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Search resuls for: "Harlan Sur"


3 mentions found


☆ JPMorgan double-downgrades Intel as chipmaker loses market share to rivals such as AMD
  + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
JPMorgan is making a complete 180-turn on Intel as the chipmaker continues to fall behind its rivals. "We believe it will be several years before Intel is able to reverse the tide to reclaim technology leadership in hopes of regaining market share." Part of that stems from current challenges with a new central processing unit, called Sapphire Rapids, that had production pushed due to security issues. He said Intel will also be pressured by weakening demand for personal technology over the next 12 to 18 months. Cloud and data needs will remain strong, but Intel will not feel the full tailwinds as it continues to lose market share, he added.
☆ JPMorgan double-downgrades Qorvo, says chipmaker could lag competitors
  + stars: | 2022-11-03 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Semiconductor maker Qorvo could struggle relative to other names in the space, JPMorgan warned Thursday. Analyst Harlan Sur downgraded the stock to underweight from overweight. He also slashed his price target on Qorvo to $90 from $125. Sur said the company will specifically struggle in the near- and mid-term due to global macro headwinds. The company also faces inventory challenges, Sur noted.
☆ Wall Street analysts’ favorite stocks for the fourth quarter include a casino name that could double
  + stars: | 2022-10-01 | by ( Fred Imbert | ) www.cnbc.com   time to read: +4 min
The fourth quarter is finally here, much to the relief of many investors who took a beating in the previous three-month period. Stocks were battered last quarter as the Federal Reserve doubled down on its aggressive monetary policy stance to fight persistently high inflation. Wall Street analysts are to here to help, recommending several stocks that could do well going forward. On top of that, 75% of analysts covering the stock rate it as a buy, FactSet data shows. Both stocks have buy ratings from nearly two-thirds of analysts covering them.
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