CNBC analysts pick Nvidia, Old Dominion, Exxon as final trades

1 min read     Updated on 09 Jun 2026, 06:56 PM
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CNBC's Halftime Report featured Nvidia, Old Dominion Freight Line, and Exxon Mobil as top picks, supported by raised price targets from Wells Fargo and Mizuho. Nvidia's AI partnerships in Asia and Old Dominion's and Exxon's analyst upgrades highlight their growth potential.

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Analysts on CNBC's Halftime Report named Nvidia Corporation, Old Dominion Freight Line, Inc, and Exxon Mobil Corporation as their final trades, highlighting recent price target adjustments and strategic developments. The selections reflect confidence in the companies' growth prospects amid market movements.

Analyst Picks and Price Targets

Joseph M. Terranova, senior managing director for Virtus Investment Partners, chose Old Dominion Freight Line as his final trade. This follows a June 5 rating update from Wells Fargo analyst Christian Wetherbee, who maintained an Equal-Weight rating and raised the price target from $205 to $235.

Jim Lebenthal, partner at Cerity Partners, selected Exxon Mobil. On May 27, Mizuho analyst Nitin Kumar upheld a Neutral rating on the stock and increased the price target from $159 to $175.

Bryn Talkington, managing partner of Requisite Capital Management, recommended Nvidia. The chipmaker is deepening its push into Asia's AI ecosystem through partnerships in South Korea, including a multi-year technology collaboration with SK Hynix to secure high-bandwidth memory (HBM) for advanced AI systems.

Stock Performance

The following table summarizes the recent price action for the highlighted stocks:

Company Ticker Exchange Price Change Closing Price
Old Dominion Freight Line ODFL NASDAQ +1.8% $247.01
Exxon Mobil XOM NYSE +1.2% $151.75
Nvidia NVDA NASDAQ +1.7% $208.64

The positive analyst sentiment and strategic initiatives underscore the companies' positions in their respective sectors.

How will Nvidia's partnerships in South Korea impact its competitive position in the global AI market?

What are the potential risks for Old Dominion Freight Line if economic growth slows?

Could Exxon Mobil's price target increase signal a broader trend in energy sector valuations?

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Warren presses Nvidia CEO to testify on China sales

1 min read     Updated on 09 Jun 2026, 09:54 AM
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Senator Elizabeth Warren criticized Nvidia CEO Jensen Huang for declining a Senate hearing invitation on China sales and export controls, citing his availability for other events. Nvidia reported a 53% drop in China revenue to $4.55 billion in Q1, while total revenue surged 85% to a record $81.6 billion.

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Senator Elizabeth Warren (D-Mass.) criticized Nvidia Corp CEO Jensen Huang for declining an invitation to testify before the Senate Banking Committee, arguing that he should prioritize answering congressional questions over other engagements. The senator sought testimony on Nvidia's operations in China and the company's views on U.S. export controls governing advanced technology sales abroad. Warren's criticism follows a letter from Huang dated June 6, in which he stated he was "unable to attend" the hearing but expressed support for the committee's focus on AI and American competitiveness.

Warren Presses for Public Testimony

Warren had invited Huang to appear at a hearing titled "AI and the American Dream: Promoting Innovation, Affordability, and American Dominance." In a statement reported by CNBC, Warren emphasized that the American people deserve answers in a public forum. On X, Warren specifically targeted Huang's schedule, suggesting that if he had time to attend a $1 million-a-head dinner at Mar-a-Lago and meet with President Xi in China, he should be able to find time to answer questions from Congress.

Nvidia Defends Stance and Invites Visit

In his response to the committee, Huang highlighted Nvidia's long-standing role in the U.S. AI ecosystem. While declining the hearing invitation, the Nvidia chief invited Warren and other committee members to visit the company's headquarters in Santa Clara, California. "I would welcome the opportunity to host you, or any member of the Committee, at NVIDIA's headquarters in Santa Clara to discuss our technology, the American AI ecosystem and how we can support U.S. leadership," Huang wrote in the letter.

China Revenue Declines Amid Record Growth

Nvidia has repeatedly warned that stringent export restrictions could undermine U.S. competitiveness and drive customers toward foreign alternatives. The company's May quarterly filing revealed that revenue from customers headquartered in China, including Hong Kong, fell to $4.55 billion in the first quarter from $9.66 billion a year earlier. Despite this decline of about 53%, the chipmaker reported record first-quarter revenue of $81.6 billion, representing an 85% increase year over year.

Financial Metric Value
Q1 China Revenue $4.55 billion
Prior Year China Revenue $9.66 billion
Total Q1 Revenue $81.6 billion
YoY Revenue Growth 85%

Nvidia shares closed Monday up 1.73% at $208.64 and slipped 0.47% to $207.65 in after-hours trading.

Could Warren's public pressure lead to a subpoena compelling Jensen Huang to testify?

Will the decline in China revenue accelerate Nvidia's push to develop alternative markets?

How might stricter U.S. export controls impact Nvidia's long-term competitiveness in the global AI market?

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