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☆ Big Tech Rebounds and Preps for Transformative A.I. Investments
▼ + stars: | 2023-08-05 | by ( Tripp Mickle | More About Tripp Mickle | ) www.nytimes.com time to read: +1 min

In a call with investors on Thursday, Andy Jassy, Amazon’s chief executive, said work on generative A.I. And during recent calls with analysts, Google, Meta and Microsoft also said they would increase investments to support A.I. Generative A.I. The number of customers using Microsoft’s Azure OpenAI Service, a tool to build on the generative A.I. models developed by its partner OpenAI, has increased this year to more than 11,000, from 250.

Persons: Andy Jassy, Tim Cook, Stacy Rasgon, Bernstein, OpenAI, “ It’s, ”, Gavin Baker Organizations: Google, Meta, Microsoft, McKinsey, OpenAI, Management Locations: Boston

☆ Qualcomm tumbles after signalling more pain from smartphone slump
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/IllustrationAug 3 (Reuters) - Qualcomm (QCOM.O) tumbled nearly 9% on Thursday after a gloomy forecast signalled more pain for the largest maker of smartphone chips from the ongoing slump in the consumer electronics market. The stock has risen 19% this year, but has underperformed the broader chip industry (.SOX) on worries about smartphone demand. The company disappointed investors on Wednesday with a current-quarter revenue forecast that was below market estimates, as well as adjusted sales that missed expectations. "Huawei headwinds are new (and larger than we would have thought), and (Qualcomm) stock is admittedly un-sexy," Bernstein analyst Stacy Rasgon said. Qualcomm has a 12-month forward price-to-earnings ratio of 14.05, much lower than Nvidia's (NVDA.O) 43.94 and the industry median of 20.51.

Persons: Dado Ruvic, Piper Sandler, Piper, Bernstein, Stacy Rasgon, Aditya Soni, Anil D'Silva Organizations: Qualcomm, REUTERS, Huawei, Thomson

☆ Bernstein's Stacy Rasgon breaks down what to expect from AMD upcoming earnings report
▼ + stars: | 2023-08-01 | 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 EmailBernstein's Stacy Rasgon breaks down what to expect from AMD upcoming earnings reportStacy Rasgon, Bernstein Research, joins 'Closing Bell' to discuss AMD's shares ticking up ahead of its earnings report.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon Organizations: AMD, Bernstein Research

☆ Here's the trade on AMD ahead of earnings, according to top analysts
▼ + stars: | 2023-08-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

AMD YTD mountain AMD year to date Analysts are expecting AMD's fiscal second-quarter revenue to come in at $5.32 billion, per StreetAccount. While recent results have been disappointing , AMD has embraced the AI story as investors look for the next Nvidia , he said. It has a hold rating and $110 price target, implying nearly 4% downside from Monday's close. Its $138 price target suggests nearly 21% upside ahead. TD Cowen is also bullish, maintaining its outperform rating and raising its price target to $135 from $115.

Persons: Lisa Su, Bernstein, Stacy Rasgon, Rasgon, Morgan Stanley, Joseph Moore, Cowen, Michael Bloom Organizations: AMD, Global, IDC, Nvidia, Deutsche Bank

☆ There could be an upside for Intel in the back half of the year, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-07-27 | 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 EmailThere could be an upside for Intel in the back half of the year, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein's senior semiconductor analyst, joins 'Closing Bell' to discuss what to expect from Intel's quarterly earnings results, competitors in Intel's field, and what needs to happen to modify Intel's rating to buy.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon Organizations: Intel

☆ Bernstein's Stacy Rasgon breaks down the second-half playbook for chip stocks
▼ + stars: | 2023-07-06 | 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 EmailBernstein's Stacy Rasgon breaks down the second-half playbook for chip stocksStacy Rasgon, Bernstein senior semis analyst, joins 'Squawk on the Street' to discuss competition in the semiconductor market, export controls on Chinese semiconductors, and the strength of semiconductor demand.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon, Bernstein

☆ Intel's near-term fundamentals look as bad as they can get, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-06-22 | 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 EmailIntel's near-term fundamentals look as bad as they can get, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein's senior semiconductor analyst, joins 'The Exchange' to discuss finding the bottom of Intel's stock, Intel's cost saving efforts, and competition in the semiconductor space.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon

☆ Here's why Bernstein's Stacy Rasgon thinks Intel stock may be bottoming
▼ + stars: | 2023-06-22 | 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 EmailHere's why Bernstein's Stacy Rasgon thinks Intel stock may be bottomingStacy Rasgon, Bernstein's senior semiconductor analyst, joins 'The Exchange' to discuss finding the bottom of Intel stock, Intel's cost-saving efforts, and competition in the semiconductor space.

