Latest news with #SamikChatterjee
Yahoo
2 days ago
- Business
- Yahoo
iPhone 17 May Disappoint—But Apple's (AAPL) Foldable Future Has Wall Street Watching
Apple Inc. (NASDAQ:AAPL) is one of the . On June 26, JPMorgan analyst Samik Chatterjee lowered the price target on the stock to $230.00 (from $240.00) while maintaining an 'Overweight' rating. The firm has expressed its concerns regarding iPhone demand in the latter half of the year. The investment bank anticipates a moderation in iPhone demand, considering the recent pull-forward from consumers. Consumers had purchased devices ahead of the expected tariff-led price increases and to take advantage of the smartphone subsidies in China. The firm anticipates that these shifting buying patterns and the uncertain macroeconomic environment will impact the sales of the upcoming iPhone 17 series. An Apple store displaying the latest in consumer electronics, from smartphones to wearables. It also asserted that the iPhone 18 series will lead to a stronger cycle with the anticipated launch of a foldable smartphone along with further progress on AI features that have been 'long awaited and delayed relative to initial investor expectations.' Apple is a technology company known for its consumer electronics, particularly the iPhones and MacBooks. While we acknowledge the potential of AAPL 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. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
5 days ago
- Business
- Business Insider
Apple Stock (AAPL) Gets a Rare Price Target Cut from J.P. Morgan's Five-Star Analyst
J.P. Morgan has kept its Overweight rating on tech giant Apple (AAPL) but lowered its price target from $240 to $230. The firm expects slower revenue and earnings growth in the medium term, mainly due to a temporary boost in iPhone demand earlier this year that could reduce sales later on. Analysts, led by five-star-rated Samik Chatterjee, believe that the upcoming iPhone 17 will offer only minor improvements, which may not be enough to drive strong demand in the second half of the year. Confident Investing Starts Here: The team also sees weaker iPhone 17 sales ahead because of ongoing economic uncertainty and earlier purchases by customers trying to avoid price hikes from tariffs. In addition, it is worth noting that some of the recent demand was driven by smartphone subsidies in China. However, J.P. Morgan is more optimistic about the iPhone 18 lineup, which is expected to feature a foldable model and long-awaited AI upgrades. It believes that this could lead to stronger growth in Fiscal 2027, following a slower 2026, which helps form a long-term investment case for Apple. On the supply side, analysts noted that Apple's decision to shift more iPhone assembly from China to India should help protect its profit margins, despite earlier concerns. Still, new tariffs could lead Apple to raise prices, which might hurt iPhone 17 sales volume. J.P. Morgan has also lowered its earnings estimates and slightly reduced its valuation multiple, thanks to potential risks in the near future. That said, the firm still expects Apple to report strong results for the third quarter of Fiscal 2025, thanks to solid short-term demand and continued support from Chinese subsidies. Is Apple a Buy or Sell Right Now? Overall, analysts have a Moderate Buy consensus rating on AAPL stock based on 16 Buys, nine Holds, and four Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AAPL price target of $226.54 per share implies 13% upside potential.
Yahoo
19-06-2025
- Business
- Yahoo
Broadcom, Nvidia Tapped for AI's Next Big Wave in Optical Chips
June 19 The rise of artificial intelligence is likely to accelerate adoption of co-packaged optics, benefiting a broad swath of chip and component suppliers including Broadcom (NASDAQ:AVGO) and Nvidia (NASDAQ:NVDA), according to a note from J.P. Morgan on Wednesday. Co-packaged optics, or CPO, integrates optical and silicon components on a single substrate to address growing challenges in bandwidth, power efficiency, and cost. The technology, once viewed as a long-term bet, is now drawing more attention due to AI-related infrastructure demands, the analysts said. J.P. Morgan's Samik Chatterjee said that while technical obstacles such as thermal management and serviceability remain, progress on those fronts and the strain on existing technologies have started to shift sentiment toward CPO. Commercial traction may begin earlier than expected, with market value projected to exceed $5 billion by 2030. The firm sees multiple beneficiaries of this trend, including Advantest (ATEYY), ASMPT (ASMVF), Coherent (COHR), Corning (NYSE:GLW), Fabrinet (NYSE:FN), Lumentum (NASDAQ:LITE), Marvell Technology (NASDAQ:MRVL), Taiwan Semiconductor (NYSE:TSM), United Microelectronics (NYSE:UMC), and Cisco Systems (NASDAQ:CSCO), which is ramping investments. Despite disruption fears, existing optical suppliers are still expected to play a central role in the CPO ecosystem, according to the analysts. This article first appeared on GuruFocus.
