Latest news with #JohnVinh
Yahoo
2 days ago
- Business
- Yahoo
3 AI chip stocks that are best positioned right now
With chipmaker stocks in focus on recent news like Trump's Nvidia deal and Intel CEO Lip-Bu Tan's White House meeting, KeyBanc Capital Markets equity research analyst John Vinh shares his top AI chip plays for the near term. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Well, chips are in focus after a strong year for AI driven demand with investors now looking ahead to earnings from Nvidia and watching Intel as it works to regain its competitive footing. Joining us now is John Vinh, Equity Research Analyst at KeyBanc Capital Markets. John, thanks for being here. As we know, the AI story is still front and center, but taking a step back, how should investors be positioning for it right now? And is upside still mostly in the Mac 7 or are you seeing pockets of opportunity elsewhere? Yeah, I cover the semiconductor industry and I I think the three names right now in the near to medium term that are best positioned for AI demand is going to be um Nvidia, Broadcom, and AMD. You know, Nvidia, obviously, kind of the bellwether. They've got a clear lead on the space. No one's even close to them. They just dominate the space. They're ramping kind of their new server rack platform called GB200, also called Blackwell. They're also on the verge of also ramping Blackwell through the back half and that's only going to further extend their lead. Uh if I think about Broadcom, they are kind of your play on custom AI silicon. More and more hyperscalers, like Google uh with their TPU franchise, uh that's going to be kind of the key tailwind for them into the back half of the year. And then AMD is kind of your up and comer, right? They they started at a really small market share position. They're launching their latest AI GPU, the MI355. That's going to drive significant upward estimate revisions in the second half and drive outside growth for them. So those are my three favorite plays right now uh heading into earnings.
Yahoo
3 days ago
- Business
- Yahoo
3 AI chip stocks that are best positioned right now
With chipmaker stocks in focus on recent news like Trump's Nvidia deal and Intel CEO Lip-Bu Tan's White House meeting, KeyBanc Capital Markets equity research analyst John Vinh shares his top AI chip plays for the near term. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Well, chips are in focus after a strong year for AI driven demand with investors now looking ahead to earnings from Nvidia and watching Intel as it works to regain its competitive footing. Joining us now is John Vinh, Equity Research Analyst at KeyBanc Capital Markets. John, thanks for being here. As we know, the AI story is still front and center, but taking a step back, how should investors be positioning for it right now? And is upside still mostly in the Mac 7 or are you seeing pockets of opportunity elsewhere? Yeah, I cover the semiconductor industry and I I think the three names right now in the near to medium term that are best positioned for AI demand is going to be um Nvidia, Broadcom, and AMD. You know, Nvidia, obviously, kind of the bellwether. They've got a clear lead on the space. No one's even close to them. They just dominate the space. They're ramping kind of their new server rack platform called GB200, also called Blackwell. They're also on the verge of also ramping Blackwell through the back half and that's only going to further extend their lead. Uh if I think about Broadcom, they are kind of your play on custom AI silicon. More and more hyperscalers, like Google uh with their TPU franchise, uh that's going to be kind of the key tailwind for them into the back half of the year. And then AMD is kind of your up and comer, right? They they started at a really small market share position. They're launching their latest AI GPU, the MI355. That's going to drive significant upward estimate revisions in the second half and drive outside growth for them. So those are my three favorite plays right now uh heading into earnings. Related Videos Can megacaps keep rising? Here's what valuation metrics tell us ComfortDelGro CEO on Expansion Plans What Drove Chinese Lidar Maker Hesai's Robust 2Q Results Fed rate cut hopes, crypto rally stalls: Market takeaways Sign in to access your portfolio
Bloomberg
08-08-2025
- Business
- Bloomberg
Bloomberg Surveillance TV: August 8th, 2025
- Savita Subramanian, Head: US Equity & Quantitative Strategy at Bank of America - Bruce Hirsh, former Chief International Trade Counsel at the US Senate Finance Committee - John Vinh, Equity Research Analyst at Keybanc - Collin Martin, Fixed Income Strategist at Charles Schwab Savita Subramanian, Head: US Equity & Quantitative Strategy at Bank of America, discusses the equity bull case and her S&P 500 target. Bruce Hirsh, former Chief International Trade Counsel at the US Senate Finance Committee, discusses the Trump administration's tariff strategy and outlook for US trade. John Vinh, Equity Research Analyst at Keybanc, talks about Intel after President Trump called on their CEO to resign. Collin Martin, Fixed Income Strategist at Charles Schwab, discusses how the bond market is pricing in recent economic data.