Persons: Bernstein's Stacy Rasgon, Stacy Rasgon Organizations: Intel

☆ Bernstein says Nvidia is still the best A.I. trade, but there's a close second, too
▼ + stars: | 2023-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

No one has been able to dethrone Nvidia as the top play in generative artificial intelligence, according to Bernstein. Analyst Stacy Rasgon said chipmaker Nvidia is still the best pick for investing around generative AI. "If you really want to invest in generative AI, NVDA remains your best option," Rasgon said in a Tuesday note to clients. A deal with VMWare could also drive further upside, Rasgon said. NVDA AVGO,AMD YTD mountain Nvidia, Broadcom and Advanced Micro Devices — CNBC's Michael Bloom contributed to this report.

Persons: Bernstein, Stacy Rasgon, Rasgon, AVGO, he's, NVDA, Michael Bloom Organizations: Nvidia, Broadcom, VMWare, AMD

☆ AMD is late to the A.I. race, analyst says
▼ + stars: | 2023-06-14 | 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 EmailAMD is late to the A.I. race, analyst saysStacy Rasgon, managing director and senior analyst at Bernstein Research, says "AMD is probably the best alternative to Nvidia, but even within that context … AMD is late."

Persons: Stacy Rasgon Organizations: AMD, Bernstein Research, Nvidia

☆ AMD is 'very early' in its A.I. journey, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-06-13 | 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 EmailAMD is 'very early' in its A.I. journey, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research, joins 'Closing Bell' to discuss AMD shares moving lower after it reveals new graphics chip it hopes will rival Nvidia's A.I.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Nvidia's Organizations: AMD, Bernstein Research

☆ Bernstein's Rasgon: I am surprised Nvidia stock isn't up more
▼ + stars: | 2023-06-09 | 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 EmailBernstein's Rasgon: I am surprised Nvidia stock isn't up moreStacy Rasgon, Bernstein senior research analyst, joins 'Squawk on the Street' to discuss the large gap between Nvidia's stock price and the A.I. sector's performance, if the company's guidance is durable.

Persons: Stacy Rasgon, Bernstein Organizations: Nvidia

☆ This is just the beginning of Nvidia's long-term upside, says Bernstein's Stacy Rasgon
▼ + stars: | 2023-05-30 | 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 EmailThis is just the beginning of Nvidia's long-term upside, says Bernstein's Stacy RasgonBryn Talkington, Requisite Capital Management managing partner, and Stacy Rasgon, Bernstein senior research analyst, join 'Closing Bell' to discuss Nvidia as the company crossed the $1 trillion mark today.

Persons: Bernstein's Stacy Rasgon Bryn Talkington, Stacy Rasgon, Bernstein Organizations: Capital Management, Nvidia

Nvidia now trades at around 45 times Wall Street's average earnings estimates for the next 12 months - a popular measure known as the forward price/earnings (P/E) ratio. While investors rushed to buy Nvidia's stock in recent sessions, its P/E multiple has fallen simply because Wall Street's earnings expectations for the company rose even faster than its share price. During Tuesday's session, Nvidia became the first chipmaker to boast a $1 trillion valuation. AI was mentioned 86 times on Nvidia's conference call, beating out 52 mentions on Alphabet's (GOOGL.O) call and 35 mentions on Microsoft's (MSFT.O) call. Reporting By Sinéad Carew, Noel Randewich and markets team reporters; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Nvidia Corp's, Jensen Huang, Bernstein, Stacy Rasgon, Susannah Streeter, Hargreaves Lansdown, Streeter, Sinéad Carew, Noel Randewich, David Gregorio Our Organizations: FRANCISCO, Nvidia, Hargreaves, Devices, Meta, Thomson Locations: Refinitiv, Alphabet's, Microsoft's

☆ The computing aspect of A.I. is dominated by Nvidia, says Altimeter Capital CEO Brad Gerstner
▼ + stars: | 2023-05-25 | 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 EmailThe computing aspect of A.I. is dominated by Nvidia, says Altimeter Capital CEO Brad GerstnerBrad Gerstner, Altimeter Capital founder and CEO, and Stacy Rasgon, Bernstein senior analyst, join 'Halftime Report' to discuss Nvidia earnings report, the stock's current price surge, and the growing market for A.I. tools and technologies.

Persons: Brad Gerstner Brad Gerstner, Stacy Rasgon, Bernstein Organizations: Nvidia

☆ AMD's lackluster forecast sparks selloff in shares
▼ + stars: | 2023-05-03 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

The stock fell more than 6% in early trading and was set to erase nearly $9 billion in market value. Intel, whose shares rose last week on a more upbeat PC market outlook, gained more than 2%. The PC market has been in a slump for the past few quarters after a demand surge during the pandemic, while data center spending has also slowed as the economic outlook worsens. AMD, whose smaller and more efficient data center chips had helped it take market share from Intel last year, missed estimates for both PC and data center chip sales in the first quarter. "AMD results were more vulnerable (to the PC slump) than Intel's because most AMD-based PC customers were consumers.

☆ Bernstein's Stacy Rasgon previews AMD ahead of the company reporting earnings
▼ + stars: | 2023-05-02 | 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 EmailBernstein's Stacy Rasgon previews AMD ahead of the company reporting earningsStacy Rasgon, Bernstein senior analyst, joins 'Closing Bell' to discuss AMD ahead of its earnings report.

