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☆ Are iPhone sales growing or shrinking in China? That depends on which data points you look at, says an analyst.
▼ + stars: | 2024-05-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Tim Cook said iPhone sales grew in China, despite external research showing a decline. China accounted for 18% of Apple's sales, making it a critical market for the tech giant. However, over the last quarter, independent analysts have reported a slump in overall iPhone sales in China. iPhone sales in China are a closely watched metric because greater China accounted for 18% of Apple's sales across products in the first quarter, according to the earnings results. Related storiesCook's limited remarks on China's iPhone sales raised questions on Friday's call from analysts who compared Apple's data with independent reports.

Persons: Tim Cook, —, Cook, Max, Wells, Aaron Rakers, Will Wong, Wong Organizations: Apple, Service, Counterpoint Research, International Data Corporation, IDC, Bloomberg Locations: China, Hong Kong, Taiwan

☆ Apple is about to jump into the AI race. Here's what analysts expect it to do
▼ + stars: | 2024-05-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

AAPL 1D mountain Apple shares on Friday More substantive updates on Apple's latest AI offerings in both hardware and services are expected to come during its Worldwide Developers Conference in June. According to JPMorgan's Samik Chatterjee, the focus during the event will primarily be on the AI features Apple will include in its iOS 18 software. Mohan holds a buy rating on shares and slightly increased his price target to $230 from $225. "We think Apple can deliver AI upside without the AI capex we see elsewhere," Evercore ISI analyst Amit Daryanani wrote in a Thursday note following the earnings. "Apple is accelerating investments in Generative AI and [is] set to introduce new features at its most important developer conference ever."

Persons: Apple didn't, Wall, JPMorgan's Samik Chatterjee, Wamsi Mohan, Mohan, Amit Daryanani, Morgan Stanley's Erik Woodring, Woodring, Wells Fargo's Aaron Rakers, Rakers, America's Mohan, Michael Bloom Organizations: Apple, Worldwide Developers Conference, of America, America's Locations: WWDC

☆ Apple iPhone weakness in China is overdone, says Wells Fargo analyst
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple iPhone weakness in China is overdone, says Wells Fargo analystAaron Rakers, Wells Fargo Securities managing director, joins 'Fast Money' to talk the bull case for Apple, iPhones and AI, and what's ahead for the tech company.

Persons: Wells, Aaron Rakers Organizations: Wells Fargo Securities, Apple Locations: China, Wells Fargo

☆ Apple's China sales in focus ahead of earnings
▼ + stars: | 2024-05-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +5 min

In February, Apple said it expected sales similar to last year's $94.84 billion during the same period and flat iPhone sales. In the December quarter, sales dropped 13% in Greater China, which includes Hong Kong and Taiwan. Analysts polled by FactSet expect $15.25 billion in China regional sales, which would be a 14% year-over-year decline. "In strong iPhone cycles, Apple's China revenues typically grow much faster than Apple overall, as Chinese consumers embrace the new phone," Sacconaghi wrote. Meanwhile, state statistics show iPhone sales falling 33% in February, the second consecutive month of declining shipments.

Persons: Tim Cook, Deirdre O'Brien, Apple, AAPL, Bernstein, Toni Sacconaghi, Sacconaghi, David Vogt, Aaron Rakers, There's, Morgan Stanley, Erik Woodring, Woodring Organizations: Apple, Analysts, FactSet, Huawei, Chinese Communist Party, Counterpoint Research, UBS Locations: China, Greater China, Hong Kong, Taiwan, repurchases

☆ All the big Nvidia calls after AI conference: Goldman raises target to $1,000, JPMorgan sees 'dominance'
▼ + stars: | 2024-03-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Goldman Sachs Goldman Sachs' Toshiya Hari joined a handful of analysts turning more bullish on the chipmaker following the keynote event, boosting the firm's price target to $1,000 from $875. Wells Fargo Wells Fargo analyst Aaron Rakers said Nvidia didn't shock investors with any unexpected updates, but he still raised his price target to $970 from $840. Sur retained his overweight rating and $850 price target. The analyst retained his $1,100 price target and buy rating, citing the company's ongoing leadership within the AI value chain. The analyst retained his outperform rating and $1,000 price target, calling the company's ongoing expansion beyond chips "unmatched."

