# Analyst Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Analyst", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Analyst Who Expected a Sharp Drop in the Bitcoin Market Reconsidered His Stance: "I Admit I Was Wrong"

Crypto analyst Benjamin Cowen admitted his previous bearish Bitcoin forecast was wrong and revised his outlook. He had predicted Bitcoin would not surpass its May peak, but BTC did, reaching around $86,000. Cowen acknowledged his key error was assuming a Federal Reserve interest rate hike would immediately negatively impact Bitcoin's price. While his expectations for rising energy prices, bond yields, rates, and a stronger dollar largely materialized, Bitcoin rose alongside the dollar instead of falling. Analyzing past Fed rate hike cycles starting in 2015 and 2022, Cowen noted Bitcoin did not always drop immediately after the first hike; it sometimes continued rising before weakening later. He also observed Bitcoin is performing stronger in the current mid-term election cycle, with a ~50% rally from summer lows compared to ~40% recoveries in 2018 and 2022. Cowen suggested spot Bitcoin ETFs may have strengthened BTC's correlation with traditional finance, meaning past cycle patterns should be applied more cautiously now. While not ruling out a year-end correction, Cowen argues it may not lead to a new macro low as he previously thought. Given the higher peak, a potential pullback could instead form a "higher macro low." He believes a significant Bitcoin decline would likely require a major stock market correction, positing that even a 10% drop in the S&P 500 might not push BTC to new lows. Cowen concluded the burden of proof has shifted from bulls to bears, stating that if significant Q4 weakness is expected, bears must now demonstrate it.

cryptonews.ru09/23 21:15

Analyst Who Expected a Sharp Drop in the Bitcoin Market Reconsidered His Stance: "I Admit I Was Wrong"

cryptonews.ru09/23 21:15

Morgan Stanley Research Report Insights: Traditional Server Revenue Up 87%, Storage Still in Early Cycle

Morgan Stanley's IT Hardware report on September 21, 2026, highlights strong enterprise hardware spending in Q2. Traditional server revenue grew 87% year-over-year, storage grew 34%, and PC revenue grew 14%, marking multi-year highs outside of pandemic periods. However, the market has largely priced in this strength, with valuation multiples contracting post-earnings for most stocks. The key question is the sustainability of this cycle. The core thesis is that storage remains in the early stages of an upcycle, servers are in a later stage, and the PC cycle is deteriorating rapidly. Morgan Stanley's top picks are P and SNX, followed by HPE. It maintains a Neutral rating on Dell due to full valuation and a Underweight on HPQ, which faces dual pressure from weak PC demand and margin compression. Storage growth is accelerating, with P gaining significant share in the external OEM market. Server margins are at unprecedented highs for Dell and HPE, driven by supply constraints, richer configurations, and strong pricing power. While Dell's execution is seen as best-in-class, its current valuation premium limits upside. For HPQ, significant downside is anticipated due to margin pressures and weak PC unit trends. Near-term catalysts include Dell's COO meeting, P's Analyst Day, SNX's earnings, and HPE's networking event. Key data to watch includes IDC's preliminary Q3 PC figures, Taiwanese ODM sales, and supply chain pricing for DRAM/NAND. The report concludes by questioning whether valuation compression for hardware stocks will reverse if demand continues to outstrip supply into 2027, or if the market will continue to price in a cyclical peak early.

marsbit09/22 06:15

Morgan Stanley Research Report Insights: Traditional Server Revenue Up 87%, Storage Still in Early Cycle

marsbit09/22 06:15

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