|Bid||34.46 x 4600|
|Ask||34.47 x 9500|
|Day's Range||34.42 - 34.80|
|52 Week Range||33.23 - 38.45|
|PE Ratio (TTM)||14.90|
|Dividend & Yield||1.09 (3.14%)|
|1y Target Est||N/A|
On Lisa Lu’s first earnings call as CEO of Advanced Micro Devices, Inc. (NASDAQ:AMD), back when AMD stock was languishing at less than $3 per share, she set forth a compelling strategy. At the time, Wall Street believed the company couldn’t take on bigger industry rivals including Intel Corporation (NASDAQ:INTC) and Nvidia Corporation (NASDAQ:NVDA).
Intel could be about to launch three six-core processors for its mainstream Z270 platform to do battle with AMD's Ryzen
Canaccord Genuity’s Matthew Ramsay today reiterates a Buy rating on shares of Nvidia (NVDA), and hikes his price target to $180 from $155, after concluding the company should be to survive competition from in-house chips built by Alphabet’s (GOOGL) Google unit and others. Ramsay actually issued two notes to clients, one on Nvidia specifically, and another one that describes a conversation he hosted with investors about that company, and also about Intel (INTC), which he rates a Hold, and AMD (AMD), which he also rates a Buy. In those conversations, Ramsay was surprised by how much some investors are concerned that “custom” chips like Google’s “TPU” may threaten the GPU approach of Nvidia: Given NVDA shares were touching all-time highs during our lunch, we were surprised the sentiment in the room was quite skeptical as to whether in-house ASICs designed by cloud service providers (and potentially other vendors) would quickly take share from NVIDIA solutions in datacenter deep learning, AI model training and other applications.