Latest news with #AI-enabling
Yahoo
29-05-2025
- Business
- Yahoo
Wells Fargo Maintains Buy Rating on Applied Materials (AMAT), Keeps PT Steady
On May 23, analyst Joseph Quatrochi from Wells Fargo maintained a Buy rating on Applied Materials, Inc. (NASDAQ:AMAT) while keeping the price target of $200. The reiteration comes after the company released fiscal second quarter results for 2025 on May 15. A technician in a clean room assembling a semiconductor chip using a microscope. Applied Materials, Inc. (NASDAQ:AMAT) delivered $7.10 billion in revenue reflecting 7% year-over-year growth. Notably, the EPS grew 14% during the same time to $2.39 surpassing analyst expectations by $0.08. Management reported the quarter to be driven by increased demand for AI-enabling semiconductors. Analyst Joseph Quatrochi highlighted the growth was driven by increased revenue contributions from major clients including Samsung and TSMC. Samsung's quarterly revenue contribution increased 65% year-over-year, whereas TSMC contributed 21% to the company's total revenue, reflecting a 150% increase during the same time. In addition, Quatrochi noted that despite revenue declining in some areas, excluding contributions from major clients, the overall financial health of Applied Materials Inc. (NASDAQ:AMAT) remains strong. The company anticipates third-quarter revenue to be around $7.2 billion with an EPS between $2.15 to $2.55. While we acknowledge the potential of AMAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMAT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
28-05-2025
- Business
- Time of India
Big Nvidia earnings drop today — will the stock soar or sink? Traders weigh in
Nvidia's upcoming earnings report, due after Wednesday's market close, is anticipated to significantly impact the stock market. Options data suggests a potential 6% swing in Nvidia's stock price, potentially reaching a 4-month high or slightly above levels seen after US-China tariff negotiations. Tired of too many ads? Remove Ads Nvidia Stock Could Swing Up or Down Nvidia's Analysts' Expectation Tired of too many ads? Remove Ads Tough Track Record With Investors FAQs After Nvidia posts its quarterly earnings report after the markets close on Wednesday, the entire stock market may feel the impact, as per analysis of options pricing data suggests Nvidia's stock could move about 6% in either direction by the end of the week, reported Investopedia. The stock movement would put the AI chipmaker's share price at either $143.92, which is a 4-month high, or $127.09, which is slightly above where it closed after the United States and China negotiated to lower tariffs on each other's imports, as per the second-most valuable company's shares jumped almost 25% last month, bringing the stock up about 1% for the year, according to Investopedia. Technical analysis has pointed to bullish momentum heading into Wednesday's results of the company, as per the READ: Thought U.S. and EU drones were superior? Russia unleashes drones that fly higher and faster — here's all about them According to Investopedia, analysts expect Nvidia to report around 66% revenue growth and 40% earnings growth for the latest quarter. As per the analysts tracked by Visible Alpha, two analysts recommend buying the Nvidia stock, reported Investopedia. The analysts' average price target of $164 would be about 25% upside from Friday's close, as per the it has been one year since Nvidia shares increased after it announced a quarterly report, as per Investopedia. The AI chipmaker's stock rose over 9% in May 2024 as the firm exceeded earnings expectations and had also announced the 10-for-1 stock split, which led it to join the blue-chip Dow Jones Industrial Average, according to the Nvidia has consistently beaten earnings estimates since then, but, it has still failed to impress investors, as per Investopedia. Nvidia's shares dropped after each of the company's three latest earnings reports, including about a 9% fall in February, even though "the results contained ample evidence that demand for its AI-enabling chips remained as strong as ever," reported the markets close on Wednesday, May 6% in either direction by the end of the week, based on options pricing.
