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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Johnny Canuck who wrote (59931)

9/10/2024 3:27:49 PM

From: Johnny Canuck

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AMD, Dell, Oracle listed as top tech picks by UBS into year-end

Sep. 10, 2024 10:40 AM ET Advanced Micro Devices, Inc. (AMD) Stock, DELL Stock, ORCL Stock NVDA, CYBR, BRZEBy: Chris Ciaccia, SA News Editor 4 Comments

Justin Sullivan/Getty Images News

AMD (NASDAQ: AMD), Dell Technologies (NYSE: DELL) and Oracle (NYSE: ORCL) were listed as the top technology stocks to own into the end of the year by investment firm UBS.
AMD is UBS's top pick in the semiconductors and semiconductor capital equipment space, as the investment bank believes in AMD's GPU roadmap. Its GPU offerings are seen as "competitive" with Nvidia's ( NVDA), due to superior memory bandwidth and a push towards full-system solutions, UBS said. "We see data center becoming [roughly] 70% of [operating profit] next year and AMD is seeing strong momentum on both GPU and CPU aspects."
Dell is the firm's top pick in Hardware and Electronics Manufacturing Services on the belief that Dell's emerging strength in AI-focused servers and a refresh cycle for PCs are being supported by better pricing. Dell recently reported second-quarter results that topped estimates.
Oracle is the firm's top pick in large-cap software, as it believes it can sustain 50% or more cloud infrastructure growth due to the increased revenue from artificial intelligence, the ramp of key customers (such as Uber and OpenAI) and database migrations to Azure.
Braze ( BRZE) and CyberArk Software ( CYBR) were also positively mentioned by UBS in the software space.

More on AMD, Dell and Oracle

Comments (4)

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Comments (4)

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LenceFlatu
Today, 12:14 PM

Comments (466)

What isn't a *"top tech call"* for US equities right now? Long $ f Ford Motor Company strong buy

N

Natturner1966
Today, 12:06 PM

Comments (10.99K)

I like the call on AMD DELL.

w

whipsawed
Today, 12:00 PM

Comments (272)

AMD only needs one word response: Blackwell !! Wall St is tryin to scare the retail crowd into selling their NVIDIA shares.

s

state_of_affairs
Today, 2:50 PM

Comments (2.16K)

@whipsawed NVidia is not going to stop selling the H100 and H200 when "Blackwell" is released. The H100 and H200 will be NVidia's bread and butter for the next couple of quarters, and it is against those platforms that AMD will position the MI300X and MI325X.

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