Latest news with #Maia200
Miami Herald
03-07-2025
- Business
- Miami Herald
Veteran fund manager makes bold move on Apple, Marvell
Chris Versace wants to start off the holiday weekend with a blast. The lead portfolio manager for TheStreet Pro Portfolio gave readers an update on chipmaker Marvell Technology (MRVL) and computer giant Apple (AAPL) . Don't miss the move: Subscribe to TheStreet's free daily newsletter Versace said Marvell shares moved lower, following a report from The Information that said Microsoft (MSFT) intends to release its most powerful in-house AI chips in 2028 or beyond as it focuses on chips it can better develop in the interim. The report also suggested Microsoft has pushed back the release of its Maia 200 chipset to 2026 from 2025, he said. "The move lower in MRVL shares reflects that pushout, but while Microsoft is a custom AI silicon partner for Marvell, so too are Amazon (AMZN) and Meta (META) , and as we learned at the company's recent event, multiple up-and-coming hyperscalers as well," he hosted a "Custom AI" Investor Event on June 17 in New York where the company boosted its total available market to $94 billion by 2028, up 25% higher than the $75 billion by 2028 it outlined this time last year Following the pronounced run in Marvell shares, Versace said, "the same one that led us to bank some of that big move, we are not surprised that The Information's report dinged Marvell shares." More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time)Veteran portfolio manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion move "For us, the larger story is very much intact," he said. "While the Portfolio has a full position, if the shares pulled back a bit further to the $70 level, that would fill a modest gap in the chart, and be a nice pick-up point given our $115 target." Marvell is slated to report second quarter results next month. Shares are down 32% this year. Last month, B. Riley raised the firm's price target on Marvell to $115 from $110 and kept a buy rating on the shares following the company's custom AI investor webcast, according to The Fly. The firm said that it believes the update shows a "strong" next-generation AI growth inflection for Marvell. Turning to Apple, Versace noted that the computer giant's shares have been climbing recently, which is likely due to reports the company is weighing the benefits of using AI technology from Anthropic or OpenAI to power its long-awaited upgrade to Siri, rather than leaning on in-house solutions. Apple has had discussions with both companies about using their large language models for Siri, asking them to train versions that could run on Apple's cloud infrastructure for testing, Bloomberg reported, citing people familiar with the discussions. In March, Apple said AI improvements to its voice assistant Siri will be delayed until 2026, without giving a reason for the setback. Apple shook up its executive ranks to get its AI efforts back on track after months of delays, with Mike Rockwell taking charge of Siri, as CEO Tim Cook lost confidence in AI head John Giannandrea's ability to execute on product development, Bloomberg reported at the time. "We will want to see how this plays out, but should Apple decide to use one of those, it would likely accelerate the delivery of a more useful and smarter Siri," Versace said. "That would potentially charge up the iPhone upgrade cycle to newer models, a nice revenue driver for Apple." Related: Apple could make big change to Siri, delight fans Apple is scheduled to report third quarter results on July 31 and Versace said that, while the company is normally tight-lipped on its earnings calls, "odds are we will get some questions about this during the Q&A on its June quarter conference call." "We will be listening to see what is said," he said. Separately, Jefferies analyst Edison Lee upgraded Apple to hold from underperform with a price target of $188.32, up from $170.62. Counterpoint reported global iPhone's sales volume in April plus May was up 15% year-over-year, marking the strongest growth since Q3 of 2021. Tariff-driven pull-in demand and share recovery in China could drive June quarter revenue and EPS growth of about 8% and 10%, respectively, which would be roughly 5% and 9%, respectively, greater than consensus and greater than Apple's low-single digit revenue growth guidance, the analyst added while previewing fiscal Q3 results. While the market's benign view on tariffs is "likely overly optimistic," and Apple's service revenue has downside potential, Lee said, good Q3 results "could keep the stock stable" near-term. Meanwhile, Versace is tracking President Donald Trump's Big Beautiful Bill and the July 9 tariff deadline. "While we would like to see some of those uncertainties removed, the details for both will matter," he said. "Once we know them, we'll be better able to plot our moves." Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
