- Jefferies analyst Mark Lipacis names his top four semiconductor stocks in a note obtained by CNBC. The winners: Advanced Micro Devices (AMD +2.3%), Nvidia (NVDA +1.7%), Smart Global Holdings (SGH +4.8%), and Xilinx (XLNX -0.4%).
- AMD comments: positive reactions to EPYC server MPU following successful Ryzen launch. Checks show EPYC interest from five hyperscale players. Price target: $19.
- NVDA comments: Management confident in data center business, training and inferencing market growth, and moving towards broader deployment of automotive platform. Price target: $180.
- SGH comments: Smartphone mix leaning towards premium, high memory models. ASP growth creates operating leverage. Price target: $23.
- XLNX comments: SDAccel software development environment now in beta at Amazon (NASDAQ:AMZN), which expands number of developers that can access field-programmable gate arrays on the cloud. Price target: $78.
- Previously: S&P notches fourth straight victory, tech strength lifts Nasdaq (Aug. 30)
- Now read: AMD: The Vega Charm Offensive
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