|Bid||30.43 x 3000|
|Ask||30.44 x 1000|
|Day's Range||30.17 - 30.74|
|52 Week Range||16.03 - 35.55|
|Beta (3Y Monthly)||3.15|
|PE Ratio (TTM)||168.07|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.48|
Micron (MU) stock was up 4.21% on Friday and closed at $45.10. MU was trading 12.2% below its 52-week high of $51.39 for a market cap of $49.9 billion.
Cowen analyst Matthew Ramsey reaffirmed an Outperform rating and sees 35% upside to the chip maker’s stock. He wrote recent volatility in AMD stock is near-term noise.
The US and China reached the first phase of the trade deal after struggling for over a year. The “very substantial” deal happened after 13 rounds of talks.
Advanced Micro Devices (NASDAQ:AMD) is expected to make their third-quarter earnings announcement on October 23, 2019. The chipmaker has been in the news for many reasons. Some of those reasons have been good and some not so good. And this good news, bad news dynamic shows up in the AMD stock price.Source: JHVEPhoto / Shutterstock.com The company's stock price is up for the year, but down significantly from its earlier highs. With conflicting information about its future direction, I expect investors to wait for the earnings announcement before making firm decisions on AMD stock. Advanced Micro Is Gaining Market Share with Several New DealsFirst, there is news that supports an increase in Advanced Micro Devices stock. In August, AMD announced that Microsoft (NASDAQ:MSFT) would be using the company's 15-inch processor in one of the latest versions of its Surface laptops. This isn't a move that analysts expect to generate significant revenue for AMD immediately. However it is the first step that Microsoft has taken away from Intel (NASDAQ:INTC).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis followed on the heels of another major announcement from AMD in August. This is when the company announced that Alphabet (NASDAQ:GOOGL) and Twitter (NYSE:TWTR) would be using their second-generation EPYC chip in their data centers. This was another market share win over Intel. AMD Could Be a Victim of Apple's SuccessHowever, there are also reasons for investors to proceed with caution. One reason comes from Apple (NASDAQ:AAPL). Apple is experiencing better-than-expected sales of their new iPhones. Some analysts (and writers like me) thought customers would hold off because of the 5G lineup coming next year. However, Apple has told suppliers to boost production for all three phones by 10%. * 10 Super Boring Stocks to Buy With Super Safe Returns This is significant because, unlike Intel, AMD does not produce its own chips. However, AMD is enjoying a competitive edge over Intel by using 7-nanometer cores in its third-generation Ryzen (Zen 2) processor. Intel is not planning to release its own 7-nanometer chip until 2021.Because of this, PC makers have been turning to AMD for their business. However, if Apple needs 7-nanometer chips to accommodate demand for their new iPhone, then it's likely that AMD will experience delays that could give Intel time to catch up. Short Interest Is Predicting a Decline in the AMD Stock PriceFor the second time in two months, AMD stock is seeing a sharp increase in short interest. In fact, short interest for AMD is now at its highest point in 14 months. This would support the argument that institutional investors believe AMD shares are heading lower as the calendar year comes to an end.In the final two weeks of September, Bill Maurer, an analyst and contributor for Seeking Alpha, observed a rise in short interest of 26.5 million shares. This was the largest such jump for AMD stock since July 2015. Don't Expect Much Help from a Trade DealA potential piece of good news for AMD stock would come from a resolution of the U.S.-China trade war. Late last week, the U.S. and China were involved in high-level negotiations, which eventually led to a temporary truce.However, the consensus from the beginning is that a trade deal will provide a lift if the two superpowers can agree on the thorny issues surrounding intellectual property and Huawei. Trade restrictions have made U.S. chip suppliers unreliable for Chinese companies. A trade deal will only help that if these issues are part of a permanent deal, which seems unlikely. What Is the Market Expecting from AMD Stock?The market is projecting single-digit revenue growth for the year. While that may not sound impressive, you have to consider the context. AMD reported a significant decline in revenue during the first half of the year. Therefore, analysts are projecting Q4 revenue growth of 51% and 25% year-over-year revenue growth in 2020.Will AMD be able to live up to such elevated expectations? We'll start to find out when they release their Q3 earnings. Until then, I expect Advanced Micro Devices stock to stay in a fairly tight range.As of this writing, Chris Markoch did not have a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post AMD Stock Is Telling Two Different Stories appeared first on InvestorPlace.
