Technology

Apple Off to Strong Start With First Weekend of iPhone 16 Sales, Wedbush Says

/ / Technology /

Apple (AAPL) saw a “strong demand start” for iPhone 16 over the weekend, reinforcing Wedbush Securities’ view that the technology giant will be able to break its historical mark for iPhone units in a year and reach a market capitalization of $4 trillion in 2025. The brokerage estimates iPhone 16 sales to be up high single digits and potentially double digits beginning with the December quarter, it said in a Sunday client note. Wedbush believes Apple’s highly anticipated artificial intelligence features for the new iPhone will be released in phases over the coming months. “This is the beginning of an AI driven iPhone supercycle that should enable Apple to break its historical mark for iPhone units in a year and translate into a $4 trillion market cap for Cupertino in 2025,” Wedbush analysts led by Daniel Ives wrote in the note. Based on the brokerage’s recent Asian supply chain checks, […]

Apple Off to Strong Start With First Weekend of iPhone 16 Sales, Wedbush Says Read Post »

ASML Expected to Raise 2030 Targets Over AI Demand

/ / Technology /

ASML Holding is in a position to upgrade its financial targets for the end of the decade when the Dutch semiconductor-equipment maker holds an investor day on Nov. 14, Citi analysts write in a note to clients after hosting ASML CEO Christophe Fouquet at Citi’s Global TMT Conference. “Fouquet explained clearly that the primary driver of their long-term model is the addressable market, where there is clear upside for artificial intelligence relative to the model provided in 2022,” the analysts say. ASML is currently forecasting sales of approximately 44 billion to 60 billion euros in 2030, with a gross margin of roughly 56% to 60%.

ASML Expected to Raise 2030 Targets Over AI Demand Read Post »

ASML’s Investor Day to Shift Market Focus to Longer Term

/ / Technology /

The market focus on ASML Holding will likely shift away from the short term to 2026 and 2027 when the Dutch semiconductor-equipment maker hosts an investor day on Nov. 14, UBS analysts write in a note to clients. The analysts say ASML’s earnings on Oct. 16 should provide a near-term boost for the stock as they expect to see solid orders from Taiwan Semiconductor Manufacturing Co. and Samsung Electronics, but the market will likely focus more on the investor day the following month. ASML shares trade 3.6% higher at 696.60 euros.

ASML’s Investor Day to Shift Market Focus to Longer Term Read Post »

Apple Is the World’s Most Valuable Stock. It’s Still Underestimated. — Barrons.com

/ / Technology /

By Alex Eule Fed Day was the highlight of the week, but Apple deserves an honorable mention. Friday was Apple’s annual holiday, with new iPhone 16 models arriving in stores. It’s a joyous moment for Apple fans. For investors, it’s more complicated. The skilled folks on the Dow Jones Market Data team have tracked Apple’s stock around every iPhone release. By now, there’s an ample sample size across 17 years. The stock has declined an average of 0.1% on the day new iPhones are announced. On launch day — a week or two later — shares slip another 0.1%. Over the following week, Apple slightly underperforms the market. Day traders are free to short the iPhone launch, but everyone else should go long — way long. Six months out from iPhone releases, Apple stock has returned an average of 11.7%, eight percentage points better than the S&P 500 index. All

Apple Is the World’s Most Valuable Stock. It’s Still Underestimated. — Barrons.com Read Post »

Adobe Stock Is an Unappreciated AI Play. It’s Time to Buy. — Barron’s

/ / Technology /

Shares fell after earnings despite signs that the company is monetizing its artificial-intelligence offerings. By Jacob Sonenshine Adobe’s earnings report painted a pretty picture of its ability to turn artificial intelligence into paying customers. But the reaction to its disappointing guidance was anything but pretty. That has created a buying opportunity in its stock. There was a lot to like about Adobe’s third-quarter results, with both earnings and sales easily topping estimates. The market, though, focused on management’s somewhat disappointing outlook, which included a forecast for “net new annual recurring revenue” — representing the sales Adobe expects to bring in from new customers or from increasing monthly subscription payments — to come in at $550 million in the fourth quarter, up 9% quarter over quarter. The fourth quarter usually sees double-digit growth, and the stock tumbled 13% after the report. It has since settled around $510. The market reaction was

Adobe Stock Is an Unappreciated AI Play. It’s Time to Buy. — Barron’s Read Post »

Micron Earnings Expected to Deliver Bad News. Why Citi Says Buy the Stock.

