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Wall Street analysts are ignoring the short-term noise and remain focused on companies that have strong fundamentals and can generate attractive returns in the long run. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Micron TechnologyThis week's first stock pick is memory chipmaker Micron Technology (MU), which impressed investors with its strong quarterly performance. Bolton noted that Micron's HBM3E memory solution generated revenue in the fiscal second quarter and has already sold out for calendar year 2024. He highlighted management's commentary about generating several hundred million dollars of revenue from HBM3E in fiscal 2024 and driving fiscal 2025 revenue to record highs.
Persons: Needham, Quinn Bolton, Bolton, TipRanks, LULU, Robert Drbul, Drbul, Christopher Rolland, Rolland Organizations: Wall Street, Micron, Micron Technology, MU, Bolton, Broadcom, Susquehanna, Symantec, VMware Locations: Santa Monica, United States, U.S
The chipmaker, at the center of the latest generative AI arms race , has seen its stock more than double this year. Robust demand for AI, which has boosted the market , should continue to benefit Nvidia as well. Oppenheimer's Rick Schafer seemed to agreed with Rolland's perspective, calling Nvidia a "best-in-class play on AI adoption." He referred to its hardware platform as a "cornerstone" of the proliferating AI market. "Gaming channel inventory has normalized and is poised for accelerated growth into 2H," Schafer wrote.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. is the catalyst behind Nividia's earnings beat, says Susquehanna's Christopher RollandChris Rolland, senior analyst at Susquehanna Financial Group, joins 'Power Lunch' to discuss Nvidia's earnings beat, A.I. as a catalyst for semis and competition in the semiconductor market.
Wall Street analysts are starting to worry about chipmaker Advanced Micro Devices following Intel's terrible earnings results . Morgan Stanley named AMD its top pick in December knowing that there would be some risk early in the year. Earnings expectations Even though Morgan Stanley expects a weak first-quarter guidance, it still has an overweight rating and $77 price target on AMD shares. Morgan Stanley models December revenue of $5.54 billion, down 0.4% on the quarter and up 14.8% on the year. "We continue to see a long runway of potential data center gains, including potential to get traction in data center GPU over time."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Susquehanna's Christopher RollandChris Rolland, Susquehanna Financial Group senior semiconductor analyst, joins 'Squawk on the Street' to break down Intel's weak fourth-quarter results, and why he has a sell rating on the stock.
This means investors need to shift their focus toward longer-term prospects instead of fixating on near-term gyrations in the market. See below for five stocks picked by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their previous performance. However, after the company posted its quarterly results, Susquehanna analyst Christopher Rolland noticed that Nvidia is "getting back on track." This prompted him to reiterate a buy rating on the stock and raise the price target to $185 from $180. (See Marvell Stock Chart on TipRanks) Looking beyond the quarter, Rolland sees several upsides to Marvell.
The stock market is closed on Thursday for Thanksgiving Day, and it's set to close at 1 p.m. on Friday. Here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. VMwareSoftware company VMware (VMW) is awaiting antitrust approval before it is acquired by Broadcom (AVGO). White ranks at the 657th position among a roster of more than 8,000 analysts on TipRanks. 956 among more than 8,000 analysts followed on TipRanks, Petusky has a success rate of 50% with his ratings.
The market's cloudy picture is yet another reason for investors to maintain a long-term perspective as they pick out stocks. To that end, here are five stocks chosen by Wall Street's top professionals, according to TipRanks, a service that ranks analysts based on their past performances. Huron Consulting GroupThe next on our list of top analysts' favorite stocks is Huron Consulting Group (HURN), an operational and financial consulting firm. KAR Auction ServicesKAR Auction Services (KAR) provides a platform to auction used cars and offers salvage auction services in North America and the United Kingdom. Moreover, Rolland also believes Cirrus to be a potential buying target for Apple, which also depends on Cirrus' IC products.
Investors need to look past short-term market developments and pick out stocks that can withstand these uncertain times. Here are five stocks picked out by the top Wall Street professionals, according to TipRanks, a platform that ranks analysts based on their track records. (See Stride Blogger Opinions & Sentiment on TipRanks) Paris holds the 207th position among around 8,000 analysts tracked on TipRanks. 302 ranking out of about 8,000 analysts on TipRanks, has a 60% ratings success rate. Going by what Needham analyst Alex Henderson has to say about Juniper, the stock is a resounding buy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChip stocks could take a 5% revenue hit, says Susquehanna's Christopher RollandChris Rolland, Susquehanna Financial Group senior semiconductor analyst, joins 'Power Lunch' to discuss derisking semiconductor investments, what sectors are in jeopardy due to limitations placed on Chinese exports, and more.
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