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☆ 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.

☆ 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.

☆ Bernstein's Stacy Rasgon says he's betting on A.I. in Nvidia earnings
▼ + stars: | 2023-02-22 | 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 EmailBernstein's Stacy Rasgon says he's betting on A.I. in Nvidia earningsStacy Rasgon, Bernstein Research, joins 'Closing Bell' to weigh in on Intel and Nvidia ahead of their respective earnings.

☆ AMAT earnings and outlook a 'positive surprise,' analyst says
▼ + stars: | 2023-02-17 | 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 EmailAMAT earnings and outlook a 'positive surprise,' analyst saysStacy Rasgon of Bernstein discusses the factors, such as its "end-market mix," that have helped the company beat its peers.

☆ Semiconductor firm AMD is now big enough to experience a 'cloud digestion cycle,' says analyst
▼ + stars: | 2023-02-01 | 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 EmailSemiconductor firm AMD is now big enough to experience a 'cloud digestion cycle,' says analystStacy Rasgon of Bernstein Research discusses why AMD's data center business has been able to continue growing sequentially over the last few quarters.

☆ Bernstein's Stacy Rasgon weighs in on AMD earnings
▼ + stars: | 2023-01-31 | 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 weighs in on AMD earningsStacy Rasgon, Bernstein Research senior analyst, joins 'Closing Bell: Overtime' to weigh in on AMD earnings.

☆ Stacy Rasgon breaks down Intel
▼ + stars: | 2023-01-27 | 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 EmailStacy Rasgon breaks down IntelStacy Rasgon, Bernstein senior analyst, joins 'TechCheck' to discuss the decline in Tesla shares after the company reported dismal quarterly and full-year results.

☆ Intel CEO Pat Gelsinger talks about huge Q4 earnings miss and analysis by Bernstein's Stacy Rasgon
▼ + stars: | 2023-01-27 | by ( Alison Conklin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel CEO Pat Gelsinger talks about huge Q4 earnings miss and analysis by Bernstein's Stacy RasgonIntel CEO Pat Gelsinger discusses his company's disastrous earnings results and forecast, followed by reaction from Bernstein Senior Analyst and Managing Director Stacy Rasgon on CNBC's "TechCheck."

OAKLAND, Calif/BANGALORE, Jan 27 (Reuters) - Microprocessor giant Intel Corp (INTC.O) has stumbled badly at a time when smaller rival AMD and others are picking up speed. Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC calculated. "I don't think Intel is in a position yet to start recovering share" in the market, he said. Customers of processors cannot launch products if new chip designs are late, and Intel has stumbled on delivering its latest data-center chip, code named Sapphire Rapids. Worse for Intel, the benchmarks published by the two companies show that AMD's latest server chip outperforms Sapphire Rapids on "general purpose workloads", according to Bernstein analyst Stacy Rasgon.

REUTERS/Andrew KellyOAKLAND, Calif/BANGALORE, Jan 27 (Reuters) - Microprocessor giant Intel Corp (INTC.O) says it will regain its footing against AMD and other chip rivals which are gobbling up market share, but Wall Street is skeptical. That's a headwind for Intel and AMD, both of which are rolling out new chips, but Intel is facing a larger inventory correction. Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC calculated. Chipmaker shares were hammered across the board on Friday, but Intel led the decline, slumping by 10% while AMD lost 1.8%. AMD set to overtake Intel in market cap, again AMD set to overtake Intel in market cap, againReporting By Jane Lanhee Lee and Chavi Mehta; Editing by David Gaffen, Peter Henderson, Kirsten Donovan and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Here's what Intel's terrible results mean for longtime rival and Club holding AMD
▼ + stars: | 2023-01-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

When Advanced Micro Devices (AMD) reports quarterly earnings next week, the Club holding's results should not look nearly as bad as longtime rival Intel 's (INTC) dismal numbers. But the magnitude of the Intel's disappointment stems from many company-specific factors, including lost market share to chip peers such as AMD. This multi-quarter, industrywide problem will likely show up in the fourth-quarter results AMD is scheduled to release after Tuesday's close. Implications for AMD Morgan Stanley said it believes Intel's results are "cautious" for peers, especially AMD. Bank of America sees Intel's results as "only incrementally negative" for AMD, partially because the analysts believe AMD's inventory correction in the second half of the year was larger than Intel's.

