The Club's top 10 things to watch in the stock market Wednesday

The Club's top 10 things to watch Wednesday, May 13 1. Is the reversal out of semiconductor and AI stocks already finished? Stocks like Micron and Club name Corning are coming right back this morning after one day of selling. S & P futures moved lower after April wholesale inflation data came in much hotter than expected. 2. Nvidia's Jensen Huang will be headed to China after all, joining President Donald Trump for his two-day summit in China that kicks off today. Bank of America raised its Nvidia price target to $320 from $300. Club name Nvidia reports earnings next week. 3. Qnity Electronics landed a round of price target increases after a strong beat and raise yesterday. This Club holding was one of the few AI stocks that didn't fall in yesterday's sell-off. Deutsche Bank and BMO Capital raised to $180, with BMO reiterating its top-pick designation. RBC went to a Street high $200 and kept its buy. 4. Club name Johnson & Johnson was upgraded to buy at Leerink with a price target of $265, up from $252. Will it matter in a market that only wants AI? We think it should but are lonely in that camp. Leerink likes J & J for its accelerating sales growth and raised its revenue estimates for psoriasis pill Icotyde to $10.5 billion in 2032. That's well above the $7.4 billion consensus. 5. NextPower shares are jumping almost 13% this morning after another strong quarter and backlog increase. Raised full-year revenue outlook. …