Latest news with #JosephMoore
Yahoo
3 days ago
- Business
- Yahoo
Morgan Stanley Lowers PT on Marvell (MRVL) Stock, Keeps Equal Weight Rating
On May 27, Morgan Stanley lowered its price target on Marvell Technology, Inc. (NASDAQ:MRVL) from $90 to $70, keeping an Equal Weight rating on the shares. Joseph Moore from Morgan Stanley downgraded the price target on MRVL after the company revised its revenue guidance for the upcoming Q1 FY2026 report on May 29. Marvell Technology reiterated its revenue guidance, lowering the range to $1.85 billion +/- 2%, compared to the previous guidance of +/- 5% growth. A data center filled with the latest servers and networking equipment representing the company's cutting edge security infrastructure. Moore sees this pre-announcement ahead of the earnings call as 'somewhat disappointing' considering the ongoing positivity from the Trainium supply chain, strength in optical, and a projected rebound in conventional networking/communications infrastructure. Marvell's mid-point quarterly guidance update comes amidst a challenging macroeconomic climate, which has led the company to postpone its Investor Day, initially scheduled for June 10, to an undetermined date in 2026. However, the company remains positive about its development in the custom AI silicon sector and has scheduled a webinar to discuss the technical areas in the sector. The webinar conference will be held on June 17, from 10:00 am to 12:00 pm PT. Marvell Technology, Inc. (NASDAQ:MRVL) is a leading supplier of data infrastructure semiconductor solutions, ranging from the data center core to the network edge. The company is engaged in the design, development, and marketing of integrated circuits (ICs). Marvell's product solutions serve five end markets, including data center, carrier infrastructure, enterprise networking, consumer, and automotive. While we acknowledge the potential of MRVL to grow, 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 MRVL and that has 100x upside potential, check out our report about this cheapest 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
3 days ago
- Business
- Yahoo
Morgan Stanley Lowers PT on Marvell (MRVL) Stock, Keeps Equal Weight Rating
On May 27, Morgan Stanley lowered its price target on Marvell Technology, Inc. (NASDAQ:MRVL) from $90 to $70, keeping an Equal Weight rating on the shares. Joseph Moore from Morgan Stanley downgraded the price target on MRVL after the company revised its revenue guidance for the upcoming Q1 FY2026 report on May 29. Marvell Technology reiterated its revenue guidance, lowering the range to $1.85 billion +/- 2%, compared to the previous guidance of +/- 5% growth. A data center filled with the latest servers and networking equipment representing the company's cutting edge security infrastructure. Moore sees this pre-announcement ahead of the earnings call as 'somewhat disappointing' considering the ongoing positivity from the Trainium supply chain, strength in optical, and a projected rebound in conventional networking/communications infrastructure. Marvell's mid-point quarterly guidance update comes amidst a challenging macroeconomic climate, which has led the company to postpone its Investor Day, initially scheduled for June 10, to an undetermined date in 2026. However, the company remains positive about its development in the custom AI silicon sector and has scheduled a webinar to discuss the technical areas in the sector. The webinar conference will be held on June 17, from 10:00 am to 12:00 pm PT. Marvell Technology, Inc. (NASDAQ:MRVL) is a leading supplier of data infrastructure semiconductor solutions, ranging from the data center core to the network edge. The company is engaged in the design, development, and marketing of integrated circuits (ICs). Marvell's product solutions serve five end markets, including data center, carrier infrastructure, enterprise networking, consumer, and automotive. While we acknowledge the potential of MRVL to grow, 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 MRVL and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Sign in to access your portfolio
CNBC
3 days ago
- Business
- CNBC
Nvidia is due to post earnings after the bell. What analysts are saying ahead of the report
The bullish thesis on Nvidia remains in place ahead of earnings, but analysts have questions about the company's path forward. The tech giant is due to post fiscal first quarter results after the bell. Analysts polled by LSEG expect the chipmaker to report adjusted earnings of 93 cents per share on $43.28 billion in revenue for the quarter that ended in April. Those figures signal year-over-year earnings and revenue growth of 52% and 62%, respectively. Analysts will look for clues on how China restrictions are impacting sales — and whether the AI demand that's powered markets in recent years remains strong. Nvidia has said it would take a $5.5 billion charge in the quarter tied to these restrictions. CEO Jensen Huang also noted that the policies have slashed the company's China market share from 95% to 50%. Still, shares have jumped more than 24% over the past month, as announcements from key hyperscalers have revived the excitement around AI. Alphabet's Google last week announced several new AI-powered tools at its I/O developer conference and Microsoft launched its Claude 4 AI model . And while the stock remains below its January record, analysts polled by LSEG think Nvidia has room to run. The consensus price target suggests roughly 21% upside ahead. Of the 64 analysts covering Nvidia, 56 have a strong buy or buy rating on shares, per LSEG. Take a look at what some major analysts have to say ahead of earnings: Morgan Stanley: remains overweight and $160 price target Analyst Joseph Moore advised clients continue buying the stock for the long haul ahead of the report. His $160 price target suggests 18% potential upside. "Sell side does not appear to have universally modeled the impact of H20 ban, so there is some downside potential vs. stale consensus. But if mgmt is convincing that supply of racks and non rack Blackwell is improving, and that there is 2h acceleration, it should not matter," Moore wrote in a Tuesday note. Deutsche Bank: maintains hold rating and $125 price target Analyst Ross Seymore likes Nvidia but thinks its overvalued high after its recent run-up over the past month. He still expects the company to deliver a revenue beat, driven by growth in Blackwell and Hopper GPUs with potential for upside if China-driven demand was larger-than-expected before the H20 ban. "Overall, while geopolitical