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Investors may want to keep an eye on Marvell Technology , as it is poised for artificial intelligence success, according to Wall Street analysts. The commentary comes on the back of the chipmaker's AI event on Thursday, where it announced a new compute customer many speculate could be Microsoft. On the back of the event, Wells Fargo analyst Gary Mobley lifted 2025 revenue and earnings per share estimates to account for a quicker ramp in AI sales. While Morgan Stanley continues to view the stock as an AI winner, analyst Joseph Moore noted he still favors Nvidia. That is in part due to the "sideways" action Marvell has experienced over the past year and its elevated multiple.
Persons: MRVL, Timothy Arcuri, Arcuri, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Wells, Gary Mobley, Morgan Stanley, Joseph Moore, Marvell Organizations: Marvell Technology, Wall Street, UBS, Microsoft, Marvell, Nvidia Locations: CY28, Wells Fargo
In the last 15 months, Wall Street analysts have hailed generative AI as the most impactful innovation in decades and compared its theoretical impact to that of the internet. While the full impact of AI isn't clear yet, companies are under immense pressure to convince investors that they're not falling behind. "We can't envision any of these large cloud companies or consumer companies pulling back on AI spending anytime soon," Colello said. UBS"This is not always a harbinger of slowing revenue growth and a concentrated H200/B100 launch could be adding to near-term opex," Arcuri wrote in a recent note. AdvertisementDespite what Nvidia's recent performance suggests, Wall Street is notoriously tough to please.
Persons: , Morgan Stanley, Steve Sosnick, Wedbush's Dan Ives, who's, Marcelli, they're, Sosnick, Brian Colello, Colello, They're, we're, Vivek Arya, Arya, Michael Landsberg, Landsberg, Jason Draho, Draho, Timothy Arcuri, Arcuri Organizations: Service, Wall Street, Business, Nvidia, Interactive, Bulls, Bank of America, Wedbush Securities, UBS, UBS Global Wealth Management, Morningstar, Landsberg Bennett, Wealth Management
The chipmaker surged 16% on Thursday after posting robust earnings and guidance , contributing to the stock's 59% year-to-date run as investors feast on artificial intelligence stocks. NVDA 1Y mountain Nvidia shares over the last year Nvidia's impressive stock run brings its valuation to elevated levels. That's left some analysts questioning whether earnings upside is already priced in to shares as others wonder how long this astonishing growth cycle can last. Those worries eased after the chipmaker offered its first set of blockbuster earnings numbers, cementing its formidable AI position. NVDA 5D mountain Nvidia shares this past week "It gives me confidence that this story lasts much longer," Harvest's Meeks said.
Persons: That's, Hua Cheng, heightening, Paul Meeks, Ken Mahoney, Greg Bassuk, Nvidia's, Goldman Sachs, Hari, Bernstein's Stacy Rasgon, Jensen Huang, Harvest's Meeks, Tim Arcuri, Cheng of Mirova, Huang Organizations: Nvidia, Portfolio Management, AXS Investments, UBS Locations: Mirova, Charleston , South Carolina
That led several Wall Street banks to hike their price targets to account for the unrelenting demand. Bernstein and other Wall Street shops raced to catch up with Nvidia's share price, hiking their price targets in reaction to nonstop demand and the company's enormous total addressable market. Rasgon's new target was the equivalent of 48% upside from Wednesday's close, while the average price target according to FactSet implied more than 22% upside. Bank of America's Vivek Arya also lifted his Nvidia price target to $925 per share, equal to about 37% upside. JPMorgan analyst Harlan Sur boosted his price target to $850 to reflect strong data center growth and future product launches.
