INTC - Intel Corporation
| Previous Close | 51.74 |
| Open | 51.70 |
| Bid | 51.85 x 1100 |
| Ask | 51.86 x 1100 |
| Day's Range | 51.54 - 51.76 |
| 52 Week Range | 42.36 - 59.59 |
| Volume | 4,181,878 |
| Avg. Volume | 21,357,815 |
| Market Cap | 228.282B |
| Beta (3Y Monthly) | 0.70 |
| PE Ratio (TTM) | 12.02 |
| EPS (TTM) | 4.30 |
| Earnings Date | Oct 24, 2019 |
| Forward Dividend & Yield | 1.26 (2.44%) |
| Ex-Dividend Date | 2019-08-06 |
| 1y Target Est | 53.13 |
- Barrons.com
AMD’s Chips Are Gaining More Share at Intel’s Expense, Says Analyst
Susquehanna Financial Group says AMD’s desktop market share has grown to 20% so far in the third quarter, versus 19% in the previous quarter and 17% in the prior year.
- Investing.com
Stocks - Wall Street Rises on Microsoft's Infectious Optimism
Investing.com – Wall Street opened higher on Thursday as signs of confidence from Microsoft (NASDAQ:MSFT) and gains in chip stocks offset mixed signals from the Federal Reserve.
- Bloomberg
Apple’s Brand in China Takes a Hit From Backlash Against Trump
(Bloomberg) -- The trade war is taking its toll on Apple Inc., a new survey of Chinese consumer attitudes shows.The company tumbled to No. 24 in an annual report on China’s top brands, falling from No. 11 a year ago. In 2017, before the trade war started, Apple was fifth in this ranking. Meanwhile, Apple’s biggest local rival, Huawei Technologies Co., climbed two spots and came in second, behind only Chinese payment service Alipay.The shuffle in the rankings is a sign of the growing challenge American brands face in the second year of Donald Trump’s tariff showdown with his Chinese counterpart, Xi Jinping. The survey findings show Chinese consumers growing cooler towards some American brands, especially after smartphone giant Huawei saw its Chief Financial Officer, Meng Wanzhou, arrested in Canada last year at the behest of the U.S. government.Trump followed with a ban on Huawei products, which helped fuel a surge of local support for the Shenzhen-based brand, according to Jay Milliken, senior partner in Hong Kong with Prophet, the San Francisco-based consultancy that conducted the survey of 13,500 Chinese consumers.Prophet’s survey, conducted annually, this year asked Chinese consumers in large cities for their views on more than 250 brands across 27 categories. Respondents evaluated brands they used or were considering using, rating rated their relevance to the lives of consumers based on qualities such as innovation, usefulness and dependability.‘Nationalistic Buying’“There’s a lot of nationalistic buying in that category, because Chinese consumers interpreted what happened to Huawei as an attack,” he said.Patriotism helped fuel the rise of other Chinese brands, too. Sportswear maker Li Ning Co. cracked the top 40 for the first time, ranked No. 34, just two spots behind market leader Nike Inc.Named after its founder, the famous gymnast, Li Ning capitalized on the nationalistic sentiments of many Chinese consumers with the launch last year of a China Li-Ning collection at New York Fashion Week that heavily used red and yellow, China’s national colors.There were only two American names in the top ten this year -- Android at No. 3 and Intel at No. 9 -- compared to five in the 2017 survey.Switching AllegiancesUnlike Apple, Android and Intel don’t have to worry about consumers switching allegiances to local competitors, Milliken said, and that explains why they manage to remain highly ranked.“Some Western brands are so integral in the lives of Chinese consumers, they’re almost predisposed to not losing relevance,” he said. “There are no Chinese alternatives so those remain super relevant.”Geopolitical tensions aren’t the only problem Apple faces in China, its biggest market after the U.S.While Beijing is pushing to make the country a leader in the introduction of high-speed 5G networks, Apple’s phones -- even the newly announced iPhone 11 -- don’t support that latest wireless standard.To contact the reporter on this story: Bruce Einhorn in Hong Kong at beinhorn1@bloomberg.netTo contact the editors responsible for this story: Emma O'Brien at eobrien6@bloomberg.net, Bhuma Shrivastava, Rachel ChangFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Buy Micron (MU) Stock Ahead of Q4 Earnings Amid Semiconductor Comeback?
