DIRS.INFO The most relevant business & tech news

☆ TSMC and more: Goldman Sachs loves these Asian tech stocks, giving one 37% upside
▼ + stars: | 2024-01-12 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

"While we expect a very modest cyclical recovery as a whole, we continue to look for opportunities among individual stocks," Goldman Sachs' analysts, led by Daiki Takayama, wrote in the note, naming buy-rated names — including four conviction list stocks — to play the theme. The bank's conviction list comprises its top buy-rated stock ideas that are expected to beat the market. SK Hynix South Korean chipmaker SK Hynix was among the stocks that made Goldman's list of buy-rated names that are also on its conviction list. Goldman gave the stock a price target of 3,300 Japanese Yen ($22.78) implying upside of around 37.7%. Meanwhile, the bank has a target price of 29 Chinese yuan ($4.07) on Foxconn, giving it around 124.6% potential upside.

Persons: Goldman Sachs, Daiki Takayama, Hynix, Goldman, it's bullish, Hai, CNBC's Michael Bloom Organizations: SK Hynix South, SK Hynix South Korean chipmaker SK Hynix, Korean, Taiwan Semiconductor Manufacturing Company, Electronics, Industrial, Renesas Electronics, Apple Locations: SK Hynix South Korean, Taiwan, Shanghai

☆ Analysts reveal a $12 billion opportunity to tap the A.I. buzz, naming stocks to play it
▼ + stars: | 2023-06-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

As the use of AI grows, more and more memory is required; indeed, Morgan Stanley called memory the "foundational building blocks" of artificial intelligence. Nvidia and DRAM Nvidia has been at the center of the AI buzz, and it recently reported much better-than-expected results and a huge forecast beat driven by strong AI demand. Samsung Electronics Another top pick for both Morgan Stanley and Citi is Samsung Electronics . Morgan Stanley says Samsung is an indirect beneficiary of tighter supply driven by AI GPU and server demand. "We view our OW call as more defensible on costs, balance sheet strength and the ability to weather a severe downturn better," Morgan Stanley said.

Persons: Morgan Stanley, Henry Mallari, It's, BofA, Samsung, — CNBC's Michael Bloom Organizations: Ariel Investments, CNBC Pro, Citi, Nvidia, Microsoft, Google, Bank of America, AMD, Intel, NVIDIA, SK Hynix South, SK Hynix South Korean chipmaker SK Hynix, Korean, SK Hynix, Samsung Electronics, Samsung Locations: Korea, SK Hynix South Korean

Search resuls for: "SK Hynix South Korean chipmaker SK Hynix"

2 mentions found