Persons: Bernstein's Stacy Rasgon, Bernstein, America's Vivek Arya, Harlan Sur, allaying, Sur, Goldman Sachs, Toshiya Hari, Morgan Stanley's Joseph Moore, Moore, Deutsche Bank's Ross Seymore, Seymore, Timothy Arcuri, Arcuri, — CNBC's Michael Bloom Organizations: Nvidia, Bank, America's, JPMorgan, Deutsche, UBS Locations: CY24
Some Wall Street analysts are bracing for a pullback in Nvidia shares after the chipmaker reports fiscal fourth quarter results after the bell Wednesday. "We reiterate Buy/top pick ahead of NVDA Feb-21 earnings but won't be surprised to see a notable but brief pullback after the recent parabolic run-up in the stock," wrote Bank of America analyst Vivek Arya in a recent note. Nvidia shares slid more than 4% during Tuesday's session, but they have surged 40% in 2024. "Hence, we see limited room for further earnings upside in 2024 relative to the sales and earnings surprise that we saw in 2023." Even if Nvidia tops estimates, some on Wall Street anticipate a post-earnings decline akin to what's occurred during previous prints.
Persons: NVDA, Vivek Arya, Frank Lee, Tom O'Malley, Morgan Stanley's Joseph Moore, haven't, Rosenblatt, Raymond James, Srini Pajjuri, O'Malley, Timothy Arcuri, Evercore ISI's Julian Emanuel, — CNBC's Michael Bloom Organizations: Nvidia, Bank of America, HSBC, Barclays, UBS
Data center capacity constraints could one day eat into Nvidia's revenue potential, according to UBS analysts. "A major factor that we believe will probably start coming into play is data center capacity — which we do think starts to hurt revenue, albeit maybe more in 2026 than in 2025," Arcuri said, in a separate report. For the fourth quarter, UBS expects Nvidia to report data center revenue of $19.45 billion, which would entail sequential growth of 34%. It also expects revenue and earnings per share, as well as data center revenue, to increase in 2025 and 2026. According to FactSet, average estimates for data center revenue are around $17.06 billion and $20.4 billion in total revenue for the fourth quarter.
Persons: Timothy Arcuri, Carlos Colorado, Arcuri Organizations: UBS, UBS —, Nvidia, Microsoft, Amazon Locations: Colorado, U.S
UBS hiked its price target on Nvidia , citing an attractive valuation and strong demand for its chips. The firm upgraded shares to overweight from neutral and upped its target price by $17 to $68, which implies 24.3% potential upside. He upgraded shares to buy from neutral and increased his price target from £17 to £21. — Pia Singh 5:47 a.m.: UBS hikes Nvidia price target UBS is getting even more bullish on Nvidia ahead of the chipmaker's fiscal fourth-quarter earnings report. Despite the price target increase, Nvidia shares were down 1% in the premarket.
Persons: Riley Securities downgrades, Jeff Lick, Children's, Lick, — Pia Singh, Piper Sandler, Trimble, Clarke Jeffries, Mark Palmer, Palmer, Andrew Baum, Baum, GSK's, Timothy Arcuri, Arcuri, NVDA, Fred Imbert Organizations: CNBC, UBS, Nvidia, Citi, GSK, Riley Securities, Children's, Investment, Block Locations: Lick, Monday's, C2H
Nearly 70 S & P 500 companies are slated to report earnings this week. Of the roughly 52 S & P 500 companies that have reported, just 69% have beaten earnings expectations, according to FactSet. What history shows: Bespoke Investment Group data shows United beats earnings expectations 70% of the time. What history shows: Bespoke data shows Netflix exceeds earnings estimates 81% of the time. What history shows: Bespoke data shows Alaska Air tops bottom-line estimate 72% of the time.
