Intel plans major job cuts to cut costs and fuel turnaround - Bloomberg

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Intel (INTC) PT Lowered to $25 at Citi

August 2, 2024 8:13 AM EDT

Citi analyst Christopher Danely lowered the price target on Intel (NASDAQ: INTC) to $25.00 (from $35.00) while maintaining a Neutral rating.

The analyst comments "Yesterday after the close, Intel reported results and guidance well-below Consensus mainly due to weakness in its PC businesses (58% of 2Q24... More

Nancy Pelosi buying more Nvidia shares

August 1, 2024 9:16 AM EDT

Congresswoman Nancy Pelosi's recent financial disclosure revealed that she bought more NVIDIA (NASDAQ: NVDA) shares and sold some Microsoft (NASDAQ: MSFT) shares.

According to a new congressional trading form, the Congresswoman bought 10,000 shares worth of Nvidia, with the... More

Morgan Stanley on NVIDIA (NVDA): 'Moving NVDA back to Top Pick post selloff'

July 31, 2024 7:04 AM EDT

Morgan Stanley analyst Joseph Moore reiterated an Overweight rating and $144.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "No change to earnings or PT, but the selloff presents a good entry point as we continue to hear strong data points short term and long term, with overblown competitive concerns. Move NVDA to Top Pick. What... More

Northland Reiterates Outperform Rating on AMD (AMD)

July 31, 2024 6:46 AM EDT

Northland analyst Gus Richard reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD).

The analyst comments "AMD beat consensus by $0.01 on revenue upside primarily from AI, reaching revenue of over $1B vs our model of $900M. Client revenue was... More

Stifel Reiterates Buy Rating on AMD (AMD)

July 31, 2024 6:42 AM EDT

Stifel analyst Ruben Roy reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD).

The analyst comments "AMDs results and outlook were modestly above expectations with revenue exceeding the midpoint of management guidance on higher-than-expected data center, client and server processor sales.... More

AMD (AMD) PT Lowered to $180 at Cantor Fitzgerald

July 31, 2024 6:33 AM EDT

Cantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $180.00 (from $200.00) while maintaining a Overweight rating.

The analyst comments "Amidst investor fears of a slowdown in MI300 demand from Microsoft, AMD offered a better-than-feared report including a modest beat for the June Q, mixed outlook for the September Q (slightly better revs, worse EPS), and, very importantly, raised its outlook for MI300 revenues from >$4B+ to >$4.5B+. Specific to the MI300 and AI outlook, we... More

AMD (AMD) PT Lowered to $156 at Truist Securities

July 31, 2024 5:22 AM EDT

Truist Securities analyst William Stein lowered the price target on AMD (NASDAQ: AMD) to $156.00 (from $162.00) while maintaining a Hold rating.

The analyst comments "Incrementally raising AI GPU guidance. AMD's beat Q2 consensus & guided Q3 mixed. The Datacenter & Client end market upsides will likely predominate... More