Latest news with #AaronRakers
CNBC
7 hours ago
- Business
- CNBC
Nvidia will jump another 20% after report of China export license agreement, Wells Fargo says
A couple of catalysts could propel shares of Nvidia higher in the coming months, according to Wells Fargo. As investors gear up for the artificial intelligence's earnings after the bell Aug. 27, the firm increased its price target to $220 from $185 and reiterated an overweight rating on the stock. The firm's updated target implies 20.4% upside potential from Friday's close. This comes after The Financial Times reported that Nvidia and Advanced Micro Devices agreed to give the federal government a 15% share of their revenue from selling certain chips in China — namely Nvidia's H20 chips and AMD's MI308 chips. The agreement allows the two companies to receive export licenses to sell those chips. "We would assume NVDA can recapture the full $8B/qtr revenue impact the H20 China ban was expected to have on the F2Q26 (July) qtr by F4Q26 (Jan)," analyst Aaron Rakers wrote in a note on Monday. "We would expect China demand to grow from the $8B/qtr level going forward." Along with the report of approved licenses to resume H20 chip sales in China, Rakers pointed to strength in U.S. imports of automated data processing (ADP) machines in June and Taiwanese exports of ADP machines in July "We see our analysis of highly correlated macro data points coupled w/ strong rptd + guided hyperscale capex trends as supporting solid upside," the analyst wrote. "We also appreciate that there has been increasing upside bogey sentiment into upcoming (8/27) F2Q26 print." NVDA 3M mountain NVDA, 3-month Shares of Nvidia were nearly 1% lower in the premarket Monday. Overall, the stock has had a solid year, outperforming the broader market with a 56% gain in the last three months and a 36% rise year to date.
Yahoo
2 days ago
- Business
- Yahoo
Wells Fargo Stays Bullish on Apple (AAPL) Amid $100B U.S. Expansion Plan
Apple Inc. (NASDAQ:AAPL) is one of the . On August 7, Wells Fargo analyst Aaron Rakers reiterated an Overweight rating on the stock with a $245.00 price target. The rating affirmation follows Apple's recent announcement that it is increasing its investment in the United States by $100B to $600B over the next four years. Apple announced that it will be making major investments across its multiple top suppliers, including a $2.5B deal with Corning and a multi-year deal with Coherent. 'Apple previously announced in February that it would spend $500B over the next 4 years. The announcement reiterated the company's plan for a major AI server facility in Houston. In addition to Corning and Coherent, Apple's press release highlights partnerships with Broadcom, GlobalWafers, TSMC, Texas Instruments, Applied Materials, GlobalFoundries, and Amkor. Apple also emphasized its focus on building out its US data center footprint, building on an already $5B investment in Maiden, North Carolina; also noting expanding data center capacity in Iowa, Nevada, and Oregon'. The firm believes that the said announcement aims to strike a deal to minimize tariff impacts. 'Apple's announcement of an additional $100B investment in the US will (should) be viewed as more about posturing/a deal to minimize tariff impacts, i.e., companies committed to building in the US would be exempt from tariffs,' -Analysts led by Aaron Rakers. According to Rakers and his team, President Trump discussed plans of imposing 100% tariffs on imports of semiconductors. However, he added that 'the good news for companies like Apple is if you're building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge.' The analysts further noted that Apple's announcement has made no reference that they are bringing final iPhone assembly into the U.S. Apple is a technology company known for its consumer electronics, software, and services. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
Wells Fargo Stays Bullish on Apple (AAPL) Amid $100B U.S. Expansion Plan
