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Search resuls for: "Vivek Arya"


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☆ Bank of America sees this chipmaker rallying more than 25% as electric vehicle demand grows
  + stars: | 2023-03-08 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
On Semiconductor is a top chip stock for autos that could jump more than 25%, Bank of America said. This was in addition to news that On Semiconductor signed a long-term electric vehicle supply deal with BMW. "This win complements ON's other notable wins at Tesla, Mercedes, Jaguar Land Rover, VW, Hyundai, and Nio," Arya wrote in a Tuesday note. On Semiconductor shares are more than 26% higher in 2023, after also outperforming last year in spite of an 8% drop. "We expect ON to maintain/expand its 25-30% CY23E SiC device mkt share, while also benefitting from its leadership in image sensors for advanced driver assist systems," Arya wrote.
☆ Nvidia CEO Jensen Huang's bet big on A.I. is paying off as his core technology powers ChatGPT
  + stars: | 2023-03-07 | by ( Katie Tarasov | ) www.cnbc.com   time to read: +8 min
As the engine behind large language models (LLMs) like ChatGPT, Nvidia is finally reaping rewards for its early investment in AI. Nvidia counts on China for about one-quarter of its revenue, including sales of its popular AI chip, the A100. Nvidia Founder and CEO Jensen Huang shows CNBC's Katie Tarasov a Hopper H100 SXM module in Santa Clara, CA, on February 9, 2023. Nvidia founders Curtis Priem, Jensen Huang and Chris Malachowsky pose at the company's Santa Clara, California, headquarters in 2020. "We invented this new way of doing computer graphics, ray tracing, basically simulating the pathways of light and simulate everything with generative AI.
☆ Bank of America says A.I. 'is the new electricity’, names its top picks to play the breakout trend
  + stars: | 2023-02-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Just like the internet and the smartphone, artificial intelligence could dramatically alter the world we live in. And, Bank of America has some pointers for investors looking to play this burgeoning trend revolutionizing the tech industry. Given this backdrop, Bank of America highlighted 15 stocks poised to benefit from AI tailwinds in a seperate note to clients Tuesday. Along with AI frontrunners Alphabet and Microsoft , Bank of America sees Nvidia as one of the biggest AI beneficiaries. Adobe and Baidu , which plans to launch its own artificial intelligence chatbot, were also included in Bank of America's list.
☆ Analysts praise Nvidia's results, call A.I. opportunities the next big growth vector for the chipmaker
  + stars: | 2023-02-23 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Strong overall results from Nvidia and more artificial intelligence developments outweigh the chip stock's gaming center miss in its recent quarterly print, analysts say. The chipmaker on Wednesday posted better-than-expected quarterly results , driven by growth in its data center business that includes AI chips. CEO Jensen Huang added during a call with analysts that AI is at an "inflection point," leading businesses to purchase its chips for machine learning software. And, while the company's gaming business is unlikely to rebound to its pandemic heights, it looks "largely derisked" going forward, wrote Morgan Stanley's Joseph Moore. He added that this segment could become a steady 10% growth business for the chip maker.
☆ These four stocks won earnings season, and analysts see more gains for them
  + stars: | 2023-02-23 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
This earnings season has been rocky, at best, but some companies have stood out and are expected to see strong gains going forward. Earnings growth estimates have also grown by more than 10 percentage points since then. The stock is up more than 20% this earnings season, and analysts see the stock rising about 20% over the next 12 months, FactSet data shows. Before the earnings season, they forecast a 34% profit decline. Shares of Aptiv, which develops automotive tech, are up more than 17% since the earnings season began, and analysts see nearly 20% more upside, FactSet data shows.
☆ These are Wall Street's favorite chip stocks, including one expected to rally more than 30%
  + stars: | 2023-02-20 | by ( Fred Imbert | ) www.cnbc.com   time to read: +3 min
It might be time to look for buying opportunities in a beaten-down part of the tech sector: semiconductor stocks. Chip stocks have been under pressure from supply chain disruptions sparked by the Covid-19 pandemic. This, along with the recent push toward artificial intelligence technology, has boosted chip stocks in early 2023. The average analyst price target on the stock implies the most upside of any name on the list at 33%, FactSet data shows. He also hiked his price target on Analog Devices to $230 per share from $215.
☆ BofA's Vivek Arya raises target for Nvidia, expects it to be a winner in A.I. race
  + stars: | 2023-02-14 | 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 EmailBofA's Vivek Arya raises target for Nvidia, expects it to be a winner in A.I. raceVivek Arya, Bank of America Securities, joins 'Closing Bell' to discuss his bullish case for Nvidia.
