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Sacconaghi has a $195 price target on shares, suggesting 15% upside from Wednesday's close. Bernstein is optimistic that the ongoing weakness in the China market "is more cyclical than structural." Oppenheimer analyst Martin Yang lowered his forecast for the current quarter ahead of the report, accounting for softer iPhone sales trends in China. Sankar has a buy rating and a price target of $220. Malik reiterated his buy rating on the stock ahead of the announcement while notching down his price target to $210 from $220.
Persons: Tesla, Bernstein, Toni Sacconaghi, Sacconaghi, Oppenheimer, Martin Yang, Yang, Samik Chatterjee, Chatterjee, TD Cowen's Krish Sankar, Sankar, JPMorgan's Chatterjee, Atif Malik, Malik, Cowen's Sankar Organizations: Apple, Wall Street, Huawei, Counterpoint Research, JPMorgan, Citi Locations: China, India
Micron touts HBM3E as an essential component to move the needle forward on AI advancement, and so far, analysts agree. Mosesmann's buy rating and $140 per share price target represents 50% upside from Friday's close. The analyst maintains an outperform rating on Micron stock as well as a $120 per share price target, which equates to roughly 29% upside. The firm maintains a buy rating on Micron coupled with a $112 per share price target, more than 20% above the previous close. The analysts raised his price target to $150 from $95, calling for about 61% upside moving forward.
Persons: Rosenblatt, Hans Mosesmann, Mosesmann's, TD Cowen, Krish Sankar, Mehdi Hosseini, Citi's Christopher Danely, Danely Organizations: Micron Technology, Nvidia, GTC Conference, Micro, Analysts, Micron, MU, AMD
Here's what to expect from Apple's earnings results
  + stars: | 2024-02-01 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what to expect from Apple's earnings resultsKrish Sankar, Cowen analyst, joins 'Squawk on the Street' to preview Apple's quarterly earnings results, the company's global demand picture and more.
Persons: Krish Sankar, Cowen
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA Huawei 7nm chip will likely impact Apple's sales in China, says Cowen's Krish SankarKrish Sankar, Cowen analyst, joins 'Squawk on the Street' to discuss the likelihood of an end-of-year tech rally, the upside in the long run for semiconductors, and news of a seven-nanometer chip being produced by Huawei.
Persons: Cowen's Krish Sankar Krish Sankar, Cowen Organizations: Huawei Locations: China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJune quarter is typically Apple's weakest, says TD Cowen's Krish SankarTD Cowen's Krish Sankar joins 'Power Lunch' to discuss Apple earnings expectations, declining demand for Apple hardware, and more.
Persons: Krish Sankar Organizations: Apple
On Monday, Apple is expected to announce its first new major product line since the Apple Watch in 2014. During Apple's software-focused developer conference, WWDC, it could release its first mixed-reality headset, according to analyst research, media reports and increasingly, vague references from Apple itself. The headset, according to reports, will feature high-definition screens in front of the user's eyes. But since then, sales for existing VR headsets haven't been great, usage has been worse and the anticipated explosion in successful VR software companies hasn't happened. Apple's headset is expected to be more powerful than what's out there — even current $6,500 VR headsets.
Persons: what's, Apple, Wamsi Mohan, Microsoft's Hololens, Ming, Chi Kuo, Cowen, Krish Sankar, Peggy Johnson, it's Organizations: Apple, Apple Watch, Bank of America, Facebook, Meta, VR, U.S . Army, TFI Securities, CNBC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFX won't be a major headwind this quarter, says TD Cowen's Krish Sankar ahead of Apple earningsKrish Sankar, TD Cowen managing director, joins 'Power Lunch' to discuss Apple's upcoming quarterly earnings release, its media ventures, and more.
Watch CNBC's full interview with Cowen's Krish Sankar
  + stars: | 2023-02-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cowen's Krish SankarCowen analyst Krish Sankar joins 'TechCheck' to discuss his thoughts on Apple earnings and why he has an outperform rating on the stock.
The world's biggest public company is expected to report on Thursday that iPhone sales fell about 5% for the all-important holiday quarter, according to Refinitiv. The last time iPhone sales slipped was in the August-October period in 2020, months into the COVID-19 pandemic. Greater China, including Hong Kong, is key to Apple's fortunes, contributing roughly a fifth to annual revenue. FUNDAMENTALS** Revenue estimated to have fallen 2% in the last three months of 2022, Apple's first fiscal quarter. ** IPhone sales likely fell for first time since 2020, while services business rose 6%.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhen it comes to hardware, iPhone drives the needle for Apple, says Cowen's Krish SankarKrish Sankar, Cowen managing director, joins 'TechCheck' to discuss the reasoning behind his outperform rating for Apple, the risk associated with rising Covid cases as China begins to reopen and rumored new Apple product releases.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe magnitude of downside for Micron was worse than people expected, says Cowen's SankarKrish Sankar, Cowen senior research analyst, joins 'Power Lunch' to discuss why Micron's earnings results took the markets by surprise, if AMD is more exposed to headwinds than Micron and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGaming will turn chip headwinds to tailwinds in 2023, says Needham's Rajvindra GillCowen's Krish Sankar and Needham's Rajvindra Gill joins 'TechCheck' to discuss their top chip stock picks for 2023, the reasoning behind each pick and the macro economic factors adding pressure to a down cycle next year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTSMC shares soar after Berkshire buys $4.1 billion in Taiwanese chip companyKrish Sankar, Cowen senior research analyst, joins 'Squawk on the Street' to discuss Taiwan semiconductor stock activity, chip manufacturers, and supply chain diversification.
Apple's earnings received a drastically different reaction from investors than its Big Tech peers Amazon, Google, Microsoft and Facebook. Shares of Apple were up about 7% Friday morning, the day after Apple reported earnings that showed 8% annual sales growth and despite misses on estimates for iPhone and services revenue. Apple looks like a "relatively safe port in the storm," as a note Friday from Credit Suisse analyst Shannon Cross says. Sacconaghi said some of Apple's Big Tech peers also seemed to have issues controlling costs, whereas Apple remains fairly lean and profitable. "Overall, our viewpoint remains consistent that Apple remains recession resilient given its products, services and wearables businesses," wrote Piper Sandler's Harsh Kumar.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's iPhone sales numbers are still relatively healthy, says Cowen's Krish SankarCowen's Krish Sankar joins 'TechCheck' to discuss Apple's demand dynamics outside the U.S., trends in Apple's product and services revenue and investor positioning in tech.
Apple will report its fourth-quarter earnings for the quarter ended in September after the bell on Thursday. The most important new information will be any details the tech giant offers on how the iPhone 14 series is selling. Apple could also see a boost from better-than-expected sales of iPads and Macs, which have been slowed by parts shortages in recent quarters. However, "most investors are aligned that services revenue growth should accelerate" during the December quarter again, according to Morgan Stanley's Erik Woodring. However, Apple sales appear to have remained strong, according to an analysis of iPhone wait times and third-party estimates of the premium smartphone market.
"In a five- to 10-year timeframe, quantum computing will break encryption as we know it." Since its conceptual birth in the early 1980s, quantum computing has held promise for systems that could exponentially outperform today's computers. Rather than leaning on the zeroes and ones of classical computers, quantum computers emerged from quantum physics, which is the study of the fundamental building blocks of matter and energy. Those strange properties account for the technology's potentially explosive abilities; each additional qubit doubles a quantum computer's power. They are named D-Wave Systems , Rigetti Computing, IonQ , and Quantum Computing.
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