|Bid||37.00 x 1000|
|Ask||37.29 x 1300|
|Day's Range||36.65 - 37.29|
|52 Week Range||33.23 - 38.45|
|PE Ratio (TTM)||14.15|
|Dividend & Yield||1.09 (2.93%)|
|1y Target Est||N/A|
Next Tech Wave: Stocks leading the next boom won't be the FAANGS
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.