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Microchip Technology Faces 'Multiple Headwinds' Heading Into 2025, Analyst Turns Bearish
Monday, December 16, 2024 - 12:06pm | 305Read More...Microchip Technology Inc (NASDAQ:MCHP) has put the brakes on its application for US semiconductor grants worth $162 million from the Chips Act. Microchip Technology is facing multiple headwinds into 2025, which are both industry and company-related, according to Bank of America Securities. Analyst...
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Marvell Technology Posts Solid Q3 Beat: Analysts Raise Forecasts, Expect 40%-50% Earnings Growth
Wednesday, December 4, 2024 - 1:13pm | 972Read More...Shares of Marvell Technology Inc (NASDAQ:MRV) climbed in early trading on Wednesday, after the company reported upbeat earnings for the third quarter. Bank of America Securities analyst Vivek Arya maintained a Buy rating, while raising the price target from $108 to $125. Stifel analyst Tore...
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Credo Technology Analyst Double Upgrades AI Play, Raises Forecast By Almost 200%
Tuesday, December 3, 2024 - 1:30pm | 360Read More...Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares jumped almost 40% in early trading on Tuesday. The visibility into the company's growth inflection in the back half of the year improved significantly, according to BofA Securities. Analyst Vivek Arya upgraded the rating for Credo Technology...
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Texas Instruments Beats Q3 Expectations, But Analysts 'Don't Yet See The Lift-Off In Sales Growth'
Wednesday, October 23, 2024 - 11:49am | 746Read More...Shares of Texas Instruments Inc (NASDAQ:TXN) spiked in early trading on Wednesday, after the company reported its third-quarter results. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Bank of America Securities analyst Vivek Arya reiterated...
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Intel Stock Rises On Multibillion Dollar AWS Deal, US Chip Grant Boost: What Do Analysts Think?
Tuesday, September 17, 2024 - 12:01pm | 635Read More...Intel Corp (NASDAQ:INTC) shares climbed in early trading on Tuesday, after the company reported a multi-billion-dollar deal with Amazon.com Inc's (NASDAQ:AMZN) cloud unit and received a U.S. semiconductor grant. Here are some key analyst takeaways. BofA Securities On Intel Analyst Vivek Arya...
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Broadcom Analysts Highlight Long-Term Potential: 'High-Quality AI Franchise' Could Provide Upside In 2025
Friday, September 6, 2024 - 1:54pm | 808Read More...Analysts see long-term strength for Broadcom Inc (NASDAQ:AVGO) after the company reported quarterly financial results. The Broadcom Analysts: Bank of America analyst Vivek Arya reiterated a Buy rating with a $215 price target. KeyBanc analyst John Vinh maintained an Overweight rating with a $210...
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AMD's Q2 Earnings: 9 Analysts Remain Positive On Long-Term Prospects, AI Optimism Tempered By Cost Concerns
Wednesday, July 31, 2024 - 2:26pm | 1071Read More...Advanced Micro Devices, Inc. (NASDAQ:AMD) saw its shares surge in its stock price following its second-quarter earnings report, which exceeded expectations. The semiconductor giant reported earnings of $0.69 per share, surpassing the consensus estimate of $0.68, and sales of $5.835 billion, also...
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Semiconductor Stocks Historically Outperform Following 5% Selloff In A Day: Bank Of America
Thursday, July 18, 2024 - 1:48pm | 685Read More...Semiconductor stocks, tracked by the IShares Semiconductor ETF (NASDAQ:SOXX), have taken a beating this week. BofA believes the heavy selling pressure on semis sets the sector up for outperformance into the end of the year. What To Know: BofA Securities senior analyst Vivek Arya reminded investors...
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Micron Technology Analysts Remain Bullish After Management Meetings, 'AI ... Could Become An Incremental Driver'
Friday, July 12, 2024 - 12:15pm | 412Read More...Micron Technology Inc (NASDAQ:MU) shares were climbing in early trading on Friday and are up more than 60% year to date on an AI rally. Management meetings with analysts were held in Boston and New York. Here are some takeaways. BofA Securities On Micron Technology Analyst Vivek Arya maintained a...
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Nvidia Analyst: Stock Still 'Quite Inexpensive,' Expects Chipmaker To Maintain 80%-Plus Share As AI Market 'Triples' Over Coming Years
Thursday, June 20, 2024 - 2:09pm | 587Read More...Nvidia Corp (NASDAQ:NVDA) became the most valuable company in the world by market cap this week. One analyst doesn’t see any signs of a slowdown for the chipmaker, given the significance of its role in the generative artificial intelligence (AI) boom. What To Know: Thursday on CNBC’s...
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Broadcom Continues Upside To AI: 'Uniquely Positioned' To Grow, Says Analyst After Q2 Results
Thursday, June 13, 2024 - 1:22pm | 339Read More...Broadcom Inc (NASDAQ:AVGO) shares were climbing on Thursday, after the company reported upbeat results for its fiscal second quarter. The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways. BofA Securities On Broadcom Analyst Vivek Arya...
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Broadcom Q2 Earnings Preview: AI-Related Revenue In Focus, Will Partnerships With Meta, Google Shine Through In Results, Guidance?
Tuesday, June 11, 2024 - 12:04pm | 799Read More...Semiconductor company Broadcom Inc (NASDAQ:AVGO) is set to report second-quarter financial results after market close Wednesday, June 12. Here are the earnings estimates, what analysts are saying and key items to watch ahead of the report. Earnings Estimates: Analysts expect Broadcom to post second...
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Broadcom Could Report A Modest Beat For Q2, Says Bullish Analyst
Monday, June 10, 2024 - 12:41pm | 376Read More...Broadcom Inc (NASDAQ:AVGO) shares were climbing in trading on Monday, just days after JPMorgan analyst Harlan Sur named the company as the top AI semiconductor supplier behind NVIDIA Corp (NASDAQ:NVDA). The company is likely to report a modest beat when it releases its fiscal second-quarter results...
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Marvell Technology's Revenues To Recover On AI Demand; These 9 Analysts Dive Into Q1 Results
Friday, May 31, 2024 - 11:29am | 1084Read More...Shares of Marvell Technology Inc (NASDAQ:MRVL) tanked in early trading on Friday, after the company missed earnings for its fiscal first quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways. Oppenheimer analyst Rick Schafer maintained an Outperform rating...
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NVIDIA 'Marching Toward A Three-Trillion Market Cap': 11 Analysts Size Up Q1 Results As AI Leader 'Shows No Sign Of Slowing Down'
Thursday, May 23, 2024 - 3:12pm | 1251Read More...Semiconductor giant NVIDIA Corporation (NASDAQ:NVDA) reported first-quarter financial results after market close Wednesday. Analysts size up the results and the future of the company. The NVDA Analysts: Bank of America analyst Vivek Arya had a Buy rating and raised the price target from $1,100 to $...
















