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Cirrus Logic (NASDAQ:CRUS) Might Have The Makings Of A Multi-Bagger
At US$123, Is Cirrus Logic, Inc. (NASDAQ:CRUS) Worth Looking At Closely?
The supply chain is in disarray, leaving investors worried about the demand for iPhone 16.
Analysts including Ming-Chi Kuo of TF International, as well as analysts from Barclays, JPMorgan, and Bank of America, have all mentioned that early data shows the iPhone 16 Pro series is below expectations. This has led to a general decline in Apple's stock and related concept stocks on Monday. Kuo stated that one of the key factors for the decrease in demand for the iPhone 16 series is that the main selling point, Apple Intelligence, was not released with the iPhone 16.
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Apple supplier's stock price drops, analysts issue warning on demand for iPhone 16 Pro.
Apple suppliers' stock prices fell on Monday, with analysts warning that demand for the new iPhone 16 Pro was weaker than expected based on pre-order sales data. In the USA, Cirrus Logic fell by 7.6%, Qorvo by 6.3%, Skyworks by 5%, Micron by 4.4%, Broadcom by 3%, Taiwan Semiconductor by 2.3%, and Apple by 3.3%. In Europe, stocks of suppliers such as Infineon, STMicroelectronics, and Osram fell by at least 2%. In the smart phone industry, wafer manufacturers with high exposure, Soitec, fell by about 9%. TF International Securities
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