Some US Lawmakers Urge Biden Administration To Restrict American Companies From Working On RISC-V Chip Technology, Widely Used In China - Reuters
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Here's why this semiconductor stock remains a top pick at Citi
October 9, 2023 1:15 PM EDTCiti reiterated a top pick rating on one semiconductor manufacturing stock in a note to clients on Monday.
Analyst Christopher Danely said Buy-rated Micron Technology (NASDAQ: MU) is that top pick as the firm sees the beginning of a DRAM upturn.
"Yesterday,... More
Citi sees this company maintaining 90% share despite OpenAI supplier diversification concerns
October 9, 2023 11:08 AM EDTDespite a Reuters report recently stating that artificial intelligence firm OpenAI has been exploring the options of building its own AI accelerator and diversifying its suppliers, Citi is confident one major company will maintain a large share in the AI GPU market.
While the report notes that... More
HSBC Starts Arm Holdings (ARM) at Hold, 'Work in progress'
October 9, 2023 7:06 AM EDTHSBC analyst Frank Lee initiates coverage on Arm Holdings (NASDAQ: ARM) with a Hold rating and a price target of $57.00.
The analyst comments "We initiate coverage on Arm with a Hold rating and a target price of USD57. Electronic design automation (EDA) software vendors like Synopsys and Cadence are the best valuation peers. Arm... More
Micron Technology (MU) Mentioned Positive at Citi, 'Top Pick'
October 9, 2023 6:27 AM EDTCiti analyst Christopher Danely reiterated a Buy rating and $85.00 price target on Micron Technology (NASDAQ: MU)
The analyst comments "Yesterday, TrendForce raised their 4Q23 DRAM price forecast from 0% QoQ to up 3%-8% sequentially, driven by Samsungs production cuts. They expect more upside... More
