Macquarie Maintains Neutral on Ballys, Raises Price Target to $12
Macquarie analyst Chad Beynon maintains Ballys (NYSE:BALY) with a Neutral and raises the price target from $11 to $12.
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CNN Fear & Greed index showed improved market sentiment, with S&P 500 hitting a new record high after PPI data release. Nasdaq up 0.81%.
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Macquarie analyst Chad Beynon maintains Ballys (NYSE:BALY) with a Neutral and raises the price target from $11 to $12.
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The article compares two semiconductor companies powering AI data centers: Astera Labs, a high-speed connectivity specialist with 115% revenue growth but high customer concentration (70% from one customer), and Marvell Technology, a broader semiconductor provider with 42% growth, lower valuation multiples, and confidence in reaching $70-90 billion in revenue by 2031. The author recommends Marvell due to its more attractive valuation, diversified product portfolio, and long-term growth visibility despite both companies facing customer concentration and geopolitical risks.
The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.