David Wong

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...

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...

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...

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...

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...

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...

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)...

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...

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...

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....

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....

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...

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...

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,...

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...