|Bid||44.86 x 900|
|Ask||44.84 x 800|
|Day's Range||44.76 - 45.73|
|52 Week Range||42.36 - 59.59|
|Beta (3Y Monthly)||0.40|
|PE Ratio (TTM)||10.13|
|Forward Dividend & Yield||1.26 (2.47%)|
|1y Target Est||N/A|
NVIDIA's (NVDA) first-quarter fiscal 2020 results endure softness in the gaming and data center businesses. However, expectation of a rebound in gaming market is an upside.
Think what you may of President Trump, but there is an undeniable fact. If you watch the stock market as closely as I do, you would notice that Trump often has impeccable timing to prop up the market. • The chart shows the stock market was falling.
How Trump's Executive Order Affected Tech StocksNational securityUS President Donald Trump has declared yet another national emergency. On Wednesday, Trump signed an executive order saying “foreign adversaries are increasingly creating and
U.S. tech giants are lobbying for the green card process to be reformed, and President Donald Trump has a plan to overhaul it.
Now the company, based in Hermiston, Oregon, is trying to figure out how its operations may be affected by President Donald Trump’s decision this week toward banning Huawei equipment. Who knows what’s going to happen?” Joseph Franell, the company’s chief executive officer, said in an interview on Thursday. From service providers that fear having to replace costly equipment to massive chipmakers such as Qualcomm Inc. that could see themselves locked out of China’s lucrative market, the ripples of Trump’s latest moves against Huawei spread quickly.
WASHINGTON/BEIJING (Reuters) - A U.S. bid to block China's Huawei Technologies from buying vital American technology threw into question prospects for sales at some of the largest tech companies and drew a sharp rebuke from Beijing, further ratcheting up tensions over trade. Shares of Huawei's U.S. suppliers fell on fears the Chinese firm would be forced to stop buying American chips, software and other components after the Trump administration banned it from buying U.S. technology without special approval.
HP's (HPQ) latest launches and enhancements demonstrate its efforts to create a well-engineered gaming ecosystem, which covers everything a gamer needs.
Management said the company would generate about $3.53 in per-share sales and 71 cents in per-share earnings for the coming quarter.
TheStreet will be live blogging Nvidia's first-quarter earnings after the close on Thursday, April 16. Wall Street expects first-quarter adjusted earnings from Nvidia of 81 cents a share, down 61% from a year earlier, and revenue of $2.195 billion, a 31% year-over-year decline, according to FactSet. "We've lowered our FY20 estimates for Nvidia due to more dramatic slowing of data center spending and potentially lower PC GPU ASP [average selling price] in FY20 after years of increasing ASP," Stifel analyst Kevin E. Cassidy wrote in a note.
WASHINGTON/NEW YORK (Reuters) - The Trump administration on Wednesday took aim at China’s Huawei Technologies Co Ltd, banning the firm from buying vital U.S. technology without special approval and effectively barring its equipment from U.S. telecom networks on national security grounds. Taken together, the two moves threaten Huawei's ability to continue to sell many products because of its reliance on American suppliers, and represents a significant escalation in the U.S. government's worldwide campaign against the company. The steps also come at a delicate time in relations between China and the United States as the world's two largest economies ratchet up tariffs in a battle over what U.S. officials call China's unfair trade practices.
Let's take a look at what investors should expect from Nvidia's Q1 fiscal 2020 earnings and revenue after the closing bell Thursday.
The narrative in the semiconductor market right now is pretty simple, and it's exceptionally favorable for chip giant Advanced Micro Devices (NASDAQ:AMD). In a nutshell, the CPU market is defined by two players: the small guy, AMD, and the big guy, Intel (NASDAQ:INTC).Source: Matthew Rutledge via FlickrFor a long time, Intel has leveraged its scale, resource, and reach advantages to crush AMD. But, over the past three years, AMD has innovated more quickly that Intel and, in so doing, has launched next-gen chips more quickly than Intel. AMD has consequently gained share on Intel, especially in the all-important data center market. In response, AMD stock has gone from a $2 stock in early 2016, to a $27 stock today.But this narrative is starting to wind down.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo be sure, AMD is still growing much more quickly than Intel where it matters. The company will continue to gain market share for the foreseeable future. But current trends imply that Intel is also finally catching up where it matters. Thus, the pace of AMD market share gains will likely slow for the foreseeable future. * 10 Retirement Stocks That Won't Wilt in a Bear Market As the pace of AMD's market share gains slows, so will the pace of gains in AMD stock. Broadly speaking, AMD stock has risen by nearly 15-fold over the past three years. It won't rise another 15-fold over the next three years.Instead, fundamentals imply that AMD stock has just about 50% upside to $40 over the next three years. That's still good upside. But, it's not huge upside. As such, investors should expect more tempered gains going forward for AMD stock. The Market Share Expansion Narrative Is Losing MomentumOver the past three years, AMD's ability to rapidly expand its market share in the semiconductor market has led to AMD stock rising by a factor of 15. But, this market share expansion narrative is starting to lose momentum. As it does, the pace of gains in AMD stock will likely slow, too.Intel has long been Goliath in the CPU industry. AMD has long been David. But AMD has innovated with impressive pace over the past several years, while Intel has simultaneously faced multiple production delays. The result? AMD has launched next-gen chips. Intel has not. This has led to AMD gradually and consistently chipping away at Intel's dominance in the CPU market.This is especially true in the all-important data center market. As we all know, the real growth narrative in the semiconductor market is on the data side of things. On that side of the market, Intel is the giant, but AMD is growing much more quickly. Last quarter, AMD's data center GPU