|Bid||46.48 x 1000|
|Ask||46.61 x 3100|
|Day's Range||45.90 - 47.97|
|52 Week Range||25.83 - 59.27|
|Beta (5Y Monthly)||2.83|
|PE Ratio (TTM)||155.27|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 26, 1995|
|1y Target Est||49.66|
Several chip stocks are acting well in the coronavirus correction. Nvidia, AMD, Taiwan Semiconductor, Inphi and ASML should be on your watchlist.
Opinions can heat up as fast as an overloaded GPU processor, when the conversation among gaming enthusiasts turns to their favorite GPU manufacturer. AMD and Nvidia are the two dominant forces in the field, and each boasts legions of fans.While hardly any companies have been immune to the destructive effect of coronavirus, the two chipmakers have withstood the macro storm relatively well. As Wall Street analysts make adjustments to fit the new coronavirus driven paradigm, these market leaders have caught Wall Street's attention.Investment firm Wedbush just added both AMD and Nvidia to its “Best Ideas List.” The list – which comprises 29 stocks – highlights the firm's highest rated equities, chosen by its analysts, and vetted by its Investment Committee.We ran the two through TipRanks database to further gauge the Street’s sentiment towards the GPU giants. It appears, that in addition to Wedbush’s call, both are Buy-rated and are poised to offer investors returns of at least 10% in the next 12 months. Let’s take a closer look.Advanced Micro Devices (AMD)Considering AMD was last year’s star performer, adding an extraordinary 156% to the share price over the year, you might’ve expected a sharp downturn in the recent demolition of the market. But true to form, the chip giant has given little back to Mr. Market, and in the current climate its year-to-date loss of only 3%, displays investors’ confidence in AMD’s strength.Wedbush’s Matt Bryson agrees. The analyst keeps his Outperform rating on AMD intact, along with a $57 price target. Expect the GPU player to add an extra 28% to the share price should Bryson’s thesis play out over the following months. (To watch Bryson’s track record, click here)Backing up his call, the Wedbush analyst notes AMD’s strong balance sheet, which includes more than $1 billion in net cash. Additionally, because the company no longer has any fab assets (the costly plants where integrated circuits are manufactured), it does not have “either fab utilization risk or exposure to significant capital requirements,” which in difficult times such as these, can weigh heavily on the balance sheet.Most of AMD’s revenue is from gaming, data center and PCs. Bryson anticipates all three segments to “outperform in a downturn”, and notes that social distancing equates to more gaming time, while people shifting towards remote work should provide an uptick in AMD’s data center and PC segments.Bryson expounded, “AMD's revenue growth is tied to share gains in PC and Server CPUs (rather than broader market trends). While lower market growth will weigh on revenue/earnings, continued share shift (they gained roughly 1%/Q in '19) should allow AMD to outperform market peers struggling with economic trends… While the current environment clearly creates significant uncertainty; AMD's FY'20 and intermediate term guide looked very conservative prior to concerns around COVID-19 appearing, a setup that should insulate AMD (in contrast to its peers).”Out on the Street, AMD’s Moderate Buy consensus rating breaks down into 14 Buys, 13 Holds and 1 Sell. Investors can expect returns of 17.5%., should the average price target of $52.44, be met in the year ahead. (See AMD stock analysis on TipRanks)Nvidia (NVDA)Although not as quite a market shredding act as AMD in last year’s bull run, Nvidia still managed to add an extra 73% to its share price over the year. The run had extended right up until March, when the stock was pulled down along with everything else. Nevertheless, the recent strong bounce back appears to be a good sign, and Nvidia stock at its current price seems to be attracting a lot of Street attention.Wedbush’s Matt Bryson (who also covers AMD) evidently thinks so, and notes Nvidia is “advantaged vs many peers in dealing with COVID-19.” So, what lies behind the analyst’s positive assessment?Well, for starters, Bryson notes the percentage of FY20 revenue two of the GPU leader’s segments – gaming and Datacenter - make up. Both are well suited to benefit from the current crisis, with the former amounting to 57%, and the latter– its largest growth driver – making up 21%. As with AMD, the current stay-at-home climate bodes well for both divisions.The similarities extend further. You can add Nvidia’s fabless model to the list, and while the analyst was impressed by AMD’s strong balance sheet, Nvidia’s is even more eye popping. With cash and investments worth $10.9 billion, reduce the $2 billion of debt, and it leaves Nvidia with a net cash position of $8.9 billion.There are other near-term catalysts, too. Last year, Nvidia outbid Intel for Mellanox Technologies. The acquisition of the Israeli chip designer is its biggest-ever, in a transaction worth $6.8 billion and is expected to be completed shortly. A further catalyst is anticipated from the forthcoming release of Ampere, Nvidia’s next generation GPU.So, what does it mean for investors? Bryson reiterates an Outperform rating, along with a $311.00 price target. From current levels, the upside is 27%.The Street is almost unanimously on the Wedbush analyst’s side. 27 Buys, 2 Holds and 1 Sell add up to a Strong Buy consensus rating. The average price target is $304.76, and implies possible gains in the shape of 305%. (See Nvidia stock analysis on TipRanks)
Science Applications' (SAIC) fourth-quarter fiscal 2020 revenues and earnings up significantly on the Engility acquisition and new contract gains.
