Earnings report approaching! Barclays cautiously views the prospects of Micron Tech and Qualcomm
Barclays is cautious about the prospects of Micron Tech and Qualcomm, believing that the stock prices of both companies are uncertain. Analysts point out that there is controversy over Micron's NAND flash memory prices, and the market has different views on the supply situation of high-bandwidth memory. Micron is expected to release its financial report at the end of December, with sales of $8.71 billion and earnings per share of $1.77; Qualcomm will announce its performance on November 6th, with expected earnings per share of $2.57 and revenue of $9.93 billion
According to the Zhitong Finance APP, as the financial reporting season is about to fully unfold, Barclays Bank believes that Micron Technology (MU.US) and Qualcomm (QCOM.US) are in an uncertain state compared to other large-cap semiconductor stocks.
Barclays analyst Tom O'Malley pointed out that the biggest controversy in the market regarding Micron Technology is centered around the average selling price of NAND flash memory. Some believe that due to the expected increase in demand for servers and personal computers next year, the price of NAND flash memory will not see a significant decline.
O'Malley also mentioned that there are two completely different views on the supply situation of high bandwidth memory (HBM) among investors, with some questioning whether there is an oversupply of HBM, while others are concerned about a potential shortage. This divergence indicates that there is no clear consensus in the market.
He also observed that long-term investors seem more willing to reinvest in Micron Technology, while investors seeking quick returns hold a more negative attitude. This suggests that there is a divergence in investors' views on Micron Technology, which could impact the company's stock price and market performance.
Micron is expected to release its financial report at the end of December, with analysts forecasting sales of $8.71 billion and earnings per share of $1.77.
Regarding Qualcomm, despite "losing some luster" in artificial intelligence trading, investors are still hopeful for its computing work next year. O'Malley mentioned that the market hopes that the name Qualcomm will regain attention after its modem business is removed, which may indicate Qualcomm's potential loss of cooperation with Apple in the modem business. Therefore, although Qualcomm's attractiveness in the AI field has declined, investors still hold expectations for its future development.
Qualcomm plans to announce its performance for the fourth quarter on November 6th, with analysts generally expecting earnings per share of $2.57 and revenue of $9.93 billion