☆ Nvidia can lead the 'A.I. arms-race,' Bank of America says
  + stars: | 2023-02-14 | by ( Alex Harring | ) www.cnbc.com   time to read: +1 min
He said the company could specifically stand to benefit from generative AI, which is focused on creating new outputs based on data already understood by the system. ChatGPT is one of the best-known examples of generative AI. "NVDA's full-stack of accelerated silicon/systems/software/developers positions it uniquely to lead the nascent generative AI arms-race among global cloud and enterprise customers," he said in a note to clients Tuesday. And generative AI should increase the total addressable market of its accelerator business to $62 billion by 2027. To be sure, Arya said generative AI is in its "requisite hype cycle," so predicting an adoption pace means making lots of assumptions.
☆ Most analysts are sticking with AMD even after 'partly cloudy' fourth-quarter earnings
  + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +4 min
AMD shares popped about 3%. On Wall Street, several analysts reiterated AMD shares as a buy despite the continued overhangs in the chipmaking industry, and project upside for the stock. Goldman Sachs also maintained a buy rating on AMD, saying that despite broader market challenges, the company is on track towards a positive market share trajectory. 'Partly cloudy' results Deutsche Bank analyst Ross Seymore reiterated a hold rating on the stock, citing its "partially cloudy" fourth-quarter results. AMD shares have benefited from January's market and tech shares rally, jumping 16.03% since the start of 2023.
☆ Wall Street is worried about chipmakers, one in particular, following the Intel disaster
  + stars: | 2023-01-30 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +4 min
Wall Street analysts are starting to worry about chipmaker Advanced Micro Devices following Intel's terrible earnings results . Morgan Stanley named AMD its top pick in December knowing that there would be some risk early in the year. Earnings expectations Even though Morgan Stanley expects a weak first-quarter guidance, it still has an overweight rating and $77 price target on AMD shares. Morgan Stanley models December revenue of $5.54 billion, down 0.4% on the quarter and up 14.8% on the year. "We continue to see a long runway of potential data center gains, including potential to get traction in data center GPU over time."
☆ Dividend stocks are beating the market — Here are Wall Street's favorite income plays for 2023
  + stars: | 2023-01-13 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
The companies are rated buy by at least 70% of the analysts covering them. Cabot, which yields 2.1%, has nearly 22% upside to the average price target. First Merchants, along with its 3.1% yield, has nearly 18% upside to its consensus price target. Of all names on the list, Broadcom has the highest dividend yield, at 3.2%. Lastly, payments company Visa has an 0.8% dividend yield and 12% upside, based on the consensus price target.
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☆ Forget next year. The tech downtrend may be in danger of leaking into 2024
  + stars: | 2022-12-22 | by ( Bob Pisani | ) www.cnbc.com   time to read: +2 min
Weak outlook, reduced estimates, significant oversupply. Looking for an imminent bottom in global tech demand is proving very elusive, at least if you look at Micron's earnings report. "These are the most challenging conditions for the memory market since the financial crisis," Chris Caso at Credit Suisse said, after he looked over Micron's numbers. "Losses mount over significant oversupply," Joseph Moore at Morgan Stanley said. "In a rapidly deteriorating memory environment driven by inventory corrections/demand weakness across nearly every end market, pricing continues to be the biggest headwind to memory profitability/earnings," Harlan Sur at JPMorgan warned.
☆ Q4 or Q1 is the bottom of the cycle for semi stocks, says Bank of America's Arya
  + stars: | 2022-12-07 | 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 EmailQ4 or Q1 is the bottom of the cycle for semi stocks, says Bank of America's AryaVivek Arya, Bank of America managing director, joins 'TechCheck' to discuss the most 'obvious trade' over the next several years, what will happen to these stocks in the next year and the implications of the recent TSMC investment in the U.S.
☆ Nvidia's results suggest its gaming business is close to a bottom, analysts say
  + stars: | 2022-11-17 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
The latest results from Nvidia suggest a gaming bottom is in sight for the battered semiconductor stock, according to analysts. The chipmaker on Wednesday posted a mixed quarter, with earnings falling slightly below analysts' expectations . Nvidia's gaming division reported a 51% decline in sales as the PC gaming market slows from pandemic-era growth and retailers grapple with a glut of inventory. Bank of America's Vivek Arya reflected similar sentiment, viewing the current period as an "inflection quarter" for the chip stock. Analysts see particular strength in the company's data center business, which saw sales rise 31% year over year.
☆ Chipmaker Intel is planning massive layoffs that are likely to affect thousands of jobs as demand dwindles and the US imposes new curbs against China: report
  + stars: | 2022-10-12 | by ( Nidhi Pandurangi | ) www.businessinsider.com   time to read: +3 min
Intel is planning major layoffs that are likely to affect thousands of jobs, per Bloomberg. The US introduced export controls which could limit the sales of semiconductors made using US technology. Staffers in Intel's sales and marketing division could see jobs cuts affecting around 20% employees, the report said. The news of layoffs follows a drop in demand for processors for personal computers, or PCs, and an industry-wide sell-off following a spate of new curbs the US has aimed at restricting technology sales to China. These curbs also affected US companies like Intel: Intel stock was down 5.4% Friday and is down around 7.9% since then.
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