Latest news with #ChristopherDanely
Yahoo
5 days ago
- Business
- Yahoo
Broadcom (AVGO) Stock Hits All-Time High on AI Chip Breakthrough
June 4 - Broadcom (NASDAQ:AVGO) shares climbed more than 3% on Tuesday, touching a new all-time high after the chipmaker started shipping its next-generation Tomahawk 6 switch chips. List of 52-Week Lows List of 3-Year Lows List of 5-Year Lows The company described the chip as its most advanced to date, designed to enhance data center speed and power efficiency, features seen as increasingly vital for artificial intelligence applications. Tomahawk 6 is said to deliver double the bandwidth of existing Ethernet switches, with early feedback pointing to strong industry interest. Wall Street appeared to welcome the update ahead of Broadcom's fiscal second-quarter results set for release on June 5. Analysts polled by FactSet expect earnings of $1.57 per share on revenue near $15 billion. Citi analyst Christopher Danely, who recently boosted his price target on Broadcom to $276 from $210, said the chip could set a new standard for AI infrastructure performance. The announcement comes amid a broader rally in semiconductor stocks, driven by accelerating investment in AI hardware and cloud infrastructure. Based on the one year price targets offered by 36 analysts, the average target price for Broadcom Inc is $243.29 with a high estimate of $301.15 and a low estimate of $171.60. The average target implies a downside of -5.28% from the current price of $256.85. Based on GuruFocus estimates, the estimated GF Value for Broadcom Inc in one year is $150.22, suggesting a downside of -41.51% from the current price of $256.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the Forecast page. This article first appeared on GuruFocus. 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
6 days ago
- Business
- Yahoo
Broadcom (AVGO) Stock Hits All-Time High on AI Chip Breakthrough
June 4 - Broadcom (NASDAQ:AVGO) shares climbed more than 3% on Tuesday, touching a new all-time high after the chipmaker started shipping its next-generation Tomahawk 6 switch chips. List of 52-Week Lows List of 3-Year Lows List of 5-Year Lows The company described the chip as its most advanced to date, designed to enhance data center speed and power efficiency, features seen as increasingly vital for artificial intelligence applications. Tomahawk 6 is said to deliver double the bandwidth of existing Ethernet switches, with early feedback pointing to strong industry interest. Wall Street appeared to welcome the update ahead of Broadcom's fiscal second-quarter results set for release on June 5. Analysts polled by FactSet expect earnings of $1.57 per share on revenue near $15 billion. Citi analyst Christopher Danely, who recently boosted his price target on Broadcom to $276 from $210, said the chip could set a new standard for AI infrastructure performance. The announcement comes amid a broader rally in semiconductor stocks, driven by accelerating investment in AI hardware and cloud infrastructure. Based on the one year price targets offered by 36 analysts, the average target price for Broadcom Inc is $243.29 with a high estimate of $301.15 and a low estimate of $171.60. The average target implies a downside of -5.28% from the current price of $256.85. Based on GuruFocus estimates, the estimated GF Value for Broadcom Inc in one year is $150.22, suggesting a downside of -41.51% from the current price of $256.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the Forecast page. This article first appeared on GuruFocus.
Yahoo
6 days ago
- Business
- Yahoo
Broadcom (AVGO) Stock Hits All-Time High on AI Chip Breakthrough
June 4 - Broadcom (NASDAQ:AVGO) shares climbed more than 3% on Tuesday, touching a new all-time high after the chipmaker started shipping its next-generation Tomahawk 6 switch chips. List of 52-Week Lows List of 3-Year Lows List of 5-Year Lows The company described the chip as its most advanced to date, designed to enhance data center speed and power efficiency, features seen as increasingly vital for artificial intelligence applications. Tomahawk 6 is said to deliver double the bandwidth of existing Ethernet switches, with early feedback pointing to strong industry interest. Wall Street appeared to welcome the update ahead of Broadcom's fiscal second-quarter results set for release on June 5. Analysts polled by FactSet expect earnings of $1.57 per share on revenue near $15 billion. Citi analyst Christopher Danely, who recently boosted his price target on Broadcom to $276 from $210, said the chip could set a new standard for AI infrastructure performance. The announcement comes amid a broader rally in semiconductor stocks, driven by accelerating investment in AI hardware and cloud infrastructure. Based on the one year price targets offered by 36 analysts, the average target price for Broadcom Inc is $243.29 with a high estimate of $301.15 and a low estimate of $171.60. The average target implies a downside of -5.28% from the current price of $256.85. Based on GuruFocus estimates, the estimated GF Value for Broadcom Inc in one year is $150.22, suggesting a downside of -41.51% from the current price of $256.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the Forecast page. This article first appeared on GuruFocus.
