Latest news with #HarshKumar
Time of India
3 days ago
- Time of India
Drunk 17-year-old misses target; man dies as plot to frame GF's kin goes awry
Representative image. MEERUT: Harsh Kumar didn't plan to die that night. He planned to make a statement—loud, painful, and staged. Somewhere between desperation and drunkenness, the 21-year-old convinced a teen friend to help him pull off a bizarre scheme: get shot, survive, and blame it all on his girlfriend's family—people who he believed were standing between him and the woman he loved. 'Shoot me in the stomach. I want to frame her family for resisting our relationship,' he allegedly told the 17-year-old friend and drinking companion late on Tuesday. But the bullet didn't follow the script. It struck his chest. On Wednesday morning, Harsh's bullet-hit body was found in an agricultural field in Meerut's Ganga Nagar area, with a country-made pistol lying nearby. SSP Dr Vipin Tada said, 'We rushed to the spot, identified the body, and informed his family.' Harsh's family, residents of the same locality, immediately pointed fingers at the woman's relatives. 'They were against the relationship. They must have done this,' the family claimed. However, six hours later, the story unravelled. The Class 11 boy broke down during questioning. 'On the night of the incident, Harsh, who was unemployed, called him to the field after buying alcohol. Both drank together. Harsh wanted the juvenile to shoot him in a way that wouldn't be fatal. But the bullet hit his chest instead of the stomach. He died on the spot. The boy was drunk when he pulled the trigger,' the SSP said. The minor panicked and discarded the pistol near the body, tossed Harsh's phone onto the roof of a nearby tubewell, and fled—perhaps hoping the story would end there. 'The boy has been booked under BNS section 103 (murder) and sent to a juvenile home. Harsh and the woman were in a relationship for over two years,' Tada said.
Business Insider
3 days ago
- Business
- Business Insider
Micron Stock Just Got a Massive Forecast Boost; Here's Why $145 Might Still Be Conservative
Wall Street is finally catching up to what investors betting on AI infrastructure already knew: Micron (MU) is not just back, it's breaking records. Stifel just raised its price target to $145 from $130 following a monster earnings print and a rosy outlook, joining a chorus of firms that now see Micron as a core beneficiary of the AI memory boom. Confident Investing Starts Here: The new target implies nearly 14% upside from current levels, but some analysts say that still doesn't price in the full story. Record Revenue. HBM Frenzy. And More to Come. Micron's Fiscal Q3 revenue hit $9.3 billion, handily beating expectations of $8.84 billion and marking a sharp leap from $8.05 billion last quarter, and $6.81 billion the year before. DRAM revenue reached all-time highs, HBM demand nearly doubled quarter-over-quarter, and the company is forecasting Q4 revenue of $10.7 billion. Yes, $10.7 billion. That would be up 15% sequentially, a jaw-dropping figure for a chipmaker in what's historically been a cyclical memory game. But this isn't just another cycle. We're in an AI boom, and Micron is one of the frontrunners with the kind of product mix Wall Street loves. HBM, the high-bandwidth memory that powers AI models at data centers, is a standout. Even DRAM for consumer devices saw sequential strength, signaling broad-based momentum. Analysts Raise Price Targets for Micron Stock Stifel wasn't the only one to take notice. Piper Sandler's Harsh Kumar bumped the target to $165. KeyBanc's John Vinh followed at $160. Raymond James analyst Srini Pajjuri lifted his to $150. And Barclays' Tom O'Malley made one of the boldest moves of the bunch, hiking his price target to $140 from just $95. Yes, that's a $45 jump in one shot. Why the optimism? Analysts see three overlapping catalysts: AI-driven infrastructure spend: HBM is the 'picks and shovels' trade in the AI gold rush. Margin strength: Micron guided for 42% gross margins next quarter, well ahead of expectations. Product mix shift: Higher-value chips are gaining share — a margin tailwind into year-end. Even with shares up 50% year-to-date, bulls argue the valuation still lags the growth trajectory. HBM4 and U.S. Investment Ramp-Up Micron just began shipping its HBM4 chips, the next-gen memory for cloud AI, and announced plans to invest an additional $30 billion in U.S. manufacturing and R&D. That brings its total U.S. commitment close to $200 billion. Gone are the days of Micron as a basic memory supplier. It's now a core player in AI infrastructure, armed with capital, demand, and direction. Micron's Run Is Not Over If you think Micron's run is done, check your assumptions. What looked like a cyclical rebound last year has turned into a structural shift. From Nvidia's GPUs to AMD's accelerators, every AI model needs memory that is fast, stacked, and power-efficient. Micron is one of the few players delivering that at scale. Micron might be a memory company by name. But in 2025, memory is the trade. Is Micron a Good Stock to Buy Today? According to TipRanks data, Micron (MU) holds a 'Strong Buy' rating based on 16 analyst reviews over the past three months. 14 analysts rate it a Buy, two say Hold, and none recommend a Sell. The average 12-month MU price target sits at $135.81, suggesting a 6.7% upside from the current price of $127.25.
