|Day's Range||0.6800 - 0.7500|
Chipmaker Nvidia is at the forefront of AI and machine learning, but earnings and share prices have dived. Here is what fundamental and technical analysis say about buying Nvidia stock now.
Intel stock (INTC) has returned 0.2% over the past month, outperforming the US semiconductor industry, and it could surge after earnings. Here's why.
Four Bay Area companies disclosed more than $250 million in funding at midweek and another one set price targets for a planned upcoming IPO.
Intel (INTC) to gain robust edge computing capabilities with the acquisition of Smart Edge platform business from Pivot Technology Solutions.
The Zacks Analyst Blog Highlights: Intel, Oracle, Novo Nordisk, ConocoPhillips and Advanced Micro Devices
(Bloomberg) -- Broadcom Inc. was ordered to drop allegedly unfair clauses that may compel set-top box makers to use its chips, as European Union antitrust chief Margrethe Vestager deployed a rarely used weapon meant to prevent victims from suffering while probes drag on for years.Broadcom must end "anti-competitive provisions" in contracts within 30 days while the EU continues an investigation into allegations that the U.S. supplier forces six of its main customers to buy its chipsets. While the order announced on Wednesday is set to remain in force for three years or until the EU finishes its probe, Broadcom says it will ask an EU court to overturn it."The evidence that we have gathered from Broadcom’s behavior is likely to have severe negative effects on competitors before we could reach a final decision,” Vestager told reporters in Brussels. She said the so-called interim measures tool is "now on the table" and "if we find cases where interim measures would actually be the thing to do to prevent irreparable harm to competition then obviously we stand willing to use it."The EU hasn’t used interim measures in nearly two decades. The Broadcom move comes after criticism that EU probes into Google and Intel Corp. -- where the tool wasn’t used -- took so long that victims of unfair practices were thwarted by the time fines were levied.Court Fight"We intend to appeal the commission’s decision to the European courts and in the meantime comply with the commission’s order,” Broadcom said, adding that it doesn’t believe the contested provisions “have a meaningful effect on whether the customers choose to purchase Broadcom products."Officials said swift action was necessary because Broadcom’s conduct was likely to affect several upcoming tenders by telecoms providers and the introduction of the WI-Fi 6 standard for models and TV set-top boxes.Broadcom, based in San Jose, California, has also been targeted by U.S. antitrust scrutiny of WI-Fi and switch-chip markets, a probe covering the vast majority of its chip business. Broadcom has described that investigation as immaterial.The EU’s order would be "a landmark moment" for antitrust enforcement, especially if it’s backed by the bloc’s courts, France’s antitrust chief Isabelle de Silva said at a Paris event last week. The EU’s last attempt to use interim measures was halted by a court order in 2001. The regulator had required IMS Health to license data-collecting tools in Germany. The company later partly won a legal challenge that allowed it restrict some licenses.Arris International Plc was among the Broadcom customers to receive a questionnaire from the EU on chips in hardware used by the cable and satellite industry to provide television and internet to consumers, Bloomberg reported in October.(Updates with Broadcom statement in fifth paragraph.)To contact the reporter on this story: Aoife White in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Aarons at email@example.com, Peter Chapman, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Huawei Technologies Co.’s revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.China’s largest technology company reported revenue of 610.8 billion yuan ($86.1 billion) in the January to September period. Global smartphone shipments jumped 26% in the first three quarters to over 185 million units, helping safeguard its position as the world’s second largest name in mobile devices.China’s largest technology company managed to grow revenue despite curbs on the export of crucial American software and components, which executives had warned for months would severely crimp both its networking and smartphone businesses. Huawei has said it expects U.S. export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, in part because Google can no longer supply Android updates and apps from Gmail to Maps for the Chinese company’s newest handsets.The company’s reported results -- which were unaudited -- suggest that those restrictions have yet to severely impair the business. Huawei, accused by Donald Trump’s administration of aiding Beijing in spying while spearheading China’s tech-superpower ambitions, is trying to claw back business and shore up trust in its products.Billionaire founder Ren Zhengfei has warned his tech empire faces a “live or die moment,” and mobilized thousands of staff to work around the clock devising alternatives to American technology. Some American giants, including Intel Corp. and Micron Technologies Inc., have said they’re found ways to resume supplying Huawei, a major boost for the Chinese company.Huawei Sales Growth Slumps as U.S. Sanctions Start to BiteIts phone shipments in 2019 suggest its lead in the Chinese market, the world’s largest, is offsetting weak sales abroad. Huawei shipped more than 206 million smartphones in 2018, according to research firm IDC. The company is betting on its home turf and upcoming holiday season to drive its smartphone sales for the rest of the year. It aims to take half of the smartphone market in China, Bloomberg News reported earlier.There are signs also that U.S. efforts to block Huawei from the development of 5G technology are flagging: Huawei said Wednesday it has signed more than 60 5G commercial contracts to date worldwide. A senior executive in India for the company said the government there had given “no negative feedback” on Huawei, while in Germany, one of the biggest European markets, the Merkel administration said Huawei’s equipment will not be excluded in future 5G procurement. Huawei’s biggest bet, however, remains in China, where state-owned carriers are ready to build their own 5G networks.It remains unclear whether prolonged sanctions will eventually rob Huawei of growth, something Ren himself has warned may happen. Huawei remains at the heart of U.S. tensions with China, a symbol of the Asian country’s rising technological might.Critics charge that intellectual property theft from the likes of Cisco Systems Inc. and Motorola Solutions Inc. helped Huawei vault into the upper echelons of telecommunications providers, though Ren and his executives credit years of investment and research. The wireless giant is now accelerating spending on artificial intelligence chips and mobile software. It’s mobilizing its employees to source or develop alternatives to American circuitry and software to keep its edge in smartphones and next-generation 5G wireless technology.To contact Bloomberg News staff for this story: Gao Yuan in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Colum Murphy, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The company came under scrutiny as part of a program to ensure federal contractors are not discriminating against protected employees.