☆ Bernstein analyst on Intel earnings: 'I don't think I've ever seen anything quite like this before'
▼ + stars: | 2023-01-26 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Intel 's earnings miss and weak guidance is "something special," according to Bernstein senior analyst Stacy Rasgon. The company missed expectations of analysts polled by Refiitiv for both adjusted per-share earnings and revenue in the fourth quarter. The company also offered guidance for first-quarter per-share earnings and revenue that was below Refinitiv's respective consensus estimates. Intel is expecting an adjusted net loss of 15 cents per share on $10.5 billion to $11.5 billion in revenue, compared with Refinitiv's expected 24-cent gain in per-share earnings on $13.93 billion in revenue. "I don't think I've ever seen anything quite like this before.

☆ Bernstein downgrades AMD as personal computer market worsens
▼ + stars: | 2023-01-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Despite continued dominance in the server space, Bernstein said sliding computer and new parts demand has made Advanced Micro Devices hard to be excited about. Analyst Stacy Rasgon downgraded the semiconductor stock to market perform from outperform. He also cut the price target by $15 to $80, implying a more modest 4.5% upside from where the stock closed Monday. Rasgon said AMD's new client parts have been available at deeper discounts in less time than the prior generation because Intel 's "semidestructive behavior" resulted in an oversaturated parts market. He said AMD has potential for some risk to growth margins beyond what was expected to come as a result of broader market worries because of the sliding demand paired with rising costs.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Club earnings, AMD downgrade, Disney hope
▼ + stars: | 2023-01-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Three quarterly reports before the bell and Club holding Microsoft (MSFT) after the close. Club holding Nvidia (NVDA): Citi sees generative artificial intelligence ChatGPT as a $5 billion to $11 billion opportunity. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Texas Instruments replaces CEO Rich Templeton with current operating chief Haviv Ilan
▼ + stars: | 2023-01-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Texas Instruments on Thursday announced that its CEO for almost 19 years, Rich Templeton, will step down on April 1 as Haviv Ilan, its chief operating officer, replaces him. But Texas Instruments had carried out a similar plan in 2018 that backfired. "Crutcher resigned due to violations of the company's code of conduct," Texas Instruments said at the time. Ilan arrived at Texas Instruments in 1999 by way of the company acquisition of the Israeli wireless startup Butterfly. Before becoming operating chief at Texas Instruments, he had been senior vice president of its analog signal chain and high-performance analog divisions.

☆ Apple to replace key Broadcom chip with in-house design - Bloomberg News
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - Apple Inc (AAPL.O) plans to replace a Broadcom Inc (AVGO.O) chip from its devices with an in-house design in 2025, Bloomberg News reported on Monday, citing people familiar with the matter. Apple plans to replace Broadcom's Wi-Fi and Bluetooth chip, according to the Bloomberg News report, which added that Apple is the U.S. chipmaker's largest customer. The Cupertino, California-based company accounts for about 20% of Broadcom's revenue. Apple's decision is likely to hit Broadcom revenue by about $1 billion to $1.5 billion, said Stacy Rasgon, an analyst with financial services firm AB Bernstein. Apple and Broadcom did not immediately respond to a Reuters request for comments.

