Nvidia gets a price target cut from Citi, citing lower AI chip spending from hyperscalers

The consumer price index in June was expected to increase 2.7% from a year ago, according to the Dow Jones consensus estimate.

Oil prices are likely to fall in the longer run after the initial jump following Donald Trump’s implementation of hefty tariffs, said industry watchers. 

Analyst Jeffrey Zekauskas upgraded the stock to overweight from neutral.