|Day's Range||4.55 - 5.08|
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.
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.
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
It's amazing just how fast fortunes can change in the technology sector. That's something shareholders in Advanced Micro Devices (NASDAQ:AMD) stock know all too well. Once the proverbial whipping boy of the semiconductor sector, AMD has bounced back in a big way.Source: flowgraph / Shutterstock.com Thanks to advances across a variety of product lines, AMD has gotten its mojo back. Sales are rising, while shares of AMD stock have surged more than 900% since its all-time lows reached a few years ago. And now it seems that it's chief rivals are starting to run scared. * 7 Beverage Stocks to Buy Now Intel (NASDAQ:INTC) is being forced to dramatically cut prices for its chipsets in order to compete with AMD and its more advanced products. INTC seeing declining market share and such an aggressive pricing policy underscores that Advanced Micro Devices' strategy is working. That should put a huge smile on AMD stock investors' faces.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the end, AMD could finally gain the crown after so many years as the underdog. AMD Has the GoodsWe've talked about it before, but AMD can't be considered a distant second fiddle to Intel any longer. The key for the semiconductor leader comes down to innovation. During the dotcom boom, AMD's chips were often seen as the cheap alternative to Intel's products. Sure, they did the job and cost less, but if you needed real computing power or needed to run a server, you went with INTC's semis.However, over the last couple of years that started to change. Thanks to advances across its entire semiconductor line-up, AMD's chipsets have started to perform better than Intel's in a variety of ways. Its third-generation Ryzen chips for PC are simply a monster when it comes to computing power. The chips can come with an amazing 12 cores, while a 16-core chip is being launched before the end of the year.Meanwhile, it has been able to apply this innovation across a few other avenues as well. AMD's EPYC server chips express similar high speeds of processing capacity, while its advanced graphics processing unit (GPU) has found a place in the cloud. Thanks to their rapid speed at processing information, GPUs have quickly become the go-to chips in many data centers that power A.I., healthcare, science, and engineering applications.As if the computing power wasn't enough, Advanced Micro Devices semiconductors are kicking Chipzilla's butt in another way. That comes down to pricing. Since AMD has long been the cheaper option for CPUs, the firm has kept its prices low. With better performance metrics and cheaper prices, the firm started to see it's market share climb significantly.Industry group Mercury Research's latest report highlights just how powerful AMD has become. According to Mercury's numbers from the second-quarter 2019, Advanced Micro Devices held 17.1% of the CPU market. That's up from just 12.3% a year ago. The same could be said for servers- with AMD seeing its market share just from less-than-1% to nearly 3% of the sector. Advanced Micro Devices Has INTC ScaredFor INTC, this slippage in market share hasn't gone unnoticed. As we said, Intel has long been able to charge premium prices for its premium chips. But with AMD now catching-up and surpassing its own offerings, Intel has been forced to do something it hasn't done in a very long time and that's cut prices.Last week, Intel announced a new group of X-series chips that promise similar computing power to many of AMD's Ryzen products. The kicker was that prices for these chips were significantly lower than before. For example, back in 2017, INTC was able to charge $1,199 for its 12-core processor chip. Now it's less than $700. Its most advanced chip in the line-up has had its price cut more than half.However, that not enough and Intel is still worried about losing more market share to AMD. In a leaked internal slide show dubbed "AMD Competitive Profile," INTC estimates that it has to cough up an additional $3 billion worth of discounts and other incentives for its Core and Xeon processor line-ups in order to keep the fight vs. AMD going.Even despite its size, $3 billion is no small chunk of change. And the pricing pressures will erode INTC's currently lofty margins. Moreover, any decreases in market share will result in fewer sales overall. That's not a good situation for Chipzilla. But it does show that AMD is starting to seriously beat Intel on a number of fronts. AMD Stock Could Be the Big BuyWith INTC being forced to cut prices, it underscores just how dramatic Advanced Micro Devices' turnaround has been. It also shows its working in a big way. The best part is that there's still plenty of market share to be had. Thanks to backward compatibility and a new chip launch under its Threadripper brand -- which will push the core count even higher -- AMD has plenty of runway left in its accession. And we haven't even talked about how its forcing NVIDIA (NASDAQ:NVDA) to do the same song and dance in the GPU market.In the end, Advanced Micro Devices is no longer the semiconductor whipping boy. Its products are winning over users and that's making big tech scared. That's wonderful news for AMD stock investors.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. 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 AMD Stock Is Finally Beating Intel appeared first on InvestorPlace.
