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Apple Slides on Soft Outlook, Sparks Analyst Downgrade
markets25 days ago

Apple Slides on Soft Outlook, Sparks Analyst Downgrade

Apple’s fourth‑quarter guidance came in below expectations, guiding 9%–11% revenue growth (versus ~12% expected) with iPhone revenue seen in the mid‑teens and Services growth flat after FX. The company warned currency movements could shave about 250 basis points from quarterly revenue growth, and potential memory‑component supply constraints could worsen the period. GF Securities analyst Jeff Pu cut Apple to Hold, citing valuation and demand risks with a $369 price target, as the stock dropped roughly 9% in morning trading.

via Yahoo Finance|
#apple#downgrade#finance
IBM Hit by Oppenheimer Downgrade as Q2 Miss Triggers Selloff
business1 month ago

IBM Hit by Oppenheimer Downgrade as Q2 Miss Triggers Selloff

Oppenheimer downgraded IBM to Perform from Outperform after the company reported a weaker-than-expected Q2 with preliminary revenue around $17.2 billion, citing softer demand for transaction-processing software, a shift in customer spend toward servers and storage, and several large contracts pushed into late quarter, a combination that sparked a sell-off; while Red Hat, HashiCorp, Confluent and the server/storage segments show strength, those gains aren’t enough to offset broader weakness, and IBM’s path to meeting full-year guidance may take longer as enterprise tech spending pivots toward AI infrastructure.

via Yahoo Finance|
#business#downgrade#earnings-miss
Synaptics tie-up dims onsemi's growth path, TD Cowen says
business2 months ago

Synaptics tie-up dims onsemi's growth path, TD Cowen says

TD Cowen cut onsemi to Hold from Buy, arguing the all-stock acquisition of Synaptics complicates the company’s investment thesis by diversifying beyond a pure automotive/datacenter growth story. The target price was trimmed to $110 from $115. While management touts synergistic and AI-driven opportunities, Cowen questions whether Synaptics’ edge AI processors will help onsemi compete with larger peers and notes limited detail on revenue opportunities beyond cross-selling. The firm projects roughly 12% equity dilution and meaningful earnings accretion not until 2028–2029, and highlights near-term challenges like elevated inventories and pricing pressure in the power-discrete portfolio, even as the deal aims to broaden addressable markets with about $200 million in annual synergies.

via Yahoo Finance|
#acquisition#business#downgrade
GTA 6 Visual Debate: Downgrade or Lighting Illusions?
technology2 months ago

GTA 6 Visual Debate: Downgrade or Lighting Illusions?

Rockstar’s GTA 6 price reveal and a flood of new screenshots have sparked a heated online debate about whether the game’s visuals have degraded. Critics point to differences in lighting, weather, camera angles, and rendering as explanations for the look changes, while others insist there’s no massive downgrade and that development visuals often shift over time.

via Kotaku|
#downgrade#graphics#gta-6
Amazon's Rating Downgraded to Hold Over Valuation Issues
business7 months ago

Amazon's Rating Downgraded to Hold Over Valuation Issues

Amazon has been downgraded to Hold by Invictus Origin due to concerns over high valuation levels and macroeconomic risks, despite its strong fundamentals. The analyst warns that the company's high future P/E ratio may revert to average levels as AI-related costs impact profitability, setting a target price of $255, below the current estimate of $295. Investors are advised to consider lower-beta assets amid potential market tightening, with upcoming quarterly results crucial for assessing Amazon's margins and AI monetization prospects.

via Yahoo Finance|
#ai#amazon#business
Microsoft Expands and Raises Prices for Xbox Game Pass Plans
technology10 months ago

Microsoft Expands and Raises Prices for Xbox Game Pass Plans

Microsoft increased the Xbox Game Pass Ultimate price by 50%, prompting users to consider canceling or downgrading their subscriptions. Cancelling involves logging into the Microsoft website, managing subscriptions, and confirming cancellation, with potential partial refunds depending on billing cycles. Downgrading to cheaper plans like Game Pass Essential or Premium is also straightforward through the same account management process.

via Engadget|
#cancel#downgrade#microsoft
Upcoming PS5 Slim Rumored to Offer Less Storage at Same Price
technology11 months ago

Upcoming PS5 Slim Rumored to Offer Less Storage at Same Price

The PS5 Digital Edition in Europe is reportedly getting a surprise downgrade with its SSD capacity reduced from 1TB to 825GB in the upcoming chassis-E revision, starting September 13, as Sony aims to avoid raising prices amid economic challenges and increased tariffs. The regular PS5 with a disc drive is expected to retain its 1TB SSD. This change follows recent price hikes for PS5 consoles across various regions due to economic factors.

via GameSpot|
#downgrade#europe#price-increase
MP Materials Shares Drop Despite Analyst's Quadrupled Price Target
business1 year ago

MP Materials Shares Drop Despite Analyst's Quadrupled Price Target

MP Materials' stock fell 2.2% after a Wall Street downgrade from CFRA analyst Matthew Miller, who lowered his rating to Buy but significantly increased his price target to $88 from $20, citing a major Defense Department deal that will boost the company's capacity and profitability in rare earth minerals, crucial for electric motors and navigation equipment. Despite the downgrade, the overall analyst sentiment remains bullish, with most analysts rating the stock as a Buy, supported by the company's expanding operations and strategic government investments.

via Barron's|
#business#defense-department#downgrade