Persons: Jensen, Blackwell, Hopper, Huang, Morgan Stanley, Joseph Moore, Goldman Sachs Goldman Sachs, Toshiya Hari, Hari, bode, Aaron Rakers, NVDA, Morgan Stanley Morgan Stanley's Joseph Moore, Moore, Harlan Sur, Sur, Bank of America's Vivek Arya, Bernstein, Bernstein's Stacy Rasgon, Taylor Swift Organizations: Nvidia, Wall, Blackwell, Micron Technology, JPMorgan, NVIDIA, Bank of America, Bank of America's, SAP Center Locations: 2H24, Wells Fargo Wells Fargo, San Jose

Mizuho initiated Home Depot with a buy rating, calling for roughly 10% upside. The bank upgraded shares of the industrial equipment manufacturer to a buy rating. Analyst Manav Gupta also lifted his price target to $170 from his prior target of $152. Analyst Gavin Parsons reiterated his buy rating on the stock and price target of $275. The bank initiated coverage of the home improvement stock at a buy rating, setting a price target of $415.

Persons: Mizuho, Manav Gupta, Howden, Gupta, GTLS, — Lisa Kailai Han, Gavin Parsons, Parsons, Fred Imbert, David Bellinger, Bellinger, Wells Fargo, Aaron Rakers, Goldman Sachs, Toshiya Hari, Bernstein's Stacy Rasgon, Taylor Swift, Jensen, Huang Organizations: CNBC, UBS, Boeing, Nvidia, Industries, YE2026E, Department of Energy, Alaska Airlines, Mizuho, SAP Center, Blackwell, ~$ Locations: Howden, GTLS, Mizuho, San Jose

☆ Nvidia isn't the only winner from Meta Platform's massive spending on AI chips
▼ + stars: | 2024-01-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

Meta Platforms is planning to pay Nvidia billions of dollars this year for its cutting-edge AI technology. Nvidia's stock has been off to a blistering start this year, up more than 20%, including a 3% gain Friday. Estimates on Nvidia's share of the AI training market vary, but is generally thought to be well above 80%. Still, Nvidia's stock more than tripled in 2023, leading the S & P 500, and has so far been a big winner in 2024. As Meta secures more AI chips, they will be placed in data centers where their computational capabilities will be utilized.

Persons: Mark Zuckerberg, Zuckerberg, Meta, they've, Jim Cramer, Wells, Wells Fargo, Aaron Rakers, Jim, Eaton, We've, Jim Cramer's, Facebook Mark Zuckerberg, Kenzo Tribouillard Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Taiwan Semi, Meta, Apple, Facebook, Reality Labs, Eaton Corp, CNBC, European Commission, AFP, Getty Locations: Taiwan, Wells Fargo, Brussels

Gould is more bullish than many on Wall Street, as the average price target of analysts polled by LSEG is $484.42. Analyst Harold Antor downgraded the stock to hold from buy and slashed his price target by $4 to $8. Analyst Jeffrey Stantial upgrade the sports betting stock to buy from hold and raised his price target by $5 to $45. Stantial's new price target implies shares can jump 19.9% over the next year from Thursday's close. UBS raised its rating on Texas Instruments to buy and increased its price target to $195 from $170.

Persons: Chipmakers, Wells, Bernstein, PDD, Robin Zhu, Zhu, Temu, there's, Shein, — Alex Harring, Alan Gould, Gould, Jefferies, Hertz, Harold Antor, Antor, There's, Saul Martinez, Martinez, Alex Harring, Stifel, Jeffrey Stantial, Stantial, Wells Fargo, Aaron Rakers, Mark Zuckerberg, Zuckerberg, TXN, Timothy Arcuri, FCF –, Fred Imbert Organizations: CNBC, UBS, Texas, Nvidia, Meta, PDD Holdings, Netflix, HBO, LSEG, Hertz, EV, Jefferies, HSBC, Discover, Facebook, Big Tech, Texas Instruments Locations: China, Thursday's

☆ Narrative on Nvidia will continue to be dominated by the data center business: Wells Fargo's Rakers
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNarrative on Nvidia will continue to be dominated by the data center business: Wells Fargo's RakersAaron Rakers, Wells Fargo managing director, joins 'Squawk on the Street' to discuss Nvidia's quarterly earnings results, the impact of export restrictions to China, the threat posed by other A.I. competitors, and more.

