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Big Chip Q3 Earnings Preview: Intel Could Win On Muted Expectations, AMD Makes Inroads
Thursday, October 24, 2019 - 11:21am | 988Read More...Tech reporting season has kicked in, with several high-profile companies reporting this week. Semiconductor and semi equipment companies are expected to report a 30% year-over-year drop in earnings this quarter, according to estimates compiled by Factset. Chip giant Intel Corporation (NASDAQ: INTC...
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Winners And Losers From Nomura CIO Spending Survey
Monday, September 23, 2019 - 4:30pm | 617Read More...Nomura Instinet released its bi-annual survey of CIO spending, and the analyst team led by Jeffrey Kvaal, Christopher Eberle, Mark Kelley and David Wong selected their top winners and losers from the latest trends in IT budgets. Nomura said the good news for tech investors is that the trade...
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Nomura On Semiconductors: Analyst Eyes Data Center, PC Trends
Tuesday, August 20, 2019 - 3:55pm | 492Read More...Earnings season for semiconductor companies is for the most part over. The reports showed that data center trends are "still soft," while the PC market is "looking good," according to Nomura. The Analyst David Wong maintained a Buy rating on AMD's stock with...
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Nomura: AMD's Upcoming Products Can Drive Revenue Momentum, Operating Leverage
Wednesday, June 12, 2019 - 2:17pm | 561Read More...Advanced Micro Devices, Inc. (NASDAQ: AMD) is credited for its strong product momentum in recent years, which has helped it to challenge Intel Corporation (NASDAQ: INTC)'s pole position. The Analyst Following AMD's gaming wins with Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc (NASDAQ...
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Big Chip Q1 Earnings Preview: A Focus On Industry Downturn, Product Delays, Competitive Dynamics, New Tech
Thursday, April 25, 2019 - 12:26pm | 947Read More...Corporate profit expectations for the first quarter are muted, with most analysts bracing for S&P 500 profits to decline for the first time since the second quarter of 2016. Semiconductor and semiconductor equipment makers could see their profit drop 23 percent year-over-year, according to...
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Nomura Initiates Micron At Neutral, Sees Positives And Negatives To The Stock
Tuesday, April 16, 2019 - 9:37am | 402Read More...Micron Technology, Inc. (NASDAQ: MU) is back on track in 2019 after a rough 2018, but one Wall Street analyst says investors can expect more mixed performance from Micron shares ahead. The Analyst Nomura Instinet analyst David Wong initiated coverage of Micron with a Neutral rating and $45 price...
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Nomura Initiates Coverage On Semi Stocks, Picks AMD And Intel As Winners
Wednesday, April 3, 2019 - 9:58am | 424Read More...One Wall Street analyst initiated coverage on four semiconductor stocks Wednesday with a bullish long-term outlook despite near-term cyclical headwinds. The Analyst Nomura Instinet analyst David Wong initiated coverage of the following four semi stocks: Advanced Micro Devices, Inc. (NASDAQ: AMD)...
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Applied Materials Outperforms Despite Volatility, Says Wells Fargo
Wednesday, December 6, 2017 - 4:02pm | 268Read More...Applied Materials, Inc. (NASDAQ: AMAT) reported better-than-expected fourth quarter earnings Nov. 16. Revenue grew 20 percent year-over-year. The Analyst Wells Fargo's David Wong initiated coverage of Applied Materials with an Outperform rating and $65 price target. The Thesis...
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Nvidia Bears Still Exist: Wells Fargo Keeps Stock Rated Underperform
Friday, November 10, 2017 - 11:41am | 367Read More...NVIDIA Corporation (NASDAQ: NVDA), one of the hottest stocks over the last two years, reported its third-quarter earnings, which could re-start the bull versus bear debate as the stock trades at an all-time high and investors question what is an appropriate valuation moving forward. The Analyst...
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Analysts Applaud Micron's Beat-And-Raise Third Quarter
Wednesday, July 5, 2017 - 8:46am | 1022Read More...Micron Technology, Inc. (NASDAQ: MU) announced last week its fiscal third-quarter results, which showed 92-percent year-over-year revenue growth to $5.57 billion and non-GAAP earnings per share of $1.62 compared to $0.90 in the year-ago period. The results were ahead of the consensus estimates....
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Pricing Drives Margin In Micron's May Quarter
Friday, June 30, 2017 - 10:07am | 344Read More...After reporting strong third-quarter earnings, Wells Fargo analyst David Wong expects Micron Technology, Inc. (NASDAQ: MU) to continue to perform well, as he reiterated his Outperform rating with a $40 price target. Micron’s Earnings Highlights EPS: $1.62 versus $1.51 expected. Revenue: $5....
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Can AMD Establish Itself In The Datacenter Accelerator Market?
Thursday, June 29, 2017 - 9:52am | 378Read More...Wells Fargo analyst David Wong reiterated an Outperform rating on Advanced Micro Devices, Inc. (NASDAQ: AMD) with a $15 price target, following an examination of the company’s moves into the datacenter accelerator space. AMD announced the release of its new EPYC chip on June 22, to which the...
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The Week In Chip Stocks: AMD, Intel And More
Monday, June 26, 2017 - 11:42am | 484Read More...Last week was a landmark week in the semiconductor space. In case you missed the action, Wells Fargo analyst David Wong recapped all the key points investors should know, as well as provided a heads up for what to watch for this week. Here’s a summary of what he discussed. Related Link: Hello...
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As All Eyes Turn To AMD, Intel Has Scheduled Its Own Launch Event In July
Wednesday, June 21, 2017 - 10:43am | 392Read More...Advanced Micro Devices, Inc. (NASDAQ: AMD) shares jumped 7 percent on Wednesday after the company launched its EPYC 7000 series server processors. The launch marks AMD’s return to the server business, and EPYC could provide boost to the company’s revenue growth and gross margins,...
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4 Takeaways From Advanced Micro Devices' Recent Trade Show Product Update
Wednesday, May 31, 2017 - 10:58am | 425Read More...Breaking ranks from peers Loop Capital and Macquarie, which recently downgraded Advanced Micro Devices, Inc. (NASDAQ: AMD), Wells Fargo Securities gleaned hope Tuesday from the company’s Computex conference exhibit and reiterated an Outperform rating on the stock. “We think that AMD has...
