Author Archives: Scalper1

Analyst Hikes Amazon.com Price Target, Cites Cloud

Amazon.com (AMZN) and its thriving cloud computing business continue to drive analyst expectations upward and today Nomura securities analyst Robert Drbul raised his stock price target by 19%. Now set for 850, an increase from 700, Drbul thinks that cloud division Amazon Web Services will remain the “major growth driver for the Amazon share price.” Nomura thinks that this year marked a moment when technology firms have opted to adopt public cloud

Intel Data Center Gets Apple, Google, Amazon Leg-Up

No. 1 chipmaker Intel (INTC) is scrappy, Nomura analyst Romit Shah said Wednesday. Despite PC headwinds, a $1 billion sales miss back in Q1, a fast move to new-generation 10-nanometer chip manufacturing and lowered Q4 data center guidance, Intel stock is down only 4% for the year, Shah wrote in a research report. “We think the market is telling us that Intel is a survivor,” he wrote. He upgraded Intel stock to a buy from neutral and boosted his

Qualcomm Faces EU Spat for Antitrust Concerns; Stock Down

Qualcomm Inc.QCOM is in troubled waters again. Recently, the European Union (EU) Competition Commission leveled charges against the company’s anti competitive practices in the chip making industry. Following the announcement, the company’s shares plunged as much as 6%. Notably,