Latest news with #TimothyArcuri
CNBC
06-06-2025
- Business
- CNBC
Here's what Wall Street has to say about Broadcom's second-quarter results
Analysts from several major Wall Street banks walked away from Broadcom 's latest quarterly report with more conviction on the stock. The chipmaker reported fiscal second-quarter revenue and profits on Thursday that exceeded analysts' estimates, and also gave strong guidance for the current quarter. Broadcom's adjusted earnings per share of $1.58 on revenue of $15 billion beat the expected $1.56 per share and $14.99 billion from analysts polled by LSEG. Broadcom saw $4.4 billion in AI revenue during the quarter and said it expects $5.1 billion in AI chip sales in its fiscal third quarter. Shares dipped 2% in premarket trading as the company gave a weaker forecast for its non-AI semiconductor revenue, where analysts were hoping to see signs of a cyclical recovery. The stock has soared 45% in the past three months. Analysts held to a long-term bullish outlook on Broadcom and praised what they called strong growth visibility heading into its next fiscal year, confident in management reaffirming its hyperscale customers and highlighting a well-positioned networking business amid continued AI demand. Bank of America, for example, said to "ignore quarterly noise" and focus on Broadcom's strong AI growth targets. Take a look at what some had to say: JPMorgan: overweight, price target $325 from $250 Analyst Harlan Sur said Broadcom remains his top pick in semiconductors. His bullish price target indicates roughly 25% upside ahead for the stock over the next year. "We are encouraged by team's strong line of sight to FY26 AI revenue profile driven by strong cloud/hyperscaler capex spending trends with continued focus on AI training combined with accelerating AI inference workloads, continued ramp of Google's next-gen TPU v6/v7 3nm AI accelerator ASICs, ramp up of Meta 3nm, and continued strong adoption of ethernet networking," he wrote in a note to clients. Overall, the team continues to drive a solid revenue growth profile even in a period of macro volatility given its portfolio breadth/diversification/product cycles." UBS: buy, lifts price target to $290 Analyst Timothy Arcuri bumped up his price target on Broadcom and called it "a clear AI winner." But the stock could consolidate some of its recent gains in the near term given already high investor expectations, he said. "Beyond the near-term, AVGO is likely to win on multiple fronts as hyperscaler customers look to create large heterogeneous compute clusters using either custom ASIC (the vast majority of which we think will be made by AVGO) or AMD alongside NVDA GPUs," Arcuri said in a Friday note. "AVGO's opportunity to link this all together using Ethernet should also scale alongside these solutions and AVGO also benefits from scaling out from cluster to cluster given its existing dominance in this market." Wells Fargo: equal weight, price target to $255 Analyst Aaron Rakers' price target implies Broadcom shares are expensive, and could fall about 2% from Thursday's close. Rakers highlighted Broadcom's "sustained AI momentum" into fiscal year 2026. "We continue to see shares representing a balanced risk/reward at current levels with significant leverage and an expectation that future acquisitions will remain a use of capital keeping us on the sidelines," Rakers said in a Thursday note. Deutsche Bank: buy, price target to $270 from $205 Analyst Ross Seymore expects the lack of recovery in Broadcom's non-AI business to remain a headwind heading into the fiscal fourth quarter, but expects greater focus on the growth trajectory of the company's AI business in the future. "Overall, the combination of secular growth (AI), continued software integration and execution (Vsphere contract conversions), and a potential cyclical rebound in the non-AI semis components should set the company up well for both the short- and longterm," Seymore said in a note. "Consequently, with our increased confidence in AVGO's ability maintain its AI growth in FY26 leading to a nearly +10% rise in our CY26 EPS ests, we maintain our buy rating." Bank of America: buy, price target to $300 from $240 Analyst Vivek Arya's new price target suggests the stock could gain another 15% in the coming year. A risk is that Broadcom is trading at the upper end of its historical range and at a premium to market leader Nvidia, he said. "While some might be disappointed AVGO did not update its FY27 $60-$90bn AI TAM, we believe it's only a matter of time especially as FY27 sell-side AI revenue cons. ests. is still well below $45bn, so plenty of headroom for upgrades," Arya wrote in a note. "Reit. Buy, a top computing and top-5 sector pick on unique mix of capital appreciation and consistent dividend growth with a blend of recurring (50% software), secular (AI) and cyclical (non-AI) profiles."
Globe and Mail
04-06-2025
- Business
- Globe and Mail
Analysts' Top Technology Picks: Nvidia (NVDA), Credo Technology Group Holding Ltd (CRDO)
There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Nvidia (NVDA – Research Report), Credo Technology Group Holding Ltd (CRDO – Research Report) and Pegasystems (PEGA – Research Report) with bullish sentiments. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Nvidia (NVDA) UBS analyst Timothy Arcuri maintained a Buy rating on Nvidia today and set a price target of $175.00. The company's shares closed last Monday at $137.38. According to Arcuri is a top 25 analyst with an average return of 31.2% and a 70.9% success rate. Arcuri covers the Technology sector, focusing on stocks such as Advanced Micro Devices, ARM Holdings PLC ADR, and Allegro MicroSystems. ;'> Nvidia has an analyst consensus of Strong Buy, with a price target consensus of $171.62, which is a 26.7% upside from current levels. In a report issued on May 19, Raymond James also reiterated a Buy rating on the stock with a $150.00 price target. Credo Technology Group Holding Ltd (CRDO) In a report released today, Thomas O'Malley from Barclays maintained a Buy rating on Credo Technology Group Holding Ltd, with a price target of $85.00. The company's shares closed last Monday at $62.65. According to O'Malley is a 4-star analyst with an average return of 8.5% and a 49.8% success rate. O'Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and Silicon Laboratories. ;'> Currently, the analyst consensus on Credo Technology Group Holding Ltd is a Strong Buy with an average price target of $66.13, a 9.8% upside from current levels. In a report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $80.00 price target. Pegasystems (PEGA) In a report released today, Jake Roberge from William Blair maintained a Buy rating on Pegasystems. The company's shares closed last Monday at $96.96. According to Roberge has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.6% and a 39.3% success rate. Roberge covers the Technology sector, focusing on stocks such as Onestream, Inc. Class A, Mitek Systems, and Jamf Holding. ;'> Currently, the analyst consensus on Pegasystems is a Strong Buy with an average price target of $105.80.