/ / Technology /

By Angela Palumbo Micron Technology reports earnings next week and while many analysts are pessimistic about what guidance the chip maker will provide, a Citi analyst still said buy the stock. Citi analyst Christopher Danely wrote in a research note Friday that he spent time chatting with investors this week about their expectations for Micron’s earnings, which will be released after the stock market closes on Sept. 25. His takeaway: a lot of pessimism. “We estimate roughly 80% of investors are bearish on Micron with every hedge fund we spoke with being negative but a few mutual funds being positive,” Danely wrote. While shares of Micron have risen 4.7% this year, they have recently taken a tumble. As of Thursday’s close, the stock has dropped 42% from its all-time closing high of $153.45 hit on June 18. There’s a few reasons for the shift in sentiment. For one, broader semiconductor

Micron Earnings Expected to Deliver Bad News. Why Citi Says Buy the Stock. Read Post »

Fed Rate Cut ‘Very Bullish Backdrop’ for AI and Big Tech, Wedbush Says

/ / Technology /

The Federal Reserve’s decision to lower the federal funds rates rate by 50 basis points is a “very bullish backdrop” for a risk-on trade of big tech companies and artificial intelligence heading into 2025, Wedbush said in a note Thursday. The rate cut was the “missing piece” in the puzzle as a lot of investors were looking for a green signal for the tech growth trade into this year’s end and 2025, analysts led by Daniel Ives wrote. The tech supply chain is preparing for a huge growth period ahead as roughly $1 trillion of artificial intelligence capital expenses are expected to be on the horizon in the near future, the analysts said. “We continue to strongly believe its 9 pm in the AI Party that goes till 4 am,” Wedbush said. Alongside Nvidia (NVDA) and Microsoft (MSFT), many other tech companies are joining the AI party including Oracle (ORCL),

Fed Rate Cut ‘Very Bullish Backdrop’ for AI and Big Tech, Wedbush Says Read Post »

Oracle Stock Is Heading for a Record Close. An Upgrade Is Helping.

/ / Technology /

By Emily Dattilo Shares of Oracle are on track for another record close, and there is reason to believe the rally will continue, Melius Research argued on Monday. Analysts Ben Reitzes and Jack Adair upgraded shares of the enterprise software company to Buy from Hold. They lifted their target for the price to $210 from $155. Shares rose 6.2% to $172.02 in afternoon trading, putting them on track for a record high, according to Dow Jones Market Data. The previous closing record was $162.03 on Friday. “You could say we are late, upgrading a stock that is up 54% year-to-date — but we could be just in the middle of a move,” the team wrote. “We see close to $8.50 in terms of an EPS run rate within 2 years — and with our biggest worries muted — we find it hard not to put a 25x multiple on a

Oracle Stock Is Heading for a Record Close. An Upgrade Is Helping. Read Post »

ASML’s Investor Day to Shift Market Focus to Longer Term

/ / Technology /

The market focus on ASML Holding will likely shift away from the short term to 2026 and 2027 when the Dutch semiconductor-equipment maker hosts an investor day on Nov. 14, UBS analysts write in a note to clients. The analysts say ASML’s earnings on Oct. 16 should provide a near-term boost for the stock as they expect to see solid orders from Taiwan Semiconductor Manufacturing Co. and Samsung Electronics, but the market will likely focus more on the investor day the following month. ASML shares trade 3.6% higher at 696.60 euros.

ASML’s Investor Day to Shift Market Focus to Longer Term Read Post »

Adobe Stock Is an Unappreciated AI Play. It’s Time to Buy. — Barrons.com

/ / Technology /

By Jacob Sonenshine Adobe’s earnings report painted a pretty picture of its ability to turn artificial intelligence into paying customers. But the reaction to its disappointing guidance was anything but pretty. That has created a buying opportunity in its stock. There was a lot to like about Adobe’s third-quarter results, with both earnings and sales easily topping estimates. The market, though, focused on management’s somewhat disappointing outlook, which included a forecast for “net new annual recurring revenue” — representing the sales Adobe expects to bring in from new customers or from increasing monthly subscription payments — to come in at $550 million in the fourth quarter, up 9% quarter over quarter. The fourth quarter usually sees double-digit growth, and the stock tumbled 13% after the report. It has since settled around $510. The market reaction was understandable, if dubious. The lower-than-expected guidance could be a sign that competition from other

Adobe Stock Is an Unappreciated AI Play. It’s Time to Buy. — Barrons.com Read Post »

Salesforce Unveils New AI Strategy, Will Charge $2 per Conversation

/ / Technology /

Salesforce (CRM) unveiled a new business model in which it will charge $2 per conversation held by its new generative AI-powered bots, Bloomberg reported Tuesday. The business model represents a change for Salesforce from building human-assisting AI tools to increasing dependence on AI-powered bots, the Bloomberg report said.

Salesforce Unveils New AI Strategy, Will Charge $2 per Conversation Read Post »

Scroll to Top