Persons: Buckle, Leslie Josephs, Max, Procter & Gamble, Robert Ottenstein, Procter, headwinds, Trian's Nelson Peltz, , Alan Gould, Jordan Novet, Tesla, TSLA, Elon Musk, Elon, Jefferies, Philippe Houchois, INTC, Timothy Arcuri Organizations: Netflix, Intel, Investors, CNBC, Monday United Airlines, Boeing, Max, Alaska Airlines, FAA, Procter &, Procter, Gamble, HBO, IBM, ISI, Alaska Air Group, Alaska Air, Nvidia, AMD, UBS Locations: Alaska, U.S, China, Europe
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
Analyst Brad Capuzzi's $8 price target is 43% above where the stock closed on Monday afternoon. "Shares have substantially outperformed this year; catalyzed by the exit of the logistics business & newfound emphasis on profitability," wrote analyst Clarke Jeffries. Bank of America's Vivek Arya lifted his price target to $1,200, or more than a 26% increase from the stock's Monday close of $950.24. Herbert upgraded Boeing to outperform from sector perform and lifted his price target to $275 from $200. "We believe we are in the early stages of a significant shift in sentiment on BA stock," analyst Ken Herbert wrote.
Persons: Jefferies, Piper Sandler, Brad Capuzzi's, Capuzzi, Lisa Kailai Han, Goldman Sachs, Keith Horowitz, Horowitz, Goldman, — Lisa Kailai Han, Clarke Jeffries, Jeffries, Bernstein, Peter Weed, Weed, UBS downgrades ChargePoint, Robert Jamieson, Jamieson, bode, Timothy Arcuri, America's Vivek Arya, Arcuri, Arya, Herbert, Ken Herbert, John Hecht, Fred Imbert Organizations: CNBC, Tuesday's, RBC, Boeing, UBS, Citi Citi, UBS downgrades, UBS doesn't, Broadcom, VMWare, Bank of America, Bank, America's, RBC Capital Markets, , Jefferies Locations: underperform, LendingClub, Goldman Sachs
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
Nvidia earnings will be in focus in the Thanksgiving-shortened week ahead, as investors consider the sustainability of the November rally heading into year-end. NVDA YTD mountain Nvidia YTD The chip giant's results will come amid a broad rally for equities this month. The S & P 500 has climbed more than 7%, and the tech-heavy Nasdaq Composite has advanced more than 9%. That stands in marked contrast to the S & P 500, which trades at a multiple of 22. Hopes for a dovish Fed Wall Street is also heading into next week after absorbing some positive news.
Persons: Timothy Arcuri, China —, Piper Sandler, Harsh Kumar, Quincy Krosby, Bill Baruch, CNBC's, That's, Bonds, Giuseppe Sette, Dow, Jeff Hirsch, , Michael Bloom Organizations: Nvidia, UBS, Dow Jones Industrial, Nasdaq, Microsoft, LPL, Dow, Blue, Investors, Chicago Fed, HP Inc, Autodesk, Devices, Lowe's, Deere, P, PMI, P Global PMI Locations: FactSet, China, Treasurys, Lombard, Michigan
The artificial intelligence-fueled arms race is only just beginning, and UBS views Broadcom as well positioned to come out a winner. Analyst Timothy Arcuri reiterated his buy rating and $925 price target on shares after the company's fiscal third-quarter results, calling the semiconductor a "prime beneficiary" of the AI fight. Broadcom shares have surged 65% this year as investors go all in on AI. Looking ahead, Arcuri expects ongoing AI revenue growth into the 2024 fiscal year to help Broadcom move past persisting end market weakness and a difficult demand environment. AI revenue is expected to surpass 25% of semis revenue in the coming year.
Persons: Timothy Arcuri, Arcuri, America's Vivek Arya, Arya, — CNBC's Michael Bloom Organizations: UBS, Broadcom, Bank, America's, Nvidia, Arya, Bank of
Wall Street sees a clear opportunity for Marvell Technology to benefit from the artificial intelligence craze. The semi stock retreated more than 4% in premarket trading despite slightly exceeding Wall Street expectations in its quarterly report delivered Thursday. Bank of America analyst Vivek Arya lowered his price target by $5 to $75 but kept his buy rating. And UBS analyst Timothy Arcuri reiterated that Marvell is a favorite AI play with a $75 price target. Moore kept his equal-weight rating while pulling his price target back by $3 to $65.
