Option Millionaires

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Bernstein initiated coverage of the IT hardware group, saying Apple (AAPL), Dell Technologies (DELL), Seagate (STX) and SanDisk (SNDK) are will be winners in the "intelligence revolution." All four stocks were given Outperform ratings. Bernstein sees significant long-term upside for IT hardware on the "sustainable" increase in spending as artificial intelligence expands the addressable market. The firm put Market Perform ratings on Western Digital (WDC), IBM (IBM), Super Micro (SMCI), HP Enterprise (HPE) and HP Inc. (HPQ).
Compass Point initiated coverage of Klarna (KLAR) with a Buy rating and $53 price target, which represents 24% upside. Demand for buy now play later "remains robust "and credit trends across the payment landscape are "fairly benign," the firm tells investors in a research note. Needham also started coverage of Klarna but with a Hold rating and no price target.
Raymond James initiated coverage of CoreWeave (CRWV) with an Outperform rating and $130 price target. The target and rating reflect the firm's bullish stance on the duration of scaling laws due to reasoning vector growth and broadening inference commercialization with AI 6 CapEx Street estimates that appear too low.
Deutsche Bank initiated coverage of Kingsoft Cloud (KC) with a Buy rating and $21 price target. Kingsoft Cloud, as one of the "leading" cloud service providers in China with extensive cloud infrastructure and a comprehensive suite of cloud-based services and industry-specific solutions, is set to benefit from "explosive growth" in demand for AI computing and its strategic cooperation with key shareholders Xiaomi and Kingsoft Group, the firm tells investors.
Evercore ISI initiated coverage of TransMedics (TMDX) with an Outperform rating and $155 price target. There is a misunderstanding among investors that the cost of TransMedics' services is materially higher than competitive alternatives, but the firm's analysis shows total costs are similar, despite materially better patient outcomes, the firm tells investors.