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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Mirati Therapeutics Inc (Symbol: MRTX), where a total volume of 9,936 contracts has been traded thus far today, a contract volume which is representative of app

Monday, October 9, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Thermo Fisher Scientific Inc. (TMO), Advance

Shares of AMD have rallied 63% in 2023, and analysts believe there's plenty of ceiling overhead for this semiconductor industry standout.

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA), Intel (NASDAQ: INTC), and Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below.

U.S. stock index futures fell on Monday as a deepening conflict between Israel and the Palestinian Islamist group Hamas roiled global markets and pushed investors toward safe-haven assets, while crude prices jumped close to 4%.

Demand for powerful chips capable of training and running advanced artificial intelligence (AI) models, particularly large language models like OpenAI's ChatGPT, is exploding. Some estimates put the market for AI chips growing to nearly $400 billion by 2032. For comparison, the m

Semiconductor heavyweight Intel (NASDAQ: INTC) announced last week that it would be separating its programmable chip segment from the rest of the business. The field programmable gate array (FPGA) business will be operated under its own CEO, with an eye toward a partial IPO withi

As Intel (NASDAQ: INTC) works toward scaling its foundry business, regaining its manufacturing edge, and winning back market share in its core CPU markets, the company hasn't been shy about disposing of non-core assets. Intel has exited a slew of businesses since CEO Pat Gelsinge

The video game market is vast and has blown up in recent years with the introduction of new earning opportunities, including mobile games, microtransactions (in-game purchases), cloud gaming, and more. Video games are an ever-expanding industry that allows companies to profit fro

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below.

The first week of October provided little relief from September woes. Rising bond yields weighed on the market throughout the week, with both the 10- and 30-year Treasury yields hitting 16-year highs. As many investors are of the mind that a strong labor market means the Federal

Advanced Micro Devices (AMD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Intel Corp. (NASDAQ: INTC) shares moved up 0.67% in trading volume slightly higher than average after the company said it would begin reporting its programmable chip unit as a standalone business on January 1. That move is a prelude to spinning off the unit in an IPO, which Inte

While Nvidia (NASDAQ: NVDA) has been quite the star in 2023, rival AMD (NASDAQ: AMD) hasn't had nearly the success. While AMD stock is up 60% this year, it's nowhere near Nvidia's 200%-plus performance. Because these two both operate in the graphics processing unit (GPU) industr

OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the company’s plans.

Lisa Su became CEO of Advanced Micro Devices (NASDAQ: AMD) in 2014. During that time, AMD faced an uncertain future, and many investors believed it was going bankrupt.

Shares of Softbank ( SFTBY )-backed Arm Holdings ( NASDAQ:ARM ) made a stellar stock market debut on September 14, rallying 25% on the first trading day. However, the chip design company’s stock quickly shed those gains and currently trades at $52.51, which is below the closing stock price of $63.59 on September 14. Wall Street analysts are cautious about the stock due to several concerns, including its high valuation and exposure to China. Wall Street is Sidelined on ARM Stock Arm does not manufacture chips but licenses its architecture to other chipmakers and original equipment manufacturers (OEMs). The company claims that its central processing units (CPUs) have enabled advanced computing in over 99% of smartphones worldwide. Arm’s technology also powers operating systems and applications for mobiles, personal computers, tablets, data centers, networking equipment, and vehicles, among other things. However, Arm faces competition from the open-source RISC-V chip architecture, which gaining traction, with many of Arm’s customers also showing interest in it. The company also faces competition from the advanced x86 architecture developed by chip giants Advanced Micro Devices ( NASDAQ:AMD ) and Intel ( NASDAQ:INTC ). While ARM leads the smartphone end market, these rival technologies have a strong hold over the laptop and data center end markets. Other risks to be noted include the company’s exposure to China amid the growing U.S.-China tensions and weakness in top-line growth due to a dull smartphone market. Another risk is revenue concentration, with the company’s top five customers (including Arm China) accounting for about 57% of the overall revenue in the fiscal year ended March 31, 2023.         On September 22, Susquehanna analyst Mehdi Hosseini initiated coverage of Arm Holdings stock with a Hold rating and a price target of $48. The analyst thinks that stock has a fairly valued risk/reward. He also pointed out the weakness in the mobile market, the company’s largest end market. Additionally, the microcontroller market, Arm’s second largest end-market, has started to reach market share saturation. The analyst is concerned that if Arm tries to achieve further growth in these areas by forcing a higher royalty rate, it might incentivize customers to explore alternatives.   Meanwhile, on September 25, Bernstein analyst Sara Russo reiterated a Sell rating on ARM stock with a price target of $46. While the analyst likes the company’s fundamentals and its dominant position in mobile, she feels that the company is not immune to the sluggish smartphone market. The analyst believes that it will take time to see improvements in mobile royalty rates. Russo said that her estimates for mobile royalty rates in FY27 and consequently revenue growth expectations remain below management’s estimates. Is Arm Holdings a Good Stock to Buy? Currently, Wall Street has a Hold consensus rating on Arm Holdings stock based on one Buy, three Holds, and one Sell rating. The average price target of $50.75 implies a possible downside of 3.4%. Conclusion Arm Holdings expects its total addressable market to grow at a 6.8% compound annual growth rate to about $246.6 billion by 2025, driven by prospects in lucrative areas like artificial intelligence and cloud computing. However, Wall Street feels that the positives are already baked into the stock and does not see any upside due to the risks discussed above. Disclosure

OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the company’s plans.

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Broadcom offers standout YTD returns, and a dividend yield that puts most other semiconductor stocks to shame. Plus, analysts see plenty of upside potential ahead.