Fabrinet downgraded to Sell from Neutral at B. Riley [Yahoo! Finance]
Fabrinet Ordinary Shares (FN)
Last fabrinet ordinary shares earnings: 2/3 04:15 pm
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US:NYSE Investor Relations:
investor.fabrinet.com/investor-relations
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Source: Yahoo! Finance
The analyst believes the trend of unbundling Nvidia's ( NVDA ) GPU platforms will adversely impact Fabrinet's optics business. Amazon (AMZN), Microsoft (MSFT), and Meta (META) have been buying Nvidia's GPU platforms, such as HGX H100, that contain other components, including optics, the analyst tells investors in a research note. However, Riley's latest checks indicate Amazon is about to change its purchasing model to buy just Nvidia's GPUs, and make their own platforms. This won't impact Nvidia's GPU business, but will impact Nvidia's optics business since it is about to lose one a major customer in Amazon, contends Riley. The firm says this unbundling trend could threaten Fabrinet's optics business, since it is “just a matter of time before” Microsoft and Meta follow Amazon's footsteps. Unlock your investing potential with TipRanks Premium - Now At 40% OFF! Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter Published first on TheFly – th
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News
- Why Fabrinet Stock Sank Today [Yahoo! Finance]Yahoo! Finance
- Fabrinet (NYSE: FN) was downgraded by analysts at B. Riley from a "neutral" rating to a "sell" rating. They now have a $178.00 price target on the stock, down previously from $194.00.MarketBeat
- Fabrinet (NYSE: FN) was downgraded by analysts at B. Riley from a "neutral" rating to a "sell" rating. They now have a $178.00 price target on the stock, down previously from $194.00.MarketBeat
- Fabrinet (NYSE: FN) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $292.00 price target on the stock.MarketBeat
- Here's Why Fabrinet (FN) Remains a Top Five Fund Position in FPA Queens Road Small Cap Value Fund's Portfolio [Yahoo! Finance]Yahoo! Finance
FN
Earnings
- 11/4/24 - Beat
FN
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 144
- 11/5/24 - Form 10-Q
- FN's page on the SEC website