Yahoo
20-05-2025
- Business
- Yahoo
AMD Sells ZT Fab Unit, Bolsters AI Talent to Challenge Nvidia
AMD (NASDAQ:AMD) offloads ZT Systems' manufacturing arm for $3 billion while snapping up its 1,200-strong engineering team to sharpen its edge against Nvidia (NASDAQ:NVDA) in the data-center GPU race. Warning! GuruFocus has detected 4 Warning Signs with AMD. Citi Research analysts, led by Christopher Danely, note that last August's $4.6 billion ZT deal has been split: Sanmina will acquire the factory business for $2.55 billion in cash and stock plus $450 million in earn-outs, while AMD retains the engineers for roughly $1.6 billionabout $1.33 million apieceto accelerate hyperscaler deployments and bolster system-level expertise. Danely argues that additional system experience and faster deployment times should help AMD close the gap on Nvidia's market share. Under the agreement, Sanmina becomes AMD's preferred manufacturing partner for cloud-rack and cluster-scale AI solutions, reflecting a strategic pivot from in-house production to a fab-lite model. The transaction, expected to close near year-end 2025, underscores AMD's focus on high-margin chip design over capital-intensive fabs. Citi kept its Neutral rating and $100 price target on AMD, highlighting the balance between near-term dilution from the $1.6 billion engineering buyout and long-term gains from faster product rollouts. AMD, which derives roughly 30% of sales from PCs, faces stiff competition not only from Nvidia in AI GPUs but also from Intel (NASDAQ:INTC) in data-center CPUs. By beefing up its in-house design team and offloading manufacturing risk, AMD aims to streamline R&D investment and speed time to market for MI300 and future MI400 data-center accelerators. Why It Matters: Retaining ZT's engineering talent while outsourcing production could deliver faster hyperscaler deployments and help AMD narrow the performance and deployment gap with Nvidia's entrenched data-center GPU ecosystem. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Micron (MU) Stock Gets Buy Rating on AI Demand Surge
We recently published a list of . In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other AI stocks on Wall Street's radar. Days after the Biden-era rule on AI chips export was rescinded, a bipartisan group of eight U.S. lawmakers has now introduced a bill requiring makers of artificial intelligence chips to include technology that verifies the location of their chips before exporting them. Introduced in the U.S. House of Representatives, the Chip Security Act will aim to address reports of U.S. export-controlled AI chips being smuggled into China. The bill comes shortly after US President Donald Trump began his tour of the Middle East this week, announcing several deals that will send AI chips to countries in the Middle East. This has been despite growing opposition from some inside the US government. READ NEXT: and 'In order for the United States to maintain our technological advantage, we must employ safeguards to help ensure export controls are not being circumvented, allowing these advanced AI chips to fall into the hands of nefarious actors.' For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up view of a computer motherboard with integrated semiconductor Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide. On May 15, Christopher Danely from Citi maintained a 'Buy' rating on the stock with a price target of $110.00. A few days prior, J.P. Morgan analyst Harlan Sur maintained their bullish stance on the stock, giving a Buy rating on April 30. Sur's buy rating stems from Micron's strong growth potential and robust market position. In particular, the demand for its DRAM and NAND products is a strong catalyst in the datacenter sector. A pricing inflection has also been observed, which is pointing to favorable market conditions. The company is also witnessing strong demand for its high-bandwidth memory (HBM) and datacenter SSD products, crucial for AI and accelerated computing applications. Micron's technology and manufacturing advancements are also progressing well, reflecting upon its efficient execution and cost management. Overall, MU ranks 6th on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of MU 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 MU and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . 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