Persons: Wells Fargo's Rakers Aaron Rakers, Wells Organizations: Nvidia Locations: Wells Fargo, China

☆ Goldman, JPMorgan and others crank up Nvidia price targets in wake of latest earnings
▼ + stars: | 2023-11-22 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

Several analysts hiked their price targets for the stock to show they expect greater upside ahead after the latest financials. Below, CNBC Pro compiled a list of major investment firms that raised their price targets following the Nvidia report, along with their key conclusions: Goldman Sachs Analyst Toshiya Hari raised the price target by $20 to $625. Morgan Stanley Analyst Joseph Moore added $3 to his price target, bringing it to $603. BMO Capital Markets Like JPMorgan, BMO analyst Ambrish Srivastava hiked his target price by $50 to $650. Bernstein Analyst Stacy Rasgon increased his target price by $25 to $700, equating to 40% upside over the coming year.

Persons: Jensen Huang, chalked, Goldman Sachs, Toshiya Hari, Harlan Sur, Morgan Stanley, Joseph Moore, Aaron Rakers, Vivek Arya, Timothy Arcuri, NVDA, Ambrish Srivastava, Grace Hopper, Ruben Roy, Bernstein, Stacy Rasgon, Vijay Rakesh yanked, 2024E, INTC's, William Stein, Michael Bloom Organizations: Nvidia, CNBC Pro, Center, Foundry Service, JPMorgan, NVIDIA, " Bank of America, NVDA, UBS, BMO, Markets, AMD Locations: China, Tuesday's, CY24, CY25

☆ Here’s what major analysts thought of the new iPhone and what to do with Apple’s stock
▼ + stars: | 2023-09-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

He highlighted the enhanced photo capabilities on Pro models and called the new double tap feature the most notable upgrade to the Apple Watch. Many analysts expected hikes around $100 and $200 for the beefed up Pro and Pro Max iterations. Apple essentially delivered a $100 price hike on the Pro Max by doing away with the lower storage option. He noted that the hike on the Pro Max skewed to the low end of the Wall Street firm's expectation range. Evercore ISI's Amit Daryanani regarded the event as "mildly disappointing" for bulls hoping for a Pro price increase.

Persons: Toni Sacconaghi, Canaccord Genuity's Michael Walkley, Goldman Sachs, Michael Ng, Wells, Aaron Rakers, Pro Max, iPhones, Atif Malik, Evercore ISI's Amit Daryanani, David Vogt, Samik Chatterjee, Erik Woodring's, Morgan, Apple, Woodring, Sacconaghi, — CNBC's Michael Bloom Organizations: Apple, Apple Watch, Wall, Pro, Citi, UBS Locations: China

☆ Nvidia reported another blowout quarter, and analysts don't see that momentum waning
▼ + stars: | 2023-08-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

And it's already a popular business: the company reported $10.32 billion in data center revenue, reflecting a 171% increase from the same quarter a year ago. Roy also raised his price target for shares to $600, which reflects a 27.3% jump from Wednesday's close. If met, that price target equates to a more than 310% gain from where the stock finished 2022. Bank of America's Vivek Arya hiked his price target to $650 from $550, and Atif Malik of Citi now expects the stock to go to $630. In addition to the data center business, Goldman's Hari pointed to improving supply as a reason to be optimistic that there's still upside ahead.

Persons: Refinitiv, Ruben Roy, Roy, Wells, Aaron Rakers, Goldman Sachs, Toshiya Hari, America's Vivek Arya, Atif Malik, Goldman's Hari, BofA's Arya, Hari, Ross Seymore, he'd, NVDA, Michael Bloom Organizations: Nvidia, Bank, America's, Citi, Deutsche Bank Locations: Wells Fargo

☆ Nvidia shares little changed despite earnings beat. What the pros say to do next
▼ + stars: | 2023-08-24 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia shares little changed despite earnings beat. What the pros say to do nextJim Cramer, Vivek Arya of Bank of America Securities, Chris Caso of Wolfe Research, Aaron Rakers of Wells Fargo and Josh Brown of Ritholtz Wealth Management discussed Nvidia after the company beat both earnings and revenue estimates for the second quarter.

Persons: Jim Cramer, Vivek Arya, Chris Caso, Aaron Rakers, Wells Fargo, Josh Brown Organizations: Nvidia, Bank of America Securities, Wolfe Research, Ritholtz Wealth Management Locations: Wells

☆ We're in the early innings of software monetization for Nvidia, says Wells Fargo's Rakers
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in the early innings of software monetization for Nvidia, says Wells Fargo's RakersAaron Rakers, Wells Fargo managing director, joins 'Squawk on the Street' to discuss his thoughts on the price action for Nvidia, if Nvidia's supply can keep pace with demand, and more.

