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Top related persons:
Brad Lin - 5 Raymond James - 2 bode - 2 — CNBC's Michael Bloom - 2 Lin - 2 Morgan Stanley - 1 Raymond James downgrades - 1 Steve Moss - 1
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Taiwan 2024E China U.S
Top related orgs:
Bank of America - 5 Nvidia - 4 Taiwan Semiconductor - 3 Apple - 2 AMD - 2 Broadcom - 2 CNBC - 1 HSBC - 1

Search resuls for: "Brad Lin"


7 mentions found


☆ Monday's analyst calls: Nvidia price target hike ahead of big conference, beverage giant gets an upgrade
  + stars: | 2024-03-18 | by ( Samantha Subin Fred Imbert | Samantha Subin | Fred Imbert | ) www.cnbc.com   time to read: +6 min
Early analyst calls featured one firm calling for more gains for Nvidia and an upgrade to a major beverage and snacks maker. HSBC raised its price target on Nvidia to $1,050, which implies upside of nearly 20% for the chipmaker. His price target of $190 indicates upside of 15.4% over the next 12 months. — Fred Imbert 5:43 a.m.: HSBC hikes Nvidia price target ahead of GTC Conference HSBC sees more upside in store for shares of Nvidia as the chip giant defends its AI position and reaches new markets. Given this backdrop, analyst Frank Lee boosted the firm's price target to $1,050 from $880 a share, reflecting nearly 20% upside from Friday's close.
Persons: Morgan Stanley, Raymond James downgrades, Raymond James, Steve Moss, Moss, management's, Samantha Subin, Brad Lin, Lee, bode, — Samantha Subin, Dara Mohsenian, Fred Imbert, Frank Lee Organizations: CNBC, Nvidia, HSBC, PepsiCo, York Community Bancorp, New York Community Bancorp, Bank of, Taiwan Semiconductor, AI, Bank of America, Intel, GTC Conference HSBC, GTC Conference
☆ The chip stock is getting a ton of love from Wall Street, and it's not Nvidia
  + stars: | 2023-10-20 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
A major chipmaker is getting a lot of love on Wall Street — and no, it's not Nvidia . Taiwan Semiconductor Manufacturing Company posted third-quarter results Thursday that topped analysts' expectations. While the company reported its largest profit decline since 2019, it signaled a looming end to a difficult inventory correction. The Taiwan-based semiconductor company plays an integral role in the attention-grabbing artificial intelligence chipmaking industry, supplying products to Apple , Nvidia and Advanced Micro Devices . However, now may mark an opportune time for long-term investors to get into a company poised to experience mid- to high-teens growth in 2024.
Persons: Goldman Sachs, Bruce Lu, Lu, Brad Lin, Gokul Hariharan, Hariharan, — CNBC's Michael Bloom Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Taiwan Semiconductor, Apple, Bank of America, JPMorgan Locations: 2024E, Taiwan, China, U.S
☆ Bank of America: These 6 global AI stocks are 'hidden gems' with great potential
  + stars: | 2023-10-11 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Bank of America has identified five global stocks it says are set to benefit as the use cases of artificial intelligence applications grow significantly. In an Oct. 3 note titled "End-device AI: Great potential with hidden gems awaits," the bank said customized and private AI services could soon be brought directly to users' end devices, revolutionizing smartphones, tablets, cars and more. The report named semiconductor leaders like Qualcomm , MediaTek , Nordic Semiconductor, SK Hynix and Renesas as key potential beneficiaries. Qualcomm Price target: $145 (31% upside) Bank of America said automakers are expected to use advanced end-device AI capabilities from Qualcomm's Ride platform for in-car services. MediaTek Price target: 1,100 New Taiwan dollars (40% upside) Bank of America expects the firm to add generative AI functions to its next flagship smartphone chips.
Persons: Brad Lin, MediaTek Organizations: of America, Bank of America, CES, MWC, Qualcomm, MediaTek, Nordic Semiconductor, SK Hynix, Meta, SK Hynix Price Locations: Taiwan
☆ Bank of America sees more than 30% upside ahead for this derivative play post-Nvidia earnings
  + stars: | 2023-08-25 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Another blowout quarter from artificial intelligence giant Nvidia should bode well for shares of this derivative play, according to Bank of America. Analyst Brad Lin lifted his price target on U.S.-listed shares of Taiwan Semiconductor Manufacturing to $125, representing 35% upside from Thursday's close. He cited "sustainable and strong" demand for AI products, which should meaningfully benefit the leading AI chipmaker and maker of edge nodes and advanced packaging. So far this year, shares of Taiwan Semiconductor have jumped about 23%, while Nvidia shares have more than doubled. Lin views Taiwan Semiconductor's valuation as attractive at nearly 14 times price-to-earnings and near the lower end of its historical range.
Persons: bode, Brad Lin, Lin, — CNBC's Michael Bloom Organizations: Bank of America, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor, Nvidia, AMD, Marvell, Broadcom Locations: Taiwan
☆ These are the next stocks to get an A.I. boost like Nvidia, according to Wall Street
  + stars: | 2023-05-25 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
But while the chipmaker remains the undisputed leader in the AI arms race, it's far from the only company benefiting from the frenzy overtaking Wall Street. NVDA 1D mountain Nvidia shares pop While Nvidia's results seem to reiterate its clear chip dominance, other names are gaining buzz on Wall Street and could see big gains as AI booms. Advanced Micro Devices Similar to Nvidia, Wall Street forecasts opportunities for Advanced Micro Devices in the near future. Needham also believes Taiwan Semiconductor's capabilities offer a "shortcut" for companies big and small looking to get into the competitive AI chip market. Its new delivery systems to help reduce power delivery network losses should also benefit shares in the long run.
Persons: Dan Loeb's, Raymond James, Brad Lin, Lin, Needham, Vivek Arya, CNBC's Michael Bloom Organizations: Nvidia, Wall, Devices, AMD, Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing, Bank of America, Systems, Marvell Technology, Broadcom, Apple Locations: Taiwan
☆ Bank of America says Taiwan Semiconductor can ride the generative A.I. boom, jump more than 25%
  + stars: | 2023-03-09 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Taiwan Semiconductor Manufacturing has further upside on the generative AI boom, according to Bank of America. "Taiwan Semiconductor Manufacturing Co. (TSMC) is a key beneficiary and among our 20 global AI stock picks owing to the rising and widening applications of large language models (LLMs) and generative AI, led by ChatGPT," Lin wrote. "We think the generative AI should act as one of the greatest drivers, thanks to the substantial computational requirements for running and training the AI models." The analyst said that Taiwan Semiconductor will ride the "structural uptrend" in generative AI opportunities, which will drive demand for several semiconductors. Taiwan Semiconductor shares are up 21.9% this year after falling 82% last year.
☆ Bank of America says A.I. 'is the new electricity’, names its top picks to play the breakout trend
  + stars: | 2023-02-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Just like the internet and the smartphone, artificial intelligence could dramatically alter the world we live in. And, Bank of America has some pointers for investors looking to play this burgeoning trend revolutionizing the tech industry. Given this backdrop, Bank of America highlighted 15 stocks poised to benefit from AI tailwinds in a seperate note to clients Tuesday. Along with AI frontrunners Alphabet and Microsoft , Bank of America sees Nvidia as one of the biggest AI beneficiaries. Adobe and Baidu , which plans to launch its own artificial intelligence chatbot, were also included in Bank of America's list.
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