Even in tough times for chip makers, there are winners and losers. KeyBanc's John Vinh picks two.
KeyBanc Capital Markets isn’t seeing a rebound in the semiconductor industry just yet. But even in tough times, there are winners and losers.
However, the analyst said investors can find solace that business is at least “not getting meaningfully worse.” And two companies are outperforming in the soft environment.Nvidia shares were down 2.1%, at $438.23, in recent trading, while Intel stock was rising 1.5%, at $36.00. The S&P 500 index was down 1.5%.
Demand for AI servers that incorporate the company’s chips is “extremely robust,” he says. He reiterated his Overweight rating for Nvidia shares and raised his price target to $750 from $670. Generative AI products train on text, images, and videos to create content. Interest in this type of AI has been sparked by OpenAI’s release of ChatGPT late last year.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AI fever and elevated demand raise the bar for Nvidia margin expectationsNvidia's stock made it to the conviction list of one Wall Street firm, while another forecast the chip maker's next-generation tech could drop early.
Weiterlesen »
Why Nvidia Stock Doesn’t Risk a Dotcom-Style CollapseAnalysts see a chance that the highflying stock could suffer the same fate as Cisco Systems, which has yet to regain the peak it hit in 2000.
Weiterlesen »
Why Nvidia Stock Doesn’t Risk a Dot-com Style Collapse Like CiscoAnalysts see a chance that the highflying stock could suffer the same fate as Cisco Systems, which has yet to regain the peak it hit in 2000.
Weiterlesen »
Goldman Sachs adds Nvidia to its October 'conviction list'Nvidia has been the market leader this year, and Goldman Sachs expects it to maintain that position going forward.
Weiterlesen »
Stocks edge lower, Tesla deliveries, Nvidia, UAW strikes, CoinbaseStocks edge lower, Tesla deliveries, Nvidia, UAW strikes, Coinbase
Weiterlesen »