The pandemic may be taking a toll on markets right now but this temporary phase offers investors a window to buy equities that have a record of performing better than the broader markets.
Futures fell as U.S. coronavirus cases surpassed any other country, including China and Italy. Amid a stock market rally attempt, Amazon, Alibaba, AMD, Netflix, GSX are setting up.
Chipmakers tend to benefit from demand spike for PCs and cloud services, as increasing number of employees and students are working and learning from home amid the coronavirus-led global lockdown.
Just as the semiconductor industry was poised to spring back from a cyclical downturn, the coronavirus crisis threatens its recovery. Some segments are better off than others though.
Here are five technology stocks including Microsoft (MSFT) for millennials looking to retire comfortably and capitalize on COVID-19 induced sell-off.
Intellectual property pertaining to Advanced Micro Devices, Inc.'s (NASDAQ: AMD) graphics products was stolen, the company said in a Wednesday statement. AMD said it was contacted by someone in December who claimed to be in possession of test files related to a subset of its current and future graphics products. Some of these files were recently posted online, although they have been taken down since then, AMD said. The perpetrator has additional files that haven't been made public yet, according to the company. AMD said it does not think the individual has any other AMD IP. AMD said the stolen graphics IP isn't core to the competitiveness or security of its graphics products."We are working closely with law enforcement officials and other experts as a part of an ongoing criminal investigation," AMD said in the statement.The stolen details may have been related to the code for Navi graphics cards and the Xbox Series X custom GPU built by AMD, Tech Radar reported.The hacker apparently obtained the source code from an unprotected computer/server, Torrent Freak reported. While acknowledging that one source packet has already been released, the hacker said it could be valued at $100 million, according to the report."If I get no buyer I will just leak everything," Torrent Freak quoted the alleged leaker as saying. Related Links:AMD's First Analyst Day In 3 Years Leaves Street Impressed With Product Roadmap, 'Sustaining Momentum'Why BofA Says AMD, Nvidia Are High-Quality, High-Beta Stocks In A Volatile Market See more from Benzinga * Intel, AMD Say They're Operating Near Capacity Despite Coronavirus Disruptions * Why BofA Says AMD, Nvidia Are High-Quality, High-Beta Stocks In A Volatile Market * Intel, AMD And Marvel Screen The Best In This Analyst's Macro Stress Test For COVID-19 Impact(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
AMD is witnessing robust adoption of EPYC processors, which is likely to drive its top-line growth and give it an edge over competitors.
Here we pick six S&P 500 technology stocks that are well-poised to stage a comeback, banking on a coronavirus-prompted rescue package.
SANTA CLARA, Calif., March 25, 2020 -- Today, AMD announced that the 2nd Gen AMD EPYC™ processors and AMD Radeon Instinct™ MI25 GPUs are extending performance advantages.