Apple Inc. (NASDAQ:AAPL) is one of the . On August 7, Wells Fargo analyst Aaron Rakers reiterated an Overweight rating on the stock with a $245.00 price target. The rating affirmation follows Apple's recent announcement that it is increasing its investment in the United States by $100B to $600B over the next four years. Apple announced that it will be making major investments across its multiple top suppliers, including a $2.5B deal with Corning and a multi-year deal with Coherent. 'Apple previously announced in February that it would spend $500B over the next 4 years. The announcement reiterated the company's plan for a major AI server facility in Houston. In addition to Corning and Coherent, Apple's press release highlights partnerships with Broadcom, GlobalWafers, TSMC, Texas Instruments, Applied Materials, GlobalFoundries, and Amkor. Apple also emphasized its focus on building out its US data center footprint, building on an already $5B investment in Maiden, North Carolina; also noting expanding data center capacity in Iowa, Nevada, and Oregon'. The firm believes that the said announcement aims to strike a deal to minimize tariff impacts. 'Apple's announcement of an additional $100B investment in the US will (should) be viewed as more about posturing/a deal to minimize tariff impacts, i.e., companies committed to building in the US would be exempt from tariffs,' -Analysts led by Aaron Rakers. According to Rakers and his team, President Trump discussed plans of imposing 100% tariffs on imports of semiconductors. However, he added that 'the good news for companies like Apple is if you're building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge.' The analysts further noted that Apple's announcement has made no reference that they are bringing final iPhone assembly into the U.S. Apple is a technology company known for its consumer electronics, software, and services. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. 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
Yahoo
28-07-2025
- Business
- Yahoo
AMD Stock Jumps as AI Chip Prices Soar Ahead of Q2 Earnings
July 28 - Advanced Micro Devices (NASDAQ:AMD) shares leapt about 3.5% Monday after word broke that the chipmaker plans to boost the price of its Instinct MI350 AI accelerator from $15,000 to $25,000, a hefty 67% bump. Warning! GuruFocus has detected 5 Warning Signs with AMD. HSBC analysts first flagged the dramatic price move, noting that even at $25,000 the MI350 undercuts Nvidia's (NASDAQ:NVDA) Blackwell B200. Such a bold premium suggests AMD sees robust demand for its AI gear and could translate into significant revenue upside in its next quarterly release. Wells Fargo's Aaron Rakers and his team wasted no time reaffirming their bullish stance. They point to the freshly launched MI355X GPUs, shipping since June, as the linchpin for AMD's August 5 Q2 report. Market watchers will zero in on how swiftly customers embrace MI355X to gauge second?quarter momentum. Looking ahead, Rakers forecasts roughly $1.65 billion in data?center GPU sales in fiscal Q3 2025, marking modest year?on?year growth. That outlook already factors in an $800 million drag from export limits on MI308X shipments to China, pending license renewals. Any green light there could inject fresh upside into AMD's back half. The MI350 price hike and MI355X rollout reinforce AMD's bid for a larger slice of the $500 billion AI compute pie. As AMD vies with Nvidia on performance and value, its ability to command heftier prices without ceding market share will set the tone for next week's earnings call. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
AMD Gets Price Target Hike as Analysts See Data Centre Growth Accelerating
Advanced Micro Devices, Inc. (NASDAQ:) is one of the On July 16, Wells Fargo reiterated the stock as 'Overweight' and raised its price target on the stock to $185 per share from $120. 'We think AMD will point to confidence in the trajectory to y/y AMD's datacenter GPU growth into 2H25,' According to analyst Aaron Rakers, this datacenter GPU growth will be driven by the build-up of MI355X chips, which began shipping last month. The analyst also expects AMD to highlight its roadmap execution, especially for its fifth-generation Epyc processors dubbed Turin. 'We expect AMD results to highlight the company's position as a continued share gainer in server [central processing units] with a materializing ramp of Turin Zen 5-based EPYC CPUs + continued adoption of the Zen 4-based Genoa / Bergamo EPYC CPUs. We remain confident in AMD's strong roadmap execution,' he said, saying there should appear to be 'ample room for enterprise driven growth.' A robotic process automation system in a modern datacenter. AMD is set to report its earnings in early August. 'We expect AMD to point to sustained datacenter momentum into 2H; roadmap execution and building rack-scale strategy.' Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
