Latest news with #BenReitzes
Yahoo
15 hours ago
- Business
- Yahoo
Jim Cramer on NVIDIA Stock: 'I Don't See It Tripling From Here'
NVIDIA Corporation (NASDAQ:NVDA) is one of the 11 stocks Jim Cramer put under the microscope recently. The company was mentioned during the episode, and here's what Mad Money's host had to say: 'If the semis became like the oils in 1980, then tech would… account for about 60% of the S&P 500. I think that's unrealistic… I just think we gotta curb our enthusiasm a little bit, and everyone knows I love the sector. It's hard to accept that a stock like NVIDIA, currently the largest company in the world, could double or even triple if Reitzes' (Ben Reitzes, Managing Director and Head of Technology Research at Melius Research) bullish forecast comes to life. But that's what would have to happen. Again, I think the world of NVIDIA, but I don't see it tripling from here, at least not anytime soon… Congratulations to NVIDIA for reclaiming the crown of the largest company. It is a stunning achievement.' A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA (NASDAQ:NVDA) develops advanced computing, graphics, and networking technologies. The company provides a wide range of products and software that support data centers, AI, robotics, gaming, virtual computing, and automotive systems, including cloud services and digital twin applications tailored for enterprise AI use. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
15 hours ago
- Business
- Yahoo
Jim Cramer on NVIDIA Stock: 'I Don't See It Tripling From Here'
NVIDIA Corporation (NASDAQ:NVDA) is one of the 11 stocks Jim Cramer put under the microscope recently. The company was mentioned during the episode, and here's what Mad Money's host had to say: 'If the semis became like the oils in 1980, then tech would… account for about 60% of the S&P 500. I think that's unrealistic… I just think we gotta curb our enthusiasm a little bit, and everyone knows I love the sector. It's hard to accept that a stock like NVIDIA, currently the largest company in the world, could double or even triple if Reitzes' (Ben Reitzes, Managing Director and Head of Technology Research at Melius Research) bullish forecast comes to life. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA (NASDAQ:NVDA) develops advanced computing, graphics, and networking technologies. The company provides a wide range of products and software that support data centers, AI, robotics, gaming, virtual computing, and automotive systems, including cloud services and digital twin applications tailored for enterprise AI use. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
This AI Stock Could Still Have Room to Run—Analyst Boosts AMD to $175
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the . On June 23, Analyst Ben Reitzes from Melius Research upgraded shares of AI stock to 'Buy' and raised his price target by $65 to $175. Reitzes believes AMD stock can surge 36.5%. 'Many things have changed for the better since the beginning of the year. If we are right, the stock has a lot more to go, despite missing the initial move off the bottom.' The firm has cited growing opportunities tied to graphics processing units for 2026 to 2028, pointing to 'a sustainable surge in inferencing,' which analysts believe has been much bigger of a business than initially expected. AMD's platform appears to be increasingly attractive for hyperscalers and sovereigns. 'We have increased conviction that investors will gain more confidence in GPU momentum over the next year, which means we could be just in the middle of a historic run in the stock.' The firm anticipates continued growth in AMD's artificial intelligence-related business segments, projecting that its EPS may 'top $8 within 2 years.' Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and Disclosure: None.
Business Insider
4 days ago
- Business
- Business Insider
‘Time to Jump In,' Says Analyst as He Upgrades Rating and PT on AMD Stock
Semiconductor giant Advanced Micro Devices (AMD) is starting to gain traction in the AI race, after earlier concerns about lagging Nvidia (NVDA). The stock is down 19% over the past year but is up more than 7% year-to-date. In a new update, Melius Research analyst Ben Reitzes upgraded the stock to Buy from Hold and raised the 12-month price target to $175.00 from $110.00, suggesting an impressive 35% upside from current levels. He believes the company's position has improved meaningfully in the AI space since the start of the year. Confident Investing Starts Here: Analyst Sees AI Upside Still Not Priced In According to Reitzes, AMD has moved past the early rebound phase and is now 'in the middle' of a broader rally, with further upside expected. While shares have seen big swings—rising to $211 last year before falling below $80 in 2025—he believes that recent progress isn't yet fully reflected in the price. One key reason behind this view is the growing demand for AMD's AI chips. The analyst pointed to strong interest from cloud providers and government-backed firms in AMD's MI300 and MI350 chips—both built for AI tasks. The upcoming MI400 line is also drawing early attention. He believes AI inferencing is turning out to be 'much bigger' than expected. With stronger memory and better software, AMD's chips are becoming more attractive to high-end buyers. The analyst also pointed to AMD's partnerships with Amazon (AMZN), Meta (META), OpenAI, and Saudi-based AI group HUMAIN. It's important to highlight that AMD and HUMAIN are investing up to $10 billion in data center projects across the Middle East. Melius believes this could drive major gains in the region, where AMD's market share may surpass its global share. Other Segments Show Signs of Strength While AI remains the top driver, Reitzes also noted signs of strength in AMD's PC business, due to higher average selling prices and modest share gains from Intel (INTC). These gains could help buffer AMD if Nvidia eventually enters the PC CPU market. Looking ahead, he also expects continued growth in AMD's server chip business. New products like the 'Venice' CPU and the 'Helios' rack-scale platform could help boost its presence in large data centers. Given these tailwinds, the firm has raised its earnings estimates through 2027. It now expects EPS to reach $3.88 this year, rising to $5.77 in 2026 and $7.08 in 2027. The analyst adds that if AMD captures more than 5% of the global AI chip market, the upside could be even higher. Is AMD Stock a Buy or Sell Now? To summarize, Wall Street is cautiously optimistic on Advanced Micro Devices stock, with a Moderate Buy consensus rating based on 22 Buys and 10 Holds. The average AMD stock price target of $132.17 indicates a modest upside potential of 2% from current levels.
