The stock is up $1.74 (+1.29%) at $136.18, just under the $137.23 all-time high on April 17:
5G Wireless Business Has 'Room To Grow' For This Hot Chip Stock
Investment bank Morgan Stanley on Monday raised its price target on Xilinx stock ahead of the highflying chipmaker's quarterly earnings report this week....MORE
Morgan Stanley analyst Joseph Moore reiterated his overweight rating on Xilinx (XLNX), but raised his price target to 137 from 101.
Xilinx stock dipped 0.4% to 134.44 on the stock market today. It broke out of a seven-week consolidation period at a buy point of 95.28 on Jan. 24.
Xilinx's burgeoning business selling chips for the buildout of 5G wireless networks "has room to grow," Moore said in a note to clients. 5G is an abbreviation for fifth-generation cellular networks....
Previously:
Chips: Zacks Likes Xilinx (XLNX)
So do we....
"Top-Rated Chipmaker Xilinx Gets Big Price-Target Hike On 5G Prospects" (XLNX; NVDA)
Although the stock is more extended than NVIDIA was at a similar stage of development, XLNX is clearly the new "It Girl" of the chip world. (sorry NVDA)...
... IBD has been cheerleading the stock for a while now and we have a few posts as well:
Watch Out NVIDIA: "Amazon, Huawei efforts show move to AI-centric chips continues"
This move toward specialized chips is something the cognoscenti have been talking about for a few years, see after the jump if interested....Chips: The Accelerator Wall—A New Problem for a Post-Moore’s Law World (GPU; ASIC; FPGA)
Watch Out Nvidia, Xilinx Is Performing (reports, beats, pops) XLNX; NVDA
Xilinx with their field-programmable gate array approach versus Nvidia's more generalist chips is an example of the type of competition experts were predicting NVDA would be facing, some over two years ago, links after the jump...Artificial Intelligence Chips: Past, Present and Future
Chipmakers Battle To Power Artificial Intelligence In Cloud Data Centers" (AMD; NVDA; XLNX; INTC)
"Xilinx Analyst Day Plays Heavy on AI" (XLNX)
A Dip Into Chips: "AI Chip Architectures Race To The Edge"
"Why Alibaba is betting big on AI chips and quantum computing"
Hot Chips 2018 Symposium on High Performance Chips
Chips: "A Rogues Gallery of Post-Moore’s Law Options"