sales more than doubled year over year, while Intel's data center sales dropped 6%.These market share gains will continue for AMD. The company still has a first-to-market and supply advantage over Intel. So long as that remains true, AMD's market share will continue to grow.But that advantage won't last forever. Indeed, it is already becoming increasingly narrow. Specifically, after years of delays, Intel is finally ready to start shipping 10nm processors in large volumes. That's big, because it was AMD's ability to get 10nm chips out to market first that allowed AMD to gain market share. With those 10nm processors now ready to ship, Intel expects its CPU supply shortages to start easing in June. In response, vendors like Dell and HP are reportedly planning on stepping up orders with Intel and cutting back on orders with AMD.In other words, the AMD market share expansion narrative will start winding down in June. It should continue to wind down over the subsequent months, as Intel yet again flexes its scale, resource and reach advantages. As that narrative winds down, AMD stock will slow down, too. Fundamentals Pave Path to $40 In 3 YearsIn the big picture, while the AMD market share expansion narrative is winding down, it isn't stopping, either. Instead, this company will continue to leverage strong innovation and a healthy product road map to continue to grow market share in the secular growth data and AI markets over the next several years. Concurrently, profitability levels will improve thanks to increased scale.But, profit growth will ultimately be limited by reinvigorated Intel competition. Revenue growth rates will come down due to a lower pace of market share expansion. Gross margins will likewise face competitive pressures. In numbers, what was 30%-plus revenue growth rates for the better part of the past two years, will turn into 20% and lower growth rates over the next several years, and what was several hundred basis points of margin expansion per year over the past two years, will turn into no more than 100 basis points of expansion per year going forward, and probably less.Overall, into 2025, I think AMD can grow sales at a ~15% annualized pace, while gross margins can expand gradually and the opex rate can fall meaningfully with scale. That combination implies robust profit growth going forward. But not enough to warrant another 15-fold increase in the stock.Under those assumptions, $2.40 in earnings per share is doable for AMD by 2025. Based on a forward price-earnings multiple of 20, which is average for growth stocks, that equates to a fiscal 2024 price target for Advanced Micro Devices stock of $48. Discounted back by 10% per year, that results in a fiscal 2022 price target for AMD of about $40.Thus, AMD stock has a very realistic and fundamentally supported opportunity to rally another 50% over the next three years. Bottom Line on AMD StockAMD stock has staged a huge rally over the past three years. That big rally won't be replicated over the next three years, mostly because the company's market share expansion narrative is winding down and the valuation is much more rich than it was a few years back. * 7 Stocks to Buy that Lost 10% Last Week But the rally in AMD stock won't die. Instead, gains going forward will be more tempered than they have been. In the long run, this stock can hit $40. But, it will take a few years to get there.As of this writing, Luke Lango was long INTC. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post How Much Higher Will AMD Stock Go in the Long Run? appeared first on InvestorPlace.
Worldwide semiconductor revenue is expected to fall 7.2% in 2019 after three straight years of growth, as the industry grapples with slowing smartphone sales and weak demand in China, research firm International Data Corporation (IDC) said on Wednesday. "The current market downturn is being driven by a broad weakness in demand specifically centered in China and an ingestion of excess inventories in some of the major markets including automotive, mobile phones, and cloud infrastructure," Mario Morales, program vice president of Semiconductors at IDC said in a statement. IDC's Semiconductor Applications Forecaster said revenue from the industry will, however, recover in 2020 and register a compound annual growth rate of 2% between 2018 and 2023, reaching $524 billion in 2023.
International Data Corp. said Wednesday that semiconductor sales are expected to suffer a sharp downturn in 2019 after growth in three consecutive years. The analysis firm said that chip sales are now expected to decline 7.2% this year, to $440 billion from $474 billion, after growing 13.2% in 2018. Much of the downturn is attributed to memory chips, which were bought in large amounts in 2018 due to short supply at the end of 2017, and are now being digested by the companies that bought them, hurting memory suppliers such as Micron Technology Inc. and Samsung Electronics Co. Ltd. Non-memory semiconductors are expected to grow sales by 1% in 2019, IDC said. Major chip companies have predicted that the current downturn will end in the second half of 2019, and IDC predicts that the bottom will likely occur by the end of the third quarter and sales will bounce back in 2020 and beyond.
NVIDIA Corporation (NASDAQ: NVDA ) is the last of the major chipmakers to report its quarterly results this earnings season. Following Intel Corporation (NASDAQ: INTC )'s recent guidance update that didn't ...
Mitch Steves, RBC, on Nvidia earnings and the semi showdown. With CNBC's Seema Mody and Melissa Lee, and the Fast Money traders, Pete Najarian, Tim Seymour, Dan Nathan and Guy Adami.
President Trump signed an executive order that effectively blacklists Chinese telecom giant Huawei. CNBC's Eamon Javers reports from Washington.
President Donald Trump signed an executive order that gives the government the authority to block transactions that involve information or communications technology that "pose an unacceptable risk to the national security." CNBC's Kayla Tausche reports from Washington on the latest details of how this development is affecting the standoff with China about a trade agreement.
Semiconductors are lagging the Nasdaq Composite today, but still solidly in the green. Yahoo Finance's Jared Blikre joins Myles Udland to break down the action in the chipmaker space, as President Trump partially walks back a tougher trade stance.