Latest news with #MarkLi
Globe and Mail
a day ago
- Business
- Globe and Mail
TSMC (TSM): New Buy Recommendation for This Technology Giant
Bernstein analyst Mark Li reiterated a Buy rating on TSMC today and set a price target of $249.00. The company's shares closed today at $238.88. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Li is a 5-star analyst with an average return of 26.5% and a 67.57% success rate. Li covers the Technology sector, focusing on stocks such as Micron, TSMC, and United Micro. TSMC has an analyst consensus of Strong Buy, with a price target consensus of $269.00, which is a 12.61% upside from current levels. In a report released on August 13, Bank of America Securities also reiterated a Buy rating on the stock with a $290.00 price target. The company has a one-year high of $248.28 and a one-year low of $134.25. Currently, TSMC has an average volume of 11.21M.
Business Times
08-07-2025
- Business
- Business Times
Samsung posts first profit drop since 2023 after AI chip delays
[SEOUL] Samsung Electronics' profit shrank more than expected after encountering hiccups in plans to sell cutting-edge artificial intelligence (AI) memory to Nvidia. South Korea's largest company reported preliminary operating profit of 4.6 trillion won (S$4.3 billion) in the June quarter, a roughly 56 per cent drop from a year ago and its first profit decline in more than a year. Analysts on average had projected a 41 per cent decline. Inventory-related costs contributed to the drop, Samsung said. Revenue stood at 74 trillion won. Samsung will provide a full financial statement with net income and divisional breakdowns later this month. Samsung has been struggling to regain its footing in high-bandwidth memory (HBM) chips, which are critical for powering Nvidia's AI accelerators. The company has yet to secure certification from Nvidia for its most advanced product, the 12-layer HBM3E, creating an unusually long lead time for rival SK Hynix in the highly lucrative space. Meanwhile, US competitor Micron Technology has been rapidly advancing to stake its own claim. Analysts polled by Bloomberg News prior to the preliminary earnings release expected Samsung's chip division to post an operating profit of 2.7 trillion won in the second quarter, up from 1.1 trillion in the prior quarter but still significantly lower than 6.5 trillion won a year earlier. In April, Samsung signalled a better outlook, saying it shipped enhanced HBM3E samples to major customers and expected that product line to contribute to revenue in the second quarter. The company also said it plans to begin mass production of HBM4 chips in the second half of the year. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Samsung is fighting to catch up to SK Hynix, which has aggressively positioned itself as Nvidia's primary HBM4 supplier. It shipped the world's first 12-layer HBM4 samples to customers ahead of schedule, followed by Micron in June, while Samsung has had to revise its 12-layer HBM3E design. Samsung secured an order from Advanced Micro Devices, joining Micron as a supplier, according to a June release. But its failure to win early certification for HBM3E chips from Nvidia – the dominant maker of AI-supporting graphics processing units – is hurting its attempts to take significant market share. Bernstein analysts led by Mark Li, who had previously expected Samsung's 12-layer HBM3E would be qualified by Nvidia in the second quarter, trimmed their forecast for Samsung's HBM market share, saying they now expect certification in the third quarter. 'Samsung will gradually narrow the gap vs rivals,' they wrote in a Jun 23 research note. 'We forecast SK Hynix remains the leader in 2027, but with others catching up and SK Hynix's edge eroding, the shares held by suppliers will be more similarly distributed than now.' Bernstein estimates SK Hynix holds 57 per cent of the HBM market in 2025, followed by Samsung at 27 per cent and Micron at 16 per cent. At its annual shareholder meeting in March, Samsung vowed to strengthen its position in the HBM market this year, responding to concerns over its underperformance in AI. Jun Young-hyun, head of Samsung's chip business, said that Samsung's failure to secure an early lead in the HBM market contributed to it lagging behind rival SK Hynix and pledged not to repeat the mistake with HBM4. The next-generation memory is expected to be used in Nvidia's Rubin GPU architecture. 'While uncertainties remain around the timeline for quality certification, we see no indication of a strategy shift and believe the company is on track for a 3Q2025 market launch,' Daishin Securities analyst Ryu Hyung-keun wrote in a recent research report. BLOOMBERG
Mint
07-07-2025
- Business
- Mint
Samsung Profit Halves on US Chip Curbs, AI Memory Delays