Futures were mixed-to-lower on a coronavirus stimulus deal after deal optimism led a historic stock market rally Tuesday. AMD, Nvidia, Shopify cleared a key level. Nike earnings beat late
Eventually, most PC users will see this …Source: Shutterstock It's known as the blue screen of death in casual tech circles, but for those of you who haven't experienced this harbinger of doom yet, let me assure you it will ruin your day. Blue screens often indicate severe hardware failures that can cost hundreds of dollars to fix.Tech-savvy folks often avoid facing this costly fate, however. They simply make sure to purchase a computer with the right specifications needed to handle the jobs they will task their computers with.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor years the golden rule was to make sure you purchased a PC with an Intel Corporation (NASDAQ:INTC) processor.Intel has ridden the coattails of this strong positive sentiment for a long time. Sure, they weren't the only chipmaker in town, but Intel did without a doubt make the most powerful and fastest performing processors available.Back then, Advanced Micro Devices' (NASDAQ:AMD) chips were viewed as bargain-bin processors. They were functional, but not nearly as high-quality a product compared to Intel's chips. As such, many consumers opted for the latter.But that's all changing right before our eyes. Intel's dominance in the consumer PC market is under fire. It's all thanks to AMD's new Ryzen processor and few other tricks AMD has had up its sleeve.This makes AMD a great dip buy while we wait for the market to turnaround from the recent coronavirus selloff. AMD's Ryzen Wows Budget-Minded GamersThe reviews are in and on many fronts AMD's new Ryzen processor line is faster and more powerful than Intel's chips.The big difference between AMD's Ryzen CPUs and Intel's chips are their core counts, which is a key component of processor power. More cores mean more threaded operations, faster clock speeds and generally better performance.For economical gamers there's no better bang for your buck right now than AMD's Ryzen, according to critics and reviewers.For investors this is equally important.Advanced AI applications, VR and AR tech, even driverless car systems rely on chips that can process visual data. Chips that can handle the rigors of today's video games have greater applications in these new age industries. Click to Enlarge Source: Chart courtesy of StockCharts.comThis is a huge win for AMD and it's been a big driver behind the massive run-up in their stock price through mid-February.That said there's more to the story.AMD's high-performance supercomputer, its 2nd Gen Epyc system, is making waves as well. Leaseweb Global recently selected them to power their cloud infrastructure and the system is also being employed at Lawrence Livermore National Laboratory in California.The cloud market is a very important growth driver for big tech. AMD going for its market shares now adds to their long-term growth prospects. Success here will handsomely reward shareholders. AMD Looking ForwardAMD's Chief Executive Officer Lisa Su recently signaled long-term annual growth of 20% moving forward. A lot of that growth will be specifically tied the success of AMD's Epyc supercomputer.Cloud infrastructure is a new industry with a ton of potential for both chipmakers and investors. If AMD can show its Epyc system is one of the better supercomputers to support a cloud network, AMD could have a banner year.But perhaps more important to AMD's future than the launch of their 2nd Gen Epyc supercomputer is their launch of the Navi 2X GPU and Zen 3 CPUs expected later this year.We saw how Nvidia (NASDAQ:NVDA) rose from obscurity to market leader off the strength of their GPU business. If AMD's GPUs prove comparable, investors have a good chance at capturing meteoric gains as well.With the surging demand in GPUs for AR, VR, driverless tech and a host of other new technologies AMD is in prime position to make 2019's gains look puny.And that's even with the coronavirus draw-down still in effect. AMD Stands Strong in Wake of CoronavirusThe Dow, S&P 500 and tech-heavy Nasdaq are down roughly 20% to 30% over the past month.In contrast AMD shares are only down about 2.8%. It's no secret what's causing the breakdown across every sector, but what is telling is how AMD is weathering the storm. AMD is down materially less in the same time-frame when compared to the greater market and it's biggest direct competitor, Intel, which is off by 12%.AMD's ability to stave off the selling to some extent is a sign of relative strength. That relative strength is due to the very real success the company is having with its new lineup of chips, GPUs and supercomputers.The bottom line is from Wall Street to Main Street smart folks are staying in AMD as the coronavirus draw-down continues because they know the bull case for AMD is incredible.Once the pandemic fears subside AMD should soar in value.As of this writing, Sean McCloskey did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Stocks Insiders Are Buying Big Amid the Market Panic * 7 A-Rated Stocks to Buy After the Seismic Market Shift * 4 Dividend Stocks Worth a Look Now The post AMD Stock Bucks the Coronavirus Trend, Remains 2020's Best Tech Stock appeared first on InvestorPlace.
