BUZZ-Mizuho Securities cuts PT on Qualcomm, Super Micro Computer
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Mizuho Securities has downgraded Qualcomm (QCOM) from "outperform" to "neutral" and reduced its price target from $200 to $175. The firm also cut the price target for Super Micro Computer (SMCI) from $45 to $31. Qualcomm's stock is down 1.6% premarket, while SMCI is up slightly. Mizuho expects Qualcomm's handset business to face challenges until 2026, with potential demand drops in automotive and IoT segments. SMCI is experiencing increased competition, leading to declining market share in AI servers and pressure on profit margins.
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