Chipmakers crushed on US recession concerns

Mizuho Downgrades Intel (INTC) to Neutral, 'Widening Technology Gap'

Mizuho analyst Vijay Rakesh downgraded Intel (NASDAQ: INTC) from Outperform to Neutral with a price target of $22.00 (from $36.00).

The analyst comments "We upgraded INTC in Nov'23 on strong AI ramps, and new products driving PC/DC traction. Fast-forward 9 months,... More

BofA Securities on Apple (AAPL): 'we see the potential for consensus estimates to be revised higher'

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $256.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "

As per SensorTower data, App Store revenues in F4Q (after 36 days) increased to $3.0bn (+12% y/y, according to data on developer revs from... More

Mixed implications for Dell from SMCI results: Citi

Super Micro Computer (NASDAQ: SMCI) latest earnings report presents mixed implications for Dell Technologies (NYSE: DELL), according to a recent note from Citi analysts.

The investment bank's note highlights strong demand for AI servers but raises concerns about margin degradation, which could impact Dell.

Supermicro reported revenues of $5.31 billion for the quarter, within their guidance range of... More

New Street Research Upgrades NVIDIA (NVDA) to Buy

(Updated - August 6, 2024 9:12 AM EDT)

New Street Research analyst Pierre Ferragu upgraded NVIDIA (NASDAQ: NVDA) from Neutral to Buy with a price target of $120.00.

The analyst comments "Since the peak of June, Nvidias stock has pulled back by 26%, underperforming most... More

Rosenblatt Defending NVIDIA (NVDA)

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $200.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVDA shares are under pressure due to continued rumors of a several-month delay in Blackwell B200 GPUs due to an undisclosed silicon flaw.... More

Deutsche Bank Defending NVIDIA (NVDA): 'AI demand as measured by capex spend appears to be healthy' , 'We see little financial risk'

Deutsche Bank analyst Ross Seymore reiterated a Hold rating and $100.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "We see little financial risk to NVDA in the near term for its upcoming report/guide (NVDA reports Aug 28) given still-strong demand from... More