The markets got a huge bounce on Tuesday, but they're not out of the woods. That said, let's look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Click to Enlarge Source: Chart courtesy of StockCharts.comNvidia (NASDAQ:NVDA) has been bursting higher off the recent lows, already up $63 (33%) from the recent low. However, despite Tuesday's big rally, shares ran into resistance at the 50-day moving average.Investors are getting pretty bulled up after the recent move. Keep in mind, Another test of the $200 level and 200-day moving average is certainly not out of the cards in this market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn a pullback, look to see how NVDA holds up in the $230 to $235 area. A break below may lead to a retest of the recent lows, or at least a near retest. * 7 Stocks Insiders Are Buying Big Amid the Market Panic Over the 50-day moving average, though, and Nvidia stock can climb to $270-plus, technically speaking. Top Stock Trades for Tomorrow No. 2: Advanced Micro Devices (AMD) Click to Enlarge Source: Chart courtesy of StockCharts.comRemember that sweet falling wedge setup we were hollering about last week in Advanced Micro Devices (NASDAQ:AMD)? Well, look at it playing out now.Shares burst over $42 and eclipsed $46 in Tuesday's session. So far, though, it's struggling to hold this mark. Traders may consider taking some profits now, or closing it and realizing all of their profits.Over $46, and the 50-day moving average just north of $48 is possible. Below the 100-day moving average at $44.71, however, and a retest of the $42 level may be in play. And in this market, anything is possible. Top Stock Trades for Tomorrow No. 3: Nasdaq ETF (QQQ) Click to Enlarge Source: Chart courtesy of StockCharts.comAs good as bulls feel right now, this may be nothing more than a dead-cat bounce. Is that a guarantee? Of course not. But realize that bottoming is usually more a process than an event.And even though Tuesday's move feels good, the PowerShares QQQ ETF (NASDAQ:QQQ) mostly remains stuck in its recent range. That's between about $168 on the downside and $185 on the upside. It's been a volatile and choppy ride inside of this range, but so far, it's been holding. * 3 Gig Economy Stocks to Watch As Coronavirus Pressures Persist A breakout over $185 could get a squeeze going up to the $195 level and the 200-day moving average. However, if the QQQ can't breakout over $185, it leaves $170 or lower on the table. Below $170, and a retest of the $165 low is possible. Top Stock Trades for Tomorrow No. 4: MGM Resorts (MGM) Click to Enlarge Source: Chart courtesy of StockCharts.comMGM Resorts (NYSE:MGM) and other casino and hospitality stocks have been demolished. That's why we're using a 10-year weekly chart to get an idea of this crazy range. Support came into play near $8.50, even though MGM did briefly break below this mark. On the plus side, it did not close below it on a weekly basis. Now bouncing, let's see if MGM can get back to the $16 mark. Above could trigger a breakout back to $20-plus. If $16 is resistance, though, the new trading range could -- at least for now -- become $8.50 to $16. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Stocks Insiders Are Buying Big Amid the Market Panic * 7 A-Rated Stocks to Buy After the Seismic Market Shift * 4 Dividend Stocks Worth a Look Now The post 4 Top Stock Trades for Wednesday: NVDA, AMD, QQQ, MGM appeared first on InvestorPlace.
Advanced Micro (AMD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
AMD is still leading chips, Shopify is back on shopping lists and JD.com stock is not on lockdown.
