William Kerwin, CFA

We expect immense growth for Broadcom through 2028

We’ve significantly raised our fair value estimate of Micron stock, but still see it as overvalued.

We’ve raised our fair value estimate for Apple stock, and we now believe it looks fairly valued.

Astonishing results have driven this AI stock into significantly overvalued territory.

We’ve raised our fair value estimate of Marvell stock.

Raising our fair value estimate on Applied Materials stock.

We raise our fair value estimate for Apple stock.

Trading 24% below fair value, this wide-moat stock has significant upside, in our view.

John Ternus, Apple’s hardware chief, will take up the role in September.

We think Broadcom stock is moderately undervalued.

We raise our fair value estimate for Marvell stock.

We see immense upside for investors in Broadcom stock.

We believe Apple’s premium prices have built-in buffers for component cost inflation and that it receives best-in-class contract pricing for memory.

We think Apple stock is fairly valued.

The announcements aligned with our long-term view of a strong growth trajectory for QNX.

We see most of BlackBerry’s valuation driven by organic growth in QNX.

We raise our fair value estimate.

We’ve raised our fair value estimate of BlackBerry stock.

We’ve raised our fair value estimate for Micron stock.

We like Apple’s AI features, but see them as incremental improvements.

We raise our fair value estimate for Broadcom stock.

The announcement fits with our expectations for Apple to earn a long-term tariff exemption.

We think Apple stock looks fairly valued.

We continue to appreciate BlackBerry’s march to improved profitability.

We believe AI is helping Apple develop new and convenient features more quickly.