Business Insider
27-06-2025
- Business
- Business Insider
Micron Stock Just Got a Massive Forecast Boost; Here's Why $145 Might Still Be Conservative
Wall Street is finally catching up to what investors betting on AI infrastructure already knew: Micron (MU) is not just back, it's breaking records. Stifel just raised its price target to $145 from $130 following a monster earnings print and a rosy outlook, joining a chorus of firms that now see Micron as a core beneficiary of the AI memory boom. Confident Investing Starts Here: The new target implies nearly 14% upside from current levels, but some analysts say that still doesn't price in the full story. Record Revenue. HBM Frenzy. And More to Come. Micron's Fiscal Q3 revenue hit $9.3 billion, handily beating expectations of $8.84 billion and marking a sharp leap from $8.05 billion last quarter, and $6.81 billion the year before. DRAM revenue reached all-time highs, HBM demand nearly doubled quarter-over-quarter, and the company is forecasting Q4 revenue of $10.7 billion. Yes, $10.7 billion. That would be up 15% sequentially, a jaw-dropping figure for a chipmaker in what's historically been a cyclical memory game. But this isn't just another cycle. We're in an AI boom, and Micron is one of the frontrunners with the kind of product mix Wall Street loves. HBM, the high-bandwidth memory that powers AI models at data centers, is a standout. Even DRAM for consumer devices saw sequential strength, signaling broad-based momentum. Analysts Raise Price Targets for Micron Stock Stifel wasn't the only one to take notice. Piper Sandler's Harsh Kumar bumped the target to $165. KeyBanc's John Vinh followed at $160. Raymond James analyst Srini Pajjuri lifted his to $150. And Barclays' Tom O'Malley made one of the boldest moves of the bunch, hiking his price target to $140 from just $95. Yes, that's a $45 jump in one shot. Why the optimism? Analysts see three overlapping catalysts: AI-driven infrastructure spend: HBM is the 'picks and shovels' trade in the AI gold rush. Margin strength: Micron guided for 42% gross margins next quarter, well ahead of expectations. Product mix shift: Higher-value chips are gaining share — a margin tailwind into year-end. Even with shares up 50% year-to-date, bulls argue the valuation still lags the growth trajectory. HBM4 and U.S. Investment Ramp-Up Micron just began shipping its HBM4 chips, the next-gen memory for cloud AI, and announced plans to invest an additional $30 billion in U.S. manufacturing and R&D. That brings its total U.S. commitment close to $200 billion. Gone are the days of Micron as a basic memory supplier. It's now a core player in AI infrastructure, armed with capital, demand, and direction. Micron's Run Is Not Over If you think Micron's run is done, check your assumptions. What looked like a cyclical rebound last year has turned into a structural shift. From Nvidia's GPUs to AMD's accelerators, every AI model needs memory that is fast, stacked, and power-efficient. Micron is one of the few players delivering that at scale. Micron might be a memory company by name. But in 2025, memory is the trade. Is Micron a Good Stock to Buy Today? According to TipRanks data, Micron (MU) holds a 'Strong Buy' rating based on 16 analyst reviews over the past three months. 14 analysts rate it a Buy, two say Hold, and none recommend a Sell. The average 12-month MU price target sits at $135.81, suggesting a 6.7% upside from the current price of $127.25.
