By Joel South
Publication Date: 2026-03-10 14:24:00
Wall Street is recalibrating its view across three very different technology names this week. Bank of America reinstated Qualcomm (NASDAQ:QCOM) at Underperform with a $145 price target, while maintaining a cautious stance on the chipmaker’s near-term outlook. Truist kept its Buy rating and $283 price target on Nvidia (NASDAQ:NVDA) ahead of the GPU Technology Conference. And BofA upgraded SolarEdge (NASDAQ:SEDG) to Neutral from Underperform, dramatically raising its price target to $40 from $17. Together, the moves reflect a bifurcated semiconductor landscape where AI infrastructure spending remains robust while legacy wireless chip demand faces structural headwinds.
|
Ticker |
Company Name |
Firm |
Old → New Rating |
New Price Target |
Implied Upside |
One-Line Takeaway |
|---|---|---|---|---|---|---|
|
NVDA |
Nvidia |
Truist |
Buy → Buy (maintained) |
$283 |
+54.9% vs. $182.73 |
GTC conference catalyst with AI infrastructure demand intact |
|
QCOM |
Qualcomm |
Bank of America |
Not Rated → Underperform |
$145 |
+5.0% vs. $138.11 |
Mature smartphone market and Apple business loss limit upside |
|
SEDG |
SolarEdge |
Bank of America |
Underperform → Neutral |
$40 |
+7.6% vs. $37.16 |
Margin recovery and market share gains reduce downside risk |
Truist’s reaffirmed Buy on Nvidia centers on the upcoming GPU Technology Conference, where the firm expects positive updates on supply, demand, and emerging technologies. The $283 price target reflects confidence that the AI infrastructure build-out still has significant…
