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Investors who fear stubborn inflation, if not an outright rebound, got a bit of a salve on Friday morning. Wholesale prices showed no change month over month for September, coming in below expectations. The producer price index report may help offset some of the slight concerns about Thursday's consumer price index report, which was a bit hotter than expected. The details within the reports are another reason to stay calm, David Seif, chief economist for developed markets at Nomura Securities, said on " Squawk Box ." "The key thing for the Fed is their preferred measure of inflation, core PCE. And when you actually look at the components of yesterday's print and just looking over today's PPI print that go into that core PCE, it actually looks pretty good," Seif said. The personal consumpti...

Here are the biggest calls on Wall Street on Friday: Bank of America reiterates Broadcom as buy Bank of America says the that Broadcom remains a top pick at the firm following a series of investor meetings. "As expected, the meeting focused on AVGO's growing AI opportunity, around $12bn or 24% of sales in FY24, with a longer-term TAM [total addressable market] of $100-$125bn, focused largely on growing internal workloads." UBS reiterates Advanced Micro Devices as buy UBS called AMD's AI event on Thursday a "mixed bag" but says it's sticking with the stock. "AMD's AI event was, in our view, a bit of a mixed bag that doesn't likely sway the debate a whole lot in either direction." Wells Fargo upgrades Affirm to overweight from equal weight Wells called the fintech payment company a "structur...

(This is CNBC Pro's live coverage of Thursday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Goldman getting more bullish Nvidia was the call of Friday morning so far. Morgan Stanley was also positive on Elli Lilly ahead of earnings while JPMorgan Chase upgraded Ferrari and Bank of America raised its price target for Kinder Morgan. Check out the latest calls and chatter below. All times ET. 7:12 a.m. Bank of America upgrades gas pipe stock on AI demand Energy infrastructure company Kinder Morgan is an artificial intelligence beneficiary, according to Bank of America. Analyst Neel Mitra upgraded shares to buy from neutral. He also raised his price target to $27 from $23, implying nearly 14% upside potential from Thursday's close. The r...

Tesla unveils its "Cybercab" on October 10, 2024 in Burbank, California.Shares of electric vehicle maker Tesla tumbled Friday after the company's long-awaited robotaxi event — where CEO Elon Musk unveiled the firm's Cybercab self-driving concept car — failed to impress investors.Tesla stock was down 5.7% as of 5:20 a.m. ET in premarket trading on Friday.Musk revealed Tesla's Cybercab concept vehicle — a low, silver two-seater, has no steering wheels or pedals — on Thursday night. The plan is for the car to be capable of driving itself autonomously when it launches.The Tesla boss said the company hopes to be producing the Cybercab before 2027, but offered no details on where the cars will be manufactured. He said consumers would be able to buy a Tesla Cybercab for a price tag under $30,000....

The Norwegian Nobel Institute is pictured in Oslo, Norway on September 25, 2024.Jonathan Nackstrand | Afp | Getty ImagesJapanese atomic bomb survivor organization Nihon Hidankyo won the Nobel Peace Prize on Friday in recognition of the organization's efforts to achieve a world free of nuclear weapons."This grassroots movement of atomic bomb survivors from Hiroshima and Nagasaki, also known as Hibakusha, is receiving the peace prize for its efforts to achieve a world free of nuclear weapons and for demonstrating through witness testimony that nuclear weapons must never be used again," the Norwegian Nobel Committee said in a statement.The Norwegian Nobel Institute said 286 candidates were registered to be considered for this year's prize, of which 197 were individuals and 89 were organizatio...