Mobileye shares spike after Intel says it has no plans to divest majority stake
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Baird Comments on Qualcomm (QCOM) Rumor to Buy Intel (INTC): 'we fail to see attractive synergies'
September 23, 2024 6:22 AM EDTBaird Comments on Qualcomm (NASDAQ: QCOM) Rumor to Buy Intel (NASDAQ: INTC)
The analyst comments "Qualcomm is a fabless company banking on ARM-based architectures to gain market share and disrupt the x86-dominated PC market, while expanding in Automotive with ARM-based architectures and possibly aiming into ARM-based acceleration and inferencing. Intel's fabs are not compatible with Qualcomm's... More
Melius Comments on Qualcomm (QCOM) Rumor to Buy Intel (INTC)
September 23, 2024 6:20 AM EDTMelius Comments on Qualcomm (NASDAQ: QCOM) Rumor to Buy Intel (NASDAQ: INTC)
The analyst comments "Good Way to Get Complicated? On Friday, (shortly after 3PM) the Wall Street Journal reported that Qualcomm ($193B EV) has approached Intel ($122B EV) regarding a friendly takeover. Then on Sunday, Bloomberg reported that Apollo is contemplating a $5B investment of some sort. Apollo has already invested in Intel facilities and is arguably better positioned than common shareholders to benefit from upside at the Ireland fab. A deal with... More
Wolfe Research Comments on Qualcomm (QCOM) Rumor to Buy Intel (INTC)
September 23, 2024 6:05 AM EDTWolfe Research analyst Chris Caso reiterated a Peerperform rating on Intel (NASDAQ: INTC).
The analyst comments "On Friday, the WSJ reported [link] that QCOM had approached Intel management about a potential takeover. In addition, over the weekend, Bloomberg reported [link] that Apollo has offered to make an equity-like investment in Intel of as much as $5 billion. While we don't have independent knowledge of either of these actions, the reports underscore the difficult position Intel now finds themselves in, with high capex requirements and manufacturing profitability now pushed far into the future.... More
Deutsche Bank Comments on Qualcomm (QCOM) Rumor to Buy Intel (INTC): 'we believe that regulatory hurdles would be exceedingly high'
September 23, 2024 5:54 AM EDTDeutsche Bank Comments on Qualcomm (NASDAQ: QCOM) Rumor to Buy Intel (NASDAQ: INTC)
The analyst comments "Earlier today, press reports emerged (WSJ) regarding QCOM approaching INTC with a takeover offer. We have no ability to... More
Amazon.com (AMZN) PT Raised to $240 at Evercore ISI
September 19, 2024 4:11 PM EDTEvercore ISI analyst Mark Mahaney raised the price target on Amazon.com (NASDAQ: AMZN) to $240.00 (from $225.00) while maintaining a Outperform rating.
The analyst comments "Our View: We are reiterating our Outperform on AMZN and raising our PT from $225 to $240 (based on 35X our 26 EPS of approx. $7.00 and 25X our 26 FCF of approx. $100B). AMZN remains our #1 Large Cap Long. In this report, we focus on Amazons ramped up focus and opportunity with Prime Video. Amazon has... More