Yahoo
11-06-2025
- Business
- Yahoo
J.P. Morgan Sees Major Revenue Potential for Cisco From Next-Gen Products
Cisco Systems, Inc. (NASDAQ:CSCO) is one of the best Dow stocks to invest in. According to a detailed report from J.P. Morgan, Cisco Systems, Inc. (NASDAQ:CSCO) is positioned for a potential boost in revenue as it prepares for a wave of upgrades and replacements in its Campus infrastructure, driven by the upcoming release of its next-generation Catalyst switch series, expected next week. The firm has an Overweight rating on the stock and a price target of $73. J.P. Morgan analysts, led by Samik Chatterjee, made the following comment: "We expect to see the launch of Catalyst-2026 switches to support revenue tailwinds for the company, driven largely by an ASP uplift associated with the next-generation product and a faster adoption ramp for Catalyst-2026 relative to the Catalyst 9K series. We forecast +3% port shipment growth, in line with historical trends for Cisco, to remain consistent going forward, and to lead to a medium-term revenue growth CAGR of +6% in Campus revenue for Cisco relative to +3% in the past few years." Cisco Systems, Inc. (NASDAQ:CSCO)'s fiscal third-quarter 2025 results, released in mid-May, led to several upward revisions in analyst ratings and price targets, fueled by strong performance in networking and growing momentum in artificial intelligence. Following the earnings, Wells Fargo raised its rating on the stock from Equal-weight to Overweight and increased its price target from $72 to $75. The company has benefited from the global expansion of AI, securing new agreements in markets such as Saudi Arabia and the UAE. Cisco has also stepped into the quantum computing space. Chatterjee further said: "Historically, Cisco has tended to upgrade its flagship Catalyst campus portfolio every 6-7 years. The company is likely to launch their next-generation Catalyst product portfolio—the next generation of the Catalyst 9K series—later this year (likely at Cisco Live 2025 next week) with the products being commercially available in 2026." Its annual Cisco Live event is taking place from June 8 to 12 in San Diego. While we acknowledge the potential of CSCO 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. Sign in to access your portfolio
Yahoo
09-06-2025
- Business
- Yahoo
Qualcomm Bets $2.4 Billion On Alphawave To Power AI Data Centers
Qualcomm Inc (NASDAQ:QCOM) announced on Monday that it has agreed to acquire semiconductor company Alphawave IP Group Plc for approximately $2.4 billion in cash. The purchase price implies 183 pence per share for Alphawave, implying close to a 96% premium to the price immediately before Qualcomm disclosed its interest in the company. The acquisition of Alphawave Semi aims to further accelerate, and provide key assets for, Qualcomm's expansion into data centers. Qualcomm Oryon CPU and Hexagon NPU processors are well positioned to meet the growing demand for high-performance, low-power computing, which is being driven by a rapid increase in AI inferencing and the transition to custom CPUs in data centers, the company said in a press release. Also Read: The deal, subject to regulatory and shareholder approval, will likely close in the first quarter of 2026. Qualcomm held $13.85 billion in cash and equivalents as of March 31, 2025. In May, JP Morgan analyst Samik Chatterjee said Alphawave has higher strategic importance for Qualcomm, which has recently more explicitly outlined its intent to pursue the data center market as another pillar of growth and diversification. The analyst said Alphawave's acquisition and capabilities regarding data center connectivity IP would complement its earlier acquisition of Nuvia and its capabilities for designing data center CPUs and AI inference chips based on custom ARM cores. Chatterjee expects Alphawave's breadth of capabilities to add to Qualcomm's portfolio, positioning the company to benefit from tailwinds related to strong growth in Custom silicon and ASIC adoption within AI infrastructure and development in content about connectivity products within AI data centers. He added that Alphawave's immediate contribution to Qualcomm's financial performance is unlikely material, but the company expects synergies from its entry into the broader data center TAM. Price Action: QCOM stock is trading higher by 0.19% to $149.52 premarket at last check Monday. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? QUALCOMM (QCOM): Free Stock Analysis Report This article Qualcomm Bets $2.4 Billion On Alphawave To Power AI Data Centers originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
