Sumco's Long-Term Upside in Artificial Intelligence Offset by Competition in China
We assign Sumco a Morningstar Uncertainty Rating of High. Sumco operates in the semiconductor industry, which is one of the most cyclical industries. Earnings are volatile, with operating margin ...
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Glass House Brands Provides Updated Guidance for Fourth Quarter and Full Year 2024
We project that consolidated gross margin for the fourth quarter of 2024 will be in the low 40s, compared to our guidance of 'in the high 30% range'. This reflects the stronger than projected rebound ...
Is Nvidia losing its momentum? Dan Niles says the chipmaker will see a slowdown in chip demand that will impact its revenue growth
Nvidia may face reduced demand for its chips, affecting revenue growth. This is due to major companies like Microsoft cutting ...
JPMorgan raises Arista Networks stock target to $140 on Cloud capex
JPMorgan maintained an Overweight rating on Arista Networks (NYSE:ANET) and increased the price target to $140 from the previous $115. The adjustment comes amid growing confidence in Arista's role as ...