The Labor Department says it has reached a $5 million settlement with chip maker Intel Corp. over allegations of pay discrimination against its female, African American and Hispanic employees.
Customer Relationship Management (CRM) is universally adopted, we’re seeing increased use of Net Promoter Scores in B2B sales and the opportunities for analytics are seemingly endless. Social networking has also had an impact on the industry. In addition to Social Selling, via LinkedIn and Twitter for example, social networks give everyone a voice and make information more accessible.
Chipmaker Intel Corp. is buying a software business from Canadian IT service provider Pivot Technology Solutions in a bid to boost its own 5G offerings. Intel is paying $27 million for Pivot’s Smart Edge software. Under the deal, 25 employees, including Smart Edge’s CEO Bob Pike, will join Intel.
Advanced Micro Devices (NASDAQ:AMD) is expected to report Q3 earnings on Oct. 23. And it looks as though at least some investors are betting on a better than expected showing from the company. After a slump that saw AMD stock lose 17% since early August, it popped 4.8% on Friday, and closed at $30.53 for another 2.6% gain on Monday. Given its underwhelming guidance for Q3 revenue, what's with the sudden optimism about Advanced Micro Devices stock?Source: Sundry Photography / Shutterstock.com Two factors are at play here: laptops and China. China Trade Deal Announcement Good News for AMD Stock PriceAs InvestorPlace's Luke Longo points out, the Chinese market is an important one for Advanced Micro Devices. China accounts for roughly 30% of AMD's revenue, and the company had been growing that business at a brisk pace -- at least until the trade war broke out between the U.S. and China. Tensions between the two countries which erupted into spats of tariffs have hit many stocks this year, and AMD has not been immune from that effect.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Friday, President Trump announced the U.S. had reached a "very substantial phase one deal" with China. The agreement is aimed at easing trade tensions between the two countries. While finalizing the deal was expected to take an additional three-to-five weeks, in the meantime, the U.S. agreed to delay the additional 25% to 30% increase in tariffs scheduled to to go into effect this week. * 10 Hot Stocks Staging Huge Reversals News of the progress in negotiations between the two countries was a boost to the markets in general -- the Nasdaq Composite got a 1.3% bump on Friday -- but tech stocks with large exposure to the Chinese market performed particularly well. As such, AMD stock was up 4.8%, while graphics chip rival Nvidia (NASDAQ:NVDA) was up 1.6% on the day. AMD's Makes Progress in Laptop MarketAMD has been making impressive gains against Intel (NASDAQ:INTC) in the laptop market. In Q2, Advanced Micro Devices grew its market share from 8.8% in 2018 to 14.1%, outpacing its growth in the desktop PC market. Considering that laptops outsell desktops by a wide margin (162.3 million to 94.4 million in 2018), this is good news for AMD stock. Adding to its momentum, at Microsoft's (NASDAQ:MSFT) big Surface event, it was revealed that the new high performance 15-inch Surface Laptop 3 is powered by a customized AMD Ryzen chip instead of an Intel Core processor. Following that announcement, China's Xiaomi revealed its newest RedmiBook ultra-portable laptop will ditch Intel processors in favor of an AMD Ryzen mobile chip. When it comes to laptops, AMD is on a roll. Takeaway for AMD StockThe trade deal with China would be a significant boost for Advanced Micro Devices, but the papers have yet to actually be signed. By Monday, doubts were being raised about whether that will happen. The laptop wins have been big for AMD, but Intel's new 10th gen Core mobile processors are starting to show up in laptops and that could slow AMD's growth. In the meantime, AMD's Q3 earnings are fast approaching and the company's guidance of $1.8 billion in revenue was well below the $1.95 billion analysts were looking for.If everything goes right for AMD, the recovery for Advanced Micro Devices stock could gain steam. However, there are still too many variables that could send it in the opposite direction. Analysts are a little more bullish on AMD stock than they were several months ago, but the majority still rate it as a "Hold." And with an average 12-month target price of $32.95, there's not a ton of upside.If you are considering an AMD investment, either buy now in anticipation of the China deal being inked and better than expected Q3 earnings … or wait a few weeks with the assumption that the current AMD recovery will stumble. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Staging Huge Reversals * 7 Under-The-Radar Growth Stocks That Could Benefit New Investors * 5 Excellent High-Yield Dividend Stocks to Buy The post Advanced Micro Devices Stock Pops for Second Straight Day appeared first on InvestorPlace.
