Intel and SMCI downgraded, Micron still top pick in semiconductor sector

From Investing.com: 2024-08-11 03:14:06

New Street Research upgrades Nvidia to Buy with a $120 target, sees recent dip as opportunity to gain exposure. Mizuho downgrades Intel to Neutral, cites lagging AI/DC/PC share and execution risks. BofA cuts SMCI to Neutral on margin headwinds despite strong revenue guidance. Palantir partners with Microsoft for AI-powered tech suite for defense and intelligence agencies. Citi retains Micron as top pick on strong DRAM outlook despite recent semiconductor downturn. Forecasting 62% DRAM pricing increase for 2024.



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