Latest news with #AtifMalik
Yahoo
6 days ago
- Business
- Yahoo
NVIDIA Corporation (NVDA) Surges Ahead With $2B Ethernet Push and $1B NVLink Wins
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks on Wall Street's radar. On June 3rd, Citi analyst Atif Malik reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a $180.00 price target. The analysts have pointed out Nvidia's strategic focus on artificial intelligence (AI) networking, highlighting the company's efforts to optimize compute and storage with its networking operating system, Dynamo. Dynamo is intended to achieve the lowest total cost of ownership for tokens per second per user. Moreover, the company's first-quarter results have demonstrated a significant 64% quarter-over-quarter growth in its networking segment, backed by both scale-up and scale-out products. This growth has, in turn, led to the company's remarkable 86.17% year-over-year revenue growth and 70.11% gross profit margin. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. The company's NVLink solutions have grossed over $1 billion in sales. Meanwhile, its Spectrum-X (Ethernet) portfolio has achieved two new customers, contributing to a quarterly run-rate of $2 billion. Even though Infiniband is the gold standard for hyperscalers, Ethernet is also becoming a preferred choice due to its familiarity. Discussing the NVLink, analysts noted that this specialized scale-up platform connects 72 GPUs and benefits larger language models. Customers can purchase only the components they need for their AI infrastructure, such as super NICS and switches, without having to purchase the entire stack. Noting Co-Packaged Optics (CPO) in relation to NVLink, the analysts said that while copper is low power and cost-effective, it can create noise on the PCB. Placing optics next to ASICs will help the company to eliminate the need for additional digital signal processors and retimers, optimizing its AI networking solutions even further. NVIDIA specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Globe and Mail
28-05-2025
- Business
- Globe and Mail
Citi's Top Analyst Sees Minimal Impact on Apple from Trump's 25% Tariffs
Citi's top analyst, Atif Malik, sees limited impact from the potential 25% tariffs on Apple's (AAPL) business, should the iPhone maker continue manufacturing its devices in India. President Donald Trump has threatened Apple of at least 25% tariffs if the company does not manufacture all the products sold in the U.S. domestically. However, despite repeated warnings, both Apple and its key Taiwanese supplier, Foxconn, are continuing to expand their operations in India. Confident Investing Starts Here: After evaluating the full impact of the proposed 25% tariffs on all of iPhone imports to the U.S., Malik reiterated his 'Buy' rating on AAPL stock. He also maintained his previous price target of $240 on AAPL, which implies 22.9% upside potential from current levels. Malik is a five-star analyst on TipRanks, ranking #19 out of 9,562 analysts covered. He boasts an impressive success rate of 68% and an average return per rating of 27.90%. Malik Is Bullish on AAPL Despite Tariff Concerns Malik estimated the full impact of the proposed 25% tariffs on iPhone imports and found limited downside. He assumed a 25% tariff as the bear case on all iPhone imports, which account for two-thirds of Apple's U.S. imported products. His calculation shows a 130-basis-point incremental impact on Apple's gross margin, or a 4% incremental earnings per share (EPS) impact in fiscal year 2026. Meanwhile, his base case scenario includes a 20% tariff on China and a 10% tariff on India. Additionally, Malik assumes that Apple will pass on one-third of the incremental costs to consumers and/or suppliers. According to data compiled by Main Street Data, Apple's gross margins have remained steady or increased modestly over the past few years. In the trailing twelve months ending March 31, 2025, Apple's gross margins stood at a healthy 46.63%, with revenue totaling $400.37 billion. To conclude Malik's views, considering Apple's healthy revenues and gross margins, the proposed 25% tariffs could have a limited and manageable impact on its business. Hence, Malik remains highly bullish on Apple stock and has assigned a favorable price target. Is Apple Stock a Buy, Hold, or Sell? Not all analysts share the same enthusiasm about Apple's long-term stock trajectory. On TipRanks, AAPL stock has a Moderate Buy consensus rating based on 17 Buys, eight Holds, and four Sell ratings. Also, the average Apple price target of $228.22 implies 16.9% upside potential from current levels. Year-to-date, AAPL stock has lost 21.8%. See more AAPL analyst ratings
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Trump Is Giving Nvidia a Middle East Boost. How Should You Play NVDA Stock Here?
Nvidia (NVDA) shares are inching further up on Wednesday after the chipmaker signed a multi-year AI infrastructure deal with Humain – a new startup launched by the Saudi Arabia's sovereign wealth fund. Over the next five years, the said duo will build AI factories powered by hundreds of thousands of NVDA's most advanced chips to establish the Kingdom as a global leader in artificial intelligence, as per their joint press release. Following today's gain, Nvidia stock is up nearly 45% versus its low on April 4. What the Humain Deal Means for Nvidia Stock NVDA shares are rallying on the Humain deal this morning as it reinforces the giant's leadership in artificial intelligence hardware. Investors are rewarding the AI darling also because recent reports indicate the White House could soon announce a deal that would enable Nvidia to sell its advanced chips in large volumes to the United Arab Emirates as well. These government-backed agreements are significant for NVDA investors as they will likely help the company sustain its revenue growth in the years ahead. Note that the Nvidia-Humain transaction is part of the $600 billion that President Donald Trump secured in investments for U.S. companies during his recent visit to the Saudi Arabia. Citi Analyst Reiterates Bullish View on NVDA The Humain deal made Citi analyst Atif Malik reiterate his 'Buy' rating on Nvidia stock today. In his research note, he dubbed NVDA's team up with the Saudi venture 'a good start to what'll likely be a new country-to-country negotiation approach by the US government.' Malik currently has a $150 price target on the AI stock that signals potential for another 11% upside from current levels. Citi's bullish note arrives a couple weeks before Nvidia is scheduled to report its financial results for the first quarter. Consensus is for the Nasdaq-listed firm to earn $0.83 a share in Q1 – sharply higher than $0.58 per share it earned in the same quarter last year. Wall Street Remains a Fan of Nvidia in 2025 Interestingly, Citi is among the more cautious firms on Nvidia shares at writing. The consensus rating on NVDA currently sits at ' Strong Buy ' with a mean target of an even higher $166 indicating potential upside of close to 25% from here.