Should investors consider buying Micron (MU) stock with the chipmaker set to report its quarterly financial results on Thursday, September 26?
- Zacks
Intel (INTC) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Intel (INTC) closed at $51.74, marking a -0.4% move from the previous day.
- InvestorPlace
Why Intel Stock Is the Best Semiconductor Name to Buy Now
Editor's Note: This article was updated to correct some information about Xilinx.For several years, the basic narrative behind the semiconductor space went something like this: Intel (NASDAQ:INTC) provided the premium-end processors, and Advanced Micro Devices (NASDAQ:AMD) was the poor man's Intel. Look at the charts, though, and you'll see that this narrative has changed. AMD has skyrocketed to low-earth orbit, while INTC stock has floundered.Source: JHVEPhoto / Shutterstock.com What has bothered Intel's management team the most, however, was AMD's production acumen. No longer content on dominating the lower-tier processor categories, the smaller semiconductor firm began flexing its muscle. As I mentioned a few months back, AMD stole the show at the 2019 Computex industry conference. With high-level processors designed to compete and steal market share from INTC, Intel stock looked incredibly vulnerable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, we're starting to see signs that the tide might turn back to Intel's favor. Recently, the company has made substantial progress with its Agilex field-programmable gate arrays, or FPGAs. These are modular chips capable of easy configurations to fit multiple functionalities. As such, FPGAs are incredibly valuable to companies advancing 5G network technologies. That offers synergistic opportunities that can bolster INTC stock.Additionally, Intel claims that the Agilex FPGAs can either impart more performance or less power consumption than its predecessor FPGAs. The company claims that the Agilex is also useful for data centers, which I don't doubt. As a study from Berkeley Economic Review pointed out, Intel has a strong reputation for producing reliable chips. * 10 Recession-Resistant Services Stocks to Buy Best of all, the semiconductor giant snagged Microsoft (NASDAQ:MSFT) as an FPGA client. Naturally, this is a massive development for Intel stock. However, investors remain leery about the equity's choppy manners: can they trust INTC? Comparisons Benefit INTC StockMy answer to the above question is yes. However, it's a nuanced affirmation.Obviously, one of the big challenges with the semiconductor industry is the U.S.-China trade war. If it keeps dragging, as some economists suggest, that may cap growth in the sector. Moreover, I'm eyeballing the economic turmoil in Germany and Europe overall. Combined, these headwinds could devastate consumer demand.That's the bad news for Intel stock. The good news is that the U.S. is locked in a technological race with its adversaries. Now more than ever, we need our big tech firms to innovate. Part of the enthusiasm over the Agilex FPGAs is our collective progress in the space. Additionally, Intel has significantly narrowed the production and distribution gap with rival Xilinx (NASDAQ:XLNX), which leads the sector. Naturally, this benefits INTC stock longer term.Therefore, if you believe that certain semiconductors will perform well even against economic headwinds, you should consider Intel stock. Because compared to its rival AMD, INTC at this juncture may have the better outlook.Yes, I'll concede that AMD has better sex appeal because of their flashy new processors. Also, AMD CEO Dr. Lisa Su engineered one of the most remarkable comebacks in business.At the same time, this is also a "what have you done for me lately" business. And right now, some evidence indicates that AMD may have pushed their products too quickly without proper quality control. In the nearer term, that might not matter much. But over the long haul, it could worry clients.Let's face it: in a recession, you want every dollar to count. Therefore, when organizations invest in data centers, for instance, they want consistent, reliable performance. In that department, Intel has the proven history, bolstering the argument for INTC stock. Technical Comparison Also Supports Intel StockMoreover, if we suffer a recession, I believe the technical argument also supports INTC stock. For one thing, AMD has ripped out another strong year so far, gaining 71% year-to-date. On the other hand, Intel is quite the laggard relatively speaking, up less than 16%. * 7 Stocks the Insiders Are Buying on Sale However, this also helps Intel's case, especially if the markets get choppy. AMD has enjoyed speculative fervor, and for good reason. But Advanced Micro is unlikely to continue generating the kind of exciting news to take shares to even higher plateaus.In contrast, Intel shares have been stuck in sideways trading for most of the trailing two-year period. After so much terrible news, shares may experience an upswing. Also, don't forget that Intel pays you a dividend, giving you some incentive to hold.As I said before, the semiconductor space has risks. But if you're searching in this area, I'd rather go for the beaten-up name with an exciting product pipeline rather than one that has already enjoyed the red-carpet treatment many times over.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Why Intel Stock Is the Best Semiconductor Name to Buy Now appeared first on InvestorPlace.
