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