Morgan Stanley analyst Joseph Moore said he expects demand for cloud, PCs and phones to improve seasonally through the year, but he contends that buying DRAM stocks "because cloud spending will come back" is highly likely to end in disappointment as he thinks DRAM is fundamentally oversupplied. Moore sees 2019 as a difficult year for DRAM even with a sharp demand recovery in spending and would rather buy Intel (INTC) or NVIDIA (NVDA) for a cloud recovery, he tells investors. He maintains an Equal Weight rating on Micron (MU) shares, but added that he thinks the stock is "ahead of itself in the short term."

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Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."

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

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