Xilinx shares are climbing Monday after Nomura Instinet analyst David Wong raised his rating on the chip maker to Buy from Neutral, keeping his price target of $115.
Throughout 2019, the Technology sector has been flying high as the top performing sector. Heading into Q4, Technology companies and investors alike have begun to show concerns over the macro environment, and that’s arguably starting to show up in the sector’s performance. Plus, they’re paying close attention to the US-China trade front where the market tends to swing on emotions day to day, with one headline bringing us up and another taking us down.
Intel (NASDAQ:INTC) stock has had a tough time in 2019. While shares are up for the year, the stock has under performed its semiconductor peers. With the company losing CPU market share to Advanced Micro Devices (NASDAQ:AMD), it's no wonder investors have left INTC in the dust. In addition, the macroeconomic environment has not been friendly to INTC stock. Or to the chip space in general.Source: JHVEPhoto / Shutterstock.com While resumed trade talks have already resulted in "progress", investors remain skittish whether the U.S.-China trade fracas will lead to further headwinds for the chip space.But looking beyond these variables, Intel remains a solid stock to own. Selling at a low valuation, it offers value in a space dominated by speculative growth names. It pays a solid dividend, and has the cash flow to support it. While you may not see big gains from Intel, it may be a great blue chip opportunity. Let's take a closer look at Intel, and see why the stock may be a buy at today's price.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel vs. AMDI believe the CPU wars are the most important factor when assessing Intel stock. While the trade war is a big risk, long-term AMD's purported recriminating of CPU market share threatens INTC's economic moat. Intel's dominant market share has given it pricing power and other advantages to ensure the stock remains a cash cow. But with AMD eating more of Intel's lunch, it seems that this gravy train could soon be over. * 7 Semiconductor Stocks to Buy Now But what is the truth behind the hype?It's no joke that AMD's Ryzen processors have been a game-changer. The success of this chip line has helped AMD seize more of Intel's CPU market share since 2017. AMD now has a staggering 30% market share of the CPU market. If this trend continues, AMD could reach market share it hasn't seen since the mid-2000s, when it had over 40% CPU market share.However, could this be but a short-term blip? Intel's market share losses are the result of their chip shortage. Their inability to adapt to 14-nanometre sized processor lead to supply issues. End-users simply switched from Intel to AMD.Perhaps AMD's market-share grab will taper off in the next few quarters. InvestorPlace's Ian Bezek believes so. In his Oct. 9 article, he pointed out how while AMD's market share has grown materially, it cooled off in the last quarter. However, as an aside, Bezek pointed out how Microsoft (NASDAQ:MSFT) partnering with Qualcomm (NASDAQ:QCOM) for chips in their Surface tablets highlights market share risk. Mobile chips have not been successful in the past when used in tablets. But with improvements in technology, mobile chip makers like Qualcomm now offer a compelling alternative to Intel's x86 CPUs. Despite Headwinds, INTC Stock Is UndervaluedIntel stock trades at a low valuation relative to most of its peers. INTC trades at a forward price-to-earnings (P/E) ratio of 11.6. The stock's enterprise-value-to-EBITDA (EV/EBITDA) ratio is 7.7. Here are the respective valuations of INTC's key competitors:AMD: Forward P/E of 27.8, EV/EBITDA of 64.7Broadcom (NASDAQ:AVGO): Forward P/E of 12, EV/EBITDA of 14Qualcomm: Forward P/E of 18.3, EV/EBITDA of 8.4Nvidia (NASDAQ:NVDA): Forward P/E of 26, EV/EBITDA of 40Texas Instruments (NASDAQ:TXN): Forward P/E of 5.9, EV/EBITDA of 3.1One thing to keep in mind is Intel's lack of long-term revenue growth. Analyst consensus estimates revenue will only grow from $69.4 billion in 2019 to $70.9 billion in 2020. Clearly, INTC stock is no growth play. But Intel stock more than makes up for in terms of return of capital to shareholders.INTC stock currently pays a 2.42% yield. While not the highest yielding blue-chip, it is otherwise a solid dividend. With a payout ratio of just 35.92%, there's plenty of room to grow this in coming years. The average 5-year growth rate for the dividend has been 5.92%. * 10 Tech Stocks to Buy Now for 2025 Along with dividends, Intel has bought back a lot of stock. For the first half of 2019, they repurchased $5.6 billion worth of shares alone. These buybacks are accretive to Intel shareholders, as they improve earnings-per-share over the long-term. Bottom Line: Intel Is a Solid Long-Term InvestmentThere's not much of a "play" with INTC stock. The company's main appeal is their cash-generating status and relatively low valuation. Key risks like competition and China may already be priced into shares. But if both of these issues accelerate, it does threaten the bull case for Intel stock.So what's the call? Are you looking for a solid dividend payer? Consider Intel stock. Are you looking for a contrarian chip play? Perhaps look elsewhere. Whether or not INTC maintains its moat, it is unlikely the company will see monumental revenue growth. Other chip names may offer this proposition.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. 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 Why Intel Stock Will Weather the Trade War Storm appeared first on InvestorPlace.
