Broadcom   reported third-quarter earnings that surpassed analysts’ expectations.The odds of a continued Downtrend are 60%. Fundamental Analysis (Ratings) Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 56%.

Two years after the U.S. Federal Trade Commission sued Qualcomm Inc., unleashing a series of existential challenges to the company’s business model, the chipmaker is about to get its chance to square the record. Lawyers for the regulatory agency and the company are set to begin presenting arguments on Jan. 4 in a 10-day non-jury trial over claims that Qualcomm is abusing its strength in the market for smartphone components to force Apple Inc. and others to pay inflated license fees.READ MORE...

The semiconductor company is set to report its earnings on Wednesday.  BMO Capital raising its price target on Nvidia shares from $425 to $565 – which represents 14% potential upside from Monday’s close price. BMO maintained outperform rating on the stock. BMO expects Nvidia to report adjusted earnings of $1.93 a share on a revenue of around $3.65 billion. "Given the continued run in shares, expectations are high.However, we expect the company to deliver on earnings and expectations," BMO analyst Ambrish Srivastava said.  According to Tickeron, NVDA's Aroon indicator reaches into Uptrend on August 10, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.

They also hiked  the price target to $135 from $105 per share.  Bernstein’s optimism on the company follows Qualcomm’s announcement last week that it had resolved a long-standing legal dispute with Chinese mobile device maker Huawei. Also analyst Stacy Rasgon noted, "In the meantime, even in the middle of a pandemic the 5G content story is mostly supporting things, and hope remains for a cyclical recovery next year.The odds of a continued Uptrend are 66%. The Aroon Indicator entered an Uptrend today.

We are in the heart of the second quarter earnings season and we have already heard from a number of big tech companies.At least the reaction from investors has been negative. Earnings results will continue to roll in this coming week and the telecom equipment industry will be in the spotlight.

A number of the largest semiconductor manufacturers will be releasing earnings in the next few weeks.STM is pretty average in terms of the analysts’ ratings as well as the short interest ratio. All in all, I would say the outlook for Intel, STMicroelectronics, and Texas Instruments is pretty solid.

  According to Google, the A100 will soon support its Kubernetes Engine service, and its Cloud AI Platform. Nvidia has claimed that the A100 substantially outperforms its last flagship server GPU (the Tesla V100, launched in mid-2017) when it comes to running popular AI-related workload. Tickeron's AI-powered scorecard rates NVDA a STRONG BUY. NVDA's Aroon indicator reaches into Uptrend on July 06, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.In 342 of 398 cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month.

Nvidia  has landed a deal with Daimler's  Mercedes-Benz, for autonomous and semi-autonomous vehicles. On Tuesday, it was announced that Nvidia’s Drive hardware/software platform will enable  a “new software-defined architecture” for Mercedes’ next-gen vehicles. The vehicles are expected to have  “state-of-the-art” automated driving functionalities, such as  the ability to automate driving of regular routes from address to address. The cars will begin rolling out in 2024. Mercedes’ software architecture will have Nvidia’s Orin system-on-chip which has 12 ARM CPU cores and a GPU based on Nvidia’s new Ampere architecture, and is supposed to process 200 trillion deep learning operations per second (TOPS) while consuming just 45 watts of power. Tickeron's AI-powered scorecard rates Nvidia a STRONG BUY. NVDA enters an Uptrend because Momentum Indicator exceeded the 0 level on June 09, 2020 This indicator signals that NVDA's price has moment

Nvidia Corp  reported  first quarter earnings that beat analysts’ expectations. The semiconductor company’s  non-GAAP earnings for the three months ending April 26 came in at $1.80 per share, exceeding the Street consensus estimate of $1.69 per share.The figure is more than double the year-ago quarter. Revenue surged +38.7% to $3.08 billion, above analysts’ estimate. The company experienced a +80% year-on-year surge in data center chip sales. Nvidia ha projected current quarter revenue of  $3.65 billion (higher than expected),  plus or minus 2% - partly due to last year's $6.9 billion purchase of Mellanox Technologies.

AMD’s stock  gained nearly 160% year-over-year at the end of January.There were expectations that broader demand for chips is rebounding, and that AMD is well-positioned to milk the turnaround.

Analysts surveyed by FactSet had estimated earnings of 60 cents a share on revenue of $731.3 million.  For the fiscal fourth quarter, Xilinx expects revenue of $750 million to $780 million.Analysts were expecting $825.1 million. Xilinx announced plans of  cutting 7% of its global workforce, mainly in selling, general and administrative roles, in  a bid to maintain operating profit amid revenue concerns.

