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Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ Analysts think these tech stocks could rise even as the S&P 500 hits a record high
▼ + stars: | 2024-01-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

There could still be further gains ahead for tech stocks, even as the sector boosted the S & P 500 to a new record-high closing last Friday. After kicking off the new year with a lukewarm start, the technology sector turned the ship around, largely driven by the ongoing artificial intelligence frenzy . Despite these gains, broader analyst consensus indicates that there are still tech stocks poised to go higher from here. Likewise, analysts on average think design software company Synopsys could rally another 18%. Last week, the company announced it would acquire engineering simulation software company Ansys in an approximately $35 billion deal .

Persons: Brad Zelnick, John Vinh, Trimble, —, Fred Imbert Organizations: CNBC Pro, Oracle, Deutsche Bank, Semiconductor, KeyBanc Capital Locations: Oracle's

☆ Semiconductor stocks surged in 2023. Why investors may want to brace for volatility in the new year
▼ + stars: | 2024-01-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Prepare for volatility in the semiconductor industry after an exuberant 2023 that saw prices surge and left many companies with lofty valuations. "Higher valuations in my experience lead to higher investor expectations and those higher investor expectations typically lead to higher volatility," said Michael Brenner of FBB Capital Partners . Computer chip stocks surged in 2023, largely due to enthusiasm surrounding the use of artificial intelligence and the need for advanced semiconductors. Bracing for volatility Semiconductor companies have a lot to prove in 2024 after wowing investors last year. KeyBanc Capital Markets' John Vinh said in a recent note to clients that auto industry semiconductor demand in the new year will benefit Analog Devices , NXP Semiconductors and On Semiconductor .

Persons: Michael Brenner, Capital's Paul Schatz, Sylvia Jablonski, Robert Pavlik, Brenner, FBB, Jensen Huang, Nvidia aren't, Schatz, Jablonski, Intel's, Ross Seymore, Seymore, Brenner isn't, John Vinh, bode, Vinh, Mizuho's Vijay Rakesh, — CNBC's Michael Bloom Organizations: FBB Capital Partners, iShares Semiconductor, Dakota Wealth, Nvidia, Broadcom, Micron Technology, Devices, Deutsche, Marvell Technology, Taiwan Semiconductor, Infineon, EV, KeyBanc, NXP Semiconductors, Semiconductor, Qualcomm, Lam Research

☆ Buy this newly public chipmaker that can rally more than 20%, KeyBanc says
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Investors should pick up shares of Arm as the world becomes increasingly reliant on the company's intellectual property over time, according to KeyBanc. "This will only increase the industry's reliance on Arm IP, ultimately resulting in royalty rate expansion and market share gains." Vinh expects Arm to gain market share in the data center, networking and automotive sectors to support outsized growth. Arm's market share gains will be greatest within cloud infrastructure, where it's expected to increase from 10% in 2022 to 28% by 2025, according to KeyBanc. Within the auto sector, Arm is expected to have 78% of market share by 2031.

Persons: KeyBanc, IoT, John Vinh, Vinh, Michael Bloom Organizations: ARM, Arm Holdings

☆ This could be the next major bullish catalyst for AI darling Nvidia
▼ + stars: | 2023-10-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

A new chip from Nvidia could prove the next major catalyst for the artificial intelligence darling in 2024, according to Wall Street analysts. Even so, Wall Street remains bullish on the chipmaker, with about 85% of analysts holding a buy rating on the stock, and the average price target implying 43% upside from Friday's close. While the launch of the next-generation chip known as Blackwell isn't expected until 2024, Wall Street analysts are already bracing for the debut to drive significant growth at Nvidia, which already dominates the AI market. The chip is also slated to carry a higher average selling price and better performance than Nvidia's current H100 model. Piper Sandler's Harsh Kumar called the product the "next-gen compute GPU product" for AI and high performance computing.

Persons: Jensen, Blackwell isn't, Atif Malik, Piper Sandler's Harsh Kumar, John Vinh, Vinh, — CNBC's Michael Bloom Organizations: Nvidia, Wall Street, Citi, Taiwan Semiconductor, KeyBanc Locations: CoWoS, 2H24, 4Q24

☆ KeyBanc raises Nvidia price target, sees more than 65% upside
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

A shift toward higher-priced graphics processing units could further boost shares of Nvidia , according to KeyBanc. The firm raised its price target on the semiconductor maker to $750 from $670, implying a potential upside of 67% from Monday's close. Nvidia has been the poster child for this year's artificial intelligence-fueled run, rallying more than 200% during that time. NVDA YTD mountain NVDA ytd chart "We are seeing improving demand trends in smartphones, where multiple supply chain partners are seeing rush orders, and in PCs, where 3Q PC shipments are slightly better. Although near-term supply remains tight for Nvidia, Vinh still sees moderate upside to the firm's estimates given capacity expansions and strong demand for its L40S graphics processing unit.

Persons: KeyBanc, John Vinh, Vinh, — CNBC's Michael Bloom Organizations: Nvidia Locations: Monday's, Evs, 2H24, 4Q24

☆ AI in focus: Here's what to look for when Salesforce and Broadcom report earnings
▼ + stars: | 2023-08-29 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

The earnings from Salesforce and Broadcom follow a rough patch for technology stocks that began in mid-July. .SPX AVGO,CRM 3M mountain The S & P 500's performance versus Broadcom and Salesforce over the past three months. Salesforce For the three months ended July 31, Wall Street expects Salesforce's revenue to jump more than 10% year-over-year, to $8.53 billion, according to Refinitiv. Broadcom's AI exposure currently falls into two primary buckets. While Broadcom's AI networking business is no doubt fast-growing, Vinh noted there are headwinds within other pockets of its wide-ranging semiconductor business, such as traditional enterprise networking and broadband.

Persons: Wednesday's, SPX, Scott Berg, Berg, Wells Fargo, —, Salesforce, Needham's Berg, Hock Tan, Bard chatbot, John Vinh, Bard, Vinh, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Club, Broadcom, Wall, Needham &, CNBC, Salesforce, Google, Jericho, UBS Locations: Irvine , California

☆ Nvidia is poised to pull away from peers ahead of semiconductor earnings this week, KeyBanc says
▼ + stars: | 2023-05-22 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

KeyBanc thinks its ambitious price target on Nvidia is warranted ahead of quarterly results on Wednesday. The firm reiterated a buy rating on Nvidia stock in an earnings preview note Sunday for semiconductor stocks. NVDA YTD mountain Nvidia stock. While supply constraints for graphic processing units could hinder near-term upside, Vinh says KeyBanc "anticipates investors will look through these concerns." KeyBanc forecasts Nvidia will report $6.56 billion in revenue and an adjusted 93 cents per share on Wednesday.

☆ Wall Street is looking at the positive side of Samsung’s 96% profit drop, production cuts. Here's why
▼ + stars: | 2023-04-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Samsung's plan to cut memory chip production signals a potentially sooner-than-expected recovery for the broader memory chip market, according to Wall Street. Investors seemed to laud the news, sending shares of Micron Technology and Western Digital up about 8% each on Monday. Citi analyst Christopher Danely called the news a "huge positive" for the dynamic random access memory, or DRAM, industry. But while the cuts from Samsung should help ease some pricing pressures, caveats persist, with Morgan Stanley's Joseph Moore expecting a "fairly muted" upturn from the production cuts and slow margin recovery even in 2024. "Investors are much more excited than industry contacts around this, given obvious green shoots implied from production cuts," he wrote.

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