The Latest Breaking News from Christopher Danely

Despite a significant surge in Micron Technology's stock price this year, analysts and industry experts suggest that there may still be potential for further growth, driven by strong financial performance, strategic partnerships, and positive outlooks.

Analysts maintain mixed ratings as AI chip uptake remains uncertain

Citi analysts Christopher Danely and Kelsey Chia observed that May notebook shipments were up 22% month on month, below Citi's expectation of up 29% due to demand deceleration.  This is the fifth consecutive month where notebook shipments were below expectations. 

Citi analyst Christopher Danely downgraded NXP Semiconductors NV (NASDAQ:NXPI) to Neutral from Buy with a price target of $190, down from $240 (6.8% upside), as his margin expansion thesis has played out. Danely derived his Buy thesis in February 2021 from the anticipation of superior margin/EPS upside and strength from the automotive end market.…