If it were not for the U.S.-China trade war escalating and then de-escalating throughout the last year, semiconductor stocks would trend higher. Instead, the sector is struggling to hold a trading range that started early this summer. The outlook weakened after various chip companies warned that the second half would come in weaker than expected. Investors need to decide if the strength in chip sales earlier this year was due to customers hoarding supply ahead of tariffs. Or will the refresh in smartphones, led by Samsung, Apple (NASDAQ:AAPL), Huawei and others, give a lift in demand?The uncertainties in chip sales through the rest of the year are already adding volatility to semiconductor stocks. Already trading at low price-to-earnings multiples, value investors seeking growth in the chip sector have several companies to pick from. And since chip stocks may enjoy strong profit growth when demand rebounds, they do not need to pay investors a dividend. Instead, they may grow cash levels and increase capital expenditures when the market improves. * 10 Super Boring Stocks to Buy With Super Safe Returns There are seven semiconductor stocks that investors should consider buying now at current levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Semiconductor Stocks to Buy: Micron (MU)Source: Charles Knowles / Shutterstock.com Micron stock fell from $50 to the low $40s after the company released fourth-quarter results that beat consensus estimates. Investors fretted over the significantly weaker NAND outlook. Bit growth -- one way to represent the projected increased in demand -- will slow in 2020 due to excess supply. Still, for 2019, DRAM supply growth is trailing demand while cost reductions for the fiscal year are moderating. This suggests a demand-supply equilibrium for both NAND and DRAM. Plus, Micron is not slowing down on product innovation.Micron shipped the first 1z-nanometer products, giving it feature size leadership. 75% of its production was 1x while 1Y output will increase. Its 96-layer 3D NAND is becoming a bigger portion of its mix, which should lift profit margins. It is also using replacement gate dyes for the first time, which reduces the replacement gate transition.Near-term worries over excess supply conditions could pull MU stock to below $40 for an extended period. But the market demand for its product will only grow in the coming years. Consumer solid-state drives are now mainstream for computers. Non-volatile memory express -- an interface protocol built for SSDs -- will lift Micron's market share. In mobile, NAND shipments tripled year-over-year. As 5G rolls out, LP5 DRAM demand will increase. Data center and graphics are a strong market and Micron is at the heart of the business. And in automotive, weak sales will not hurt revenues from this segment. Auto companies are adding more computer components, which will lift demand. Nvidia (NVDA)Source: michelmond / Shutterstock.com Nvidia (NASDAQ:NVDA) is well above the $135 lows set in June 2019. Investors continued to accumulate Nvidia stock after its second-quarter report posted on Aug. 15. Chief among its growth segments is its dominance in the GPU market for PCs. Gaming companies continue to support the company's RTX platform. In Q2, a growing number of AAA titles announced support for RTX, including Activision Blizzard's (NASDAQ:ATVI) Call of Duty, Cyberpunk 777, Watchdogs: Legion and Wolfenstein: Youngblood.With RTX cards' inclusion in hundreds of original-equipment-manufacturer laptops will give the GPU segment a strong lift in revenue. Nvidia's solution offers energy efficiency through the Turing architecture and Max-Q technology enables a thin and light form factor.Nvidia reported a 30% jump in the automotive segment, to $209 million. Adoption of its artificial intelligence cockpit solutions plus autonomous driving projects will lead to the sustained growth the company enjoys. Volvo (OTCMKTS:VLVLY), Daimler's (OTCMKTS:DMLRY) Mercedes-Benz models and Toyota (NYSE:TM) are all employing the end-to-end platform.The gaming market will continue to add meaningfully to results. RTX-enabled games continue to grow -- and more will come. Although game sales weakened, game developments and better pricing will lead to higher sales. And that will result in avid gamers