Technology

Nvidia Plans to Make Arm-based Computer Chips

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Nvidia (NVDA) is designing CPUs that will be able to run Microsoft’s (MSFT) operating system and use technology from Arm, Reuters reported Monday, quoting unnamed sources with knowledge of the situation. The move is part of Microsoft’s plan to help chipmakers build Arm-based processors for computers with Windows, the report said. Advanced Micro Devices (AMD) is also planning to make chips for computers with Arm technology, Reuters reported, adding that Nvidia and AMD may sell the chips as soon as 2025. Reuters said that spokespeople for Nvidia, AMD, Arm and Microsoft declined to comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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CFRA Maintains Buy Recommendation On Shares Of Nvidia Corp.

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: According to Reuters, NVDA intends to begin designing CPUs for PCs on ARM-based architecture as early as CY 2025 (AMD also plans to do the same). We would note the market is currently dominated by INTC and AMD’s x86 chips, while QCOM has been developing ARM-based CPUs for years now. Windows has lost considerable share since Apple’s decision to start designing ARM-based CPUs for Macs, and Microsoft could be luring others to develop CPUs (exclusive QCOM ARM contract expires in 2025) to reduce its high emphasis on Intel. We think the news is a positive for NVDA as it further expands the company’s addressable market and adds further fuel to its CPU initiatives (recently launched Grace CPU in data centers). We highlight that developing an all-encompassing CPU

CFRA Maintains Buy Recommendation On Shares Of Nvidia Corp. Read Post »

CFRA Maintains Hold Recommendation On Shares Of Intel Corporation

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: According to a Reuters report, NVIDIA intends to begin designing CPUs for PCs on ARM-based architecture as early as CY 2025 (AMD also plans to do the same). We would note the market is currently dominated by INTC and AMD’s x86 chips while QUALCOMM has been developing ARM-based CPUs for years now. Windows-based PCs have lost considerable share in recent years and Microsoft could be luring others to get into the market (exclusive QUALCOMM ARM-based contract expires in 2025) developing CPUs to reduce its high emphasis on INTC. We believe that INTC is clearly poised to be the biggest loser (best case scenario is no share loss) as the PC space adds more CPU competitors into the market, with INTC generating about half its revenue from the

CFRA Maintains Hold Recommendation On Shares Of Intel Corporation Read Post »

CFRA Upgrades Shares Of Lam Research Corporation To Buy From Hold

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target by $13 to $741 based on a P/E of 24x our CY 24 EPS view of $30.87. Our multiple is near semi equipment peers, but a premium to LRCX’s three-year historical average (19x), justified, in our view, by its increasing exposure to high-growth markets like high-bandwidth memory, advanced packaging, and backside power delivery. We increase our FY 24 (Jun.) EPS estimate by $1.79 to $28.73 and our FY 25 estimate by $0.22 to $35.43, with near-term strength driven by trailing-edge sales into China. Chinese customers accounted for 48% of revenue during the Sep-Q, a significant increase from 26% during the Jul-Q. We are skeptical if this pace of growth is sustainable in the long term, but we think China demand remains elevated

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CFRA Maintains Strong Buy Recommendation On Shares Of Asml Holding N.v.

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We reduce our 12-month target by $117 to $731, 35x our 2024 EPS view, above peers due to ASML’s monopoly position in EUV and strong growth expected in 2025. We up our 2023 EPS estimate by EUR0.68 to EUR19.60, but reduce 2024’s by EUR3.05 to EUR19.88 as more sales are pushed into 2025 (we also start our 2025 EPS estimate at EUR25.56). ASML printed Q3 EPS of EUR4.81 (+12% Y/Y) and revenue of EUR6.67B (+15% Y/Y), both near consensus. Macro uncertainty is driving flat estimates for 2024 as ASML prepares for a strong 2025, driven by new global fab openings. We see 2024 estimates as conservative as demand for ASML’s systems remains above supply (backlog of EUR35B) and we see upside from a potential recovery in memory.

CFRA Maintains Strong Buy Recommendation On Shares Of Asml Holding N.v. Read Post »

Lam Research Guides For Q2 EPS of $6.25-$7.75 on Revenue of $3.4-$4.0 Billion, Vs CIQ Analyst Consensus of $6.75/Share on Revenue of $3.65 Billion

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Lam Research Guides For Q2 EPS of $6.25-$7.75 on Revenue of $3.4-$4.0 Billion, Vs CIQ Analyst Consensus of $6.75/Share on Revenue of $3.65 Billion。

Lam Research Guides For Q2 EPS of $6.25-$7.75 on Revenue of $3.4-$4.0 Billion, Vs CIQ Analyst Consensus of $6.75/Share on Revenue of $3.65 Billion Read Post »

Lam Research’s Fiscal Q1 Earnings, Revenue Decline; Issues Fiscal Q2 Outlook

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Lam Research (LRCX) reported fiscal Q1 diluted earnings late Wednesday of $6.66, down from $10.39 a year earlier. Analysts surveyed by Capital IQ expected $5.94. Revenue for the quarter ended Sept. 24 was $3.48 billion, down from $5.07 billion a year earlier. Analysts surveyed by Capital IQ expected $3.42 billion. The company said it expects fiscal Q2 non-GAAP diluted earnings of $7.00, plus or minus $0.75. Analysts surveyed by Capital IQ are expecting $6.75. Revenue for the second fiscal quarter is projected to be $3.7 billion, plus or minus $300 million. Analysts surveyed by Capital IQ are looking for $3.65 billion.

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ASML Posts Growth in Q3 Net Income, Sales

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ASML (ASML.AS) said Wednesday that net income and sales gained year over year in the third quarter of 2023. Net income for the three months ended Oct. 1 was 1.89 billion euros, compared with 1.70 billion euros a year ago. EPS was 4.81 euros, compared with 4.29 euros. Net sales of the chip-making equipment maker were 6.67 billion euros, compared with 5.78 billion euros previously. Analysts polled by Visible Alpha were expecting 1.80 billion euros in net income or 4.57 euros per share, while revenue was estimated at 6.69 billion euros. Meanwhile, the board announced an interim dividend of 1.45 euros per share for the period, payable on Nov. 10 to shareholders on record Nov. 2. It paid 1.37 euros per share a year ago. Looking ahead, the Dutch company expects net sales between 6.7 billion euros and 7.1 billion euros for the fourth quarter. It also restated its expectation

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