Shares of Intel (NASDAQ:INTC) have been struggling since disappointing investors in April. However, INTC stock has been clawing its way higher -- albeit in a slow but sure manner.Source: JHVEPhoto / Shutterstock.com That brings us to a key question: Is now the time to get long INTC or should investors take a pass? The charts are setting up for a potential breakout as we head into the fourth-quarter earnings season. But even more so than Intel stock's individual setup, the semiconductor space is starting to trade much better too. InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's start with the charts. Trading INTC StockGlancing up at the daily chart above and a few things are immediately evident. First, the gap-down action from April left a gaping hole between $52 and $57. Next, shares continue to put in a series of higher lows, a bullish technical signal highlighted by the blue line and purple arrows on the chart. Finally, resistance comes into play near $53. INTC stock is holding up over all of its major moving averages as well. * 10 Hot Stocks Staging Huge Reversals Those are the more obvious takeaways. But upon further inspection, we notice a few more nuances. As shares continue to trend higher and get rejected by resistance, INTC is setting up in what's known as an ascending triangle. That's a bullish technical pattern that has traders looking for a breakout higher. Further, you'll notice that $53 resistance also happens to be the 61.8% retracement. Based on these observations, we're looking for one of two things: A breakout over $53, or a breakdown below trend or below the recent low. A breakout over $53 and the 61.8% retracement could send INTC stock up to the 78.6% retracement near $56. Above that and the gap-fill up to $57 could be in the cards, with the current high at $59 being the next upside target. On a pullback, it would be discouraging to see the 50-day and 200-day moving averages at $49.37 and $49.07, respectively, fail to support Intel stock. Below the recent low of $48.53 and uptrend support near $47 is on the table. Valuing Intel StockUnlike the bullish-looking charts, Intel does not have a very attractive growth profile. In fact, management's multi-year outlook in May is what hit the stock so hard to begin with. As such, analysts expect revenue to fall 2.1% this year to $69.37 billion. It leaves INTC stock trading at 3.3 times this year's revenue. In 2020, estimates call for growth of 2.3%. Ultimately, estimates for 2020 are barely above Intel's 2018 sales figure ($70.9 billion vs. $70.85 billion). On the earnings front, estimates call for a 4.3% decline this year to $4.39 per share, before a rebound of just 1.4% in 2020. Based on this year's estimates, Intel stock trades at less than 12 times earnings. That's attractive to many investors, as is its dividend yield of 2.5%. That said, Intel's growth is somewhat dismal given that the economy is doing well and technology continues to evolve at a rapid pace. While some of its competition is getting hit harder on growth this year, estimates call for a much more dramatic rebound next year. As it stands, Intel is looking at almost flat growth over a multi-year period. Bottom LineChasing Intel stock is tough here. Semis are making a potential comeback and that's good for INTC stock. But there are other more attractive players in the space. Nvidia (NASDAQ:NVDA) has far better growth prospects for calendar year 2020, while Advanced Micro Devices (NASDAQ:AMD) has superior revenue and earnings growth compared to both stocks. Admittedly, Intel stock has the best dividend and lowest valuation, but investors have seen a lot of volatility despite those attributes. Over $53 and INTC is attractive to me on the long side. But as it stands, AMD and NVDA are more enticing. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Staging Huge Reversals * 7 Under-The-Radar Growth Stocks That Could Benefit New Investors * 5 Excellent High-Yield Dividend Stocks to Buy The post Do the Charts Point to a Breakout for Intel Stock?Â appeared first on InvestorPlace.
Intel Corp has agreed to purchase a software business from Toronto-based Pivot Technology Solutions Inc for $27 million, the U.S. chipmaker said on Tuesday. Intel said it would buy Smart Edge, a software that helps split up data and store it closer to users to make computing devices respond faster. The software is designed to run on Intel's chips, which are best known as the heart of most personal computers but which the company is aiming to sell into equipment for 5G, the next generation of wireless data networks that is being rolled out starting this year.
