UBS analyst Stephen Chin upgraded Applied Materials (AMAT) to Buy saying he is more confident regarding the OLED investment cycle following company meetings in Korea. The analyst now believes one of Apple's (AAPL) iPhone models could use OLED as early as the second half of 2017, before likely wider adoption in 2018. Chin raised his estimates for Applied Materials' Display segment and now estimates the company could have 20% share of an $8B market. A big order for its equipment could be a positive catalyst and happen later this year, the analyst tells investors in a research note. He raised his price target for Applied Materials to $26 from $21. The stock closed yesterday up 38c to $21.31.

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Erste Group downgraded Apple to Hold from Buy.

Apple (AAPL) supplier TSMC (TSM) has unveiled its A16 chip manufacturing technology featuring nanosheet transistors with "backside power rails" meant for producing its ultra-advanced 1.6nm chips by 2026, Nikkei Asia's Cheng Ting-Fang reports. TSMC says the introduction of the technology can "greatly improve logic density and performance." Reference Link

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link