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☆ This semiconductor ETF is headed for its best quarterly gain in a year. Here are the winners
▼ + stars: | 2024-03-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Semiconductor stocks are off to another hot start to the year. The VanEck Semiconductor ETF (SMH) is up 28.5% in the first three months of 2024. That puts the SMH on pace for its biggest quarterly gain since the first quarter of 2023, when it jumped 30%. The stock is up more than 30% to start 2024. Shares have skyrocketed more than 39% to start 2024, helped by strong sales in high bandwidth memory necessary in AI infrastructure.

Persons: Ken Mahoney, Nvidia, Hendi, Management's Paul Meeks, Andrew Garthwaite cautioning Organizations: VanEck Semiconductor, Asset, Taiwan Semiconductor Manufacturing, Nvidia, Qualcomm, Apple, Devices, JPMorgan, PHLX Semiconductor, Intel, Micron Technology, Micron, UBS, Universal Locations: Taiwan

☆ UBS reveals its most and least preferred semiconductor names, giving one 70% upside
▼ + stars: | 2024-03-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Semiconductor stocks got a lift from the rising tide of artificial intelligence. The divergence between semiconductor stocks that are doing well and those that aren't is becoming starker, UBS said. It's "increasingly hard to place all semiconductor stocks in one single bucket," UBS said in a March 5 note. "The performance divergence between semiconductor stocks has been strong [year-to-date] and warrants attention," it added. UBS said while one group of stocks has "significantly" outperformed — artificial intelligence-related semiconductor stocks and semiconductor capital equipment stocks (excluding China) — another group has "materially trailed" — analog and microcontroller semiconductor companies.

Persons: It's Organizations: PHLX Semiconductor, UBS Locations: China

☆ Your complete investing guide to 'AI Woodstock' next week: 3 buys ahead of the event
▼ + stars: | 2024-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia's GTC Conference, dubbed "AI Woodstock" by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its dominance in the field. The product is expected to offer a slew of "architectural innovations" and better performance than Nvidia's flagship H100 chip, wrote New Street's Pierre Ferragu. According to Wedbush's Matt Bryson, the new chip could benefit the liquid cooling industry that may fuel power-hungry data centers. "As such, we believe any system NVDA announces that includes liquid cooling technology could effectively dictate the path of liquid cooling moving forwards and thereby determining winners and losers in the server and cooling space," Bryson said.

Persons: Cantor Fitzgerald's C.J, Bank of America's Arya, Muse, Arya, Pierre Ferragu, Blackwell, Matt Bryson, Nvidia hasn't, Bryson, He's, Ferragu, Hans Mosesmann, Bernstein's Stacy Rasgon, Melius Research's Ben Reitzes Organizations: Bank of America, NVIDIA, Nvidia, Bank of America's, Blackwell, Devices, AMD, Intel, Micron, Broadcom, PHLX Semiconductor, Oracle Locations: San Jose , California

☆ Bank of America's top global strategist shares 4 signs that a bubble continues to grow in US stocks — and 4 indicators to know when to get out of the market
▼ + stars: | 2024-03-09 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Bank of AmericaIn the note, Hartnett laid out more evidence that a bubble could be developing in stocks. The current real 10-year rate is 1.6%, according to Fed data. Hartnett said a falling number of job quitters shows a weakening labor market, hence the Fed's apparent willingness to cut rates soon. February's inflation data will be released next week, but January's data showed that prices are still rising at a pesky pace of 3.1%, above the Fed's stated goal of 2%. Whether a Fed pivot is a good thing for investors depends on just how cool labor market data becomes.

