Rare Price Target Cut for NVDA, APP Joining the SPX

分组1 - City Group has lowered Nvidia's price target from $210 to $200 while maintaining a buy rating, reflecting a 4% reduction in Nvidia's 2026 GPU sales estimate due to Broadcom's commentary on AI chip growth in China [1][2] - Analysts have expressed concerns about Nvidia being perceived as overvalued, trading at 29 times forward earnings, although this is lower than historical levels [3][4] - The overall analyst community remains neutral to bullish on Nvidia, with 59 analysts rating it as buy or equivalent, and an average price target of around $211, implying a potential upside of approximately 26.5% [4][5] 分组2 - AppLovin, an advertising technology company, is set to join the S&P 500 on September 22, which has led to a significant price increase of 7-12% in its shares [9][10] - The inclusion in the S&P 500 is seen as a sign of maturity for AppLovin, indicating consistent profitability and a market cap that meets index requirements [12][13] - Historically, stocks included in the S&P 500 experience a short-term price increase, although long-term performance can vary, with some stocks losing momentum after inclusion [16][17]