|Bid||36.70 x 1600|
|Ask||36.86 x 100|
|Day's Range||36.65 - 37.29|
|52 Week Range||33.23 - 38.45|
|PE Ratio (TTM)||14.15|
|Dividend & Yield||1.09 (2.95%)|
|1y Target Est||N/A|
Alphabet's Waymo subsidiary has been laser-focused on driverless cars for years -- and they've been quietly powered by Intel all along.
Rosenblatt Securities chip analyst Hans Mosesmann this evening published a note to clients regarding the report this afternoon from CNBC stating that Tesla Motors (TSLA) is using technology from Advanced Micro Devices (AMD) to make a special “A.I.” chip for self-driving, which Mosesmann views as a “game changer." AMD shares closed up 62 cents, or almost 5%, at $13.74, following CNBC's headline, and are up another 87 cents, over 6%, at $14.62, in late trading. Mosesmann, who’s a Buy rating on AMD shares, and a $22 price target, and who also rates Nvidia (NVDA) a Buy, doesn’t discuss Nvidia in the note. Instead, he focuses on how this is a validation of AMD's chips, and a slap in the face — or double-slap — for Intel (INTC), whose shares Mosesmann rates Sell, which just bought Tesla’s former chip supplier, Mobileye (MBLY): Interestingly, Tesla’s head of AI, Jim Keller, is an ex-AMD CPU ar- chitect having designed Zen (used in Ryzen and EPYC), and has surrounded himself at Tesla with several key AMD players, which may have been the initial reason Tesla is aligning themselves with AMD.
Technology experts from Google Inc., Microsoft Corp. (MSFT), Arizona State University and Intel Corp. (INTC) will join more than 20 speakers Saturday for the 6th annual Phoenix Mobile and Emerging Tech Festival. The free event is billed as the biggest mobile conference in the Phoenix metro area for mobile enthusiasts, developers, designers and entrepreneurs. This year’s focus will be on virtual reality, augmented reality, artificial intelligence, machine learning and autonomous cars, said Anjali Nennelli, the festival founder.