Even as the sell-side debates the extent of the damage the COVID-19 pandemic will inflict on chipmakers, Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NASDAQ: AMD) appear to be going strong in the face of the adversity.AMD, Intel Say Supply To Keep Pace With Rising Demand AMD and Intel have said they are geared to meet the increasing processing power needs triggered by the pandemic.With the onset of the COVID-19 in China late last year and its subsequent global spread, many people have opted to or have been forced to stay indoors and work or learn remotely to contain the virus. This has put a huge strain on network infrastructure and in turn on servers used in data center, according to Tom's Hardware.It goes without saying that demand for the chips that power these devices could rise proportionately. Intel, AMD Working Full Throttle Intel has sought to allay concerns about a potential chip shortage, especially those used in servers and networking equipment."Intel factories around the world continue to operate on a relatively normal basis," CEO Bob Swan said in a March 19 letter to customers and partners.While noting there has been a historic deployment of remote work and digital access to services across every domain, including medicine, education, government and entertainment, Swan said Intel is providing tools and services such as AI and high-performance computing, robots and technology solutions for virtual learning for these evolving needs.Swan acknowledged the commitment of the company's team to sustain its manufacturing, assembly, test and supply chain operations."They are working hard to make sure you can continue to be successful while sustaining a rate of on-time delivery currently greater than 90%," the CEO said.AMD relayed a similar message.AMD is working to maintain business continuity by mitigating the impact on the company's global operations, and also taking steps to assure the safety of its employees during the outbreak, CEO Lisa Su said in a letter to customers last week.Demand Tilting Toward Server Chips Remote working and virtual learning needs have increased bandwidth for video, while resources for collaborative services such as Slack and Zoom Video Communications Inc (NASDAQ: ZM) require a higher level of computing, according to Tom's Hardware."That means there will likely be an increased need for critical infrastructure, such as servers," the report said.Therefore, AMD and Intel may be forced to divert resources to manufacturing server processors and away from client processors.At last check, AMD shares were rising 3.53% to $41.01 and Intel shares were up 5.87% at $48.52.Related Links:AMD Approaching Levels That Present More Balanced Risk-Reward, Analyst Says Why AMD's Coronavirus Impact Could Be Worse Than Intel, Nvidia See more from Benzinga * Why BofA Says AMD, Nvidia Are High-Quality, High-Beta Stocks In A Volatile Market * Intel, AMD And Marvel Screen The Best In This Analyst's Macro Stress Test For COVID-19 Impact * Vulnerability Threat Unearthed In AMD Processors Manufactured Between 2011-2019(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
As the coronavirus has spread in the U.S., the stock market has become extraordinarily volatile. Investors and professional money managers are having difficulty analyzing the stock market because there are no prior models similar to the scope of the coronavirus crisis. Here is a key question: “Is there an easy, objective way to tell when the stock market bottom is likely in?” The emphasis is on “easy” and “objective.”
Gaming console demand is likely to recover in the second half of 2020 or 2021 following a weak first half, and Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) would be key beneficiaries, according to BofA Securities.The AMD, Nvidia Analyst Vivek Arya reiterated Buy ratings on both AMD and Nvidia with price targets of $53 and $300, respectively. Takeaways On AMD, Nvidia The second-half recovery expected in gaming consoles is a function of a new consumer game console cycle that could catalyze a PC gaming upcycle in 2021, Arya said in a Friday note. (See his track record here.)Microsoft Corporation's (NASDAQ: MSFT) Xbox Series X and Sony Corp's (NYSE: SNE) PlayStation 5 are using processors co-designed with AMD, the analyst said. The substantially improved graphics and the adoption of ray tracing by AMD's gaming processors is likely to raise the bar for content creators and benefit the entire gaming ecosystem, including Nvidia, he said. Arya said he sees Nvidia and AMD benefiting from a PC GPU upgrade cycle on par with what was seen in the three years following the launch of the prior generation consoles.Nvidia's PC gaming sales grew at an annual pace of over 35% at that time, the analyst said. Ray tracing, though seeing niche adoption to date due to hardware and software bottlenecks, could see increased usage as the ecosystem begins to take shape, he said. Nvidia's cloud gaming service GeForce Now launched in early February and is off to a good start, according to BofA. "Rapid GFN adoption along with Steam's recently reported record concurrent usage (20mn users in a single 24hr period) suggests that demand for PC gaming remains resilient," Arya said. BofA named Nvidia and AMD as its favored high-quality, high-beta stocks with soid end market drivers at a time of volatility tied to the coronavirus pandemic. AMD, Nvidia Price Action AMD shares were up 2.41% at $40.78 at the time of publication Friday, while Nvidia shares were down 2.05% at $208.60. Related Links:Esports, Gaming Thrive, Adapt As Nation Grapples With Pandemic AMD's First Analyst Day In 3 Years Leaves Street Impressed With Product Roadmap, 'Sustaining Momentum'Latest Ratings for AMD DateFirmActionFromTo Mar 2020Wells FargoMaintainsEqual-Weight Mar 2020NorthlandUpgradesMarket PerformOutperform Mar 2020Deutsche BankMaintainsHold View More Analyst Ratings for AMD View the Latest Analyst Ratings See more from Benzinga * Intel, AMD And Marvel Screen The Best In This Analyst's Macro Stress Test For COVID-19 Impact * Vulnerability Threat Unearthed In AMD Processors Manufactured Between 2011-2019 * AMD's First Analyst Day In 3 Years Leaves Street Impressed With Product Roadmap, 'Sustaining Momentum'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.