Key Wall Street Ratings Summary: UBS raises AMD's price target to $670, Seaport maintains "Sell" rating on Nvidia.

According to Mars Finance, on Wednesday, June 24th, several Wall Street institutions released significant rating adjustments, involving companies such as Nvidia, Tesla, AMD, Reddit, and Arm. Seaport reiterated its "sell" rating on Nvidia, stating that Nvidia's on- and off-balance sheet burdens continue to increase, and Broadcom's entry into the revolving financing trend indicates that the AI industry is facing increasing financing constraints. Stifel initiated coverage of BlackBerry with a "buy" rating, stating that the market still misunderstands BlackBerry; the company is no longer just an automotive supplier, but a key software layer in the physical AI stack, and it collaborates with chip companies such as Nvidia, Qualcomm, and AMD. UBS reiterated its "buy" rating on AMD and raised its target price from $470 to $670, stating that it is more positive on AMD as discrete CPU racks begin to gain market acceptance. TD Cowen reiterated its "Buy" rating on Arm and raised its price target from $265 to $475, stating that Arm's $15 billion AGI CPU target for fiscal year 2031 is reasonable, but GPU-to-CPU pairing and single-core pricing remain key variables. RBC reiterated its "Outperform" rating on Tesla, projecting Q2 deliveries of 405,000 vehicles, higher than the Visible Alpha consensus forecast of 401,000. Needham reiterated its "Buy" rating on Reddit, noting its rare competitive position and minimal impact from the proxy AI storm. Additionally, Citizens initiated coverage on Bitdeer, CleanSpark, Keel Infrastructure, and MARA Holdings, all with "Outperform" ratings, citing these Bitcoin mining companies' efforts to repurpose existing power capacity to provide high-performance computing capabilities to hyperscale customers and large enterprises.