concerns appear to have lessened and we continue to see NVDA as the undisputed leader in AI processing/ enablement, we believe much of this goodness is fairly reflected in NVDA's share price," Seymore wrote in a May 21 note. Bank of America: maintains buy rating and $160 price target Analyst Vivek Arya warned of a "risk of messy Q2 guide" and said that, depending on Nvidia's original timing of its China shipments, the disconnect between consensus estimates on lost sales and investors' expectations could be magnified. "Despite these near-term headwinds we maintain Buy on NVDA, a top sector pick given its unique leverage to the global AI deployment cycle, and possibility for China sales recovery on new redesigned/compliant products later in the year," Arya said in his recent note to clients. Wolfe Research: keeps outperform rating and $150 price target Analyst Chris Caso's price target signals upside of 10% from Tuesday's close. "What's important is that we strongly believe the rack issues are temporary (and improving), while the demand trends are secular and durable," Caso said. "Since the stock has recovered heading into the report, and we're not expecting upside, we don't consider this quarter's guidance to be a catalyst. We also can't rule out a speed bump due to slower rack production. But there's also little question that there's more than adequate demand for Blackwell, as evidenced by customers' capex commentary, and the need for inference capacity to drive reasoning models ... NVDA remains one of our favorite ideas. Oppenheimer: keeps outperform rating, $175 price target Analyst Rick Schafer's price target suggests roughly 29.2% potential upside for Nvidia, one of the more bullish forecasts on the Street. "We see upside F1Q (Apr) results and a roughly in-line F2Q (Jul) outlook, despite the loss of H20 sales to China following US govt restrictions. China is now < 5% of sales. Production of flagship GB200 rack-scale systems appears to have moved past their initial "growing pains," he wrote in a note. "NVDA remains best positioned in AI, in our view, benefiting from full-stack AI hardware/software and unique rack-level approach." Piper Sandler: maintains overweight and $150 price target Analyst Harsh Kumar said he's "looking for tea leaves for a strong back half of the year" rather than putting up high expectations for Nvidia's latest quarter. This upcoming print is likely the last of negative news for Nvidia this year, he said. "All in all, we think that NVDA is poised to be flat to down into the print this week. We think that April quarter is poised for a miss in revenues largely from macro uncertainty and from the H20 ban ... We note that for the most part the factors resulting in a miss are outside the company's control. Despite this, we see a strong back half of the year given HPC capex coming on strong coupled with macro forces improving driven by sovereign investments following the announcements of several large deals over recent weeks. We advise investors to weather the uncertainty and stay long the stock," he said in a Tuesday note to clients.
Yahoo
3 days ago
- Business
- Yahoo
Nvidia's H20 China Ban May Skew Earnings Estimates
Nvidia (NASDAQ:NVDA) may be flying blind on its H20 GPU ban's impact, Morgan Stanley warns. Analyst Joseph Moore argues that Wall Street's consensus forecasts for Q2 and Q3 revenue$42 billion in April and $43.5 billion in Julydon't fully account for the newly required export license on H20 chips to China. He pegs April's H20 sales at $5 billion, which would leave $37 billion of non-H20 revenue, in line with prior trends. Warning! GuruFocus has detected 4 Warning Signs with NVDA. By contrast, the $47 billion consensus would imply non-H20 growth of over 30% quarter-over-quarterpossible but unlikely, Moore says, adding that we aren't sure why consensus is not modelling it properly. Still, Moore retains an Overweight rating and $160 target on NVDA, pointing to fresh channel checks showing full-year rack forecasts rising by over 50%. He also highlights unprecedented explosive token growth from hyperscalersMicrosoft (NASDAQ:MSFT), (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG)driving unexpected GPU inference demand. This isn't about speculative training clusters, Moore notes. It's proof that models are generating revenue, mitigating concerns that Nvidia's growth is all VC-driven. Investors should care because if consensus hasn't baked in the H20 licensing drag, Q1 results reported tomorrow could surprise on the downsideor, if channel checks hold, reinforce Nvidia's AI dominance. With NVDA due to report fiscal Q1 results after market close on May 28, markets will be watching both the revenue beat/miss and management's commentary on H20 exports and inference-driven demand. 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
3 days ago
- Business
- Yahoo
Nvidia's H20 China Ban May Skew Earnings Estimates
Nvidia (NASDAQ:NVDA) may be flying blind on its H20 GPU ban's impact, Morgan Stanley warns. Analyst Joseph Moore argues that Wall Street's consensus forecasts for Q2 and Q3 revenue$42 billion in April and $43.5 billion in Julydon't fully account for the newly required export license on H20 chips to China. He pegs April's H20 sales at $5 billion, which would leave $37 billion of non-H20 revenue, in line with prior trends. Warning! GuruFocus has detected 4 Warning Signs with NVDA. By contrast, the $47 billion consensus would imply non-H20 growth of over 30% quarter-over-quarterpossible but unlikely, Moore says, adding that we aren't sure why consensus is not modelling it properly. Still, Moore retains an Overweight rating and $160 target on NVDA, pointing to fresh channel checks showing full-year rack forecasts rising by over 50%. He also highlights unprecedented explosive token growth from hyperscalersMicrosoft (NASDAQ:MSFT), (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG)driving unexpected GPU inference demand. This isn't about speculative training clusters, Moore notes. It's proof that models are generating revenue, mitigating concerns that Nvidia's growth is all VC-driven. Investors should care because if consensus hasn't baked in the H20 licensing drag, Q1 results reported tomorrow could surprise on the downsideor, if channel checks hold, reinforce Nvidia's AI dominance. With NVDA due to report fiscal Q1 results after market close on May 28, markets will be watching both the revenue beat/miss and management's commentary on H20 exports and inference-driven demand. This article first appeared on GuruFocus. Sign in to access your portfolio
