With everyone focusing on Nvidia, JPMorgan likes this other chip stock reporting earnings this week

Nvidia isn't the only chipmaker to keep an eye out for — according to JPMorgan, which advised clients also monitor Marvell Technology . Analyst Harlan Sur reiterated his overweight rating on Marvell shares ahead of the company's earnings announcement Thursday afternoon. He holds a $90 price target on shares, which indicates 30.7% upside potential from Monday's close. JPMorgan sees second-quarter results and forward guidance coming in line with consensus forecasts.

Marvell's high-profile artificial intelligence application-specific integrated circuit programs should power its revenue recovery, per Sur. "We see the team's AI ASIC/Optical/ cloud/storage segments continuing to drive solid growth while current 5G/ enterprise businesses stabilize, and we believe the company continues to execute on its LT growth initiatives and should drive above-industry growth mid-/longer term," Sur wrote in a research note on Wednesday.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

US stock futures edge lower with Nvidia earnings, rate cuts in focusUS stock futures edge lower with Nvidia earnings, rate cuts in focus
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Crypto Today: Bitcoin, Ethereum and XRP recover as traders shift focus to Nvidia Q2 earningsBitcoin September 27 options data Ethereum added nearly 3% to its value and trades at $2,524 at the time of writing.
Источник: FXStreetNews - 🏆 14. / 72 Прочитайте больше »

US Dollar recovers slightly as markets focus on Nvidia earningsThe US Dollar (USD) trades mixed again on Wednesday, with markets getting a bit nervous ahead of Nvidia Corp. (NVDA) earnings to be released after the US closing bell. Seeing the recent slowdown in some economic numbers and with the boom
Источник: FXStreetNews - 🏆 14. / 72 Прочитайте больше »