Latest news with #SummitInsights
Business Insider
a day ago
- Business
- Business Insider
Applied Materials downgraded to Hold from Buy at Summit Insights
Summit Insights downgraded Applied Materials (AMAT) to Hold from Buy after its Q3 results and below-consensus guidance. The U.S. government export restrictions to China have likely driven pull-ins from Chinese customers, leading to excess capacity that may take several quarters to digest, the analyst tells investors in a research note. Uncertainty around Intel's (INTC) 18A and 14A nodes is also creating further headwinds for WFE suppliers, while the muted demand across the PCs, smartphones, consumer electronics, and industrial/automotive markets will likely offset AI-related strength, the firm added. 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.
Yahoo
29-05-2025
- Business
- Yahoo
Summit Insights Upgrades NVIDIA (NVDA) to Buy After Earnings Beat, Says Key Risks Are Priced In
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks on latest news and ratings. On May 28, Summit Insights upgraded NVIDIA Corporation (NASDAQ:NVDA) to 'Buy' from Hold following its Q1 results and guidance. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. The AI-darling reported revenue of $44.1 billion for the quarter, surpassing analyst estimates of $43.3 billion, as per data compiled by Bloomberg. The company reported $26 billion in the same period last year. Meanwhile, adjusted earnings per share, excluding the charge for the H20 chips, were $0.96. EPS topped estimates of $0.93 and exceeded earnings per share of $0.61 from last year. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. The company reported that it anticipates an estimated $45 billion in sales in the current quarter, as compared to LSEG's estimates of $45.9 billion of sales in the July quarter. It also said its guidance would have been about $8 billion higher except for lost sales from the recent export restriction on its H20 chips. Summit Insights upgraded Nvidia following the earnings report. The analyst told investors in a research note that major overhangs, such as the risk of double-ordering on its Hopper generation AI GPU and the risk of China export controls, are now priced into the stock. The firm also believes that the data center capital spending for the training market will remain robust and benefit Nvidia AI GPU and data center networking businesses. Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $160 implies an 18% upside, however, the Street-high target of $235 implies an upside of 75%. Overall, NVDA ranks 2nd on our list of AI stocks on latest news and ratings. While we acknowledge the potential of NVDA as an investment, 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 NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Business Insider
29-05-2025
- Business
- Business Insider
Nvidia upgraded to Buy from Hold at Summit Insights
Summit Insights upgraded Nvidia (NVDA) to Buy from Hold after its Q1 results and guidance. The risk of double-ordering on its Hopper generation AI GPU and the risk of China export controls are now priced into the stock, the analyst tells investors in a research note. Summit also believes that the data center capex spending for the training market will remain robust and benefit Nvidia AI GP and data center networking businesses, the firm added. Confident Investing Starts Here:
Yahoo
01-05-2025
- Business
- Yahoo
Summit Insights ups Western Digital to Buy on favorable demand-supply dynamics
As previously reported, Summit Insights upgraded Western Digital (WDC) to Buy from Hold. While Western Digital is trailing Buy-rated Seagate (STX) in HAMR technology, the firm thinks the company's Shingled Media Recording technology gives it legs to remain competitive in the market in the short-to-medium term. In spite of import tariff uncertainty, Summit's industry research indicates large cap HDD demand-supply dynamics will remain favorable through the second half of 2025. The firm expects industry pricing for large cap HDD to also remain favorable through the second half of the year. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on WDC: Disclaimer & DisclosureReport an Issue Western Digital upgraded to Buy from Hold at Summit Insights Early notable gainers among liquid option names on April 30th Morning Movers: Norwegian Cruise Line falls following first quarter results Western Digital sees Q4 EPS $1.25-$1.65, consensus $1.14 Western Digital up 11% at $45 after Q3 results and guidance Sign in to access your portfolio
Business Insider
24-04-2025
- Business
- Business Insider
Texas Instruments downgraded to Hold from Buy at Summit Insights
Summit Insights downgraded Texas Instruments (TXN) to Hold from Buy after its Q2 results and guidance. The firm believes that the company will continue to see cyclical demand recovery but also warns that the recovery momentum could moderate in the second half of the year, the analyst tells investors in a research note. Industry checks are clearly indicating that IC supply chain is constricting demand due to tariff wars, Summit added, further citing increasing pricing pressure for Texas Instruments in Asia and increased competition from Chinese companies – particularly in the auto sector. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