upgrading their GPUs to support those titles. Advanced Micro Devices (AMD)Source: JHVEPhoto / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD) earned Microsoft's (NASDAQ:MSFT) vote of confidence after Microsoft chose it to power the Surface Laptop 3. Although this will not add meaningfully to AMD's revenue, it does set a framework for PC manufacturers to follow. AMD's mobile Ryzen offers powerful computing, graphics computing and a great battery life. All of this is wrapped in an ultra-slim form factor.On the gaming front, AMD announced the Radeon RX 5500 to compete against Nvidia's mainstream GTX graphics cards. The refresh replaces the RX 570 and RX 580 GPUs which have been on the market for three years. AMD stock did not move after the announcement because markets are still waiting for a high-end competitor to Nvidia. AMD launched a 7-nanometer RDNA graphics card lineup but gave no hint on when the second-generation version will come. As long as AMD does not lose market share to Nvidia, it should still make decent profits from the GPU market.AMD's new generation of server processors will accelerate its market share growth. It has two chips planned: Epyc Milan and Epyc Genoa. Genoa will target the server and data center markets and will be on the SP5 platform. The company also shared some details on the Zen 3 and Zen 4 architecture. Zen 4 will come in a year and might come on the new 5-nanometer or 6-nanometer process. At this pace, AMD will have a significant lead over the competition. Broadcom (AVGO)Source: Sasima / Shutterstock.com Broadcom (NASDAQ:AVGO) issued a conservative outlook and tone in its third-quarter earnings call. The company said that infrastructure software customer demand remains stable, especially in North America and Western Europe. While semiconductor solution revenue fell 5% year-over-year to $4.4 billion, it rose 6% quarter-over-quarter. Even though the U.S.-China trade conflict lingered in the period, Broadcom did not see the business deteriorate further. This gave management the confidence to forecast $22.5 billion in revenue in fiscal 2019. $17.5 billion will come from semiconductor solutions.Broadcom's semiconductor business is fundamentally strong. Since it is in the business of building connectivity solutions from CPUs to memory in data centers, higher bandwidth demand will drive its growth. With the semiconductor solutions segment representing 79% of its total revenue, the business may rebound from here. That is, if the sector is at a bottom, a ramp-up in orders from North American customers will lead to a rebound in AVGO stock.Its constant commitment to research and development will result in the development of new semiconductor technology. For example, expect higher demand for better performance in connectivity, through increased bandwidth. And as applications transition, it will increase the demand for Broadcom's semiconductor products. Intel (INTC)Source: JHVEPhoto / Shutterstock.com Despite a weak quarterly report that sent the stock to below $45, Intel (NASDAQ:INTC) traded recently at close to $50. Investors forgave the company for the recent business slowdown because Intel stock trades at an inexpensive P/E of 11.8. It also pays a modest dividend that yields 2.5%. What might investors look forward to as Intel faces heavy competition from AMD?Intel has a roadmap of products. Its Cascade Lake processor is on 14-nanometer technology. Even though it is behind AMD's 7-nanometer processor, Cascade Lake has useful features that will appeal to customers. Deep-learning boost technology is inference technology built into the CPU. Optane persistent memory may attract over $10 billion worth of business from the data center market. Optane has a new memory controller on its CPU and supports massive memory sizes, such as 128 gigabyte and 512 gigabyte densities.In the first half of 2020, it will launch the Cooper Lake CPU, followed by Ice Lake in the second half of 2020. Getting two CPU platforms out in a single year is a new approach for Intel. But this cannot come soon enough. These CPUs will be on 10-nanometer processors and already show the promise of high yields. In the short term, investors need to patiently wait for updates on the development of Optane. Intel is in the R&D investing phase but ramping up