Persons: Marvell, Refinitiv, Nvidia, Piper Sandler, Harsh Kumar, Goldman Sachs, Toshiya Hari, Hari, Vivek Arya, Arya, Raymond James, Srini Pajjuri, JPMorgan's Harlan Sur, Timothy Arcuri, Morgan Stanley, Joseph Moore, Moore, Michael Bloom Organizations: Marvell Technology, Bank of America, UBS, Marvell, Nasdaq, NVIDIA Locations: qtr
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
Analyst Timothy Arcuri maintained his buy rating on the stock and raised his price target to $540 from $475. OpenAI's viral chatbot, ChatGPT — as well as other AI models from few well-financed startups — all run on Nvidia's GPUs. NVDA YTD mountain NVDA in 2023 Other firms have raised their outlook on Nvidia ahead of its earnings. Wells Fargo on Tuesday raised its price target on the chipmaker to $500, citing its status as the primary beneficiary of an AI-driven architectural data center transformation. Morgan Stanley on Monday reiterated Nvidia as a "top pick" and maintained its $500 price target, which sent the company's shares 7% higher during the day's trading session.
Persons: Timothy Arcuri, Arcuri, ChatGPT —, Wells, Morgan Stanley, — CNBC's Michael Bloom Organizations: Nvidia, UBS, Lamda Labs Locations: Nvidia's, Wells Fargo
Deutsche Bank is moving to the sidelines on Qualcomm as a slump in the smartphone market puts pressure on the company. Analyst Ross Seymore downgraded the chipmaker's stock to hold from buy and cut his price target by $10 to $120. For the fiscal third quarter quarter, the company posted $8.44 billion in adjusted revenue, while analysts polled by Refinitiv forecasted $8.5 billion. J.P. Morgan analyst Samik Chatterjee maintained his overweight rating on Qualcomm, but lowered his December 2024 price target by $11 to $148. UBS analyst Timothy Arcuri maintained his neutral rating and $130 price target on the company.
Persons: Ross Seymore, Seymore, Meta —, Morgan, Samik Chatterjee, Timothy Arcuri, — CNBC's Michael Bloom Organizations: Deutsche Bank, Qualcomm, Apple, Huawei, Refinitiv, Meta, Edge, UBS Locations: Wednesday's, IoT
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.
Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.
UBS reveals its top semiconductor picks for 2023
  + stars: | 2022-12-29 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Once high-flying semiconductor stocks suffered in 2022, but UBS is betting on these names in the new year. The chip sector suffered as demand for consumer products like PCs and smartphones dwindled, and supply constraints weighed on production. Those issues are far from over, but UBS views some stocks as better positioned to ride out the new year. "Nonetheless, we are bullish on semiconductor stocks for 2023 — expecting stock momentum to really build into CQ2 and 2H:23 before the ISM likely bottoms late in the year." The chip stock, commonly known for its PC and server chips, made history this year as it surpassed its rival Intel in market capitalization .
A new product from Advanced Micro Devices is inspiring optimism from Baird. Analyst Tristan Gerra upgraded the microchip maker's stock to outperform and raised his price target to $100 per share from $65. The new target implies upside of 38.2% from Friday's close. Interest in AMD is growing as a result of Genoa's performance, said Gerra. Arcuri set a price target of $95, which is slightly lower than Gerra's but still shows upside of 31.2%.
De aproape 20 de ani, Victor Pascal din satul Zîrneşti, raionul Cahul, își dedică timpul fierăritului. "Victor Pascal are 36 de ani. Cătălina Pascal se ocupă de promovarea afacerii.CĂTĂLINA PASCAL, SOŢIA FIERARULUI:"Am pus şi un panou publicitar, după care am văzut că mare efect nu a dat acest panou publicitar. "În luna februarie a acestui an, familia Pascal a câştigat un grant în valoare de 15 000 de euro, din partea Uniunii Europeane.CĂTĂLINA PASCAL, SOŢIA FIERARULUI:'Finanţatorii au crezut în ideea mea. Această sumă o voi utiliza spre procurarea unui utilaj modern care ne va ajuta să ieşim pe piaţă cu produse originale.