CNA
23-04-2025
- Business
- CNA
Besi posts strong bookings as AI drives demand for hybrid bonding tech
BE Semiconductor Industries (Besi), a supplier of advanced packaging tools for chipmakers, said on Wednesday its order bookings grew in the first quarter as Asian subcontractors ordered more AI-related data centre applications. Investors are banking on growing orders for Besi's hybrid bonding solutions, a critical chip technology allowing two chips to be bonded directly on top of each other, and its first-mover advantage amid a surge in demand for AI-enabling technology. "We received hybrid bonding orders from two leading memory (chip) producers for HBM 4 applications as well as follow-on orders from a leading Asian foundry for logic applications," CEO Richard Blickman said in a statement. The Dutch group's quarterly order bookings, an important indicator of future growth, grew 8.2 per cent to 131.9 million euros ($150.1 million) compared to the fourth quarter of 2024. Besi's shares, which had fallen 30 per cent this year as of the last close, were up 9 per cent by 0730 GMT. Analysts from KBC Securities said in a note that Besi's new orders were "very positive", underscoring its long term potential even if there will be some volatility in the short run. Besi's revenue fell 6.1 per cent quarter-on-quarter to 144.1 million euros, weighed down by muted shipments for mobile and automotive applications. It expects the metric to remain at a similar level in the second quarter, with a possible deviation of 5 per cent into either direction. The timing and trajectory of the expected demand upturn is more difficult to predict now given the uncertainties around the escalating trade war, Blickman said. Besi had said in February it expected mainstream assembly markets to start to recover only in the second half of the year, depending on end market trends and the course of the global trade restrictions. "However, demand for advanced packaging for AI applications remains strong given upcoming new device introductions and use cases planned in the 2026-2028 period," Blickman added. Degroof Petercam analysts said the upturn, which they expect to materialise in late 2025 or early 2026, should be stronger for Besi given its lead in hybrid bonding technology. ($1 = 0.8787 euros)
The Star
23-04-2025
- Business
- The Star
Besi reports higher bookings as AI demand picks up in Asia
Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration (Reuters) -Dutch chipmaking parts supplier BE Semiconductor Industries (Besi) said on Wednesday that its order bookings, an important indicator of future growth, rose 8.2% against last quarter as orders from Asian subcontractors for AI related data centre applications picked up. Investors are banking on growing orders for Besi's hybrid bonding solutions and its first-mover advantage amid a surge in demand for AI-enabling technology. Besi's CEO Richard Blickman said in a statement the timing and trajectory of the upturn was more difficult to predict now given the uncertainties around the escalating trade war. "However, demand for advanced packaging for AI applications remains strong given upcoming new device introductions and use cases planned in the 2026-2028 period," Blickman added. Besi said in February it expected mainstream assembly markets to start to recover only in the second half of the year, depending also on end market trends and the course of the global trade restrictions. Its revenue was 144.1 million euros ($164.1 million) in the first quarter, down 6.1% from the fourth quarter of 2024, as shipments for mobile and automotive applications remained muted. ($1 = 0.8779 euros) (Reporting by Leo Marchandon and Ozan Ergenay in Gdansk, editing by Milla Nissi)
Yahoo
23-04-2025
- Business
- Yahoo
Besi reports higher bookings as AI demand picks up in Asia
(Reuters) -Dutch chipmaking parts supplier BE Semiconductor Industries (Besi) said on Wednesday that its order bookings, an important indicator of future growth, rose 8.2% against last quarter as orders from Asian subcontractors for AI related data centre applications picked up. Investors are banking on growing orders for Besi's hybrid bonding solutions and its first-mover advantage amid a surge in demand for AI-enabling technology. Besi's CEO Richard Blickman said in a statement the timing and trajectory of the upturn was more difficult to predict now given the uncertainties around the escalating trade war. "However, demand for advanced packaging for AI applications remains strong given upcoming new device introductions and use cases planned in the 2026-2028 period," Blickman added. Besi said in February it expected mainstream assembly markets to start to recover only in the second half of the year, depending also on end market trends and the course of the global trade restrictions. Its revenue was 144.1 million euros ($164.1 million) in the first quarter, down 6.1% from the fourth quarter of 2024, as shipments for mobile and automotive applications remained muted. ($1 = 0.8779 euros) Sign in to access your portfolio