Yahoo
02-06-2025
- Business
- Yahoo
UBS: Nvidia Could Capture $20 Billion from Texas AI Center
Nvidia (NASDAQ:NVDA) and Oracle (NYSE:ORCL) stand to reap massive windfalls from Texas's AI-focused Stargate data center, with UBS estimating up to $20 billion in GPU revenue for Nvidia and over $2 billion for Oracle Cloud Infrastructure. Warning! GuruFocus has detected 7 Warning Signs with CRWV. At full build-out, the Abilene, Texas site could demand 400,000 Nvidia GB200 GPUstranslating to roughly $20 billion in sales and an extra $5 billion in networking revenue as OpenAI scales compute capacity via partnerships with Oracle, Microsoft (NASDAQ:MSFT) and CoreWeave (NASDAQ:CRWV). Meanwhile, Oracle's OCI could host a 100,000-GPU cluster in Phase 1 alone, driving at least $2 billion in revenue and igniting a potentially material backlog event as OpenAI shifts more workloads from Microsoft. For OpenAI, the center's capacity is critical: recent GPU constraints forced product throttling amid surging ChatGPT demand, and Abilene's additional supply will let OpenAI accelerate its roadmap and reclaim momentum. UBS analysts Karl Keirstead, Timothy Arcuri and Radi Sultan argue that as OpenAI pursues deeper infrastructure control, Stargate's scale could reshape the competitive landscape for AI infrastructure providers. Investors should care because Nvidia's GPUs and Oracle's cloud services are positioned at the heart of America's $500 billion AI push, and securing large-scale, multi-year commitments at Stargate could be a game-changer for both companies' growth trajectories. 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
02-06-2025
- Business
- Yahoo
UBS: Nvidia Could Capture $20 Billion from Texas AI Center
Nvidia (NASDAQ:NVDA) and Oracle (NYSE:ORCL) stand to reap massive windfalls from Texas's AI-focused Stargate data center, with UBS estimating up to $20 billion in GPU revenue for Nvidia and over $2 billion for Oracle Cloud Infrastructure. Warning! GuruFocus has detected 7 Warning Signs with CRWV. At full build-out, the Abilene, Texas site could demand 400,000 Nvidia GB200 GPUstranslating to roughly $20 billion in sales and an extra $5 billion in networking revenue as OpenAI scales compute capacity via partnerships with Oracle, Microsoft (NASDAQ:MSFT) and CoreWeave (NASDAQ:CRWV). Meanwhile, Oracle's OCI could host a 100,000-GPU cluster in Phase 1 alone, driving at least $2 billion in revenue and igniting a potentially material backlog event as OpenAI shifts more workloads from Microsoft. For OpenAI, the center's capacity is critical: recent GPU constraints forced product throttling amid surging ChatGPT demand, and Abilene's additional supply will let OpenAI accelerate its roadmap and reclaim momentum. UBS analysts Karl Keirstead, Timothy Arcuri and Radi Sultan argue that as OpenAI pursues deeper infrastructure control, Stargate's scale could reshape the competitive landscape for AI infrastructure providers. Investors should care because Nvidia's GPUs and Oracle's cloud services are positioned at the heart of America's $500 billion AI push, and securing large-scale, multi-year commitments at Stargate could be a game-changer for both companies' growth trajectories. This article first appeared on GuruFocus.
Yahoo
24-05-2025
- Business
- Yahoo
UBS Lowers Analog Devices (ADI) Price Target, Keeps Buy Rating
On Friday, May 23, UBS analyst Timothy Arcuri reduced the price target on Analog Devices, Inc. (NASDAQ:ADI) to $285 from $295 but kept a 'Buy' rating. This adjustment reflects a slight reduction in estimates for the second half of the year. Arcuri noted that the company's automotive business is affected by 'pull-ins.' These are orders that have been requested to be completed earlier than initially planned. Despite that, the guidance and commentary by Analog Devices, Inc. (NASDAQ:ADI) about underlying demand, especially for its industrial segment, were positive. Arcuri pointed out that this view matched with what Texas Instruments had said, which is another big player in the sector. A technician working on power management in a semiconductor factory. The UBS analyst is confident in Analog Devices, Inc. (NASDAQ:ADI) because of its strong position in fast-growing markets like EVs, advanced driver-assistance systems (ADAS), and certain areas of the industrial market. Arcuri believes that the company's leverage in these areas is a key factor that supports the Buy rating. However, the analyst did caution that tariffs could hurt demand in the second half of the year. Despite this concern, he still remains optimistic about Analog Devices, Inc.'s (NASDAQ:ADI) future, believing that the analog market will recover. While we acknowledge the potential of ADI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADI and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
