JPM Reddit Mentions | ChartExchange

GENERAL NEWS:
* US ADP US DEC. PRIVATE EMPLOYMENT RISES 41,000; EST. +50K
MAG7:
* GOOGL - JPM says they are raising the expectations for TPU again” on “stronger demand indications,” now modeling “3.7/5.0M units in 2026/27.”
* That pushes them to “raising Broadcom’s CoWoS allocation to 230K/350k wafers in 2026/27,” and for MediaTek they “expect 18k/55k wafers in 2026/27.”
* They add there are “efforts to qualify Amkor and ASE” but “progress is slow” and they “do not anticipate meaningful TPU shipments from OSATs in 2026.”
OTHER COMPANIES:
* MU - reportedly plans to ramp HBM4 capacity to \~15k wafers/month this year, about 30% of its \~55k total HBM capacity, as NVDA Vera Rubin moves into production.
* UBS RAISES MICRON TARGET PRICE TO $400 FROM $300
* APO is backing a $5.4B Valor and xAI data center compute infrastructure transaction, providing a $3.5B capital solution using a triple net lease financing structure.
* FSLR - Jefferies downgrades to Hold from Buy, lowers PT to 260 from 269. "We are cautious on FSLR in 2026 due to limited booking visibility and emerging strategic questions. We expect the S232 tailwind to underwhelm investor expectations due to (1) potential carve-outs for Germany (and others) watering down pricing and (2) developers moving ahead of duties/FEOC (foreign entity of concern). International facilities remain a pain point while tariffs exist. Use of free cash flow is positive but likely too elongated to catalyze shares in the near term. We see limited upside from here and downgrade to Hold."
* OKLO - signed a DOE Other Transaction Agreement to design, build, and operate a radioisotope pilot plant under the DOE Reactor Pilot Program, with the facility run by its subsidiary Atomic Alchemy.
* WBD - Warner Bros. Discovery says its board unanimously rejected Paramount Skydance’s amended tender offer, saying it’s not a “Superior Proposal” versus WBD’s existing merger deal with Netflix announced Dec. 5.
* ASTS - Scotiabank downgrades to Sector underperform from perform, PT 45.6. Without yet a single retail customer and faced with the challenge of orbiting \~50 satellites to achieve continuous service in a handful of markets in late 2026 or early 2027, ASTS’s share price at $97.60/share has once again overshot to what we see as irrational levels (market cap of $37B). Evidence of slow user adoption in the U.S. and Japan, modest ARPUs, and high capex (including duplicated satellites for new frequencies) means investors may have to wait until 2028 or 2029 for tangible equity free cashas flow (EFCF) generation.
* CRWD - Cantor Fitzgerald reiterates overweight rating, PT 590. Names it a top pick. CrowdStrike’s leadership in EDR/XDR, cloud security, identity, next-gen SIEM, IT ops, data protection, and GenAI gives it one of the broadest growth vectors in cybersecurity. CrowdStrike delivered 100% detection and 100% protection with no false positives in the most recent MITRE ATT&CK Enterprise Evaluations, demonstrating best-of-breed capabilities
* CAT - BofA keeps miners over farmers with Buy rating on CATBofA’s latest farm channel check says the ag cycle is still “stuck in low gear.” Farmer sentiment softened MoM, and while the new $12B aid package helps, most of it is going to debt paydown and family expenses, not new equipment.
* REGN - BofA double upgrades to buy from underperform, raises PT to 860 from 627. "Our bullish view is driven by multiple factors: (1) our prior Underperform thesis around Eylea SD has played out in our view, as consensus estimates have come down; (2) we are more bullish on Eylea HD’s potential in light of multiple label updates, and we are now meaningfully higher versus consensus; (3) potential for further upside from Dupixent (shared with Sanofi); (4) potential upside from the pipeline in 2026, including the Phase 3 fianlimab (LAG-3) melanoma readout in 1H26; (5) potential for positive updates at a competitor conference in January; and (6) a likely favorable outcome for REGN’s MFN deal with the White House (imminent), lifting any remaining MFN overhang on the stock (with likely exemption from MFN CMMI demo projects)."
* CVX - and Quantum Energy Partners are preparing a joint bid for Lukoil’s international assets, with plans to split the portfolio across upstream, refining, and retail, according to the FT.