Persons: Wells Fargo's Rakers Aaron Rakers, Wells Organizations: Nvidia Locations: Wells Fargo

☆ Nvidia shares climb as analysts raise targets ahead of report
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ann Wang/File Photo Acquire Licensing RightsAug 15 (Reuters) - Shares of Nvidia (NVDA.O) rose more than 3% in hefty trading volume on Tuesday after two brokerages raised their price targets for the chipmaker, heightening already lofty expectations ahead of its quarterly earnings report next week. Over $22 billion worth of Nvidia's shares were traded as of mid-day, beating out $14 billion of trades in Tesla (TSLA.O), which is usually the Wall Street's most traded stock. Nvidia shares rose as much as 3.5% before trimming gains. Analysts on average expect Nvidia to report a 66% surge in quarterly revenue to $11.13 billion, according to Refinitiv. That compares to Nvidia's forecast for quarterly revenue of $11 billion, plus or minus 2%.

Persons: Ann Wang, They've, Dennis Dick, Timothy Arcuri, Arcuri, Morgan Stanley, Wells, Aaron Rakers, Noel Randewich, Emelia Sithole Organizations: REUTERS, Nvidia, Tesla, Triple D Trading, UBS, NVDA's, Santa, Thomson Locations: Taipei, Taiwan, Philadelphia, Wells Fargo, Santa Clara , California

☆ Analysts see more gains for Apple going forward, but some warn of mounting headwinds
▼ + stars: | 2023-08-04 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

AAPL YTD mountain Apple stock was trading lower after quarterly results. Apple doesn't provide official forward guidance and has not done so since 2020 over macroeconomic uncertainty. Morgan Stanley's Erik Woodring reiterated an overweight rating on Apple but lowered his price target to $215 from $220. Bank of America's Wamsi Mohan remained neutral on Apple, accompanied by a $210 price target that equates to roughly 10% upside. Rakers maintained an overweight rating on Apple stock with a $225 price target, or about 18% upside from Thursday.

Persons: Apple, Luca Maestri didn't, Apple doesn't, Morgan Stanley's Erik Woodring, Woodring, Morgan Stanley, America's Wamsi Mohan, Mohan, Citi's Atif Malik, Malik, Wells, Aaron Rakers, JPMorgan's Samik Chatterjee, Chatterjee, Goldman Sachs, Michael Ng, Apple's, Ng, — CNBC's Michael Bloom Organizations: Apple, America's

☆ Apple expected to post third consecutive down quarter, but its forecast is more important
▼ + stars: | 2023-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

David A. Grogan | CNBCEmerging markets and ChinaSome analysts are eager to see Apple give data points on India sales. India became one of Apple's top five iPhone markets during the quarter, according to analyst estimates. If Apple stockpiled parts and has enough to make what it needs to produce, it could help margins, analysts say. Wall Street likes to see Apple's services business grow regularly and smoothly, because the margins on services are so much higher than when Apple sells hardware. Apple suggested a 5% year-over-year increase in services, and FactSet's estimates more than $20.7 billion in revenue.

Persons: Tim Cook, Valley's Allen, David A, Cook, D.A, Davidson, Tom Forte, Piper Sandler, Harsh Kumar, Kumar, Apple, Sidney Ho, Wells, Aaron Rakers Organizations: Company, Grogan, CNBC, Apple, Google, Apple Pay, Services, Deutsche Bank, Bloomberg Locations: Sun Valley , Idaho, China, India, Hong Kong, Taiwan

☆ Analysts are getting even more bullish on Apple into its earnings report
▼ + stars: | 2023-07-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Two analysts raised their expectations for Apple shares, a week ahead of the technology giant's next earnings report. Deutsche Bank analyst Sidney Ho reiterated his buy rating on the Big Tech stock while raising his price target by $30 to $210. Wells Fargo analyst Aaron Rakers also upped his price target on Sunday, bringing his expected price per share to $225 from $210. The new price target from Rakers, who has an overweight rating on the stock, shows that he thinks shares could jump 17.2% over the next year. He said to expect an in-line revenue report and slight beat to expectations for earnings per share.

Persons: Sidney Ho, AAPL, Ho, Apple, Wall, Wells, Aaron Rakers, Rakers, Michael Bloom Organizations: Apple, Deutsche Bank, Big Tech

☆ There's still questions around demand in some markets for semiconductors: Wells Fargo's Aaron Rakers
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's still questions around demand in some markets for semiconductors: Wells Fargo's Aaron RakersAaron Rakers, Wells Fargo analyst, joins 'Closing Bell Overtime' to talk TSMC, the PC market, where the A.I. trade stands today and more.