Business Recorder
13-05-2025
- Business
- Business Recorder
JS Bank launches first maternity insurance through JS Her
KARACHI: In a move to support women's health and financial well-being, JS Bank, through its women-focused banking platform JS Her, has launched Pakistan's first dedicated maternity insurance, offering care and coverage for new mothers. Timed to honour mothers on Mother's Day, this innovative insurance plan provides financial support during one of life's most critical moments. The coverage includes up to Rs100,000 for normal deliveries and Rs125,000 for complicated deliveries or C-sections. Women between the ages of 18 to 50 years are eligible for the plan. Atif Malik, Chief Operating Officer at JS Bank, shared his thoughts on the initiative and said that JS Bank is committed to building financial solutions that support women at every stage of life. With the launch of Pakistan's first maternity insurance under JS Her, the banks is offering care, confidence, and a safety net when it's needed most. This is a step towards more inclusive banking, where every woman feels valued and supported, he added. Copyright Business Recorder, 2025
Yahoo
01-05-2025
- Business
- Yahoo
3 Reasons To Keep an Eye on Apple's Stock, According to Experts
Apple (AAPL) is one of the biggest companies in the world, with a stock that many investors would love to own if they don't already. But where is the stock price of this tech giant going? Citi analyst Atif Malik's appraisal of Apple's stock, as reported by Investor's Business Daily, suggested there are good things on the horizon for Apple with the iPhone software update, iOS 18.4, which provides support for Apple Intelligence in multiple languages. Read Next: Learn More: However, due to economic disruption happening around the globe, it's anyone's guess whether Apple's stock will fall again with the rest of the market or whether it's set to push higher. No matter which way it heads, here are three reasons to keep an eye on Apple stock. Also see how to pick the next Apple stock, according to Warren Buffett. 'It is true that the Apple Intelligence rollout has been less than perfect and the company has taken a back seat in the AI conversation to date,' said Jason Moser, senior investment analyst at The Motley Fool. He noted, however, that it's also important to remember that Apple's strategy isn't about being first. 'To be sure, CEO Tim Cook has said it many times, it's not about being first, it's about being best,' Moser said. And some think Apple Intelligence could prove beneficial for the stock. Angelo Zino, a senior research analyst with CFRA Research, said Apple Intelligence could enable strong demand for the iPhone 17, as reported by Insider Monkey. Explore More: Moser highlighted that after a strong year of earnings where shares outperformed the S&P 500, Apple has had a tough go of things in 2025 as tariff talks have kept investors in uncertain territory. 'However, it's worth remembering the strengths of the business thanks to its massive installed hardware base, to the tune of over 2.35 billion active devices,' Moser explained. 'In its most recent quarter, the company also hit an all-time revenue record in its Services business with almost $100 billion in revenue from Services alone.' 'Tariffs are a big wild card for Apple right now, there's no debating that,' Moser said. 'But Apple is also making real progress in diversifying its supply chain with heavy investments in India. This move, in conjunction with Indian conglomerate Tata is taking the business in a new direction and it's estimated that India will contribute more than 20% of global iPhone output in 2025.' Alejandro Zambrano, chief market analyst at ThinkMarkets, explained how the tariffs on China could make it difficult for Apple to serve its largest market, the U.S. Moreover, if no deal can be found with Europe, its second-biggest market, it is likely the European Union could place Apple in its crosshairs, according to Zambrano.'This has still not been priced in and could deliver another strong hit to Apple,' Zambrano said. 'In China, their third biggest consumer market, which brings in 15% to 25% of their revenue, there is likely to be a boycott on American products.' The reason for the bearish outlook, according to Zambrano, is that the markets know exactly what happened to the U.S. and world economy the last time tariffs were this high. 'So the key to knowing when to buy Apple will rest squarely on someone's ability to predict Trump's next move,' Zambrano explained. 'Signs of him backing down, or nearing a deal with China and the EU, are key to timing a good entry in the stock.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives 4 Things You Should Do if You Want To Retire Early 10 Genius Things Warren Buffett Says To Do With Your Money Sources Investor's Business Daily, 'Apple Stock Looks Appetizing At Current Levels, Citi Says.' Jason Moser, The Motley Fool Insider Monkey, 'Apple Intelligence, New Form Factors Will Boost AAPL Stock, Analyst Says.' Alejandro Zambrano, ThinkMarkets This article originally appeared on 3 Reasons To Keep an Eye on Apple's Stock, According to Experts Sign in to access your portfolio
