Microsoft (MSFT) – Maintain SELL; $365 FV
AI Reality Likely A Lot Different Than AI Talk
Hari Polavarapu
Apple (AAPL) – Maintain SELL; $155 FV
Comfortably Numb While Probing VisionPro Possibilities
Meta (META) – Maintain SELL; $398 FV
Scary Sales Momentum And Operating Leverage
Advanced Micro Devices (AMD) – Maintain SELL; $142 FV
Looks Promising But Not Ready For A Date Yet!
KLA Corp. (KLAC) – Maintain SELL; $530 FV
Improved Outlook for 2H of C2024; Preparing for an Upturn in 2025
Lam Research (LRCX) – Maintain SELL; $660 FV
Bouncing At The Bottom; Waiting For a Cyclical Recovery
STMicroelectronics (STM) – Maintain SELL; $40 FV
The Cyclical Pain Has Arrived And Will Linger For a While
ASML Holding (ASML) – Maintain SELL
2025 is The Highway of Hope, But Get Through 2024 First
Texas Instruments (TXN) – Maintain SELL; $144 FV
Weakness Everywhere. It’s a Pain in the Cycle!
Taiwan Semiconductor (TSM) – Maintain SELL
Investor AI Excitement Ignores Margin Drag