CNBC
10-06-2025
- Business
- CNBC
Apple's developers conference left Wall Street analysts underwhelmed. Here's what they said
Wall Street analysts remained unimpressed following Apple's annual developer conference on Monday, after the iPhone maker failed to introduce substantial artificial intelligence updates. Apple unveiled several software updates including "Liquid Glass," its first major redesign of its iPhone operating system since 2013. Still, this wasn't enough to outweigh the disappointment that Apple hasn't made as much progress on the AI front as competitors such as Google and OpenAI. The stock lost more than 1% on Monday following the announcements and were flat on Tuesday. "The new software looks very nice but isn't exactly the kind of stuff that drives the "buy orders" on the trading desk," Melius Research analyst Ben Reitzes wrote. To be sure, many analysts kept their ratings and price targets unchanged. Here's what some at major shops on Wall Street had to say: Barclays keeps underweight rating and price target of $173 Analyst Tim Long's target implies about 14% downside from Monday's close. "We were not expecting much from the annual WWDC keynote, but were still slightly disappointed at the content and features announced today. We view changes to all device Operating Systems and Apple Intelligence as incremental, and not enough to drive any upgrade cycles." UBS reiterates neutral rating and $210 per share price target UBS' target calls for 4% upside. "WWDC announcements are more evolutionary than revolutionary in our view. Apple made a number of software-related announcements at its annual developer conference, marking the second year in a row where WWDC was largely software-focused and in our view unlikely to drive iPhone demand. While we believe some investors were hopeful that Apple could announce a new iPhone form factor or a 'killer' Apple Intelligence app, the updates were in-line with our more modest expectations. Therefore, we believe consensus iPhone revenue estimates over the next 4 quarters are too optimistic." Bank of America keeps buy rating, $235 per share price target Analyst Wamsi Mohan's price target is approximately 17% above Apple's closing price on Monday. "Overall, Apple is expanding its AI offering and leaning into its ecosystem and reputation for seamlessness by standardizing both tools and the OS across their products. Maintain Buy on resilient earnings, strong capital returns and optionality to monetize incremental avenues of growth." Morgan Stanley reiterates overweight rating, price target of $235 "WWDC 2025 was more akin to 'dub dub' of old, featuring a focus on OS design overhauls and product UI unification, alongside a sprinkling of AI upgrades. Sentiment is unlikely to shift until more tangible AI progress is evident, though Apple clearly still has the ingredients to make it an AI winner." Citi maintains buy rating, keeps price target at $240 Analyst Atif Malik's price target implies upside of 19% ahead. "Apple held its 2025 WWDC today with a major revamp of its software designs across Apple platforms, new operating systems, and Apple Intelligence updates. Overall, we like the new and more unified 'Liquid Glass' design across all platforms, the continued improvement on Vision Pro, the more Mac-like iPadOS and more iPhone apps on MacOS for continuity, and how Apple Intelligence is deeply integrated in apps across Apple devices, even though we acknowledge that investors focus is on the previously delayed personalized Siri update to 2026." JPMorgan keeps overweight rating and $240 per share price target "Apple's WWDC event did not include any major surprises that would convince investors around material changes to their outlook for either iPhones (or other devices) with the company marking out a set of incremental updates to its platform on different devices as well as opening up access to on-device Foundational AI models to developers — which can potentially be instrumental in driving interesting use cases/applications for consumers in time, but with limited immediate tailwinds." Goldman Sachs reiterates buy rating and $253 price target The bank's forecast corresponds to a potential upside of 26%. "AAPL traded down ~1% following the WWDC25 keynote (note: AAPL declined 2% last year after WWDC24), where the company announced design improvements and new features across its operating systems and first-party apps, but failed to demonstrate substantial progress in Apple Intelligence." Melius Research reiterates buy rating, $240 price target "WWDC25 didn't have anything groundbreaking that would change the narrative. Apple still needs to reignite confidence in its services business with new innovations (not toll-taking) and re-accelerate iPhone revenues with new designs. The next potential catalyst for Apple is likely the launch of those new iPhones in September including an 'Air' model and higher value models that could help drive category growth." — CNBC's Michael Bloom contributed to this report.