this business will happen later. NXP Semiconductors (NXPI)Source: Lukassek / Shutterstock.com In the short-term, the NXP Semiconductors (NASDAQ:NXPI) stock price depends on the market's sentiment. But in the long term, as management earns investor confidence in its ability to drive growth, the stock will rise. The supplier of secure connection chips already rose from around $90 in June to above $110, thanks to its strong second-quarter earnings report.NXP has four major end markets for growth. In automotive, advanced driver-assistance systems and electrification will increase chip sales. More OEM car manufacturers seek solution innovations. And as cars add more technology content, NXP stands to benefit from this trend. In the industrial and internet of things segment, the company faces a fragmented customer base. Processing needs are transforming the market, so NXP stands out because it offers scalable solutions.Mobile is still a growing market. And even though sales for high-end smartphones are slowing, phone makers continue to demand features. In driving more innovation, NXP management expects continued growth from this market.Communication infrastructure is a clear growth driver. While the uptake for 5G will trickle in the near term, the shift to the faster network cannot be stopped. The U.S. telecom market is already investing in the change but is rolling it out one city at a time. But once any issues are worked out, 5G implementations will lift NXP's growth. At a forward P/E of under 13, NXPI stock is inexpensive. Qualcomm (QCOM)Source: Akshdeep Kaur Raked / Shutterstock.com Qualcomm (NASDAQ:QCOM) tried but failed to break out above $80 throughout 2019. At a recent price of around $77.50, the stock offers a dividend that yields 3.2%. The stock's upside is getting held back on government scrutiny over its alleged monopoly practices.Qualcomm is expanding its reach beyond smartphone devices and is getting into the laptop market in a big way. Microsoft said that the Surface Pro X will offer an all-day battery life. This feat is due to the 13-inch unit having a Qualcomm Snapdragon 8cx processor called SQ1. Microsoft also boasts that this is the thinnest Surface device ever. In effect, SQ1 ushers in a new era in mobile tablet and laptop computing. Qualcomm also competes with SoftBank's (OTCMKTS:SFTBY) Arm Holdings with the SQ1. Still, it does not compete with AMD's mobile solution since customers may opt for a Surface 3 laptop if they want an AMD-powered system.For the upcoming third quarter, Qualcomm expects revenue in the range of $9.2 billion to $10.2 billion. GAAP diluted earnings per share will be $3.57-$3.77. At 18.5 times forward P/E, investors should consider Qualcomm stock.As of this writing, Chris Lau owned shares of NXPI. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post 7 Semiconductor Stocks to Buy Now appeared first on InvestorPlace.
Some options traders are actively betting that AMD stock will rise after the company reports its Q3 earnings at the end of October. Let's look closer.
Today, Lisa Su completed five years as the CEO of AMD. In these five years, she's brought it back from near bankruptcy and made it into a worthy competitor.
Shares of semiconductor companies are broadly higher Friday, led by the surge in Advanced Micro Devices Inc.'s stock , amid upbeat industry data and a sharp rally in the broader stock market after a report of a U.S.-China trade truce. The PHLX Semiconductor Index hiked up 3.0%, with all 30 components gaining ground. The chip sector tracker (SOX) was now just 1.2% away from its July 24 record close. The biggest gainer in the index was AMD's stock, which ran up 6.0%. Analyst David Wong at Instinet noted that Gartner estimated that worldwide PC shipments in the September quarter rose 8.0% from the previous quarter, and grew 1.1% year over year. Wong wrote in a note to clients Friday that he thinks the solid overall PC environment is "good for AMD," and that AMD will likely benefit from continuing market share momentum. Among the SOX's other more-active components, shares of Micron Technology Inc. climbed 5.6%, Intel Corp. rallied 2.8% and Nvidia Corp. hiked up 2.5%. Over the past three months, AMD shares have still slumped 9%, while the SOX has run up 8.6% and the S&P 500 has eased 0.4%.
