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Top related persons:
Goldman Sachs - 2 Bruce Lu - 2 — CNBC's Michael Bloom - 2 Lu - 1 Brad Lin - 1 Gokul Hariharan - 1 Hariharan - 1 Toshiya Hari - 1
Top related locs:
2024E Taiwan China U.S Friday's
Top related orgs:
Nvidia - 2 Taiwan Semiconductor Manufacturing Company - 1 Taiwan Semiconductor - 1 Apple - 1 Bank of America - 1 JPMorgan - 1 company's Data - 1 Wall - 1

Search resuls for: "Bruce Lu"


2 mentions found


☆ The chip stock is getting a ton of love from Wall Street, and it's not Nvidia
  + stars: | 2023-10-20 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
A major chipmaker is getting a lot of love on Wall Street — and no, it's not Nvidia . Taiwan Semiconductor Manufacturing Company posted third-quarter results Thursday that topped analysts' expectations. While the company reported its largest profit decline since 2019, it signaled a looming end to a difficult inventory correction. The Taiwan-based semiconductor company plays an integral role in the attention-grabbing artificial intelligence chipmaking industry, supplying products to Apple , Nvidia and Advanced Micro Devices . However, now may mark an opportune time for long-term investors to get into a company poised to experience mid- to high-teens growth in 2024.
Persons: Goldman Sachs, Bruce Lu, Lu, Brad Lin, Gokul Hariharan, Hariharan, — CNBC's Michael Bloom Organizations: Nvidia, Taiwan Semiconductor Manufacturing Company, Taiwan Semiconductor, Apple, Bank of America, JPMorgan Locations: 2024E, Taiwan, China, U.S
☆ Goldman Sachs raises Nvidia price target, says chipmaker is entering a new growth phase
  + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
NVDA YTD mountain Nvidia shares in 2023 The new price target suggests shares could gain another 16.5% from Friday's close on top of nearly tripling this year. Key to Goldman Sachs' target increase is the stronger compute power and greater numbers of graphics processing units needed to train growing large language models. From training alone, the analyst forecasts a $13 billion base case three-year revenue opportunity and a $316 billion bull case scenario. Social media could yield one of the strongest revenue opportunities, with a base case scenario calling for $1.9 billion in revenue. Along with its target increase on Nvidia, Goldman Sachs upped its price objective on overseas shares of Taiwan Semiconductor Manufacturing .
Persons: Goldman Sachs, Toshiya Hari, Hari, Bruce Lu, — CNBC's Michael Bloom Organizations: Nvidia, company's Data, Wall, Social, Taiwan Semiconductor Manufacturing Locations: Friday's
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