The Latest Breaking News from Christopher Danely

Citi and many other Wall Street analysts see exceptional long-term potential in this semiconductor stock.

AMD challenges Nvidia with strong AI and server momentum.

Despite a significant surge in Micron Technology's stock price this year, analysts and industry experts suggest that there may still be potential for further growth, driven by strong financial performance, strategic partnerships, and positive outlooks.

Analysts maintain mixed ratings as AI chip uptake remains uncertain

Citi analysts Christopher Danely and Kelsey Chia observed that May notebook shipments were up 22% month on month, below Citi's expectation of up 29% due to demand deceleration.  This is the fifth consecutive month where notebook shipments were below expectations. 

Citi analyst Christopher Danely downgraded NXP Semiconductors NV (NASDAQ:NXPI) to Neutral from Buy with a price target of $190, down from $240 (6.8% upside), as his margin expansion thesis has played out. Danely derived his Buy thesis in February 2021 from the anticipation of superior margin/EPS upside and strength from the automotive end market.…

Citi analyst Christopher Danely saw Intel Corp (NASDAQ: INTC) experience some headwinds as PC shipments fell below Citi's estimates.

Citi analyst Christopher Danely reiterated the Buy rating and $120 price target on Micron Technology Inc (NASDAQ:MU). The price target implies an upside of 39%. Danely noted that dynamic random access memory pricing could be higher in the second half of the year. Danely added that PC demand remains "solid," though some data center customers…

Analysts had mixed views on Intel Corp (NASDAQ:INTC) after yesterday's reports about Intel nearing a deal to acquire Tower Semiconductor Ltd (NASDAQ:TSEM) for $6 billion.  Northland analyst Gus Richard said such a deal would "make a lot of sense" and be a good one for Intel shareholders based on his estimate that it would cost $13…