Latest news with #Rasgon
Business Insider
01-08-2025
- Business
- Business Insider
'18 Months to Land a Big Customer' or the Fabs are Doomed: Intel Stock (NASDAQ:INTC) Slides With Doomsday Timeline
Yesterday, we revealed that chip stock Intel (INTC) is having a serious problem with landing new customers to keep its fabrication processes going. A new report out gives us a timeline, suggesting that Intel has somewhere around a year and a half to find a big new customer or the entire fabrication concept may be ruined. The news hit shareholders like a bus. Shares dropped almost 2.5% in Thursday afternoon's trading. 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. Bernstein analyst Stacy Rasgon, who has a five-star rating on TipRanks, pronounced sentence on Intel with a grim finality. Basically, between the time involved to get a new process up and running, and Intel's current state in the market, Intel has about 18 months from right now to either '…land a hero customer on 14A,' or face the closure of its chip foundry. Rasgon's projections were supported by Intel's own recent remarks, where it noted, 'If we are unable to secure a significant external customer and meet important customer milestones for Intel 14A, we face the prospect that it will not be economical to develop and manufacture Intel 14A and successor leading-edge nodes on a go-forward basis. In such event, we may pause or discontinue our pursuit of Intel 14A and successor nodes and various of our manufacturing expansion projects.' Meanwhile, Somewhere Else With all the recent firings going on at Intel, as Intel frantically cuts costs and staff, some surprises have started to emerge about what former Intel staff are up to. In fact, one set of Intel veterans recently got together to put together a project for a surveillance tool powered by artificial intelligence (AI). And they raised $40 million to make it happen. Intel's former top executive in Israel, Sagi Ben Moshe, is currently in charge of Lumana, a company that is looking to use AI to make video surveillance more powerful. Given that the market for AI video surveillance worldwide is expected to double in the next four years alone, and the AI video analytics market will grow 'more than threefold by 2028,' the end result is a market that demands solutions. Is Intel a Buy, Hold or Sell? Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 25 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 29.98% loss in its share price over the past year, the average INTC price target of $22.25 per share implies 12.09% upside potential.
Yahoo
25-07-2025
- Business
- Yahoo
Bernstein Lifts AMD Price Target to $140—But Still Holds Rating
Advanced Micro Devices, Inc. (NASDAQ:) is one of the . On July 21, Bernstein SocGen Group analyst Stacy Rasgon raised the price target on the stock to $140.00 (from $95.00) while maintaining a 'Hold' rating. Despite the hold rating, Rasgon has highlighted several positive catalysts working in favour of the stock. In particular, the analyst noted that the lifted ban on AI chip sales to China, upcoming MI350 product launch, and gaming recovery have been good for the company. This is why Rasgon updated his estimates for AMD earnings, which includes Q2 adjusted EPS of 49 cents on revenue of $7.52 billion, as compared to a prior estimate of 47 cents and $7.4 billion. The analyst also updated Q3 estimates, projecting $8.43 billion in revenue and $1.20 in earnings per share. He also updated his full-year 2025 estimate to $ $32.0 billion in revenue and $3.89 earnings per share. An experienced financial analyst pouring over financial statements and market data. Regardless, the firm still remains cautious due to high valuation and expected risk of client channel flush and tariff pull-forward reversal. Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. While we acknowledge the potential of AMD 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: and Disclosure: None. Sign in to access your portfolio
Business Insider
22-07-2025
- Business
- Business Insider
AMD Stock Rallies as Bernstein Analyst Raises Price Target
Advanced Micro Devices (AMD) stock rallied on Monday after the semiconductor company's shares received new analyst coverage. Five-star Bernstein analyst Stacy Rasgon assigned a Hold rating to AMD stock and increased the firm's price target for the shares to $140 from $95, suggesting a 12.17% downside. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. While Rasgon stuck with a Hold rating for AMD stock, he highlighted several positive catalysts for the company. Among these are the lifted ban on AI chip sales to China, better times for the PC gaming market, and conditions similar to its rivals. In light of all this, Rasgon updated his estimates for AMD earnings. These includes Q2 adjusted EPS of 49 cents on revenue of $7.52 billion, compared to a prior estimate of 47 cents and $7.4 billion. He also updated his Q3 estimates to $1.20 per share and $8.43 billion from $1.09 per share and $8.08 billion, as well as his full-year 2025 estimate to $3.89 per share and $32 billion from $3.71 per share and $31.4 billion. AMD will next report earnings on Aug. 5, 2025. AMD Stock Movement & More Analyst Coverage AMD stock was up 1.43% as of Monday morning, extending a 31.83% year-to-date rally and a 0.72% increase over the past 12 months. AMD stock also received additional analyst coverage today. Five-star Citi analyst Christopher Danely reiterated a Hold rating and raised his price target for the shares to $165 from $145. Is AMD Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus for AMD is Moderate Buy, based on 25 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $145.90, representing a potential 8.33% downside for the shares.
