Vivek Arya

The S&P 500 is off to a shaky start to 2022, down 5.5% year-to-date. As bad as things have been for the S&P 500, they have been even worse for the tech-heavy Nasdaq Composite, which is down 9.9% so far in this year. Investors are dumping Nasdaq stocks due to concerns over rising interest...

Advanced Micro Devices Inc (NASDAQ: AMD) reported forecast-beating fourth-quarter results and issued an upbeat guidance. The AMD Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on AMD shares and increased the price target from $175 to $190. Raymond James analyst...

Rockley Photonics Holdings Ltd (NYSE: RKLY) has withdrawn from a telecom application related to a joint venture with a Chinese customer that found its way into the U.S. government’s entity list, according to BofA Securities. The Rockley Photonics Holdings Analyst: Vivek Arya downgraded...

Intel Corporation (NASDAQ: INTC) shares traded higher by 8% on Tuesday morning after the company announced a plan to take its self-driving car unit Mobileye public in mid-2022. The market reacted positively to the news, and one analyst said Tuesday the IPO could be a great way for Intel to unlock...

GlobalFoundries Inc (NASDAQ: GFS) is well-positioned with only a 10% share of an addressable market opportunity estimated at $70 billion, across smartphone devices, IoT, automotive and data center, according to BofA Securities. The GlobalFoundries Analyst: Vivek Arya initiated coverage of...

Qorvo Inc’s (NASDAQ: QRVO) sales growth is likely to decelerate from an estimated 22% in 2021 to 11% in 2022 and further down to 5% in 2023, according to BofA Securities. The company issued third-quarter EPS and sales guidance Wednesday that were below Street estimates.  The Qorvo...

Apple Inc (NASDAQ: AAPL) is reportedly looking to cut its iPhone production forecast for 2021 by 10 million due to supply chain issues. How The Chip Crunch Is Hurting Apple: Supply constraints are beginning to show impacts on premium-tier handset production, BofA Securities analyst...

Intel Corporation’s (NASDAQ: INTC) current strategy leads to lower gross margins and free cash flows over time, according to BofA Securities. The Intel Analyst: Vivek Arya maintained an Underperform rating for Intel, with the price target unchanged at $52. The Intel Thesis: The company’...

Bank of America remains bullish on semiconductor stocks heading into the fourth quarter, but the firm issued three semi stock downgrades Friday and said stock selection is critical at the moment. The Semiconductor Analyst: Analyst Vivek Arya issued the following ratings and price target changes:...

NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) continue to be bullish GPU plays despite changing market trends, according to a BofA Securities analyst.  The Semiconductor Analyst: Vivek Arya reiterated Buy ratings on AMD and Nvidia shares. The analyst has a $...

Nvidia, Inc. (NASDAQ: NVDA) reported stellar quarterly results Wednesday thanks to strong performances by its data center and gaming businesses. The Nvidia Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on Nvidia shares and increased the price target from $250 to $260...

The iShares PHLX Semiconductor ETF (NASDAQ: SOXX) traded lower by 2.6% on Tuesday morning (although it recovered to end the day slightly positive) and is now down 11% in the past month as a global semiconductor shortage drags on. Bank of America analyst Vivek Arya discussed the recent weakness in...

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Tuesday with strong quarterly results and lifted its full-year guidance. The AMD Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on AMD shares and increased the price target from $100 to $110. The analyst named the stock as...

At Intel Corporation's (NASDAQ: INTC) "Intel Unleashed" event Tuesday, CEO Pat Gelsinger shared his vision for IDM 2.0, the company's integrated device manufacturing model. Here's what the Street has to say.  The Intel Analysts: BofA Securities analyst...

The recently launched third-generation 7nm EPYC 3 server processors (code-named Milan) by Advanced Micro Devices, Inc’s (NASDAQ: AMD) have strengthened the company’s share gain opportunity in cloud, high-performance computing (HPC) and enterprise customers, according to...