Persons: Wells Fargo's Aaron Rakers Aaron Rakers, Wells Locations: Wells Fargo

☆ These stocks win when the U.S. dollar falls, as it's doing in July
▼ + stars: | 2023-07-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A group of stocks including Advanced Micro Devices are set to benefit now that the dollar is weakening, according to a stock screen from CNBC Pro. CNBC Pro reviewed the five biggest monthly declines in the dollar s over the past five years, using the U.S. ICE Dollar Index and FactSet data. On a median basis, the chip stock gained more than 24% during the past five largest monthly declines in the dollar. Over the past five largest monthly dollar declines, First Solar advanced more than 18% on a median basis. Nvidia also stands to gain when the dollar is weaker, having already jumped more than 11% in earlier periods of dollar weakness.

Persons: It's, Wells Fargo, Aaron Rakers, Goldman Sachs, CNBC's Michael Bloom Organizations: CNBC Pro, U.S, ICE, AMD, Nvidia, Deere & Company, General Electric Locations: FactSet

☆ Here's what analysts are saying about Apple's new Vision Pro headset
▼ + stars: | 2023-06-06 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The tech giant on Monday unveiled its Vision Pro mixed reality headset, which will retail for $3,499. Davidson downgraded Apple stock to neutral , insisting that any positive bump from the Vision Pro announcement was already priced into the stock's current trading levels. that if Apple's Vision Pro could achieve a ~25% ship share this would leave us to est. He raised his price target to $210 from $185, implying upside of about 17% from Monday's close. To be sure, he maintained Apple as a top pick and with a price target of $190.

Persons: Apple's, D.A, Davidson, Wells, Aaron Rakers, Rakers, Goldman Sachs, restating, Michael Ng, Samik Chatterjee, Chatterjee, Bernstein's Toni Sacconaghi, Sacconaghi, Morgan Stanley's Erik Woodring, — CNBC's Michael Bloom Organizations: Apple, Apple's, JPMorgan Locations: Wall, Monday's

☆ Apple results show iPhone's 'consumer staple nature' in a tough environment, Wall Street says
▼ + stars: | 2023-05-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Most Wall Street analysts like what they're seeing from Apple , viewing the iPhone maker's better-than-expected results as a sign of resilience and its continued ability to deliver even in a tough environment. Apple rose 2% in the premarket after posting earnings that beat expectations, driven by stronger-than-expected iPhone sales. Chatterjee has an overweight rating on Apple and a price target that implies upside of 14.6%. Softening demand 'casts a cloud' Despite the company's better-than-feared results, some analysts do expect volatility ahead. UBS analyst David Vogt reiterated his buy rating on the stock but said softening demand "likely casts a cloud on the stock near term."

☆ Wall Street is looking at the positive side of Samsung’s 96% profit drop, production cuts. Here's why
▼ + stars: | 2023-04-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Samsung's plan to cut memory chip production signals a potentially sooner-than-expected recovery for the broader memory chip market, according to Wall Street. Investors seemed to laud the news, sending shares of Micron Technology and Western Digital up about 8% each on Monday. Citi analyst Christopher Danely called the news a "huge positive" for the dynamic random access memory, or DRAM, industry. But while the cuts from Samsung should help ease some pricing pressures, caveats persist, with Morgan Stanley's Joseph Moore expecting a "fairly muted" upturn from the production cuts and slow margin recovery even in 2024. "Investors are much more excited than industry contacts around this, given obvious green shoots implied from production cuts," he wrote.

The firm has a price target of $65, which implies 9.6% from the stock's closing price on Tuesday. Meanwhile, JPMorgan said that it is "starting to see some light at the end of the tunnel" for Micron as inventory levels begin to improve. The firm has a price target of $75, implying 26.5% upside from Tuesday's close price. His price target of $46 implies shares falling by almost a third from their closing price on Tuesday. Micron shares have rallied more than 18% in 2023, but have tumbled 27.7% over the last 12 months.

☆ ChatGPT ignited a new A.I. craze. What it means for tech companies and who's best positioned to benefit
▼ + stars: | 2023-02-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

Since the launch of ChatGPT late last year, no one in the tech world can seem to stop talking about artificial intelligence. CEO Sundar Pichai announced Thursday that the company will launch its LaMDA language model and new AI features "very soon ." But it's not just technology companies rethinking AI. We combed through earnings transcripts available through FactSet to find out what some of the biggest tech companies are saying about the latest craze and who could benefit the most. Preparing for an 'AI arms race' in tech There's no question that Microsoft stands to gain from ChatGPT and the AI push on Wall Street.

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