closely aligned with its current trading price.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/stocks-to-watch-today-nvidia-enphase-energy-and-corning-incorporated/">Stocks to Watch Today: Nvidia, Enphase Energy, and Corning Incorporated</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Nvidia, Enphase Energy, and Corning Incorporated

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