-
Intel Shares Jump Over 3% As It Announces $10B Stock Buyback Plan
Wednesday, August 19, 2020 - 10:29pm | 383Read More...Intel Corporation (NASDAQ: INTC) shares jumped in the after-hours session Wednesday as the company said it was entering into accelerated share repurchase agreements to buy a total of $10 billion of the company’s common stock. What Happened Upon the completion of the agreements, the...
-
BofA Cuts Intel Target On Uncertain Roadmap
Monday, August 17, 2020 - 12:50pm | 311Read More...Optimism around Intel Corporation (NASDAQ: INTC) is offset by continuing manufacturing headwinds that could lead to loss of market share, according to BofA Securities. The Intel Analyst: Vivek Arya maintained a Neutral rating for Intel, while lowering the price target from $62 to $55. The Intel...
-
Why BofA Has The Street's Highest Nvidia Price Target Ahead Of The Q2 Print
Monday, August 10, 2020 - 10:21am | 447Read More...NVIDIA Corporation (NASDAQ: NVDA), which is set to report second-quarter results Aug. 19, has a superior long-term growth profile and a gaming upgrade cycle on the horizon, according to BofA Securities. The Nvidia Analyst: Vivek Arya reiterated a Buy rating on Nvidia shares and raised...
-
AMD Analysts Bet On Continuing Momentum Amid Tailwinds, Execution, Intel Missteps
Wednesday, July 29, 2020 - 1:09pm | 1000Read More...Advanced Micro Devices, Inc. (NASDAQ: AMD) shares are trading in record territory after the chipmaker reported stellar quarterly results. The AMD Analysts Piper Sandler analyst Harsh Kumar reiterated an Overweight rating on AMD and increased the price target from $60 to $82. Rosenblatt...
-
Intel's 7nm Delay Materially Positive For AMD, Says BofA Analyst
Monday, July 27, 2020 - 11:28am | 443Read More...The biggest beneficiary of Intel Corporation's (NASDAQ: INTC) 7nm product delay is archrival Advanced Micro Devices, Inc. (NASDAQ: AMD), and an analyst at BofA Securities hiked their AMD price target Monday on this premise. The Semiconductor Analyst: Vivek Arya reiterated a...
-
Intel Analysts See End Of 'Computing Dominance' Amid 7nm Node Delay, Competitive Threat
Friday, July 24, 2020 - 12:42pm | 1257Read More...Intel Corporation (NASDAQ: INTC) reported forecast-beating second-quarter results but painted a mixed picture for the current quarter, sending the chipmaker's shares sharply lower Friday. The Intel Analysts: BofA Securities analyst Vivek Arya downgraded Intel from Buy to...
-
2 Stocks To Short In Q3, According To Bank Of America
Thursday, July 9, 2020 - 3:55pm | 588Read More...Stocks hit the skids on Thursday as investors grow increasingly concerned about the potential negative impact of a surge in U.S. COVID-19 infections. For investors who believe Thursday’s sell-off is the beginning of a longer-term downtrend, Bank of America recently released their top 10 high-...
-
Nvidia, AMD Are Key Gaming Beneficiaries Ahead Of New Microsoft, Sony Consoles: BofA
Tuesday, July 7, 2020 - 12:11pm | 654Read More...The gaming environment has defied the ravages of the COVID-19 pandemic, which is seen as a positive for gaming chip makers Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA), according to an analyst at BofA Securities. The Analyst: Vivek Arya maintained Buy ratings on...
-
Nvidia Analysts See Multibillion-Dollar Opportunity In Automated Driving Deal With Mercedes-Benz
Wednesday, June 24, 2020 - 2:39pm | 618Read More...NVIDIA Corporation (NASDAQ: NVDA) announced Tuesday an automated driving system partnership with Daimler AG's (OTCMKTS: DDAIF) Mercedes-Benz. The Nvidia Analyst: BofA Securities analyst Vivek Arya maintained a Buy rating on Nvidia with a $420 price target. Needham analyst Rajvindra...
-
Why Apple's WWDC20 Is A Catalyst For These 9 Semiconductor Stocks
Tuesday, June 23, 2020 - 6:48pm | 753Read More...Apple Inc. (NASDAQ: AAPL) kickstarted its virtual Worldwide Developer's Conference Monday, and an analyst at BofA Securities sifted through the announcements to analyze their ramifications for the semiconductor sector. Intel Logged Out of Macs: Apple's decision to replace Intel...
-
What The CHIPS For America Act Means For Semiconductor Stocks
Thursday, June 11, 2020 - 1:50pm | 474Read More...U.S. policymakers are considering a semiconductor incentive package that would infuse the sector with about $25 billion over five years. The bi-partisan bill includes R&D tax credits and equipment-purchase credits meant to increase the global competitiveness of the U.S. industry. In the near-...
-
Option Traders Make Big Bullish Bets On AMD, Texas Instruments
Tuesday, June 2, 2020 - 3:20pm | 880Read More...Semiconductor stocks have held up relatively well in 2020 compared to the broader market. However, chip companies linked closely to graphics and gaming, such as Advanced Micro Devices, Inc. (NASDAQ: AMD) have performed much better than semi stocks that are heavily reliant on industrial and...
-
Why BofA Recommends Buying GPU Plays AMD and Nvidia
Tuesday, June 2, 2020 - 1:20pm | 374Read More...Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) are among the best performing tech stocks in the year-to-date period. Despite the runup, an analyst at BofA Securities recommends buying into these GPU plays. The Analyst Vivek Arya has Buy ratings on both Nvidia and...
-
3 Top 5G Semiconductor Stock Picks From BofA
Friday, May 22, 2020 - 12:14pm | 448Read More...The rollout of 5G wireless networks around the world is one of the biggest potential stock market catalysts in the coming years — especially for semiconductor stocks. Some companies will certainly benefit from the 5G network boom more than others. BofA Securities analyst Vivek Arya said...
-
9 Nvidia Analysts On Q1 Beat, Ampere GPU: 'A Pure Play In Accelerated Computing'
Friday, May 22, 2020 - 11:47am | 1324Read More...NVIDIA Corporation (NASDAQ: NVDA) reported strong fiscal year 2021 first-quarter results Thursday after the close, sending the chipmaker's stock higher Friday. The Nvidia Analysts UBS Securities analyst Timothy Arcuri maintained a Buy rating on Nvidia shares and raised the price target...
