03-07-2025
- Business
- Yahoo
Microsoft AI Chip Ambitions Hit Major Delays, Pushed to 2028
July 3 - Microsoft (NASDAQ:MSFT) has quietly pushed its in?house AI chip plans out to 2028 and beyond, according to a Wednesday report from The Information. Instead of racing to hit its 2025 goal, the company will double down on interim designs that are quicker to finish. That means the Maia 200 chip now isn't expected until 2026, a year later than originally intended. Maia 100, by contrast, launched last year as planned. Warning! GuruFocus has detected 6 Warning Sign with MSFT. The bigger stars of the lineup, Braga, Braga?R and the next?gen Clea, have run into snags. Braga only cleared testing last month, putting it about six months off schedule. Braga?R won't hit mass production until 2028, and Clea has been bumped even further down the road. These shifts ripple out to Marvell Technology (NASDAQ:MRVL), which builds critical components for Microsoft's AI efforts. MRVL shares dipped about 1% on Wednesday as investors weighed the news. Amazon Web Services (NASDAQ:AMZN) also leans on Marvell for its Trainium chips. By reshuffling its roadmap, Microsoft is aiming to rely less on Nvidia (NASDAQ:NVDA) while still keeping its AI engine humming. The big question now: can this slower, steadier approach deliver the performance the market expects? Despite the delays, Microsoft's commitment to custom AI silicon feels as strong as ever, and everyone's watching to see if the gamble pays off. 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
Yahoo
03-07-2025
- Business
- Yahoo
Microsoft Recalibrates Its AI Chip Roadmap
Microsoft (NASDAQ:MSFT) has pushed back its most ambitious in-house AI chipscodenamed Braga-R and Cleato 2028 or later, while deferring Maia 200 to 2026 and focusing on interim designs after development delays. Microsoft released its first in-house AI chip, Maia 100, last year and originally slated Maia 200 for 2025. Facing design and tooling hurdles, the company has now moved Maia 200 to 2026. Its follow-up Braga chip only wrapped up design last monthsix months lateand the successor Braga-R won't reach mass production until 2028. Warning! GuruFocus has detected 6 Warning Sign with MSFT. Clea, the third-generation AI ASIC, has slipped even further into a post-2028 timeline. These delays ripple through Microsoft's supplier Marvell Technology (NASDAQ:MRVL), which provides key chip components and saw its shares dip on the news. Custom AI silicon is a strategic lever for hyperscalers to optimize cost and performance, but extended timelines risk keeping Microsoft tethered to Nvidia's (NASDAQ:NVDA) GPUs. Slower in-house rollouts could impact Microsoft's large-scale AI deployments and cede momentum to rivals like Amazon Web Services (NASDAQ:AMZN), which itself partners with Marvell on its Trainium chips. By reprioritizing interim designs through 2026 and beyond, Microsoft aims to maintain progress in custom silicon, but it now faces a critical balancing act between in-house innovation and third-party dependencies. This article first appeared on GuruFocus.
Yahoo
03-07-2025
- Business
- Yahoo
Microsoft AI Chip Ambitions Hit Major Delays, Pushed to 2028
July 3 - Microsoft (NASDAQ:MSFT) has quietly pushed its in?house AI chip plans out to 2028 and beyond, according to a Wednesday report from The Information. Instead of racing to hit its 2025 goal, the company will double down on interim designs that are quicker to finish. That means the Maia 200 chip now isn't expected until 2026, a year later than originally intended. Maia 100, by contrast, launched last year as planned. Warning! GuruFocus has detected 6 Warning Sign with MSFT. The bigger stars of the lineup, Braga, Braga?R and the next?gen Clea, have run into snags. Braga only cleared testing last month, putting it about six months off schedule. Braga?R won't hit mass production until 2028, and Clea has been bumped even further down the road. These shifts ripple out to Marvell Technology (NASDAQ:MRVL), which builds critical components for Microsoft's AI efforts. MRVL shares dipped about 1% on Wednesday as investors weighed the news. Amazon Web Services (NASDAQ:AMZN) also leans on Marvell for its Trainium chips. By reshuffling its roadmap, Microsoft is aiming to rely less on Nvidia (NASDAQ:NVDA) while still keeping its AI engine humming. The big question now: can this slower, steadier approach deliver the performance the market expects? Despite the delays, Microsoft's commitment to custom AI silicon feels as strong as ever, and everyone's watching to see if the gamble pays off. 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