Persons: —, Michael Hartnett, Hartnett, quitters, Alejandra Grindal, Ned Davis, it's, Grindal Organizations: Service, Bank of America, Business, PHLX Semiconductor, Nasdaq, Semiconductor, Apple, Microsoft, Nvidia, Tesla, Meta, Bank of America's, Bureau of Labor Statistics, Ned, Ned Davis Research

☆ Nvidia and Big Tech are still the driving forces for the market, bringing S&P 500 back to record levels
▼ + stars: | 2024-01-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Thank the "Magnificent Seven" stocks for the S & P 500 's bounce to record levels in 2024 . "It's a bet on secular growth," said Truist's Keith Lerner. "AI stocks … are going bonkers," he said. "People see a secular growth story even with all the different type of cross-currents in the economy, interest rates and markets," he said. "However, strong secular tailwinds from Gen AI could extend the rally well beyond the typical 2-year up-cycles, in our view."

Persons: Truist's Keith Lerner, It's, Adam Sarhan, Lerner, –, Ed Yardeni, Raymond James, Srini Pajjuri, Michael Bloom Organizations: Nvidia, Microsoft, Tesla, Investments, Devices, Taiwan Semiconductor Manufacturing, Semiconductor, Yardeni, SOX, stoke

☆ This chipmaker 'can be a leader' that sparks gains in other semiconductor stocks, Cramer says
▼ + stars: | 2023-09-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

Micron Technology (MU) is a stock to watch within the semiconductor industry, CNBC's Jim Cramer said Monday. Cramer's comments Monday came after Deutsche Bank analysts upgraded Micron shares to buy, from hold. Micron stock climbed modestly in Monday trading. Cramer suggested that if the conditions Deutsche Bank analysts describe are correct, "this group is a leadership group." The Club just did an in-depth report on all 11 sectors of the market, the industries within those sectors, and where the 35 stocks owned by Cramer's Trust fit in.

Persons: CNBC's Jim Cramer, Cramer, Jim Cramer's Organizations: Micron Technology, AMD, Micro Devices, Micron, Deutsche Bank, Nvidia, Broadcom, Cramer's Charitable Trust, CNBC, Club, Information Technology, Cramer's Trust

☆ Arm is trading at a premium to Nvidia after IPO pop even though it's a 'no-growth company'
▼ + stars: | 2023-09-14 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Arm's Nasdaq debut on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. The UK-based chip design company saw its stock jump 25% to $63.59 after its IPO, lifting the company's fully diluted market cap to almost $68 billion. For now, there's not a big open market for Arm's stock. Of the $4.9 billion worth of shares SoftBank sold, $735 million were purchased by a group of strategic investors including Apple , Google , Nvidia, Samsung and Intel .

Persons: Rene Haas, Jay Ritter, there's, SoftBank, Masayoshi Son, We've, CNBC's David Faber, Matt Oguz, it's, —, Oguz, Kif Leswing, SoftBank's Masayoshi, Arm's Rene Haas Organizations: Nasdaq, Wall, Nvidia, Semiconductor, U.S, University of Florida, Apple, Google, Samsung, Intel, Venture Science, AMD Locations: New York, U.S

Arm, the chip design firm that supplies core technology to companies including Apple and Nvidia , priced its initial public offering at $51 a share. Arm's fully diluted market cap, which includes outstanding restricted stock units, is over $54 billion at the $51 offer price. Arm's valuation for a chip company is exceedingly rich when compared to any player in the market other than Nvidia. At $54 billion, Arm would carry a price-to-earnings multiple of about 104, based on profit in the latest fiscal year. Correction: A prior version of this story had the incorrect IPO priceWATCH: Arm reportedly prices IPO at $52 per share

Organizations: Apple, Nvidia, Nasdaq, Semiconductor, U.S, Google, Samsung, AMD, Intel, Taiwan Semiconductor Manufacturing Company

☆ Investors may be 'overlooking' potential catalysts for this AI winner, says Bank of America
▼ + stars: | 2023-09-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Based on his price objective of $650 per share, Arya's forecast implies nearly 44% upside from Monday's closing price of $451.78. Since the beginning of 2023, Nvidia's forays into AI have vaulted its stock price over 209%. But even Nvidia has not been immune to growing investor concerns around rising U.S.-China tensions, weakening industrial activity, and the sustainability in demand for generative AI products. Over the long term, the analyst expects Nvidia's earnings potential and several catalysts will continue to drive its share price higher. He warned investors may be "overlooking" these factors, which include the company's expanding product offerings, especially those within the generative AI space.