Steves maintains an outperform rating on the shares. Steves cited improving data center demand and AMD's optimism on margin ramps through 2020.  The analyst expects AMD earnings to come in at earn $1.30 a share in 2020, which is higher from his prior forecast of $1.24. For 2021, Steves now projects earnings of $1.73 a share (compared to previous forecast of $1.68 ); the Street expects $1.51 . The analyst mentioned "solid channel checks" for both gaming chips and products used in data centers as factors behind his solidly optimistic earnings outlook on AMD.

While the semiconductor company issued a slightly lower-than-expected guidance for its current quarter, the latter represents a cyclical bottom according to the company. For the first quarter of fiscal year 2020, Micron’s adjusted earnings came in at 48 cents per share, beating the Street expectations of 47 cents. Revenue was $5.144 billion, exceeding analyst expectations of $4.99 billion. Adjusted gross margin fell to 27.3% from 59% in the same quarter last year. Looking ahead, Micron projects current quarter revenue to be between $4.5 billion and $4.8 billion, the midpoint of $4.65 billion being slightly below analysts' forecast of $4.75 billion.The company expects earnings-per-share to range between 31 and 41 cents, the midpoint of 36 cents being lower than analysts’ expectations of 39 cents.  "With our strong execution and improving industry conditions, we are optimistic that Micron's fiscal second quarter will be the cyclical bottom for our financial performance," said C

  The analysts reiterated its buy rating on Nvidia, with a price target of $255, representing an upside of more than 12%. According to the Jefferies analysts, Nvidia has continued strength in data center business and gaming business .Training and inferencing solutions for conversational AI applications, and the adoption of RTX GPUs by game titles were cited by the analysts  as major drivers of growth. The analysts also mentioned that Nvidia is benefitting from the development over the past decade of the ecosystem with GPU processors, CUDA software stack, and domain-specific application libraries.

On November 25, China hinted at stricter rules to protect intellectual property rights and chip companies jumped as a result. One particular chip company I am watching is Microchip Technology (Nasdaq: MCHP).The stock did pull back in the first part of November, but it looks like it has reversed course at this point. We see how the daily stochastic readings dropped in to oversold territory in the last few weeks, but the indicators have turned higher and made a bullish crossover on November 22.

Advanced Micro Devices (AMD) shares climbed on Monday, extending Friday's rally. The semiconductor company got another  another price-target hike in less than a week, and this time it came from analysts at Cowen.This follows Friday’s price target upgrade (to $50 from $44) by RBC Capital Markets analyst Mitch Steves on what he perceives as improving demand for data-center products.  Cowen analyst Matthew Ramsay increased his one-year price target on AMD shares to $47 from $40.

One of them had some valuation concerns, though. Analysts at UBS increased their price target on the semiconductor company’s shares to $240  from $195, citing the company's 2020 product cycle and its multiple.Seymore boosted his price target to $190 from $160, which is still below the company's nearly $208 closing price Friday. The analyst views tailwinds in NVDA's ability to address a wide range of rapidly growing sectors (artificial intelligence, data center, gaming, advanced driver assistance systems/audio-visual, etc.

Qualcomm stock got downgraded Morgan Stanley analysts, sending the shares lower on Monday. Morgan Stanley analysts reduced their rating on the semiconductor company to equal weight from overweight, while indicating that the stock's valuation gap relative to its industry peers has closed following recent gains.He hiked his price target on the stock to $90 from $89. Faucette suggested that Qualcomm shares’ momentum in recent months amid tariff uncertainties coupled  with an antitrust lawsuit by the Federal Trade Commission currently being appealed by Qualcomm would mean that potential positive opportunities will likely take longer to have a substantial effect on results.

Marvell Technology got a rating boost from Wells Fargo. Analysts at Wells Fargo raised their rating on the  semiconductor company to outperform from market perform. Wells Fargo  also hiked the target price on the shares was also hiked to $32 a share from $25, which represents a 27% upside from Marvell's closing price Friday of $25.14. "MRVL should continue to experience robust 5G base station-related sales to Nokia and Samsung for the balance of 2019 and into 2020," Analyst Gary Mobely wrote. Mobely is also hopeful that data-center capital expenditures would rise, which in turn should augur well for MRVL's Octeon/Nitrox and Fibre Channel sales (according to the analyst).

The figure matched analysts’ expectations. For the fourth quarter, the company has projected revenue of $2.1 billion (plus or minus $50 million), which is lower than analysts’ forecast of $2.149 billion.Increase in Ryzen, EPYC and Radeon product sales are expected be the main drivers of sequential and year-over-year, as indicated by AMD.