Persons: Victor Pascal, PASCAL, Cătălina Pascal, Pascal, Europeane.CĂTĂLINA PASCAL, Cantemir Organizations: Europeane.CĂTĂLINA Locations: Cahul, Zîrneşti, Vulcăneşti, Leova
Italia intenţionează să întreprindă în următoarele zile acţiuni în justiţie împotriva Pfizer, din cauza întârzierilor în livrările de doze din vaccinul său anti COVID-19, a anunţat marţi seara şeful celulei de criză pentru pandemie, Domenico Arcuri, informează AFP, potrivit Agerpres. „Protecţia sănătăţii cetăţenilor italieni nu se negociază”, a atenţionat Domenico Arcuri într-un comunicat. „Campania de vaccinare nu poate fi încetinită şi cu atât mai puţin în ceea ce priveşte administrarea dozelor de rapel pentru numeroşii italieni care au primit deja prima doză”, a adăugat el. Vineri, Pfizer şi asociatul său BioNTech au anunţat în mod inopinat că nu sunt în măsură să furnizeze cantitatea de doze la care s-au angajat, declanşând nemulţumirea unor ţări europene, deja criticate pentru încetineala cu care se desfăşoară campania de vaccinare. Cu toate acestea, potrivit lui Arcuri, Roma a fost informată de Pfizer că întârzierile de livrări se vor prelungi.
Persons: Domenico, Vineri Organizations: Agerpres Locations: Italia, justiţie, Europa, Roma
Femeia a declarat că nu a simţit nimic atunci când a fost vaccinată. Leif Hasselberg, 79 de ani, a fost prima persoană care a fost vaccinată în această ţară, relatează dpa. Rachel Grech, angajată la unitatea de boli infecţioase a spitalului Mater Dei, a fost vaccinată sub privirile premierului Robert Abela şi ale ministrului sănătăţii Chris Fearne. „Cred că acesta este suflul libertăţii”, a declarat Caputova, imediat după ce a primit vaccinul Pfizer-BioNTech. „Nu a durut”, a declarat ea, citată de agenţia de presă PAP.
Persons: Domenico, René, Portugalia Antonio Sarmento, EFE, Marta Temido, ., Leif Hasselberg, dpa ., Rachel Grech, Robert Abela, Chris Fearne, Tihon, Andrej Babis, Babis, Caputova, intervenţia, PAP Organizations: ORF, DR, Mater, Ministerului, Interne Locations: Roma, Italia, coronavirus, ţara, Europa, Germania, Berlin, Franţa, Sevran, Seine - Saint - Denis, pariziană, Paris, AP, HP, Spania, Rosario Hidalgo Sanchez, Guadalajara, Porto, vaccinată, Portugalia, Suedia Suedia, Stockholm, Göteborg, Austria, Danemarca, Malta, Bulgaria, dimineaţa, Praga, Brno, Cehia, Slovacia, Slovaciei, Polonia, Varşovia
Autorităţile italiene au aprobat miercuri planul naţional de vaccinare în masă împotriva COVID-19, a anunţat comisarul extraordinar pentru urgenţa coronavirusului, Domenico Arcuri, după o reuniune între guvernul central şi guvernatorii celor 20 de regiuni, scrie agerpres.ro. ”Campania de vaccinare va începe cu primele 1.833.975 de doze de vaccin COVID-19 distribuite de Pfizer”, a indicat aceeaşi sursă, citată de Xinhua. Dacă totul se va desfăşura conform previziunilor, primele doze le vor fi administrate cetăţenilor în Italia imediat după Crăciun, a indicat Arcuri. Reuniunea de miercuri a mai aprobat planul de distribuţie a primelor 1,8 milioane de doze între regiuni, pe baza situaţiei lor epidemiologice. Al doilea lot de 2.507.700 de doze va sosi în Italia în următoarele săptămâni, potrivit biroului comisarului.
Persons: Domenico, Xinhua, Crăciun Organizations: Uniunii Europene Locations: Italia
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