Persons: Vivek Arya, Arya, CNBC's Michael Bloom, Samantha Subin Organizations: of America, Nvidia, Semiconductor, AMD Locations: China

☆ Cramer warns: 'There are semis that aren't hitting it out of the park,' including this stock
▼ + stars: | 2023-08-23 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

Missed quarterly results and light guidance from Analog Devices (ADI) is a reminder that it's not sunshine and rainbows across the entire chip industry, CNBC's Jim Cramer said Wednesday. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. "Remember, there are semis that aren't hitting it out of the park," Cramer said on "Squawk on the Street." Analog's industrial and automotive segments — its two largest by revenue — reported good numbers Wednesday morning, Cramer said. The main culprit for the disappointment is its consumer business, Cramer added, pointing to concerns about spending on personal electronics.

Persons: CNBC's Jim Cramer, Jim Cramer's, Cramer Organizations: Devices, PHLX Semiconductor, Nvidia, Cramer's Charitable Trust, CNBC

☆ One of Wall Street's favorite chipmakers has seen its value tumble as worker shortages and delays dent investor hype
▼ + stars: | 2023-07-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Taiwan Semiconductor is facing business snags that are weighing on its earnings and stock. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Unfortunately for TSMC — and the chip sector at large — this doesn't exactly come as a surprise. The PHLX Semiconductor Index dipped more than 3.5% Thursday, with every name in the batch closing in the red. Wall Street, for its part, expects Apple's iPhone sales to drop 4% in the fiscal year up to September, according to the Journal.

Persons: It's, TSMC —, Mark Liu, ChatGPT, TSMC Organizations: Taiwan Semiconductor, Service, Taiwan Semiconductor Manufacturing, Nvidia, Semiconductor Industry, Wall Street Journal, PHLX, Investors Locations: Taiwan, Wall, Silicon, Arizona

☆ Semi shorts down $18 billion in mark-to-market losses in 2023, S3 Partners says
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, June 1 (Reuters) - Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market losses for the year to date, including $7.2 billion in losses since last week's rally in Nvidia's stock (NVDA.O), according to financial data firm S3 Partners. The PHLX semiconductor sector index (.SOX) gained roughly 15% in May and hit an over one-year high. "The Semiconductor sectors have been an investing desert for short sellers," S3 Partners analysts wrote in the report this week. In addition, S3 cited Marvell Technology Inc (MRVL.O), Broadcom Inc (AVGO.O) and Ambarella Inc (AMBA.O) among stocks prone to a short squeeze. "We expect short covering in these stocks as short sellers look to trim their exposure and limit future mark-to-market losses if these stocks continue to rally," S3 analysts said.

Persons: Caroline Valetkevitch, Lance Tupper, Will Dunham Organizations: YORK, Partners, SOX, Semiconductor, Nvidia, Devices, Marvell Technology Inc, Broadcom Inc, Ambarella Inc, Thomson

☆ Goldman Sachs and Morgan Stanley say these chip stocks have more upside — giving one nearly 50%
▼ + stars: | 2023-04-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

CNBC Pro trawled through Wall Street research to look for semiconductor stocks that Goldman Sachs and Morgan Stanley expect will grow in value. Morgan Stanley In an April 24 note, Morgan Stanley said it expects a "headwind for most broad based companies" toward the second half of the year. Wolfspeed : Morgan Stanley said execution "will be key" as the company creates new manufacturing capacity. ON Semiconductor : Morgan Stanley said the company could have an earnings stream that is "likely more recession proof than the higher end analog names." Goldman Sachs Goldman named two buy-rated semiconductor stocks in an April 23 report: KLA Corporation and Impinj .