* AMCR - Baird upgrades to outperform from neutral, PT 10. While a combination of (1) sluggish core volumes over the past three years and (2) higher balance sheet leverage following the acquisition of Berry Global has weighed on the valuation multiple of Amcor, we believe that self-improvement dynamics are nonetheless supportive of earnings growth and cash-flow-led balance sheet deleveraging, supporting our upgrade to Outperform (from Neutral)."
* BMY - UBS upgrades to buy from neutral, raises PT to 65 from 46. We see the consensus 2028 risk as mostly priced in and instead see the risk/reward significantly skewed to the upside in 2H26, with 3–4 major catalysts that could move the stock up 25% or more versus downside of \~10% or so. The Wall Street consensus view is Bristol has a number of loss-of-exclusivity headwinds through 2028 and the business will decline post 2028, so investors would rather look elsewhere. Fair enough, but sentiment is already consensus negative and the stock trades at 9x, reflecting most of this $20–30B loss-of-exclusivity coming through 2028. Yet BMY has significant catalysts in 2026 that could change the 2028+ outlook and lots of pipeline that could grow revenues by $10–15B after 2028E if positive." DECK - baird downgrades DECK to neutral from outperform, PT 125. Despite factors supporting our positive broader views, we remain somewhat concerned that the current transition in DECK's growth story—especially the moderation in growth expectations for HOKA from stronger double-digit levels in prior years—could remain an overhang on DECK's near-term multiple, particularly if management stays conservative with respect to near-term financial guidance and/or the market remains concerned about HOKA's ability to maintain and grow market share within wholesale during calendar 2026
* ALB - Baird upgrades to outperform from neutral, raises PT to 210 from 113. "We are incrementally positive given the recent increase in lithium prices (now over $15/kg) and our view that demand strength stemming from stationary storage will continue to propel ALB higher. We are revising our estimates to reflect a more favorable energy storage outlook (both top line and EBITDA margin) for 2026+. Even after ALB's recent strength (up 24% vs. the S&P 500 up 1% in the last month), valuation appears to have more room to run, with ALB currently trading nearly eight turns lower than its 2026E peer EV/EBITDA."
* BIDU - AI chip unit Kunlunxin has picked banks for a Hong Kong IPO that could raise up to $2B, with CICC, CITIC Securities, and Huatai as lead banks, plus China Securities International involved.
* SNDK - Jeffries analyst says he’s still worried about NAND as YMTC ramps aggressively and client SSD specs are getting cut. He also says a lot of Sandisk bulls he’s talking to in Europe underestimate how much share YMTC already has and how close its tech is.
* MBLY - TO BUY ROBOT STARTUP MENTEE FOR $900M IN CASH, STOCK
* Celsius named 2026 Top Pick at Needham PT $70
* EVTL - William Blair analyst Louis DiPalma initiated coverage of Vertical Aerospace with an Outperform rating without a price target. The company is positioned to "capture significant share in the nascent but potentially large" urban air mobility market, the analyst tells investors in a research note. The firm says Vertical has "metaphorically flown under the radar" relative to peers. The company's Valo electric vertical take-off and landing aircraft supports ample luggage capacity that is critical for airport passenger transportation, contends Blair. In bullish scenarios, there could be as many as 30,000 eVTOL aircraft in service globally by 2045, it adds.
OTHER NEWS:
* NVIDIA CEO SAYS "WE WISH WE HAD MORE ENERGY'
* CNBC says Trump’s team is discussing “a range of options” to acquire Greenland and the press secretary wouldn’t rule out using the military.
* Note this is bullish for CRML
* FT reports China’s commerce ministry is reviewing Meta’s $2B purchase of AI assistant Manus for possible tech export control violations, including whether Manus moving staff and technology to Singapore required an export license.
* ARGENTINA ANNOUNCES $3B REPO WITH INTERNATIONAL BANKS

document.getElementById("jb8nMy").onerror = function(){this.style.display='none';}; .dark-mode .s84N5b{ color: white; background-color: #333333; border: 2px solid white; }.light-mode .s84N5b{ color: #333333; background-color: white; border: 2px solid #333333; }JPMJPMorgan Chase & Co.stock NYSE

JPM
JPMorgan Chase & Co.
stock NYSE