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Top related persons:
George Wang - 3 Wang - 2 Goldman Sachs - 2 LSEG - 1 Samik - 1 Chatterjee - 1 Ruplu Bhattacharya - 1 Wells Fargo - 1
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CY25 East UAE Saudi Arabia Sweden Japan Korea Malaysia
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Barclays - 3 JPMorgan - 2 Bank of America - 2 Micro Computer - 1 Nvidia - 1 Super - 1 DELL - 1 Computer - 1

Search resuls for: "George Wang"


3 mentions found


☆ Once-hot AI play Super Micro is getting crushed, but most analysts are staying bullish
  + stars: | 2024-05-01 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +3 min
Super Micro Computer shares are selling off at the moment, but major Wall Street firms are hopeful about the company's long-term prospects. Super Micro, one of the vendors that builds Nvidia-based servers, released quarterly results on Tuesday after market close. Super Micro also bumped up its fiscal 2024 revenue guidance above its previously estimated range and what analysts are expecting. But a revenue miss dragged shares of Super Micro 16% lower on Wednesday. On the other hand, Goldman Sachs and Wells Fargo maintained their neutral-equivalent ratings for shares of Super Micro.
Persons: LSEG, Samik, Chatterjee, Ruplu Bhattacharya, George Wang, Wang, Goldman Sachs, Wells Fargo, Wells, SMCI, Michael Ng, Ng Organizations: Micro Computer, Nvidia, Super, JPMorgan, Barclays, Bank of America, DELL Locations: CY25, East, UAE, Saudi Arabia, Sweden, Japan, Korea, Malaysia
☆ Buy this computer technology stock with more than 30% upside to play AI, Barclays says
  + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
Supermicro could be set to take advantage of artificial intelligence hype, according to Barclays. The firm initiated coverage of the information technology company on Tuesday with an overweight rating and a $327 per share price target. Analyst George Wang noted that Supermicro is in an advantageous position when it comes to the emerging artificial intelligence opportunity. The analyst noted that AI inferencing, which is the process of a trained neural network model making predictions, already made up 52% of the company's second-quarter revenue. "We model SMCI's revenue growth at 17% in FY25 after 46% growth in FY24, consistent with IDC's [International Data Corporation] forecast of a 17% CAGR [compounded annual growth rate] in 2021-2026E for AI server revenue growth," Wang said.
Persons: George Wang, Wang, — CNBC's Michael Bloom Organizations: Barclays, Computer, International Data Corporation
☆ Stocks making the biggest moves midday: Instacart, Disney, Planet Fitness, Rackspace and more
  + stars: | 2023-09-19 | by ( Pia Singh | ) www.cnbc.com   time to read: +3 min
Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Instacart — The grocery delivery stock roared out the gates as it debuted on the public market midday Tuesday, with shares popping about 12.3% and closing at $33.70. Planet Fitness — Shares of the gym franchise slid 4.2% after JPMorgan downgraded the stock to a neutral rating from overweight. The Wall Street firm also upgraded Carnival to hold from sell, sending shares nearly 0.5% higher. Raymond James earlier upgraded Rackspace to outperform from market perform and said it likes the company management's execution.
Persons: TD Cowen, Andrew Charles, George Wang, Evercore, Chris Rondeau, Lab's, Lazard, Goldman Sachs, Raymond James, — CNBC's Brian Evans, Jesse Pound, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Starbucks, Disney, Barclays, Deere, JPMorgan, Bank of America, Truist, Technology Locations: Alhambra , California, Los Angeles, China, New Zealand
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