Intel (NASDAQ:INTC) has continued to struggle as competitors it once dominated continue to build competitive leads on the venerable chip company. It seemed to lose its way as it struggled for direction following the decline in the PC. Still, like these peers in previous years, a coming shift in technology may return Intel, and by extension, INTC stock, back to prominence.Source: JHVEPhoto / Shutterstock.com Intel's latest attempt to make a comeback revolves around an effort to get back into graphics processing units (GPUs). The company had conceded this segment of the market to Nvidia (NASDAQ:NVDA) after dabbling in the graphics card market 20 years ago. However, artificial intelligence (AI), virtual reality, the Internet of Things (IoT), and other tech innovations have significantly increased the importance of GPUs.Consequently, Intel has also announced that it will introduce its Xe graphics card in 2020. The tech firm has also begun to phase out its partnership with Advanced Micro Devices (NASDAQ:AMD) on the Kaby Lake-G mobile CPUs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel Stock Lacks a CatalystWhether this will become a catalyst for INTC remains unclear. Other PC-era stocks, such as Nvidia, AMD, and Microsoft (NASDAQ:MSFT) successfully redefined themselves. However, INTC remains out of favor with investors. * 7 Tech Stocks You Should Avoid Now While its closest peers have attracted premium price-earnings ratios in recent years, INTC stock trades at a forward PE ratio of 11.7. This happened for understandable reasons. The company allowed itself to fall behind AMD in the CPU market. Moreover, scandals in the C-suite, as well as mixed successes in moving beyond the PC market, have placed further pressure on Intel stock.It has now traded in a range for almost two years. INTC stock sells close to the high end of its range now. Still, with earnings projected to fall by 4.1% this year and grow by only 1.1% in fiscal 2020, Intel seems to lack a catalyst. From this point of view, INTC appears fairly valued. Investors Should Consider the FutureHowever, the price also implies that the company has rested on its laurels. The company's initiatives seem to indicate otherwise. Some of my colleagues also make a great point about the long-term case for INTC.Ian Bezek says, "it is doing better than you probably realize." Todd Shriber calls the profit potential "considerable" if Intel can boost its AI presence. If the company can capitalize on this potential, they think Intel stock will move much higher, and I agree.The move into GPUs may or may not succeed. However, the company still has an ace in the hole -- 5G. I stated in my previous article that "network cloudification could again bring servers powered by Intel chips to the forefront."Smartphone manufacturers have begun to make devices with Qualcomm's (NASDAQ:QCOM) 5G-compatible chips. This means the switch to 5G is now in its early stages. Once consumers and businesses begin to see the benefits of 5G first-hand, the benefits could finally accrue to INTC itself. Intel's self-driving vehicle unit Mobileye stands as one of these likely beneficiaries.Analysts have begun to price this possibility into earnings forecasts. Although earnings growth appears stagnant through next year, Wall Street projects average annual profit increases of 7.33% per year for the next five years. If Intel can return to double-digit profit growth, INTC stock could see the same type of multiple expansion that has benefitted its PC-era peers in recent years. That promise alone could make a position in INTC worthwhile. The Bottom Line on INTCDespite a move into GPUs, the return of Intel to prominence likely hinges on 5G. Given the paltry earnings growth forecasted for the company in the near term, Intel stock appears fairly valued at 11.7-times forward earnings.However, analysts forecast longer-term growth to move higher in future years. The adoption of 5G by itself looks poised to propel Intel higher. 5G will also drive the AI, VR, and other applications that will further benefit Intel.The 5G-driven technological shift that analysts have talked about for years has now begun. This could benefit INTC, so investors should consider buying sooner rather than later.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post The Future Success of INTC Hinges on Converting Its Innovations appeared first on InvestorPlace.
TORONTO , Oct. 15, 2019 /CNW/ - Pivot Technology Solutions, Inc. (PTG.TO), ("Pivot", or the "Company"), a full-service information technology provider, is pleased to announce that it has entered into a definitive agreement to sell its Smart EdgeTM software business to Intel Corporation (INTC), ("Intel") for total consideration of $27 million USD , payable in cash. Pivot's dedicated Smart Edge employees, including Smart Edge CEO Bob Pike , will join Intel's Network and Custom Logic Group (NCLG) when the transaction closes.
The panel discussion, which featured an Intel engineer and data scientist, was part of the first Black Women in STEM summit held last week in Portland.
Associate Stock Strategist Ben Rains dives into some of the latest U.S.-China trade war updates, including President Trump's optimism. We then look at three large-cap technology stocks to consider buying during Q3 earnings season. - Full-Court Finance