UBS has reduced its price target for Micron Technology from $135 to $125 following disappointing quarterly results, while maintaining a "Buy" rating. Analyst Timothy Arcuri views the dip in share price as a buying opportunity, citing a strong outlook for DRAM, particularly high-bandwidth memory, and a promising sales trend for the upcoming year.
UBS has reduced its price target for Micron Technology from $135 to $125 following disappointing quarterly results, while maintaining a "Buy" rating. Analyst Timothy Arcuri views the recent share price dip as a buying opportunity, citing a strong outlook for DRAM, particularly high-bandwidth memory, and a promising sales trend for the upcoming year.
Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
Stocks opened higher but closed mixed as rising Treasury yields dampened early enthusiasm. The Dow fell 0.2% for its seventh consecutive loss, while the Nasdaq gained 0.1%, buoyed by Broadcom's 24.4% surge after strong earnings and a dividend hike. RH and Costco also reported solid earnings, with RH stock up 17% and Costco rising 0.1%.
UBS has increased its price target for Broadcom from $200 to $220 while maintaining a "Buy" rating. Analyst Timothy Arcuri noted that the chip company's performance and outlook are solid, with results potentially exceeding investor expectations, particularly driven by interest in artificial intelligence.
UBS has increased its price target for Broadcom from $200 to $220, maintaining a "Buy" rating. Analyst Timothy Arcuri noted that the chip company's performance and outlook are solid, with results potentially exceeding investor expectations, particularly driven by interest in artificial intelligence.
UBS has maintained its "Buy" rating for Nvidia, setting a target price of $185. Analyst Timothy Arcuri noted that while the outlook may not have met some recent expectations, it aligns with investor anticipations and provides sufficient leeway for future growth.
UBS analyst Timothy Arcuri has initiated coverage on GlobalFoundries Inc. (NASDAQ: GFS) with a Neutral rating. A price target has been set, although specific details are not disclosed in the report.
UBS analysts are optimistic about Nvidia's upcoming earnings report, raising the price target from $150 to $185, indicating over 27% upside potential. They project third-quarter revenue between $34.5 billion and $35 billion, with fourth-quarter guidance around $37 billion, potentially reaching $39 billion. Key growth drivers include increased capital expenditures from hyperscalers and sovereign AI demand, particularly from the Middle East, while concerns about gross margins remain.
UBS analyst Timothy Arcuri has raised Qualcomm's price target to $190 from $185 while maintaining a Neutral rating. The company provided strong guidance and is optimistic about its flagship products in the China market, driven by new models and price growth from the Snapdragon 8 Elite. Qualcomm's mobile business is thriving despite a stagnant overall unit market, benefiting from its focus on the premium tier.
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