In the battle for domination in the graphics niche, the prominent players are Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD), Micron (NASDAQ:MU) and Nvidia (NASDAQ:NVDA). Investors in AMD stock are betting on a company that's kept up with the competition through thick and thin, but there's no room for complacency in the tech war.Source: Sundry Photography / Shutterstock.com With new product releases to get excited about, Advanced Micro Devices stock holders can rest easy knowing that the company is still on the leading edge of the GPU (graphics processing unit) battlefront. But can AMD continue to push the boundaries and add value amid an uber-competitive tech landscape? Behold … AMD's Nvidia KillerThe GPU niche has grown considerably in recent years, with leading manufacturers leapfrogging past each other to make the fastest, most powerful devices on the market. To quote Columbia University's Michalis Polychronakis and co-researchers Giorgos Vasiliadis and Sotiris Ioannidis:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Super Boring Stocks to Buy With Super Safe Returns "Driven to a large extent by the ever-growing video game industry, graphics processors have been constantly evolving, increasing both in computational power and in the range of supported operations and functionality."Not long ago, it seemed as if the graphics-card battle had been won decisively when AMD came out with the Navi 10 GPU, which is hosted inside the company's RX 5700 graphics card series. Sporting a streamlined graphics engine, multi-level cache, and all-new compute units, the redoubtable Navi 10 offered the most seamless streaming and most powerful encoding to date.No wonder they called it the "NVIDIA Killer": the Navi 10's release was an event that delighted techies while giving the AMD stock price its nice little bump, at least temporarily. Moreover, the Navi 10 is a mid-tier offering, meaning that it's competitive not only in terms of raw performance, but also when measured via a performance-versus-price ratio.As if that weren't enough to knock out the competition, AMD plans to release its next-generation GPUs, known as the Navi 21 and Navi 23, in mid-2020. As a higher-end product, the Navi 23 in particular will feature improved performance and most likely a higher price point, and is very likely a direct response to Nvidia's similar RTX 2080 Ti. Buy AMD Stock to Win the Graphics RaceAMD keeps coming up with the best graphics cards and processors on the market, and a stake in Advanced Micro Devices stock is very likely to benefit from the company's ambitious vision and nearly flawless execution of that vision. Serious desktop gamers are practically drooling at the newly-released Radeon RX 5500, which is touted on the company's website as AMD's most evolved high-performance desktop-gaming GPU:"Powered by the groundbreaking 7nm RDNA architecture with Radeon Image Sharpening and Radeon Anti-Lagtechnology, Radeon RX 5500 delivers extremely efficient, ultra-responsive, high-fidelity gaming… The Radeon RX 5500 GPU powers high fidelity gaming for immersive explosions, physics, and lighting effects, bringing realism to life."If you're a gamer, that's probably music to your ears; if you're an AMD stock investor, hopefully you can at least appreciate the verve and the vividness of that description of the RX 5500. You see, desktop computers might seem old-fashioned in the era of the smartphone, but serious gamers take their desktop computers seriously -- and Advanced Micro Devices takes its graphics technology seriously too, in case you couldn't tell by now. The Takeaway on Advanced Micro Devices StockWhatever the future of gaming technology might bring, Advanced Micro Devices is bound to remain on the cutting edge and AMD stock should, if I'm correct in my assessment, be a solid performer amid a constantly evolving -- and seemingly never-ending -- war of the GPUs.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Prepare for an All-Out Graphics War With AMD Stock appeared first on InvestorPlace.
