To The Moon

Two semiconductor stock takedowns in as many days. First Monolithic Power Systems and then Micron Technology shares have been knocked by separate reports from the same research outfit.Monolithic Power dropped 15% on Monday and was falling a further 2% in premarket trading on Tuesday after market-intelligence firm Edgewater Research suggested the company could lose part of its business with chip maker Nvidia, according to industry analysts.Monolithic and Nvidia didn't immediately respond to requests for comment on the report. However, analysts at Needham said they had spoken with Monolithic Power management, who confirmed they weren't aware of any technical issues that would prevent its components from shipping in Nvidia's Blackwell AI chips and that it hadn't received any cancellations from Nvidia.On Tuesday, it was Micron's turn, as the memory chip maker fell 3.2% in premarket trading, reportedly following a note from Edgewater Research."Edgewater is out with a CAUTIOUS DRAM [dynamic

Nvidia stock was falling Tuesday. The chip maker may face more limitations on exports of its advanced artificial intelligence chips.U.S. government officials have discussed capping sales of advanced AI chips from the U.S. to certain countries, Bloomberg reported, citing people familiar with the matter. That could affect both Nvidia and rival chip maker Advanced Micro Devices.Nvidia shares were down 1.3% at $135.90 in premarket trading. The stock closed at a record high on Monday at $138.07.Deliberations are in early stages and remain fluid, according to the report.Limiting sales to specific countries would tighten restrictions that initially targeted China and its ambitions to advance in artificial intelligence, which the U.S. considers a security risk.The Biden administration has already restricted AI chip exports to more than 40 countries in the Middle East, Africa, and Asia over fears they could be diverted to China, the report said.Nvidia and AMD didn't immediately respond to a req

Nvidia stock was falling sharply early on Monday. The chip maker is being hit by fears about economic growth and the production of its next-generation artificial-intelligence processors.Among other chip makers, Advanced Micro Devices was down 2.8% and Broadcom was falling 5.6% in premarket trading. Server maker Super Micro Computer was dropping 6.5%.However, Nvidia's particularly sharp move could be partially due to a report that volume shipments of its next-generation Blackwell B200 chip would be delayed by around three months, from technology-focused news outlet The Information.As Barron's has calculated, such a delay could cause a few billion dollars in revenue for Nvidia to arrive in early 2025 rather than late 2024. Nvidia said production is still on track to increase in the second half of the year but declined to comment specifically on the report."We believe Nvidia could be prioritizing CoWoS-L's tight capacity to B200, which has higher value for the GB200 superchip...this may

The Biden administration, facing pushback to its chip crackdown on China, has told allies that it’s considering using the most severe trade restrictions available if companies such as Tokyo Electron L

This article is from the free weekly Barron's Tech email newsletter. Sign up here to get it delivered directly to your inbox.Ride On. Hi everyone. It's good to be back from my book leave. Let's tackle the question on everyone's mind while I was gone: What to do with Nvidia stock.It's been an incredible run. Nvidia is now the second-best performing stock in the S&P 500 -- up 148% this year, just behind Super Micro Computer, another name that readers of this newsletter know very well.In terms of when to sell a stock, I often draw on the investing wisdom of Jeff Vinik, a one-time hedge fund manager and former portfolio manager at Fidelity. Vinik has said in prior interviews that he sells stocks when fundamentals deteriorate, valuations get high, or he finds better ideas.Laffont noted that some $100 trillion, in today's dollars, has been invested in CPU infrastructure since the PC was invented. All of that will need to be replaced with GPU-focused equipment over time. There are trillions i

Bernstein analyst Stacy Rasgon maintained a Buy rating on Micron (MU – Research Report) yesterday and set a price target of $85.00. The company’s s...

It's going to take more time than some investors expected for AMD to "catch up" to Nvidia.

Chip stocks are in focus Tuesday as the CHIPS Act benefits are detailed.There are fears too much is