Jefferies has reaffirmed its buy rating on Oracle Corporation despite the halt in negotiations for a potential $10 billion deal with xAI. The analyst believes that Oracle’s strong performance will continue, driven by its robust sales pipeline and RPO growth. The company’s ability to meet its projected financial targets is seen as a key factor … Read more
Griffin Asset Management Inc. reduced its holdings in Intel Co. (NASDAQ:INTC) by 3.4% in the first quarter, according to the latest Form 13F filing with the Securities and Exchange Commission. The firm sold 418 shares, leaving them with 12,025 shares of the chipmaker valued at $531,000. Other major investors also made adjustments to their positions … Read more
Cisco remains optimistic about its relationship with Chinese electric vehicle manufacturers despite rising trade tensions. The company is currently collaborating with at least 10 electric car customers as they expand internationally. Despite tariffs on Chinese EV imports by the US and potentially the EU, companies like BYD are continuing to invest in local factories. Cisco’s … Read more
Broadcom is seeing renewed confidence from stock market analysts at Bank of America, who are maintaining a “buy” rating on the company’s shares with a price target of $2,150.00. Other analysts have also published positive reports on Broadcom, with Mizuho, Melius Research, Oppenheimer, Truist Financial, and Goldman Sachs Group all raising their price targets and … Read more
U.S. stock futures saw a slight increase on Thursday, indicating that major indexes could continue to climb after reaching new highs earlier in the week. The Dow Jones Industrial Average futures went up by 39 points, or 0.1%, while S&P 500 contracts rose by 0.4% and Nasdaq 100 futures increased by 0.6%. Investor sentiment is … Read more
Nvidia thrived in its latest earnings season, surpassing revenue and earnings expectations. CEO Jensen Huang’s optimistic outlook and robust revenue guidance highlighted the significance of AI chips in transforming data centers. Revenue for the first quarter of fiscal 2025 surged 262% year over year to $26.04 billion, surpassing analyst forecasts. Adjusted earnings per share also … Read more
Intel’s x86 market share for the quarter was 73.9%, up from 71.4% in the previous quarter and 65.4% the year before. Meanwhile, AMD’s share was 26.1%, a decrease from the previous quarter and year. This change can be attributed to the performance of the game console industry, where Intel’s SOC chip is used in popular … Read more
Fintel reports that on September 1, 2023, UBS maintained coverage of Vmware Inc. – (NYSE:VMW) with a Neutral recommendation. Analyst Price Forecast Suggests 8.81% Downside As of August 31, 2023, the average one-year price target for Vmware Inc. – is 153.92. The forecasts range from a low of 135.34 to a… Source link
Fintel reports that on September 1, 2023, UBS maintained coverage of Vmware Inc. – (NYSE:VMW) with a Neutral recommendation. Analyst Price Forecast Suggests 8.81% Downside As of August 31, 2023, the average one-year price target for Vmware Inc. – is 153.92. The forecasts range from a low of 135.34 to a… Source link
VMware, Inc. is a provider of multi-cloud services for all apps that enables digital with enterprise control. Its multi-cloud portfolio, spanning application modernization, cloud management, cloud infrastructure, networking, security and anywhere workspaces, forms a digital foundation on which customers can build, run, manage, connect and protect their workloads. The Company’s products within its application modernization … Read more