American chipmaker Nvidia (NASDAQ:NVDA) has seen its value surge over the past several months. After a 1.96% percent gain on Wednesday, Nvidia stock is now up about 35% since the start of June and 37% in 2019.NVDA got a big boost on Monday, when several prominent Wall Street analysts substantially raised their 12-month price targets on Nvidia stock. With bullish analysts suggesting that NVDA can climb 20%, is it time to invest in NVDA stock?Source: NPS_87 / Shutterstock.com If everything goes perfectly for Nvidia, the case could certainly be made that it's a buy. However, there are a number of factors that could cool Nvidia's growth, with China looming large on that list.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Case for Buying Nvidia StockNVDA is definitely an attractive stock at the moment. Even though, as mentioned, it's up 37% in 2019, it's still 33% below the level it hit in September 2018. * 7 A-Rated Stocks Under $10 RBC Capital raised its price target on Nvidia stock to $217 on Monday, triggering a rally by Nvidia stock. RBC is not the only firm that's upbeat on NVDA stock. The Wall Street Journal is tracking 37 analysts, and of those, 24 rate NVDA as a "buy." Among the reasons for RBC's upgrade is Nvidia's pending purchase of Mellanox Technologies (NASDAQ:MLNX). The $6.9 billion dollar deal will give NVDA's data-center business a big boost. With the Mellanox deal, Nvidia is positioning itself to be a much bigger player in the explosive world data center market. In 2018 alone, companies like Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) spent $152 billion on hardware and software for data centers. RBC thinks that spending could raise Nvidia's data-center revenue by 100% in the near-term, with sustained growth in the high-double-digit-percentage range.The growth of Nvidia's video-game business and its automotive division are also seen as likely to boost NVDA stock. The revenue of the automotive division -- which supplies chips for autonomous driving systems -- reached a record $209 million last quarter. Factors That Could Derail the Recovery of NVDAWhile there are clearly plenty of reasons to be optimistic about Nvidia stock, there are also factors that could stunt NVDA's growth.While the increase of automotive revenue is good news, graphics cards for gaming still generate half of NVDA's sales. Last quarter, the unit's revenue sank 27% year-over-year to $1.3 billion. That's the result of a lasting "crypto hangover" from the crash of the cryptocurrency market. But the gaming division faces a tough adversary in rival Advanced Micro Devices (NASDAQ:AMD). AMD is aggressively attacking Nvidia in the gaming market and gaining market share in the space.AMD just announced yet another new graphics card that it claims outperforms Nvidia's equivalent card by a wide margin. And when next year's new generation of gaming consoles is released, AMD will be powering the Playstation 5 and the Xbox Scarlett. China remains a huge variable. It's estimated that 44% of Nvidia's revenue comes from the Chinese market. That makes Nvidia stock vulnerable to any escalation in the ongoing trade war between the U.S. and China.And speaking of China, that could be a problem when it comes to Mellanox as well. As InvestorPlace's Vince Martin pointed out, Mellanox is far from a done deal at this point, and China could block the acquisition.At the end of the day, the analysts feel that Nvidia stock is a solid buy. And if all goes according to plan, NVDA could outperform their average price target of $188.70 and hit RBC Capital's $217 target. But I wouldn't count on everything going right for Nvidia stock, especially with the huge China variable and rival AMD coming at NVDA with guns blazing.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Is Now the Time to Buy Nvidia Stock? appeared first on InvestorPlace.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]
All three major U.S. indexes jumped Thursday on the back of some positive U.S.-China trade war news. Even if a deal isn't reached anytime soon the semiconductor industry seems sure to be a solid long-term play...
On Monday, AMD launched its lower-end, Navi-based, 7nm RX 5500 GPU. Intel (INTC) has given hints about its highly anticipated Xe GPU with ray tracing.
Advanced Micro Devices gets an out-of-the-gate thumbs up from Citic Securities, which initiated coverage on the stock with a buy recommendation and a one-year price target of $35 amid what it sees as promising ...
Chipmaker AMD receives a nod from Citic Securities, which initiated coverage of the stock with a buy recommendation and a one-year price target of $35.
Shares of NVIDIA Corporation (NASDAQ: NVDA) traded higher Wednesday after competitor Advanced Micro Devices, Inc. (NASDAQ: AMD) launched its RX 5500 graphics cards, which are expected to undercut Nvidia’s $149 GTX 1650. On Wednesday, Benzinga Pro subscribers received two option alerts related to unusually large Nvidia option trades. At 9:36 a.m., a trader sold 537 Nvidia put options with a $175 strike price expiring Oct. 18 near the bid price at $2.787.
Advanced Micro Devices (AMD) unveils Radeon RX 5500 Series, which is expected to enhance user gaming experience amid increasing competition.