Chip stocks likely to continue trading higher: JPMorgan
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June 3, 2024 6:39 AM EDT
Goldman Sachs analyst Toshiya Hari reiterated a Conviction Buy rating and $1,200.00 price target on NVIDIA (NASDAQ: NVDA)
The analyst comments "We attended CEO Jensen Huang's keynote speech at Computex 2024 in Taiwan on June 2. While we are not making any estimate changes, announcements... More
June 3, 2024 6:22 AM EDT
Melius analyst Ben Reitzes initiates coverage on Broadcom Limited (NASDAQ: AVGO) with a Buy rating and a price target of $1,850.00.
The analyst comments "Broadcom is one of the must-own AI stocks due to its leadership as a fabless semiconductor provider across many categories - but its Networking division (30% of revenues) should drive upside with AI accelerators (XPUs) and networking chips largely... More
May 31, 2024 6:18 AM EDT
Needham analyst N. Quinn Bolton reiterated a Buy rating and $95.00 price target on Marvell (NASDAQ: MRVL).
The analyst comments "Marvell reported a beat and raise 1QF25 as the Data Center segment continues to outperform. Our key takes: 1) GM will be weighed down... More
May 31, 2024 4:54 AM EDT
Evercore ISI analyst Mark Lipacis raised the price target on Marvell (NASDAQ: MRVL) to $91.00 (from $88.00) while maintaining a Outperform rating.
The analyst comments "Setting Table For AI Upside. On the positive side MRVL reported its AI revs doubled YY, we est... More
