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Top related persons:
Didier Scemama - 4 ASML - 2 — CNBC's Michael Bloom - 1 ESAB - 1 Sherif El - 1 Sabbahy - 1 Julien Dumoulin - 1 Smith - 1
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Bank of America - 3 of America - 3 America's - 2 ASM International - 2 AMD - 1 Nvidia - 1 EU - 1 Analysts - 1

Search resuls for: "Didier Scemama"


6 mentions found


☆ ASML and more: BofA just got more bullish on these 3 chip stocks, says AI spending is heating up
  + stars: | 2024-02-15 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
European semiconductor equipment stocks are likely to outperform as spending on artificial intelligence chips rises over the next decade, according to Bank of America. The continent's chip stocks produce the high-tech machines needed to manufacture the latest generation of chips. ASML ASML , the dominant supplier of lithography equipment used to manufacture advanced logic and memory chips, remains Bank of America's "top pick in EU Semicaps." The bank forecasts strong demand from leading chipmakers using ASML 's extreme ultraviolet lithography machines required to produce next-generation AI accelerators and high bandwidth memory modules. The investment bank said ASM 's exposure to new transistor architectures called "gate-all-around" appears to be critical for improving AI chip performance.
Persons: Didier Scemama Organizations: Bank of America, AMD, Nvidia, EU, America's, Analysts, ASM International Bank of America, ASM International, ASM, BE Semiconductor Industries, HB, Intel, Micron Locations: Europe
☆ ASML is a top pick despite mixed third-quarter results, Bank of America says
  + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com   time to read: +1 min
Bank of America is confident in semiconductor equipment maker ASML Holding as a long-term play despite the company's mixed earnings report. The Dutch technology firm reported slightly weaker-than-expected net sales for third quarter and a net profit that was about in line with an LSEG consensus forecast. Those figures — €6.67 billion for net sales and €1.89 billion in net sales — represent quarter-over-quarter declines. Still, ASML reaffirmed its guidance for net sales to increase 30% year on year for 2023. ASML YTD mountain ASML stock.
Persons: Didier Scemama, ASML, — CNBC's Michael Bloom Organizations: of America, ASML, Bank of America Locations: Dutch, China
☆ 'Mispriced' stocks like this solar name are too attractive to ignore, Bank of America says
  + stars: | 2023-09-23 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Earlier this week, however, the bank lifted its rating to buy from neutral, saying ESAB is too attractive to ignore. "In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst," El-Sabbahy wrote. First Solar Analyst Julien Dumoulin-Smith is getting increasingly bullish on shares of the solar company. ESAB "ESAB is executing better than expected (leverage falling, margin expanding, growth outperforming) and we have a renewed appreciation of its portfolio. In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst."
Persons: ESAB, Sherif El, Sabbahy, Julien Dumoulin, Smith, BofA, FSLR, Didier Scemama, ASML, Scemama, mgmt, RMD Organizations: of America, CNBC Locations: Swedish, GLP
☆ Bank of America names 2 European chip stocks as its 'top picks' into year-end
  + stars: | 2023-09-18 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Bank of America named European chip stocks ASM International and STMicro as its "top picks" going into the end of the year. The Wall Street bank said it continues to favor ASMI with a 521 euro ($559) price target, which represents 25% upside potential from the current share price. Bank of America's $72 price target for STM points to a 62% upside potential over the next 12 months. STM ASMXF YTD line Bank of America analysts cited "resilient pricing and secular growth drivers in silicon carbide (SiC)" as reasons the stock should benefit into year-end. Bank of America cautioned that mixed signals on smartphone demand are an issue for the semiconductor sector more broadly.
Persons: Didier Scemama, Jean, Marc Chery Organizations: of America, ASM International, " Bank, America's, Bank of America, carmakers Locations: United States, Paris
☆ Bank of America is doubling down on a lesser-known chip stock — and gives it 50% upside
  + stars: | 2023-04-19 | by ( Zavier Ong | ) www.cnbc.com   time to read: +3 min
Nvidia has undoubtedly been one of the sector's biggest winners this year, but Bank of America is doubling down on a lesser-known chip stock. That's significantly higher than the average potential upside of 16.1% given by analysts covering the stock, according to FactSet data. Bank of America described the firm as a "top pick" among European auto semiconductors and said the stock remains cheaper than its peers. The bank said it believes concerns about the company's poor track record and high Apple concentration are "likely to fade over the course of the next 12-18 months" as it improves gross margins and operating margins. Apple's share of the firm's revenue is also likely to drop to around 10% by end-2024, the bank added.
☆ Tesla's plan to slash silicon carbide use sends some chipmakers' shares down
  + stars: | 2023-03-02 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +4 min
Shares in some chipmakers dipped on Thursday after electric vehicle maker Tesla said it plans to greatly reduce the use of silicon carbide transistors in its next-generation vehicle powertrains. Campbell revealed that, "In our next powertrain, the silicon carbide transistors that I mentioned, that are key component[s] but expensive, we figured out a way to use 75% less without compromising the performance or the efficiency of the car." Chips made with silicon carbide transistors are widely used in electric vehicles. They added the possibility that "cheaper [silicon carbide chips] could drive up EV adoption globally so what vendors lose on content could be partially offset by greater EV volumes." New Street does not expect a lower-priced, next generation Tesla vehicle to "ramp in volumes before 2025 or 2026."
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