CNBC
15-07-2025
- Business
- CNBC
Analysts raise Nvidia price targets after Trump's China chip decision. One sees $5 trillion market cap ahead
Nvidia cleared a key hurdle that restricted the sale of its H20 chips to China, a move that gave some analysts on Wall Street room to raise their forecasts for the stock. The Jensen Huang-led company whose chips power artificial intelligence said earlier Tuesday that it hopes to soon resume shipping H20 general processing units to China after the U.S. lifted restrictions placed on their sale to Beijing in April. "The U.S. government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon," the company said in a Tuesday blog post . The statement helped lift an array of other semiconductor manufacturers as well. The news helped ignite a wave of optimism from analysts, with one going so far as to forecast that Nvidia could reach a $5 trillion market value, after only recently having achieved a $4 trillion capitalization for the first time. NVDA YTD mountain Nvidia stock in 2025. Shares have advanced almost 28% so far in 2025, while the S & P 500 has risen less than 7%, according to FactSet data. Here's the latest analyst commentary and forecasts on Nvidia. Melius Research raises price target to $235 per share Analyst Ben Reitzes said that Nvidia could be headed for a $5 trillion market cap, and said "getting back in China after a mid-April ban is a huge tailwind" for the company. Reitzes' forecast calls for more than 43% upside from Monday's $164.07 close. "The news not only means that Nvidia's revenues accelerate even more sequentially in the back half of FY26, but it also adds a huge tailwind to growth in F1H27 - making FY27 a much bigger growth year than the previous consensus of just 26%," the analyst said. "We wouldn't be surprised if all or most of the $8B run rate/quarter in lost China sales came back completely by F4Q26 given pent up demand and boosted FY27 overall revenue growth to 38% y/y after 59% growth in FY26." Oppenheimer hikes price target to $200 per share Analyst Rick Schafer's forecast implies about 22% upside for Nvidia stock. "We see several structural tailwinds driving sustained outsized top-line growth including generative AI, DC/AI accelerators and autonomous vehicles. We believe these factors justify its valuation," the analyst said. Bernstein reiterates outperform rating and $185 per share price target Analyst Stacy Rasgon's outlook implies nearly 13% upside for Nvidia stock. Rasgon said that while Nvidia's second-quarter results likely won't see the company ship enough chips to catch up on lost revenue, the chipmaker is likely to see benefits in the second half that ends next January. "Beyond the revenue/earnings recovery, we are glad to see NVDA able to compete at least somewhat in China as it limits potential for more structural risks," Rasgon wrote. "We always saw the H20 ban as unnecessary and, frankly, somewhat nonsensical as performance of the part is already low, and well below already-available Chinese alternatives; a ban would simply hand the AI market in China over to Huawei as well as encourage the growth of local ecosystem alternatives (with a risk that they filter out of China over time)." "[E]very ~$10B of recovered NVDA China revenues would drive roughly 25 cents in additional EPS," the analyst added. "Therefore, capturing an incremental $15-$20B in China revenue through the rest of the fiscal year would provide 40-50 cents in EPS upside for FY2026, all else being equal (10%+ or so accretion on current consensus?)." Evercore ISI reiterates Nvidia as top pick The firm's $190 per share price target calls for about 16% upside. Analyst Mark Lipacis forecast that Nvidia could see as much as $10 billion in near-term revenue if all the restrictions on H20 chip sales to China are removed. "Assuming 70-75% [gross margins] on $2.75bn of inventories would imply about $10bn in revenues anticipated from those written down inventories on hand, but since the product was written down, that would suggest much higher gross margins on that $10bn of revenues," the analyst said. Citigroup cautiously optimistic Analyst Atif Malik's also has a $190 per share price target on Nvidia. "We believe investors should take a 'wait and see' approach before adding China contribution back to their models," the analyst said. "That said, China is an important market for Nvidia in gaming and networking and it helps to sell some compute chips."
Business Insider
15-05-2025
- Business
- Business Insider
Bernstein Remains a Hold on Intel (INTC)
Bernstein analyst Stacy Rasgon maintained a Hold rating on Intel (INTC – Research Report) today and set a price target of $21.00. The company's shares closed yesterday at $21.52. Confident Investing Starts Here: Rasgon covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Lam Research. According to TipRanks, Rasgon has an average return of 22.2% and a 63.76% success rate on recommended stocks. In addition to Bernstein, Intel also received a Hold from Citi's Christopher Danely in a report issued yesterday. However, on April 30, Seaport Global initiated coverage with a Sell rating on Intel (NASDAQ: INTC).
