Nvidia Faces $12B Sales Threat Amid Broadcom Competition, Analysts Remain Optimistic
Nvidia's stock price is declining after an analyst warned of a potential $12 billion threat from Broadcom, leading to a negative market reaction.
Tag
Analyst Warning
All articles tagged with #analyst warning
Lucid's Stock Plummets on Q3 Sales Miss and Production Forecast Cut
Lucid's stock dropped over 8% after the luxury electric vehicle maker reported Q3 results that missed expectations and cut its production forecast due to slowing demand. The company now expects to produce 8,000 to 8,500 vehicles, down from its previous guidance of over 10,000. Lucid's Q3 revenue was $137.8 million, lower than the expected $177 million, but its adjusted loss per share and adjusted EBITDA loss were better than consensus estimates. The company has been implementing price cuts to boost demand, and it announced the upcoming debut of its Gravity SUV at the LA Auto Show. However, an analyst warned of "major issues" due to weak demand and falling price realizations.
Analysts downgrade Apple stock over revenue concerns and slowing iPhone demand.
Loop Capital Markets analyst Ananda Baruah downgraded Apple’s stock to hold from buy, warning that the company’s current quarter could prove disappointing due to a 10% cut in June-quarter estimates for iPhone builds and shipments. Baruah sees a rocky road ahead for Apple's revenue estimates, but believes the shipment outlook for the September and December quarters appears to be intact. Apple's stock was down 0.5% shortly after Monday’s open.