iPhone demand stabilizing, potential boost from AI supercycle

From Investing.com: 2024-05-26 04:40:07

Wedbush analysts believe that Apple’s iPhone is stabilizing and could see a significant boost with the upcoming AI-driven iPhone 16 supercycle. They raised the stock price target to $275 and expect ample monetization opportunities from AI technology in the Apple ecosystem.

Goldman Sachs analysts praised Microsoft for leading in Gen-AI adoption, stating that the company’s innovations position it to define broader AI technology usage. Microsoft’s efforts to ensure long-term relevance in new technologies were commended by analysts following its recent Build event.

Morgan Stanley upgraded Micron stock from Underweight to Equal Weight, admitting that staying negative was a mistake due to the strong performance in AI specialty memory. Analysts raised the target price for the stock from $98 to $130 and anticipate a potential positive preannouncement this quarter.

Rosenblatt analysts downgraded Arista Networks to Sell, warning that Nvidia’s AI-optimized Ethernet solution poses a significant threat to the networking company. Nvidia’s Spectrum-X platform for AI workloads is gaining traction and could become a multibillion-dollar product line, potentially outperforming traditional Ethernet players like ANET and Cisco.

Bank of America discussed the AI PC war’s impact on chipmakers, highlighting potential benefits for ARM Holdings ADR. While Intel and AMD may catch up in AI/NPU performance, Arm is expected to gain market share, with AI PCs carrying a price increase that could offset some share loss for core component vendors.



Read more at Investing.com: iPhone demand at a turning point amid AI-driven supercycle By Investing.com