|Bid||44.250 x 1200|
|Ask||44.260 x 2200|
|Day's Range||44.020 - 44.520|
|52 Week Range||40.490 - 57.600|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||15.88|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||1.20 (2.73%)|
|1y Target Est||55.03|
Seeking a scapegoat for October’s stock market convulsions? Try the dark cloud looming on the horizon known as peak earnings growth. With profit growth poised to slow sharply in 2019 for a number of reasons – chief among them less of a jolt from the Trump tax cuts – the market swoon happening today likely reflects the bottom line reality ahead.
The Advanced Micro Devices-Intel CPU (central processing unit) story is taking an interesting twist in 2018 as Intel faces CPU supply shortage for its 14-nm (nanometer) node. The revelation of Intel’s supply shortage created a window of opportunity for AMD (AMD), sending the stock up 14% between September 5 and September 27.
Advanced Micro Devices (AMD) saw a turnaround in its earnings in 2017 as revenue picked up in its CG (Computing and Graphics) segment. It offers PC CPUs (central processing units) and PC and server GPUs (graphics processing units). In the first half of 2018, revenues for Computing and Graphics rose 79% year-over-year to $2.2 billion, accounting for 65% of revenue.
October Has Been Weak for AMD Stock: What's Ahead? Advanced Micro Devices (AMD) stock was hit by bearish analyst sentiments, which led to a pullback in its stock in October. According to a CNBC article dated October 1, Baird analyst Tristan Gerra acknowledged AMD’s growth potential in the server market, which was also visible in its stock price. Gerra stated that AMD’s opportunity to gain CPU (central processing unit) market share from Intel’s (INTC) supply shortage was limited, as the latter had announced that it had sufficient supply to meet its 2018 revenue guidance.
Advanced Micro Devices (AMD) and Intel (INTC) have been rivals in the CPU (central processing unit) market for a very long time. In the first quarter of 2006, they were at the peak of the competition with both having a market share close to 50%. At that time, AMD’s stock crossed $40.0, while Intel’s stock was hovering around $20.
Advanced Micro Devices (AMD) is driving its current growth by transitioning to an advanced manufacturing node, implementing a multigenerational roadmap, and focusing on high-computing products such as server processors and high-end PC CPUs (central processing units) and GPUs (graphics processing units).
October Has Been Weak for AMD Stock: What's Ahead? This optimism was driven by Intel’s (INTC) CPU (central processing unit) supply shortages and AMD’s process technology lead in 2019. A CNBC article dated September 21 noted that Jefferies analyst Mark Lipacis was bullish on AMD, as he expected the company to triple its CPU market share from 10% to 30%.
Chips stocks are showing signs of life. Advanced Micro Devices AMD , Intel INTC , Texas Instruments TXN and Nvidia NVDA roared higher to begin the week, helping the SMH semiconductor ETF bounce back from the month's lows. The rebound will be short-lived, says Ari Wald, head of technical analysis at Oppenheimer.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday.
Let's check out the Yahoo Finance charts of the day. Intel (INTC ): Shares are up in early trade, at around .49%. Nomura/Instinet upgraded the chipmaker's stock to "buy" from "neutral". They see Intel as the only company in the semiconductor space which is likely to raise earnings estimates this month or next. Chipotle Mexican Grill (CMG): Shares down here, at around .21%. RBC Capital upgraded the fast food restaurant to outperform from sector perform on same-store sales growth potential. Analysts think the company can execute new menu items and digital delivery opportunities in 2019. Hasbro (HAS): Shares down here, around 5.9%. The toymaker will lay off up to 10% of it's employees. Hasbro said the cuts could save the company between $30 million to $40 million a year by 2020. Sales of the company fell 12% in the third quarter, which the company attributed primarily to the loss of Toys "R" Us. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.