Latest news with #Miscioscia
CNBC
5 days ago
- Business
- CNBC
Nvidia is 'back in the driver's seat' after latest earnings, Daiwa says
Nvidia could have more room to run, according to Daiwa Capital Markets. The firm raised its price target on the chipmaker to $165 per share from $115 and reiterated its outperform rating. Daiwa's forecast calls for about 16% upside from Wednesday's close. Analyst Louis Miscioscia said in a Wednesday note that Nvidia is "back in the driver's seat." He lauded the company's first-quarter results released last week . He also noted that the company has multiple growth drivers that underpin his optimistic view — including robust inference demand from Microsoft, OpenAI and Google, which could signal a growing appetite for Nvidia chips. NVDA YTD mountain Nvidia stock in 2025. "We are back in a rally phase given good quarterly growth and the same expectation for 2025," Miscioscia said. "CEO [Jensen] Huang suggests that AI demand is accelerating with many more areas to grow into. We expect material details about this at the Paris GTC starting on Wednesday 6/11. Our conclusion remains that AI is a huge tech trend, bigger than world changing events like the PC, smartphone, Internet, etc., thus there is more to come." "The Blackwell ramp is going very well," Miscioscia said of Nvidia's key AI chip. Gross margins "should get back to the mid 70's later this year." Shares have gained about 6% in 2025, but they've been under pressure at times this year from tariffs and the emergence of DeepSeek. Analysts are mostly bullish on Nvidia. Of the 65 who cover the stock, 59 rate it a buy or strong buy, according to LSEG. The average price target also points to nearly 23% upside.
Yahoo
02-04-2025
- Business
- Yahoo
Why Broadcom Stock Was a Winner on Wednesday
An analyst's recommendation upgrade put some lively zip in Broadcom's (NASDAQ: AVGO) stock price on Wednesday. On news of the move, investors eagerly snapped up shares of the hardware and software company, sending its stock price more than 2% higher. That was a steeper climb than the S&P 500's (SNPINDEX: ^GSPC) 0.7% increase on the day. Well before market open on Hump Day, Daiwa Securities' Louis Miscioscia moved Broadcom up one notch, from outperform to buy. He also changed his price target. Interestingly, this meant a reduction -- it's now $225 per share, against the former level of $275. Even at the reduced figure, Miscioscia is anticipating plenty of upsides for the stock -- $225 is nearly 31% higher than Broadcom's Wednesday closing price. According to reports, the analyst believes Broadcom is standing in front of no less than four elements that could drive its business higher: its custom artificial intelligence (AI) chips, networking, VMWare (an acquisition that closed in late 2023), and its foundational semiconductor products. Like other tech stocks, Broadcom has suffered from investor fears that the Trump administration's tariffs will badly impact the sector. There are also worries that the AI market might ultimately prove not to be as large as some have anticipated. I share Miscioscia's bullish view of Broadcom, especially when looking at that custom chip business. That alone distinguishes the company from the plethora of businesses looking to profit from the rise of AI, which I think will be extensive, powerful, and long-lasting. Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Broadcom wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $675,119!* Now, it's worth noting Stock Advisor's total average return is 817% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 1, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Why Broadcom Stock Was a Winner on Wednesday was originally published by The Motley Fool Sign in to access your portfolio
