) shares dropped 6% in premarket trading on Thursday after the chipmaker’s current-quarter revenue forecast failed to impress investors looking for outsized results powered by the AI demand surge.
“Anything less than fantastic is not good enough when your share price got multiplied by three in just about 18 months,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank in a note. Goldman Sachs’s analysts view the stock’s pullback “as an opportunity to add to positions” as the brokerage continues to see market share gains for the company in the lucrative HBM chip market.
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