Samsung Electronics Co.'s profit fell for the first time since 2023, hurt by US curbs on China-bound AI chips and hiccups in its plans to sell cutting-edge memory to Nvidia Corp. South Korea's largest company reported preliminary operating profit of 4.6 trillion won in the June quarter, a roughly 56% drop from a year ago. Analysts on average had projected a 41% decline. Revenue stood at 74 trillion won. One-time inventory-related costs contributed to the drop, and customer evaluation and shipments of its advanced memory products are proceeding, Samsung said in a statement. Operating losses in its contract chipmaking business are expected to narrow in the second half of the year on a gradual recovery in demand, Samsung said. The company will provide a full financial statement with net income and divisional breakdowns later this month. Samsung has been struggling to regain its footing in high-bandwidth memory chips, which are critical for powering Nvidia's AI accelerators. The company has yet to secure certification from Nvidia for its most advanced product — the 12-layer HBM3E — creating an unusually long lead time for rival SK Hynix Inc. in the highly lucrative space. Meanwhile, US competitor Micron Technology Inc. has been rapidly advancing to stake its own claim. Analysts polled by Bloomberg News prior to the preliminary earnings release expected Samsung's chip division to post an operating profit of 2.7 trillion won in the second quarter, up from 1.1 trillion in the prior quarter but still significantly lower than 6.5 trillion won a year earlier. In April, Samsung signaled a better outlook, saying it shipped enhanced HBM3E samples to major customers and expected that product line to contribute to revenue in the second quarter. The company also said it plans to begin mass production of HBM4 chips in the second half of the year. Samsung is fighting to catch up to SK Hynix, which has aggressively positioned itself as Nvidia's primary HBM4 supplier. It shipped the world's first 12-layer HBM4 samples to customers ahead of schedule, followed by Micron in June, while Samsung has had to revise its 12-layer HBM3E design. Samsung secured an order from Advanced Micro Devices Inc., joining Micron as a supplier, according to a June release. But its failure to win early certification for HBM3E chips from Nvidia — the dominant maker of AI-supporting graphics processing units — is hurting its attempts to take significant market share. Bernstein analysts led by Mark Li, who had previously expected Samsung's 12-layer HBM3E would be qualified by Nvidia in the second quarter, trimmed their forecast for Samsung's HBM market share, saying they now expect certification in the third quarter. 'Samsung will gradually narrow the gap vs rivals,' they wrote in a June 23 research note. 'We forecast SK Hynix remains the leader in 2027, but with others catching up and SK Hynix's edge eroding, the shares held by suppliers will be more similarly distributed then than now.' Bernstein estimates SK Hynix holds 57% of the HBM market in 2025, followed by Samsung at 27% and Micron at 16%. At its annual shareholder meeting in March, Samsung vowed to strengthen its position in the HBM market this year, responding to concerns over its underperformance in AI. Jun Young-hyun, head of Samsung's chip business, said that Samsung's failure to secure an early lead in the HBM market contributed to it lagging behind rival SK Hynix and pledged not to repeat the mistake with HBM4. The next-generation memory is expected to be used in Nvidia's Rubin GPU architecture. 'While uncertainties remain around the time line for quality certification, we see no indication of a strategy shift and believe the company is on track for a 3Q2025 market launch,' Daishin Securities Co. analyst Ryu Hyung-keun wrote in a recent research report. With assistance from Shinhye Kang. This article was generated from an automated news agency feed without modifications to text.
Business Insider
14-06-2025
- Business
- Business Insider
New Sell Rating for Kioxia Holdings Corporation (285A), the Technology Giant
Kioxia Holdings Corporation (285A – Research Report) received a Sell rating and price target from Bernstein analyst Mark Li today. The company's shares closed today at Yen2,010.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Li is a 5-star analyst with an average return of 26.1% and a 68.12% success rate. Li covers the Technology sector, focusing on stocks such as TSMC, Micron, and United Micro. Kioxia Holdings Corporation has an analyst consensus of Hold. 285A market cap is currently Yen1181.8B and has a P/E ratio of 4.02.
Business Insider
07-06-2025
- Business
- Business Insider
Xiaomi (XIACF): New Buy Recommendation for This Technology Giant
In a report released yesterday, Mark Li from Bernstein maintained a Buy rating on Xiaomi (XIACF – Research Report), with a price target of HK$60.00. The company's shares closed today at $6.84. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Li is a 5-star analyst with an average return of 24.5% and a 61.19% success rate. Li covers the Technology sector, focusing on stocks such as TSMC, Micron, and United Micro. In addition to Bernstein, Xiaomi also received a Buy from Macquarie's Cherry Ma in a report issued on June 4. However, on the same day, J.P. Morgan maintained a Hold rating on Xiaomi (Other OTC: XIACF). Based on Xiaomi's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $111.29 billion and a net profit of $10.92 billion. In comparison, last year the company earned a revenue of $75.51 billion and had a net profit of $4.18 billion
