The Latest Breaking News from Christopher Danely

The chip giant's shares continue to struggle as Intel executives struggle to stabilize the Dow component.

AI systems need huge amounts of memory, and Micron Technology is one of the world's biggest suppliers.

Citi analysts Christopher Danely and Kelsey Chia observed that May notebook shipments were up 22% month on month, below Citi's expectation of up 29% due to demand deceleration.  This is the fifth consecutive month where notebook shipments were below expectations. 

"We now expect Intel to negatively pre-announce or miss 2Q22 guidance and are lowering estimates accordingly," said Citi analyst Christopher Danely.

Citi analyst Christopher Danely downgraded NXP Semiconductors NV (NASDAQ:NXPI) to Neutral from Buy with a price target of $190, down from $240 (6.8% upside), as his margin expansion thesis has played out. Danely derived his Buy thesis in February 2021 from the anticipation of superior margin/EPS upside and strength from the automotive end market.…

Citi analyst Christopher Danely saw Intel Corp (NASDAQ: INTC) experience some headwinds as PC shipments fell below Citi's estimates.

Citi analyst Christopher Danely reiterated the Buy rating and $120 price target on Micron Technology Inc (NASDAQ:MU). The price target implies an upside of 39%. Danely noted that dynamic random access memory pricing could be higher in the second half of the year. Danely added that PC demand remains "solid," though some data center customers…

Analysts had mixed views on Intel Corp (NASDAQ:INTC) after yesterday's reports about Intel nearing a deal to acquire Tower Semiconductor Ltd (NASDAQ:TSEM) for $6 billion.  Northland analyst Gus Richard said such a deal would "make a lot of sense" and be a good one for Intel shareholders based on his estimate that it would cost $13…

Citi analyst Christopher Danely raised the firm's price target on Intel Corp (NASDAQ:INTC) to $58 from $52 and reiterated a Neutral rating on the shares. The price target implies an upside of 4.1%. The analyst's channel checks indicate the recent surge in enterprise demand and notebook orders will drive upside to Intel's Q4 and Q1…