BlockBeats News, June 24th. On Wednesday, several Wall Street institutions issued important rating adjustments involving companies such as Nvidia, Tesla, AMD, Reddit, and Arm. Among them, Seaport reiterated a "sell" rating for Nvidia, stating that Nvidia's balance sheet burden both internally and externally continues to increase, and Broadcom has also joined the trend of revolving financing, indicating that the AI industry is facing a rising financing constraint. Stifel initiated coverage of BlackBerry for the first time and gave it a "buy" rating, stating that the market still incorrectly defines BlackBerry, as the company is no longer just an automotive supplier but a key software layer in the physical AI stack, collaborating with chip companies such as Nvidia, Qualcomm, and AMD.

UBS reiterated a "buy" rating for AMD and raised the target price from $470 to $670, stating a more positive outlook for AMD as its standalone CPU architecture begins to gain market acceptance. TD Cowen reiterated a "buy" rating for Arm and raised the target price from $265 to $475, stating that Arm's $15 billion AGI CPU target for the 2031 fiscal year is reasonable, but GPU to CPU attachment rate and single-core pricing remain key variables.

RBC reiterated a "outperform" rating for Tesla, expecting Tesla's second-quarter deliveries to be 405,000 vehicles, higher than Visible Alpha's consensus expectation of 401,000 vehicles. Needham reiterated a "buy" rating for Reddit, stating that Reddit has a rare competitive position and is basically unaffected by the agentive AI storm.

In addition, Citizens initiated coverage of Bitdeer, CleanSpark, Keel Infrastructure, and MARA Holdings for the first time, all with an "outperform" rating, stating that these Bitcoin mining enterprises are converting their existing power capacity to provide high-performance computing to ultra-large-scale customers and large enterprises.