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The Latest Breaking News from Harsh Kumar

Does Nvidia Stock Still Have Gas In The Tank After Its Massive Rally?

Nvidia stock rocketed 239% in 2023 but the party is far from over for the AI-chip maker, Wall Street analysts say.

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Apple Stock Gets Another Downgrade. Why Analysts Are Souring On iPhone Maker.

Apple Stock Gets Another Downgrade. Why Analysts Are Souring On iPhone Maker.

For the second time this week, a Wall Street analyst has downgraded Apple stock. Piper Sandler joined Barclays with the move.

Investors Business Daily

Man from U.P. held for buying cryptocurrency for Chinese fraudsters

Man from U.P. held for buying cryptocurrency for Chinese fraudsters

Man from U.P. held for buying cryptocurrency for Chinese fraudsters

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Apple Stock: Buy or Sell Ahead of This Week's Earnings Report?

Apple is scheduled to release fiscal third-quarter earnings this Thursday - but now that the company's market cap has sailed north of $3 trillion, is the tech stock still a strong buy for investors?

Tracking-Chip Maker Impinj Sees Improved Outlook With Better Wafer Supply

Tracking-chip maker Impinj is seeing its fortunes rise as more silicon wafers become available to produce its semiconductors.

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Chipmaker Wolfspeed, IBD Stock Of The Day, Called Howling Good Buy

Wolfspeed is the IBD Stock Of The Day as the chipmaker approaches a buy point after getting another ringing endorsement on Wall Street.

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Apple iPhone 14 Release Faces Budget-Conscious Consumers

Apple's fall product announcements earned positive reviews but some wonder if consumers will be in a buying mood.

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These Semiconductor Stocks Are Likely To Benefit Most From CHIPS Act Aid

These Semiconductor Stocks Are Likely To Benefit Most From CHIPS Act Aid

When President Joe Biden signed the CHIPS Act of 2022 into law on Aug. 9, it provided some good news for a number of chip stocks.

Investors Business Daily

Apple Stock Nears Buy Point After 'Top Gun'-Style June Quarter

Apple Stock Nears Buy Point After 'Top Gun'-Style June Quarter

Apple stock rose Friday after the consumer electronics giant delivered an upbeat June-quarter report and forecast accelerating sales growth.

Investors Business Daily

Micron Shares Drop Following This Analyst Downgrade - Read Why

Micron Shares Drop Following This Analyst Downgrade - Read Why

Piper Sandler analyst Harsh Kumar downgraded Micron Technology, Inc (NASDAQ:MU) from Neutral to Underweight and lowered the price target from $90 to $70. Kumar expressed concerns about Micron's over 50% exposure to consumer-like markets such as PCs, mobile, and others when the global economy will likely face headwinds. Kumar expects the company's chip business catering…

Broadcom, IBD Stock Of The Day, Stands Out Amid Sell-Off In Semiconductor Stocks

Broadcom, IBD Stock Of The Day, Stands Out Amid Sell-Off In Semiconductor Stocks

Broadcom is the IBD Stock Of The Day as the fabless chipmaker powers higher amid a down market for semiconductor stocks.

Investors Business Daily

China Shutdowns Weigh On Apple's June-Quarter Outlook

China Shutdowns Weigh On Apple's June-Quarter Outlook

Apple warned that Covid-related shutdowns in China will negatively impact its June-quarter performance.

Investors Business Daily

Onsemi Drives Profits With Semiconductors For Cars and Factories

Onsemi Drives Profits With Semiconductors For Cars and Factories

Semiconductors may be in short supply, but profits at ON Semiconductor aren't.

Investors Business Daily

Apple Will Have Minimal Impact From China's Lockdown According To This Analyst

Apple Will Have Minimal Impact From China's Lockdown According To This Analyst

Piper Sandler analyst Harsh Kumar saw a minimal impact on Apple Inc (NASDAQ: AAPL) from supply issues caused by Covid-19 lockdowns in China.

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Here's How Analysts View Analog Devices Post Investor Day

Analog Devices Inc (NASDAQ:ADI) highlighted its strategic vision and new financial model at its investor day meet. Piper Sandler analyst Harsh Kumar reiterated an Overweight with a $210 price target (30% upside). Kumar expects the company to benefit from several secular growth drivers within the semiconductor industry. Related: Analog Devices Tops Q1 Backed By Momentum Across…

Investors Business Daily

Qualcomm Well Positioned As Internet-Of-Things Chipmaker, Analyst Says

Qualcomm is moving from making wireless chips for smartphones to making them for a host of devices for the Internet of Things.

China's Lockdown Of Tech Hubs To Hamper Amazon, Walmart's Online Delivery: Report

China's recent lockdown looks to hamper the online order delivery of global e-commerce firms like Amazon.com Inc (NASDAQ:AMZN) and Walmart Inc (NYSE:WMT), Bloomberg reports. China had to initiate lockdowns and restrictions in its crucial manufacturing hubs like Shenzhen and Dongguan following a Covid-19 resurgence. Related Content: China Restricts Activities In Shenzhen, Shanghai Following Covid-19 Resurgence The…

Piper Sandler Remains Optimistic About Broadcom, Thanks To Apple

Piper Sandler analyst Harsh Kumar believes Broadcom Inc (NASDAQ: AVGO) is in a "great position to beat and raise" when it reports earnings later this week.

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Here's Why Piper Sandler Is Optimistic On Nvidia

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $350 price target on NVIDIA Corp (NASDAQ:NVDA). Nvidia could be a big winner this earnings season, with profits driven by solid performance in the chip maker's gaming and data center businesses, Kumar said. "We are looking for a significant beat and raise when the company…

Here's Why Piper Sandler Considers DRAM Pricing "Slightly Negative" For Micron And Others

Piper Sandler analysts Weston Twigg and Harsh Kumar jointly noted that inSpectrum released its January monthly memory contract pricing data, which indicated DRAM 8Gb DDR4 fell 8% month-over-month and that NAND 256Gb TLC dropped 1% on a month-over-month basis. The analysts, who monitor the three-month rolling average year-over-year change to better gauge trends,…

Piper Sandler Sees Sharp Upside In This Chipmaker

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a $750 price target after hosting management for an investor meeting. The price target implies an upside of 40.4%. The analyst is "feeling increasingly confident" about trends in 2022, given the recent acceleration in hyper-scale and cloud orders, the visibility provided…

Here's Why Piper Sandler Downgraded AMD, Slashed Price Target By 7%

Piper Sandler analyst Harsh Kumar downgraded Advanced Micro Devices Inc (NASDAQ:AMD) to Neutral from Overweight with a price target of $130, down from $140. The analyst is cautious on the broader automotive sector, saying the pace of orders and strong pricing "may come into question" as supply normalizes in the second half of 2022. The…

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