Nvidia's strong earnings benefit TSMC, while Apple's bull-case scenario shows potential growth.

From Investing.com: 2024-11-24 04:00:53

Phillip Securities downgrades Nvidia stock to Accumulate from Buy, with a new price target of $160. Fiscal Q3 2025 results met expectations, with revenue exceeding guidance by 8% and PATMI growing 109% YoY. Production of Blackwell chips set to begin in Q4 2025, with expected revenues in the billions.

Bernstein analysts see Apple hitting $290 in their bull-case scenario, highlighting the company’s ecosystem of 2.3 billion devices and potential AI advancements driving new revenue streams. Encourages holding AAPL as a core investment. Bull case envisions $9 EPS by fiscal year 2026, valuing stock at $290.

Nvidia’s strong Q3 performance is positive for Taiwan Semiconductor Manufacturing (TSMC), driving structural AI demand and strengthening TSMC’s edge. Demand for Blackwell GPUs expected to exceed supply into fiscal 2026, benefiting TSMC. TSMC addressing CoWoS bottlenecks, expanding capacity to meet growing AI demands.

Super Micro Computer Inc (SMCI) takes steps to prevent delisting, with an independent audit firm and compliance plan submitted to NASDAQ. Analyst at Lynx Equity Strategies views delisting as unlikely, highlighting SMCI’s importance in the AI data center market. Predicts potential short-squeeze with shares reaching $45 price target.

Raymond James upgrades Hewlett Packard Enterprise Co (HPE) to Strong Buy, citing confidence in the company’s refined business model.

Investment bank raises fiscal year 2025 sales estimates for AI platforms, separating them from traditional servers. HPE expected to report in-line financial results on December 6, with federal sector posing risks. Raymond James forecasts growth to accelerate in FY25. Juniper Networks acquisition expected to boost HPE’s stock valuation multiple. AI server sales projected to grow from $4.1 billion in FY24 to $7.4 billion by FY26, driven by AI model training applications and enterprise adoption. Analysts anticipate strong AI sales and improving margins.



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