5 big analyst AI moves: JPMorgan sees significant downside risk in Tesla stock
) stock as an"out of favor long idea," noting that negative headlines and concerns over declining iPhone sales have already been factored into the price.
The team at Mizuho now anticipates a 6% decline in iPhone production for 2024, revising their estimate to 220 million units, down from the previous 90 million forecast for the iPhone 16 model. The upcoming event is expected to feature roadmap updates in AI and server CPU, alongside comments from key cloud customers, which “could reinvigorate AMD stock,” the analysts said. AMD has recorded a modest 9% year-to-date increase, trailing behind the SOX index's 22% rise.
“Faster growth could also help AMD rerate towards 30-55x forward price-to-earnings it managed to trade during prior periods of rapid share gains and 40%+ annual sales growth,” BofA analysts said. “SMCI would be able to keep doing what it needs to do to get the 10-K filed while handling anything with the DOJ separately,” the analysts wrote.
The analysts argue that these fundamentals could result in a $50 normalized earnings per share and a price-to-earnings multiple of 20x, supporting their view that SMCI is “a $1,000 stock.”Northland highlights that Agentforce has not only matched Microsoft’s advancements in AI but may have surpassed them in terms of AI evolution. Officially rolled out on September 12th, the platform allows for the deployment of GenAI agents across sales, service, marketing, and commerce workflows.
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