Thanks To Apple, This Analyst Is Optimistic On ARM, Microchip Technology And More Ahead Of Earnings
Portfolio Pulse from Anusuya Lahiri
KeyBanc analyst John Vinh provided insights on the semiconductor industry, highlighting stabilization in analog cyclical semis and robust AI data center demand. Apple's results indicate steady iPhone demand, with China and emerging markets performing well. Vinh is optimistic about upcoming earnings for ARM and Microchip Technology, citing solid results and guidance due to favorable trends in cloud, AI, and high-end handsets. He also notes potential risks for Cirrus Logic due to its high exposure to Apple and for Indie Semiconductor from auto sector weakness.
May 06, 2024 | 6:59 pm
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POSITIVE IMPACT
Apple's steady iPhone demand, especially in China and emerging markets, contributes positively to the semiconductor industry outlook.
Apple's performance directly impacts its suppliers and the broader semiconductor market, indicating a positive outlook for companies in Apple's supply chain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
ARM Holdings is expected to report solid results, benefiting from share gains in cloud and AI licensing momentum and healthy demand for high-end handsets.
ARM's expected solid results stem from its strategic positioning in cloud and AI, as well as the demand for high-end handsets, indicating a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Microchip Technology is anticipated to deliver solid results and guidance, mirroring trends seen in NXPI and Texas Instruments, with stabilizing booking trends and further inventory normalization.
Microchip Technology's anticipated solid results and guidance are based on industry-wide trends of stabilizing bookings and inventory normalization, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85