Advanced Micro Devices (NASDAQ:AMD) is expected to make their third-quarter earnings announcement on October 23, 2019. The chipmaker has been in the news for many reasons. Some of those reasons have been good and some not so good. And this good news, bad news dynamic shows up in the AMD stock price.Source: JHVEPhoto / Shutterstock.com The company's stock price is up for the year, but down significantly from its earlier highs. With conflicting information about its future direction, I expect investors to wait for the earnings announcement before making firm decisions on AMD stock. Advanced Micro Is Gaining Market Share with Several New DealsFirst, there is news that supports an increase in Advanced Micro Devices stock. In August, AMD announced that Microsoft (NASDAQ:MSFT) would be using the company's 15-inch processor in one of the latest versions of its Surface laptops. This isn't a move that analysts expect to generate significant revenue for AMD immediately. However it is the first step that Microsoft has taken away from Intel (NASDAQ:INTC).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis followed on the heels of another major announcement from AMD in August. This is when the company announced that Alphabet (NASDAQ:GOOGL) and Twitter (NYSE:TWTR) would be using their second-generation EPYC chip in their data centers. This was another market share win over Intel. AMD Could Be a Victim of Apple's SuccessHowever, there are also reasons for investors to proceed with caution. One reason comes from Apple (NASDAQ:AAPL). Apple is experiencing better-than-expected sales of their new iPhones. Some analysts (and writers like me) thought customers would hold off because of the 5G lineup coming next year. However, Apple has told suppliers to boost production for all three phones by 10%. * 10 Super Boring Stocks to Buy With Super Safe Returns This is significant because, unlike Intel, AMD does not produce its own chips. However, AMD is enjoying a competitive edge over Intel by using 7-nanometer cores in its third-generation Ryzen (Zen 2) processor. Intel is not planning to release its own 7-nanometer chip until 2021.Because of this, PC makers have been turning to AMD for their business. However, if Apple needs 7-nanometer chips to accommodate demand for their new iPhone, then it's likely that AMD will experience delays that could give Intel time to catch up. Short Interest Is Predicting a Decline in the AMD Stock PriceFor the second time in two months, AMD stock is seeing a sharp increase in short interest. In fact, short interest for AMD is now at its highest point in 14 months. This would support the argument that institutional investors believe AMD shares are heading lower as the calendar year comes to an end.In the final two weeks of September, Bill Maurer, an analyst and contributor for Seeking Alpha, observed a rise in short interest of 26.5 million shares. This was the largest such jump for AMD stock since July 2015. Don't Expect Much Help from a Trade DealA potential piece of good news for AMD stock would come from a resolution of the U.S.-China trade war. Late last week, the U.S. and China were involved in high-level negotiations, which eventually led to a temporary truce.However, the consensus from the beginning is that a trade deal will provide a lift if the two superpowers can agree on the thorny issues surrounding intellectual property and Huawei. Trade restrictions have made U.S. chip suppliers unreliable for Chinese companies. A trade deal will only help that if these issues are part of a permanent deal, which seems unlikely. What Is the Market Expecting from AMD Stock?The market is projecting single-digit revenue growth for the year. While that may not sound impressive, you have to consider the context. AMD reported a significant decline in revenue during the first half of the year. Therefore, analysts are projecting Q4 revenue growth of 51% and 25% year-over-year revenue growth in 2020.Will AMD be able to live up to such elevated expectations? We'll start to find out when they release their Q3 earnings. Until then, I expect Advanced Micro Devices stock to stay in a fairly tight range.As of this writing, Chris Markoch did not have a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post AMD Stock Is Telling Two Different Stories appeared first on InvestorPlace.
Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it's hiring more workers, considering an expansion, and picking and choosing orders. Lee is the founder and CEO of Hotayi, whose two factories manufacture and assemble circuit boards and other electronics products.