☆ Wall Street jumps with rosy outlooks from companies
▼ + stars: | 2023-03-29 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Micron (MU.O) shares shot up 7.2%, boosting the Nasdaq and S&P 500, and leading gains in the PHLX semiconductor index (.SOX), which closed 3.3% higher. Lululemon surges after strong reoprtThe bulk of S&P 500 companies begin reporting on the first quarter in mid-April. On Monday, regional U.S. lender First Citizens BancShares scooped up the assets of Silicon Valley Bank. Michael Barr, Fed Vice Chair for Supervision, told Congress the scope of blame for Silicon Valley Bank's failure stretches across bank executives. The S&P 500 posted 9 new 52-week highs and no new lows; the Nasdaq Composite recorded 69 new highs and 135 new lows.

☆ Wall Street gains with rosy outlooks from Micron, other companies
▼ + stars: | 2023-03-29 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Micron (MU.O) shares were up 7%, boosting the Nasdaq and S&P 500, and leading gains in the PHLX semiconductor index (.SOX), which was up 2.6%. The memory chip maker late Tuesday forecast a drop in third-quarter revenue in line with Wall Street expectations, while it gave a rosy outlook for 2025 with artificial intelligence boosting sales. Micron is sort of a microcosm of the global economy because their chips go into so many different industries and sectors. The bulk of S&P 500 companies begin reporting on the first quarter after mid-April. The S&P 500 posted 9 new 52-week highs and no new lows; the Nasdaq Composite recorded 57 new highs and 113 new lows.

☆ Bernstein's market-beating stock model loves 4 Club holdings. Here's where we stand on each
▼ + stars: | 2023-03-29 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Four Club holdings — including Meta Platforms (META) and Pioneer Natural Resources (PXD) — are among the 12 best-positioned stocks right now, investment bank Bernstein told clients Wednesday. A third characteristic shared by all 12 stock is not being a so-called "crowded trade," as measured by Bernstein's Crowding Model. Meta Platforms Bernstein's take: Meta's aggressive cost-cutting efforts are likely factored into the social media giant's stock price in full, according to the firm. Pioneer Natural Resources Bernstein's take: Pioneer has "the simplest and most reliable" operating model within the energy sector, analysts wrote. Devon Energy Bernstein's take: The firm sees Devon as the best "turnaround story" in the U.S. shale sector, noting that past performance has sometimes been "marred by shaky strategic decisions."

☆ Citi sees chip stocks hitting 'new lows.' Here are its top picks to ride out the storm
▼ + stars: | 2023-03-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Although chip stocks have broadly rebounded this year , Citi warns that they could be about to hit new lows as companies trim guidance. Given this "defensive stance," the analyst said Analog Devices remains its top pick in this environment, describing it as the "most defensive name." Citi also named a few semiconductor stocks to consider once the dark times are over. Analog Devices, Micron, ON Semi and GlobalFoundries are all buy-rated by the bank. The bank gives Analog Devices, ON Semi, and GlobalFoundries each around 22% upside potential.

☆ Activist hedge fund manager Dan Loeb takes a passive stake in AMD
▼ + stars: | 2023-03-02 | by ( ) www.cnbc.com time to read: +1 min

The hedge fund manager took the bet when AMD shares struggled, according to sources. AMD shares have underperformed the rest of the sector over the last 12 months, down more than 30% as the PHLX Semiconductor Index declined 14%. Third Point's Dan Loeb has taken a passive stake in chipmaker AMD , sources told CNBC's Scott Wapner. AMD recently reported fourth quarter earnings that exceeded Wall Street expectations, but guided for a 10% decline in year-over-year sales in the current quarter. The semiconductor sector has been grappling with lower consumer demand for finished electronics and gluts of parts needed to make PCs and servers.

