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These 7 Mega-cap and Large-cap Tech Stocks are Under-owned by Major Institutional Investors - Morgan Stanley

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Benchmark Assumes NVIDIA (NVDA) at Buy, 'Strong Quarter but Weakness in China and Russia not Surprising'

May 26, 2022 7:22 AM EDT

Benchmark analyst Cody Acree assumes coverage on NVIDIA (NASDAQ: NVDA) with a Buy rating and a price target of $228.00.

The analyst comments "We are assuming coverage with a Buy Rating and setting a $228 price target, down from $365. NVDA turned in another strong quarter with record quarterly revenue from Data Center and Gaming both growing solidly QoQ and YoY, offsetting Auto softness on new product transitions and ongoing OEM production headwinds and a sequential decline in Professional Visualization, as... More

Apple (AAPL) Stock Dips on Report It Expects Flat iPhone Production This Year

May 26, 2022 5:42 AM EDT

Apple (NASDAQ: AAPL) intends to keep the iPhone production relatively flat in 2022 as the tech giant, as well as the broader smartphone industry, continue to face headwinds this year.

Apple has reportedly told suppliers to produce around 220 million iPhones this year, almost the same as the number of iPhones assembled last year, according to Bloomberg News.

This compares to the... More

Apple (AAPL) Reportedly Behind Schedule in Development of the New iPhone, Analyst Cuts Price Target on Risk to June Quarter iPhone Revenue

May 25, 2022 6:01 AM EDT

Apple (NASDAQ: AAPL) has asked its suppliers to expedite iPhone development after strict lockdown measures in China impeded the schedule for at least one of the new iPhones, according to Nikkei Asia.

China introduced new lockdown measures a few months ago as a part of its zero-COVID policy, which forced iPhone manufacturer Pegatron Corp. to temporarily shut down operations at its Shanghai and Kunshan assembly plants.

Some parts of Shanghai, Chinas most populous city, still remain under lockdown as the countrys government intensifies its quarantine efforts.

Apple is... More