☆ Earnings playbook: The second half of the season kicks off with Apple, Ford and a pharma giant
▼ + stars: | 2023-04-30 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

What history shows: Data from Bespoke Investment Group shows Pfizer beats earnings expectations 87% of the time. Ford Motor is set to report earnings after the close, followed by a call at 5 p.m. What history shows: Ford earnings outperform earnings expectations 69% of the time, per Bespoke. AMD is set to report earnings after the close, with management scheduled to hold a conference call at 5 p.m. Friday Warner Bros Discovery is set to report earnings before the open, followed by a conference call at 8 a.m.

☆ Tech ripped higher to start the year. Here's how the pros are trading the sector in the new quarter
▼ + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +10 min

After the worst year for tech since 2008 , many investors questioned whether the market could move higher in the new year without the sector's cooperation. Names such as Apple , Microsoft and Amazon gained about 27%, 20% and 23% in the first quarter, respectively, as yields pushed lower. Amid this backdrop, Alphabet shares gained 17.6% in the first quarter as the company launched it's Bard chatbot rival. Not all investors view big tech so optimistically heading into the new quarter. Much of the surge in tech stocks stems from the oversold conditions created during 2022's carnage, positioning many of these stocks for a bounce, Meeks said.

☆ Nvidia's stock has climbed as Wall Street bets on A.I. Why investors say its promise is worth the premium
▼ + stars: | 2023-03-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

NVDA YTD mountain Nvidia shares so far this year Nvidia's stock' is trading at a forward price-to-earnings ratio of roughly 58 times. The focus on Nvidia's capabilities in this area have only grown since it unveiled new AI technologies at its GTC conference. On the heels of the conference, Goldman Sachs called the chipmaker a "key AI enabler," while Bank of America said Nvidia's AI dominance could "reshape the existing tech industry." That's in part because along with the hardware and software, Nvidia offers the engineers and relationships with both end-users and research organizations, which could stunt competitor plans from the get-go, Freund explained . Because so many engineers are already using Nvidia's software, some companies may face resistance if attempting to transition to a new language, explained Pieran Maru, an investment analyst at global asset management firm GAM Investments.

☆ For Intel, not getting worse is almost as good as getting better: Bernstein's Stacy Rasgon
▼ + stars: | 2023-03-29 | 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 EmailFor Intel, not getting worse is almost as good as getting better: Bernstein's Stacy RasgonStacy Rasgon, Bernstein senior analyst, joins 'Closing Bell' to discuss the accelerated growth in A.I.

☆ Here's why Bernstein’s Stacy Rasgon thinks Nvidia looks better long-term
▼ + stars: | 2023-03-17 | 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 EmailHere's why Bernstein’s Stacy Rasgon thinks Nvidia looks better long-termStacy Rasgon, Bernstein Research senior analyst, joins ‘Closing Bell’ to weigh in on semiconductors and why he feels good about Nvidia long-term.

☆ ChatGPT use could spark a new market for chipmakers worth 'tens of billions' annually, Bernstein calculates
▼ + stars: | 2023-02-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

"Given this, our math suggests a GPU TAM in the multiple tens of billions of dollars annually is potentially plausible once ChatGPT and other large language models are at scale," he added. According to Bernstein's calculations, 100 million ChatGPT queries a day would require annual purchases of $1 billion to $2 billion worth of Nvidia's H100 PCIe chips. At one billion queries a day, expect $10 billion to $20 billion worth of purchases, Rasgon said. Add Google's search queries to the mix, or roughly 10 billion a day, and Rasgon anticipates $150 billion worth of potential H100 graphics processing unit sales annually. "Presumably the cost curve will slope downward as the scale of large language model adoption rises, but the multi-fold expansion of GPU market feels inevitable if [large language model] usages (whether for search or otherwise) becomes a sustained thing," Rasgon wrote.

☆ Cramer's Mad Dash: Here's why Bernstein gave Nvidia a 'buy' rating
▼ + stars: | 2023-02-27 | 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 EmailCramer's Mad Dash: Here's why Bernstein gave Nvidia a 'buy' ratingCNBC's Jim Cramer looks at a buy recommendation from Bernstein's Stacy Rasgon.

☆ Wall St Week Ahead: U.S. economic resilience could add luster to semiconductor shares
▼ + stars: | 2023-02-24 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The Philadelphia SE Semiconductor index (.SOX) is up about 16% so far this year, dwarfing the 3% year-to-date gain for the S&P 500 (.SPX) and the Nasdaq Composite’s (.IXIC) 8.5% rise. With semiconductors a key component in countless products, some investors are betting economic strength could help the shares outperform. "If that’s the case, then I think semiconductors can do very well.”Of course, economic strength has been a double-edged sword for stocks lately. Semiconductor shares have pulled back recently along with broader markets on worries of a "no landing" economic scenario in which strong growth keeps inflation elevated and prompts the Fed to raise interest rates higher for longer. And if tighter Fed policy eventually brings on a recession in the second half of the year, as some fear, semis could suffer.

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