Semiconductor stocks surged on Wednesday after$NVIDIA (NVDA.US)$'s CEO Jensen Huang emphasized strong demand for AI chips. KeyBanc analyst John Vinh explained the recovery following Nvidia’s 8% intraday rise, attributing it to an overreaction to earnings, though the AI trade remains strong. Oracle played a key role by reporting accelerating AI growth and announcing a doubling of capital expenditures next year. This reassured investors that AI inv...
$Cirrus Logic (CRUS.US)$rose more than 10% in after-hours trading Tuesday after the semiconductor giant reported big fiscal Q4 earnings and revenue beats. CRUS gained 10.8% to trade at $101.01 shortly before 5 p.m. ET after reporting $1.24 in earnings per share, reportedly crushing analysts' $0.64 consensus estimate. Cirrus also recorded $371.8 million in quarterly revenues, handily beating analysts' reported $315.6 million consensus fo...
Despite the impact of unusual items on Cirrus Logic's earnings, it is believed that the company's statutory profit understates its earnings potential. An improvement is expected next year if these unusual expenses do not recur.
Cirrus Logic's earnings growth due to profit reinvestment is commendable despite a lower ROE. However, the low ROE suggests investors may not be fully benefitting from this reinvestment. Analysts predict a momentum in the company's earnings.
Despite high P/E ratio of Cirrus Logic, investors are willing to pay premium due to expected strong future growth. High P/E ratio is tolerated since future earnings don't seem to be under threat.
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Cirrus Logic Stock Discussion
Oracle played a key role by reporting accelerating AI growth and announcing a doubling of capital expenditures next year. This reassured investors that AI inv...
CRUS gained 10.8% to trade at $101.01 shortly before 5 p.m. ET after reporting $1.24 in earnings per share, reportedly crushing analysts' $0.64 consensus estimate.
Cirrus also recorded $371.8 million in quarterly revenues, handily beating analysts' reported $315.6 million consensus fo...
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$Cirrus Logic (CRUS.US)$ $Green Plains Inc (GPRE.US)$ $Hitek Global (HKIT.US)$ $Greif (GEF.US)$
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$Cirrus Logic (CRUS.US)$ Kioxia Japan $Texas Instruments (TXN.US)$ $NXP Semiconductors (NXPI.US)$ $Broadcom (AVGO.US)$ Skhynix Korea $RENESAS ELECTRONICS CORP (RNECF.US)$ $STMicroelectronics (STM.US)$ Bosch $Skyworks Solutions (SWKS.US)$ $Qualcomm (QCOM.US)$ $Qorvo (QRVO.US)$
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