☆ Nvidia Cracks Wall Street’s AI Code
▼ + stars: | 2023-02-23 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Shares of Nvidia, led by CEO Jensen Huang, rose 42% since the first of the year through Wednesday. Given all the talk about Nvidia ’s opportunity in ChatGPT’s world, the chip maker is at least highly motivated to show that it isn’t just hot air. Nvidia’s stock price soared 42% since the first of the year through Wednesday—the best performance on the PHLX Semiconductor Index, which was up by a mere 14%. And that was ahead of the company’s fiscal fourth-quarter results, which were widely expected to reflect the same weakness in PC and data center spending that has hit rivals Intel and Advanced Micro Devices .

☆ Wall Street is bullish on this chip giant, with Morgan Stanley giving it 55% upside
▼ + stars: | 2023-01-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The once-hot chip sector was hit hard in 2022, with the PHLX Semiconductor Sector Index falling around 37% over the year. And one name keeps coming up as a top pick: Taiwan Semiconductor Manufacturing Company (TSMC). But analysts overall remain positive, with 90% of those covering the stock giving it a buy rating, according to FactSet, and average price target upside of 37%. Morgan Stanley also named TSMC as a top pick in a December note, giving it a price target of $700, or upside of 55%. It explained that the semiconductor industry must continue to invest at a high level in order to achieve future growth, however "investment efficiency" has deteriorated.

☆ Chip stocks did badly this year — but this fund manager is still bullish, naming 2 to buy
▼ + stars: | 2022-12-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The PHLX Semiconductor Sector Index is down nearly 37% year to date. Producing electric vehicles, for instance, involves using a lot more semiconductors, Gleeson noted. Another semiconductor firm he likes is U.S.-based Lattice Semiconductor , which is focusing more on the autos industry. Gleeson isn't the only one who's optimistic on the chip sector. Several Wall Street pros are also urging investors to take a longer-term view on the sector , given the importance of the semiconductor chip in several key secular trends.

☆ Will 2023 be a better year for the chip sector? Wall Street pros weigh in and share their top picks
▼ + stars: | 2022-12-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

It's been a tough year for the once-booming semiconductor sector. But several Wall Street pros are urging investors to take a longer-term view on the sector, given the importance of the semiconductor chip in several key secular trends. The bank said the next leg of growth for the sector will be led by government spending on renewable energy and carbon neutrality. The bank named Analog Devices , Marvell Technology , Globalfoundries and Microchip Technology among its top stock picks in the chip sector. TSMC in the headlines One chip stock that has consistently been on investors' radars is semiconductor powerhouse Taiwan Semiconductor Manufacturing Company (TSMC).

☆ Chips Need More Bad News
▼ + stars: | 2022-12-23 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

A plant at Micron, which saw its inventory jump 26% during the most recent quarter to a record high $8.4 billion. The irony is that things may need to get worse before they get better. Micron ‘s rough fiscal first-quarter results late Wednesday added more pressure to the group that is facing its worst annual performance since the financial crisis. The PHLX Semiconductor Index slid more than 4% on Thursday and is now down 36% for the year. That follows three barnstorming years, where the index has averaged a market-trouncing gain of 51% annually.

☆ It's been a bad year for tech. But top investor Paul Meeks is betting on these bright spots
▼ + stars: | 2022-12-01 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

E-commerce Meeks is avoiding the e-commerce space altogether, citing concerns about "lackluster" online Christmas spending in the United States and the return of Covid shutdowns in China. Among the world's major e-commerce stocks, Meeks said he prefers JD.com to Alibaba and Amazon , though he suggested that "investors wait to buy any of them." Cyber stocks Cyber stocks, like nearly everything else in the broader tech sector, haven't been spared from this year's tech rout. The First Trust Nasdaq Cybersecurity ETF (CIBR) and the iShares Cybersecurity and Tech ETF (IHAK) are both down by about 22% this year, less than the Nasdaq's 30% drop. The semiconductor sector has, however, recovered slightly, with the SOX up 14.9% since the end of the third quarter.

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