Though CPU shortages are still an issue for the PC industry, an uptick in business PC demand is helping out a number of firms.
Recent reports hint that Apple could release its iPhone 5G modem by 2022. Today, Apple stock hit a high of $233.81, with a market cap of $1.054 trillion.
Today, Lisa Su completed five years as the CEO of AMD. In these five years, she's brought it back from near bankruptcy and made it into a worthy competitor.
In the battle for domination in the graphics niche, the prominent players are Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD), Micron (NASDAQ:MU) and Nvidia (NASDAQ:NVDA). Investors in AMD stock are betting on a company that's kept up with the competition through thick and thin, but there's no room for complacency in the tech war.Source: Sundry Photography / Shutterstock.com With new product releases to get excited about, Advanced Micro Devices stock holders can rest easy knowing that the company is still on the leading edge of the GPU (graphics processing unit) battlefront. But can AMD continue to push the boundaries and add value amid an uber-competitive tech landscape? Behold … AMD's Nvidia KillerThe GPU niche has grown considerably in recent years, with leading manufacturers leapfrogging past each other to make the fastest, most powerful devices on the market. To quote Columbia University's Michalis Polychronakis and co-researchers Giorgos Vasiliadis and Sotiris Ioannidis:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Super Boring Stocks to Buy With Super Safe Returns "Driven to a large extent by the ever-growing video game industry, graphics processors have been constantly evolving, increasing both in computational power and in the range of supported operations and functionality."Not long ago, it seemed as if the graphics-card battle had been won decisively when AMD came out with the Navi 10 GPU, which is hosted inside the company's RX 5700 graphics card series. Sporting a streamlined graphics engine, multi-level cache, and all-new compute units, the redoubtable Navi 10 offered the most seamless streaming and most powerful encoding to date.No wonder they called it the "NVIDIA Killer": the Navi 10's release was an event that delighted techies while giving the AMD stock price its nice little bump, at least temporarily. Moreover, the Navi 10 is a mid-tier offering, meaning that it's competitive not only in terms of raw performance, but also when measured via a performance-versus-price ratio.As if that weren't enough to knock out the competition, AMD plans to release its next-generation GPUs, known as the Navi 21 and Navi 23, in mid-2020. As a higher-end product, the Navi 23 in particular will feature improved performance and most likely a higher price point, and is very likely a direct response to Nvidia's similar RTX 2080 Ti. Buy AMD Stock to Win the Graphics RaceAMD keeps coming up with the best graphics cards and processors on the market, and a stake in Advanced Micro Devices stock is very likely to benefit from the company's ambitious vision and nearly flawless execution of that vision. Serious desktop gamers are practically drooling at the newly-released Radeon RX 5500, which is touted on the company's website as AMD's most evolved high-performance desktop-gaming GPU:"Powered by the groundbreaking 7nm RDNA architecture with Radeon Image Sharpening and Radeon Anti-Lagtechnology, Radeon RX 5500 delivers extremely efficient, ultra-responsive, high-fidelity gaming… The Radeon RX 5500 GPU powers high fidelity gaming for immersive explosions, physics, and lighting effects, bringing realism to life."If you're a gamer, that's probably music to your ears; if you're an AMD stock investor, hopefully you can at least appreciate the verve and the vividness of that description of the RX 5500. You see, desktop computers might seem old-fashioned in the era of the smartphone, but serious gamers take their desktop computers seriously -- and Advanced Micro Devices takes its graphics technology seriously too, in case you couldn't tell by now. The Takeaway on Advanced Micro Devices StockWhatever the future of gaming technology might bring, Advanced Micro Devices is bound to remain on the cutting edge and AMD stock should, if I'm correct in my assessment, be a solid performer amid a constantly evolving -- and seemingly never-ending -- war of the GPUs.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Prepare for an All-Out Graphics War With AMD Stock appeared first on InvestorPlace.
All three major U.S. indexes jumped Thursday on the back of some positive U.S.-China trade war news. Even if a deal isn't reached anytime soon the semiconductor industry seems sure to be a solid long-term play...
On Monday, AMD launched its lower-end, Navi-based, 7nm RX 5500 GPU. Intel (INTC) has given hints about its highly anticipated Xe GPU with ray tracing.
Industry and academic leaders from US, Australia, Canada, UK to share research, discuss workforce development and build toward a global quantum alliance CHICAGO , Oct. 10, 2019 /PRNewswire/ -- Top experts ...