Latest news with #Danely
Yahoo
12 hours ago
- Business
- Yahoo
Citi Sees Micron (MU) Climbing to $130 Supported by Better DRAM Pricing
Micron Technology Inc. (NASDAQ:MU) is one of the right now. On June 9, Citi analyst Christopher Danely reaffirmed his Buy rating on Micron and raised the stock's price target to $130 from the previous $110. Danely's outlook is driven by expectations of stronger DRAM pricing, which he believes will surpass initial projections. He now anticipates a quarterly price increase of at least 5%, well above the earlier forecast of 2%. This upward trend in pricing is expected to support Micron's revenue and earnings growth over the coming quarters. An automated manufacturing production line of semiconductor components on an assembly line. In response to these improving market conditions, Danely has revised his financial estimates for the company and now projects stronger sales and higher EPS for fiscal years 2025 and 2026. These higher estimates have resulted in an increase in price target. Although tariff-related developments have subsided, geopolitical tensions remain high. On June 9, Reuters reported that Chinese memory chipmaker Yangtze Memory Technologies (YMTC) filed a lawsuit in Washington, accusing Micron Technology Inc. (NASDAQ:MU) of orchestrating a disinformation campaign. The lawsuit claims Micron falsely portrayed YMTC's chips as containing spyware and posing a national security threat. Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and markets memory and storage products, including dynamic random-access memory (DRAM), flash memory (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally. While we acknowledge the potential of MU 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
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
Globe and Mail
02-05-2025
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: Qualcomm (QCOM), Robinhood Markets (HOOD) and Microsoft (MSFT)
Analysts have been eager to weigh in on the Technology sector with new ratings on Qualcomm (QCOM – Research Report), Robinhood Markets (HOOD – Research Report) and Microsoft (MSFT – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Qualcomm (QCOM) Citi analyst Christopher Danely maintained a Hold rating on Qualcomm today and set a price target of $145.00. The company's shares closed last Wednesday at $148.46. According to Danely is a 4-star analyst with an average return of 3.7% and a 53.1% success rate. Danely covers the Technology sector, focusing on stocks such as Advanced Micro Devices, GlobalFoundries Inc, and NXP Semiconductors. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qualcomm with a $196.65 average price target, representing a 35.4% upside. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock. Robinhood Markets (HOOD) Citi analyst Christopher Allen maintained a Hold rating on Robinhood Markets today and set a price target of $50.00. The company's shares closed last Wednesday at $49.11. According to Allen is a top 100 analyst with an average return of 24.2% and a 77.0% success rate. Allen covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Apollo Global Management, and Raymond James Financial. ;'> Currently, the analyst consensus on Robinhood Markets is a Moderate Buy with an average price target of $61.82, implying a 33.2% upside from current levels. In a report issued on April 28, J.P. Morgan also maintained a Hold rating on the stock with a $44.00 price target. Microsoft (MSFT) In a report released today, Tyler Radke from Citi maintained a Buy rating on Microsoft, with a price target of $480.00. The company's shares closed last Wednesday at $395.26. According to Radke is a 4-star analyst with an average return of 2.9% and a 46.2% success rate. Radke covers the Technology sector, focusing on stocks such as Zoom Video Communications, CoreWeave, Inc. Class A, and Palantir Technologies. ;'> Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $484.00, representing a 24.0% upside. In a report issued on April 16, TD Cowen also maintained a Buy rating on the stock with a $475.00 price target.
Yahoo
20-03-2025
- Business
- Yahoo
Micron Earnings Boost Expected as Nvidia Expands HBM Usage
March 20 - Citi analysts predict positive effects on Micron Technology (MU, Financial) because Nvidia (NVDA, Financial) planned to increase high-bandwidth memory usage within its next GPU lineup. The new Rubin chip contains 288GB of HBM4 DRAM which exceeds the Blackwell generation by 50%, as Citi analyst Christopher Danely pointed out in his client note. The upgraded HBM technology brings positive news to Micron since its gross margin average reached 70%, he said further. Warning! GuruFocus has detected 3 Warning Sign with MU. Moreover, a research firm, TrendForce, also increased Micron DRAM price expectations for the second quarter because inventory management has improved which will lead to 3% to 8% sequential price growth. The analyst Danely stated that these market trends create positive conditions for price increases beginning in Q2 2025. Analysts project Micron Technologies to release its quarterly earnings at $1.42 per share while forecasting revenues to reach $7.9 billion today after market hours. The semiconductor sector holds its attention on Micron as the company is about to report its Q2 results which might accelerate market gains even further. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
20-03-2025
- Business
- Yahoo
Citi lists key takeaways for chip sector from Nvidia's AI day
-- During the much-anticipated keynote at the GPU Technology Conference (GTC), Nvidia (NASDAQ:NVDA) CEO Jen-Hsun Huang announced a slate of upcoming product launches, including the next-generation graphics architectures: Blackwell Ultra and Vera Rubin. In a Thursday note to clients, a Citi analyst has parsed the announcements, focusing on how Nvidia's announcements could affect other players in the chip sector. The introduction of Nvidia's Future Rubin GPU, which boasts 50% more High Bandwidth (NASDAQ:BAND) Memory (HBM) DRAM than the current Blackwell generation, is seen as a positive development for memory AI chipmaker Micron Technology (NASDAQ:MU). 'The new Rubin chip will contain 288GB of HBM4 DRAM, 50% more content compared to the current Blackwell generation,' Citi analyst Christopher Danely said in a note. 'We believe this is good news for Micron as we believe Micron's HBM gross margins is roughly 70%.' TrendForce, an independent research firm, has revised its Q2 2025 DRAM price forecast from a 0% quarter-over-quarter change to an increase of 3%-8%. This adjustment is based on improved inventory dynamics, which Danely views as further good news for Micron, reinforcing the expectation of improved pricing starting in the second quarter of 2025. Nvidia also announced its co-packaged optics (CPO) technology, a next-generation networking solution. However, Danely does not anticipate this will impact Broadcom (NASDAQ:AVGO), a leader in the networking segment, as the company had already launched similar technology in March 2024, and Nvidia's CPO is not expected to be available until the second half of 2026. What's more, Broadcom is expected to continue benefiting from the industry's diversification away from Nvidia, the analyst said. With hyperscalers increasingly developing their custom accelerator chips to optimize total cost of ownership and reduce dependence on Nvidia, Broadcom's custom ASICs, which are significantly more cost-effective per application, are expected to capture around 25% revenue share of the $380 billion AI accelerator total addressable market (TAM) by 2028, with GPUs accounting for the remaining 75%. Danely also notes that Nvidia's advancements in the data center market could have a mildly negative impact on traditional server providers like Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD). 'Nvidia stated that enterprises will need to update their hardware and they are 50% of the world's data center capex,' he noted. 'We continue to believe that more of the data center market will shift towards Nvidia and accelerated computing. We believe this is a mild negative for traditional server providers such as AMD and INTC." Related Articles Citi lists key takeaways for chip sector from Nvidia's AI day Accenture earnings beat, revenue topped estimates Beacon Roofing agrees to $11 billion QXO buyout, ending takeover battle