Yahoo
20-06-2025
- Business
- Yahoo
Wall Street Is Bullish on AMD's s AI Push—Here's Why
Advanced Micro Devices, Inc. (NASDAQ:) is one of the . On June 16, Piper Sandler analyst Harsh Kumar raised the price target on the stock to $140.00 (from $125.00) while maintaining a 'Overweight' rating. The firm cited growing optimism in the company's graphics processing unit (GPU) segment and confidence in its ability to continue driving strong results behind the price target raise. Piper Sandler is optimistic about AMD's latest product launches, particularly the new Helios rack system. It believes the system could boost growth in AMD's Instinct AI accelerator business. The firm made these comments shortly after the company revealed its new MI350 AI chips and previewed the upcoming MI400 series. Kumar also highlighted AMD's biggest segment, its client business, which is starting to show signs of improvement. The company's 'pull-ins' reflect how customers are ordering earlier than expected. Kumar further added that AMD's GPU business could revive by the fourth quarter of Fiscal 2025 once China-related issues resolve. To conclude, investors are confident about AMD's strategy and upcoming AI products. The firm's revised forecast suggests that the company can sustain ground in the competitive semiconductor market. 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: and Disclosure: None.
Yahoo
18-06-2025
- Business
- Yahoo
Why Advanced Micro Devices Rallied Today
AMD got a price target bump from a Wall Street analyst today. The move comes on the heels of last week's big artificial intelligence (AI) GPU introduction event for the new MI350 accelerators and upcoming Helios racks. The analyst also sees green shoots in the client business. 10 stocks we like better than Advanced Micro Devices › Shares of artificial intelligence (AI) chipmaker Advanced Micro Devices (NASDAQ: AMD) rallied 9.8% on Monday, as of 12:43 p.m. ET AMD made some big product announcements last week, especially around AI. Today, a Wall Street analyst wrote his positive conclusion on the event, and revealed some positive industry data in the PC space, too. Last week's big event centered on AMD's new Instinct MI350 accelerators, and upcoming MI400 "Helios" racks, which will be available next year. But one sell-side analyst also sees some optimistic signs in AMD's client business, which led to a price target bump today. On Monday, Piper Sandler semiconductor analyst Harsh Kumar noted he is seeing some "pull-ins" in the client space, which used to be AMD's largest, but is now its second largest after data centers. The PC has been mired in somewhat of a downturn for a few years now, but a combination of aging pandemic-era PCs, new AI PC capabilities, pull-ins ahead of potential further tariffs, and the coming phaseout of the Windows 10 operating system may be spurring a nice refresh cycle. In addition, some investors were worried about the sequential decrease in AMD's data center and GPU revenue last quarter, where AMD hopes to compete more effectively against Nvidia. However, in the note today, Kumar also noted he sees a "snap-back" in that area, in the second half of the year, based on the new Instinct MI350 chips, which will be available in the second half of 2025, and "Helios" rack-scale systems, which will become available in the latter part of 2025. As a result, Kumar raised his price target on AMD to $140, up from $125. There are a lot of questions surrounding AMD at this moment, namely whether there is a place for its Instinct AI accelerators in the AI world where Nvidia currently dominates, and large cloud companies are all now building more custom AI silicon themselves. However, it appears as though last week's product even was encouraging on that front, and that AMD's AI design progress and acquisitions are beginning to garner enthusiasm among the analyst community. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Why Advanced Micro Devices Rallied Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-06-2025
- Business
- Yahoo
Why AMD Shares Are Jumping Today
June 6 - Shares of Advanced Micro Devices (NASDAQ:AMD) climbed nearly 10% on Monday trading after Piper Sandler raised its price target, citing growing optimism in the company's graphics processing unit (GPU) segment. Warning! GuruFocus has detected 3 Warning Signs with AMD. In a note to clients, analyst Harsh Kumar said AMD's core client business is showing signs of recovery, pointing to early demand strength. Piper Sandler increased its price target on AMD to $140 from $125 while maintaining a Buy rating. The note follows recent updates from AMD, which unveiled its new MI350 series of AI accelerators last week and gave an early preview of the next-gen MI400 platform. These products are designed to compete in the fast-growing artificial intelligence hardware market. The rally in AMD comes amid heightened investor interest in chipmakers focused on AI workloads, a space where competitors such as Nvidia (NASDAQ:NVDA), Intel (NASDAQ:INTC), Marvell Technology (NASDAQ:MRVL), and Broadcom (NASDAQ:AVGO) also operate. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
