Yahoo Finance's Julia La Roche sits down with executive chairman and former CEO of Starbucks Howard Schultz
|Bid||13.32 x 1000|
|Ask||13.35 x 5300|
|Day's Range||13.12 - 13.40|
|52 Week Range||6.22 - 15.65|
|PE Ratio (TTM)||-22.13|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Tesla (TSLA) is teaming up with AMD (AMD) to develop its own AI chip for self-driving cars, according to a report by CNBC. Jefferies analyst Mark Lipacis wrote it’s a “critical win” for AMD. On the other hand, Nvidia (NVDA) shares are falling on the news, since a partnership with AMD would make Tesla less reliant on the company.
The chip manufacturer is well positioned to benefit from the growing autonomous car market
Analysts are getting around to kicking the tires on Advanced Micro Devices’s (AMD) new parts, such as the high-end desktop chip, “Threadripper,” and the server part, “Epyc,” after the company formally unveiled at the end of July. Wells Fargo’s David Wong, who has an Outperform rating on AMD stock, and an $18 price target, and who was upbeat about the new chips when detailed during the Siggraph conference, today offers up conclusions from looking at “a variety of sources,” including Web sites hwbattle.com and Anandtech, about how AMD’s chips are as good or better as those from Nvidia (NVDA) and Intel (INTC). In graphics, we think AMD’s Vega products (Vega 64 and 56) offer comparable performance and price to Nvidia’s offerings in the $379- $599 range.