Yahoo
27-05-2025
- Business
- Yahoo
Why this Nvidia bull is 'anxious' ahead of earnings
Chipmakers are in focus ahead of Nvidia's (NVDA) earnings report, set to be released on Wednesday. KeyBanc Capital Markets equity research analyst John Vinh and Harvest Portfolio Management chief investment officer Paul Meeks join Morning Brief to examine the chipmaker space and discuss what to expect from Nvidia earnings. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Nvidia results do out Wednesday, they're going to offer some of the latest read on demand for semiconductors and the AI trade on Wall Street. But is Nvidia the only name in the game or is competition heating up? Joining us now, we've got Paul Meeks, CIO for Harvest Portfolio Management and John Vinh, Equity Research analyst for Key Bank Capital Markets, who has an overweight rating on Nvidia and a $190 price target. Great to have both of you here with us. John, I just want to start with you. Can Nvidia maintain its lead against rival chip makers? Yes, um, in the near to medium term, absolutely. They are ramping a new architecture called Blackwell, GB200, NVL 72. Um, you know, obviously there's some supply constraints related to the ramp, but it's a hardware plus GPU chip based solution that also integrates the the GPU into the CPU, which gives them a significant performance advantage over the competition. You know, the competition does have a roadmap that is expected to follow suit, but they're at least a year behind at this point. And Paul, I want to get you to weigh in on this too. Do you think that Nvidia retains its dominance, and if so, for for what period of time? I think that they will, and I agree that the manufacturing lead is at least a year, maybe longer. But as I think about what this company is going to say on Wednesday, I must say, particularly with the rebound that the stock has had all the way back to 134 with the all-time high being 150-ish, I'm a little bit worried that although they will most likely not just meet but beat slightly, will that be enough to appease Wall Street? And remember, part of the thesis here was their revenues were going to rapidly reaccelerate in the second half of this year. With all the geopolitical turbulence, I don't know if that's the case. And so what I do is I hold my stock, it's still my biggest position, but I am a little bit anxious going into this report. Just to follow on that, Paul, what would you what would you need to see from a chip that actually appeals and appeases some of the requirements now in place, especially as Nvidia is planning for this China specific AI chip that might be a little cheaper? So I'm glad that they have that chip because if it is allowed to pass through the sensors, I.e. the regulators, then that's a good thing. It's better to have some revenue at whatever gross margin versus none. But I need to see the company guide to revenue acceleration and also, are we at the trough of the gross margin hit? They took a gross margin hit due to ramping up manufacturing. All semiconductor companies do that. But I'm now thinking that the hit to gross margins might be pushed another quarter out. These are all transitory issues. They are not long-term or secular issues. So I still like it long-term, but those are some of my near-term concerns, Brett. And John, I want to get you to weigh in as well on this idea that Nvidia is developing some kind of alternative that it will be able to sell in China. Um, do you think we'll get news about that more specifically tomorrow? And if so, how much revenue do you think they can recoup? Yeah, I think we'll get some color on the call. Obviously, it's going to be a key focus on the call in terms of, you know, what's happening within China. Uh, so we do think that they are working on another China compliant chip. This uh, this new chip does not use high bandwidth memory, so there should not be any sort of regulatory issues with it. I mean, this chip is effectively similar to a workstation chip. Um, the issue is it's not going to fully make them whole and backfill. If you look at the $5.5 billion write off, it roughly translates into a $12 billion headwind. We think with the lower ASPs on this new chip, they can probably backfill 8 of that 12 billion at this point. And so as you're thinking going forward here, the most investible AI play is, is it still Nvidia or and I ask that specifically, John, thinking about how far we've run thus far? Or is there another semiconductor play that has larger upside potential at this point, even though Nvidia has been the poster child? Yeah, I don't think it's an either or decision at this point, but our favorite AI plays right now are going to be Nvidia and Broadcom. Right. Thematically, if you think about Nvidia, they're clearly the leader on the merchant AI chip side. Um, Broadcom is the leader on the custom AI silicon side, right? Obviously, their big customer there is Google with the TPU franchise and you know, at this point, you know, you're seeing both uh, both types of chips get significant amount of capex spend devoted behind them in terms of spending. So, and they're clearly the two leaders in the space at this point. Um, Paul, I think John brings up an interesting point, which is that it's not necessarily zero sum, right? Even though Nvidia has been very dominant, you know, how much room is there for other players to also do very well? And more to the point, to be a good buy right now? Well, I think there's a lot of room for players to be great, but the problem is, can you execute to close that what I think is about a year and a half of manufacturing gap. And so the demand will be there, the demand will be voracious, and I do think AMD will ramp up and be a strong number two player, but as I start to winnow down my AI hardware and semiconductor bets, I still come to, as John said, Broadcom, Nvidia, then I would add for my big three Taiwan Semiconductor. John, Paul, thank you so much. I know that you guys will be watching those numbers very closely tomorrow afternoon, as will we. Really appreciate it. Thank you. Great, thanks for having us. 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