☆ Chip stocks tumbled in 2022. How to play the sector in the new year
▼ + stars: | 2023-01-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Semiconductor stocks suffered a series of blows in 2022 as demand for consumer discretionary items fell off a cliff and supply chain disruptions continued. Betting on semiconductor favorites Despite ongoing volatility, some analysts and investors are still betting on once high-flying names in 2023, even though the challenges of 2022 continue. One of those is Advanced Micro Devices, a chip stock commonly connected with PC and server chips that fell hard in 2022. Texas Instruments held up better than the rest of the semiconductor market in 2022, shedding a little more than 12%. Bailey is mostly shying away from former, rapid growth names, with small bets on ASML and Marvell for clients looking for possible higher growth.

☆ Dell looks to phase out use of all China chips by 2024
▼ + stars: | 2023-01-05 | 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 EmailDell looks to phase out use of all China chips by 2024Bernstein Research's Stacy Rasgon joins 'Closing Bell' to discuss Dell's decision to phase out all chips made in China by 2024 and who stands to benefit from the decision.

☆ Most investors in semis are anticipating a downturn, says Bernstein's Stacy Rasgon
▼ + stars: | 2022-12-29 | 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 EmailMost investors in semis are anticipating a downturn, says Bernstein's Stacy RasgonBernstein's Stacy Rasgon joins CNBC's Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss his outlook for the semiconductor sector heading into next year.

☆ Semis are falling because of Micron's lower guidance for 2024, says Bernstein's Stacy Rasgon
▼ + stars: | 2022-12-22 | 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 EmailSemis are falling because of Micron's lower guidance for 2024, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein senior semiconductor analyst, joins 'Closing Bell' to discuss Micron as the company guided gross margins down.

☆ Watch CNBC's full interview with Bernstein's Stacy Rasgon
▼ + stars: | 2022-12-06 | 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 EmailWatch CNBC's full interview with Bernstein's Stacy RasgonStacy Rasgon, Bernstein senior analyst and managing director, joins 'TechCheck' to discuss if hesees TSMC's new chip fabrication plant in Arizona as a hedge against woes in China, where Intel is in its ambitions to manufacture chips in the U.S. and more.

☆ Any on-shoring of semiconductor supply chain is beneficial, says Bernstein's Stacy Rasgon
▼ + stars: | 2022-12-06 | 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 EmailAny on-shoring of semiconductor supply chain is beneficial, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein senior analyst and managing director, joins 'TechCheck' to discuss if he sees TSMC's new chip fabrication plant in Arizona as a hedge against China manufacturing issues, where Intel is in its ambitions to manufacture chips in the U.S. and more.

☆ It's a stock-picker's market in semis, says Bernstein's Rasgon
▼ + stars: | 2022-11-29 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's a stock-picker's market in semis, says Bernstein's RasgonBernstein's Stacy Rasgon on what to expect from chip stocks for the rest of the year. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Dan Nathan, Guy Adami and Steve Grasso.

☆ How AMD became a chip giant and leapfrogged Intel after years of playing catch-up
▼ + stars: | 2022-11-22 | by ( Katie Tarasov | ) www.cnbc.com time to read: +6 min

After AMD and Intel parted ways, AMD reverse engineered Intel’s chips to make its own products that were compatible with Intel’s groundbreaking x86 software. Intel sued AMD, but a settlement in 1995 gave AMD the right to continue designing x86 chips, making personal computer pricing more competitive for end consumers. For those, AMD turned to Taiwan Semiconductor Manufacturing Co., which now makes all of AMD’s most advanced chips. AMD’s data center customers include Amazon Web Services, Google Cloud, Oracle, IBM and Microsoft Azure. And so now it suddenly makes sense to do more customized solutions.”Former Xilinx CEO Victor Peng and AMD CEO Lisa Su on stage in Munich, Germany, at the AMD

☆ Bernstein's Stacy Rasgon weighs in on Nvidia's fourth quarter earnings
▼ + stars: | 2022-11-16 | 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 weighs in on Nvidia's fourth quarter earningsStacy Rasgon, Bernstein chip analyst, joins 'Closing Bell: Overtime' to discuss Nvidia after the company reported earnings.

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