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The Zacks Analyst Blog Highlights: NVIDIA, Intel, Broadcom, American Airlines and Telephone and Data Systems

Zacks Equity Research
·5 mins read

For Immediate Release

Chicago, IL – October 5, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include NVIDIA NVDA, Intel INTC, Broadcom AVGO, American Airlines AAL and Telephone and Data Systems TDS.

Here are highlights from Friday’s Analyst Blog:

Top Research Reports for NVIDIA, Intel and Broadcom

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including NVIDIA, Intel and Broadcom. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

NVIDIA shares have vastly outperformed the Zacks General Semiconductor industry in the year-to-date period (+131.4% vs. +31.8%) as the company has emerged as leader in the chip space. The Zacks analyst believes that NVIDIA is benefiting from the coronavirus-induced work-from-home and learn-at-home wave.

It is also benefiting from strong growth in GeForce desktop and notebook GPUs, which is boosting gaming revenues. Moreover, a surge in Hyperscale demand remains a tailwind for the company’s Data Center business. Expansion of NVIDIA GeForce NOW is expected to drive the user base. Further, solid uptake of AI-based smart cockpit infotainment solutions is a boon.

Additionally, collaboration with Daimler-owned Mercedes-Benz is expected to further strengthen NVIDIA’s presence in the autonomous vehicles and other automotive electronics space. However, management expects COVID-19 pandemic to negatively impact near-term revenues by $100 million.

(You can read the full research report on NVIDIA here >>>)

Shares of Intel have lagged the red hot chip space given teh company's uneven operating performance, but the Zacks analyst is optimistic about the company's long-term outlook given continued strength across both PC-centric and Data-centric domains.

Robust mix of high-performance second-generation Xeon Scalable processors and solid demand from Cloud service providers are expected to boost growth. Strong momentum for 10 nanometer (nm) mobile CPU bodes well. Notably, the company provided encouraging 2020 guidance. Further, solid uptake of 5G networking solutions, higher Wi-Fi and modem sales and solid notebook demand, improvement in NAND pricing trends led to higher ASPs, and Optane bit growth, remaining tailwinds.

However, anticipated decline in PC total addressable market, and production delays pertaining to 7 nm ramp up remain concerns. Also, the coronavirus crisis-led weakness in retail, automotive and industrial end markets is a headwind.

(You can read the full research report on Intel here >>>)

Broadcom shares have gained +54.8% over the past six months against the Zacks Electronics - Semiconductors industry’s rise of +60.8%. The Zacks analyst believes that Broadcom is poised to benefit from robust adoption of Wi-Fi 6 in access gateway, and DSL and cable DOCSIS 3.1 products.

Acceleration in 5G deployments, significant production ramp up and increase in RF content favors prospects. Further, synergies from acquisitions of CA and Symantec’s enterprise security business are anticipated to bolster the company’s presence in the infrastructure software vertical.

The company has also provided encouraging guidance for Q4 on strong uptick in wireless revenues, which bodes well. However, anticipated sluggishness in enterprise demand might impact server storage revenues. Efforts to reduce channel inventory amid COVID-19 pandemic led market uncertainty and increasing lead times, is likely to weigh on industrial revenues.

(You can read the full research report on Broadcom here >>>)

Other noteworthy reports we are featuring today include American Airlines and Telephone and Data Systems.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


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NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
Intel Corporation (INTC) : Free Stock Analysis Report
 
Telephone and Data Systems, Inc. (TDS) : Free Stock Analysis Report
 
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
 
Broadcom Inc. (AVGO) : Free Stock Analysis Report
 
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