- Market Realist
AMD EPYC Rome to Be in Dell’s New PowerEdge Servers
Yesterday, Dell launched five new PowerEdge servers powered by Advanced Micro Devices' second-generation EPYC Rome server central processing units.
- InvestorPlace
All Bets Are Off With the Nvidia Stock Rally
Nvidia (NASDAQ:NVDA) stock has seen a nice bump since August. Shares have popped from a low of $148.77 on Aug. 15 to $180.24 at the close Sept. 17. With positive developments in the U.S.-China trade war and improving fundamentals for the GPU space, Nvidia's fortunes may be turning around.Source: michelmond / Shutterstock.com But is there enough left in the tank to send NVDA stock higher? Based on valuation, it seems most catalysts are priced in the stock. Nevertheless, NVDA sells at a discount to GPU rival Advanced Micro Devices (NASDAQ:AMD).So what's the verdict? Let's take a closer look at Nvidia stock, and see why now may not be the time to buy.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Key Developments Driving the Nvidia Stock PriceWeak GPU demand and the U.S.-China trade war. These two factors hammered Nvidia stock. But a turnaround in chip sales and optimism over a trade deal have mitigated these concerns. Improved investor sentiment is driving NVDA stock higher. The question is: Will it last?With regards to GPU demand, Nvidia's sales results for the past quarter show promise. For the quarter ending July 30, revenue rose from $2.2 billion to $2.6 billion quarter-over-quarter. Gaming sales rose 24% from the prior quarter, from $1.1 billion to $1.3 billion. But sales remain down year-over-year. Overall sales were $3.1 billion in the prior year's quarter, including gaming sales of $1.8 billion. Nvidia has a long ways to go before reaching the high water mark set in the prior year. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars How about the U.S.-China trade war? Investors are optimistic, but corporate America remains bearish. The unpredictability of the trade war could continue to impact Nvidia's business. It could also impact an upcoming acquisition. As InvestorPlace's Tom Taulli wrote on Sept. 12, China could block Nvidia's proposed acquisition of Mellanox (NASDAQ:MLNX). The Mellanox deal is seen as a positive catalyst for NVDA. The deal would bolster Nvidia's data center business, and help it diversify away from GPUs.But what about artificial intelligence? The rise of AI could be Nvidia's saving grace. On Sept. 13, InvestorPlace's Jamie Johnson pointed out how Nvidia's automotive AI business saw sales grow 30% in the past quarter. AI has yet to reach critical mass, but in the next decade could emerge as a major industry. This would give Nvidia stock a clear pathway to growth.However, as seen below, this growth potential is clearly reflected in the valuation of NVDA stock. Does this mean shares are overvalued? Let's see how Nvidia's valuation compares to peers. NVDA Stock Remains OvervaluedDespite declining sales since 2018, Nvidia stock remains richly priced. The company's forward price-to-earnings ratio is 25.5. Nvidia's enterprise value/EBITDA is 40. But shares continue to trade at a discount to rival AMD. AMD stock trades at 28.3 times forward earnings, and has an EV/EBITDA ratio of 67.Does this mean Nvidia stock is undervalued? Possibly, but it could indicate AMD remains overvalued. Both stocks trade at premiums to broad-line chip makers like Intel (NASDAQ:INTC) and Broadcom (NASDAQ:AVGO). Intel's forward P/E is 11.6, and its EV/EBITDA ratio is 7.6. Broadcom trades at a forward P/E of 12.4, and a EV/EBITDA ratio of 14.3.As I have stated before, I do not understand the high premium assigned to GPU makers relative to broad-line chip makers. As seen from the global GPU glut, substantial sales growth is uncertain. Long term, I can easily see both NVDA and AMD trade at valuations similar to INTC and AVGO. Maybe not as cheap as Intel stock, but certainly at similar EV/EBITDA ratios as Broadcom. It's Tough To Predict Nvidia Stock's FutureAll bets are off with Nvidia stock. While the company has seen improvements in its overall business, sales remain down from the prior year. There's light at the end of the tunnel for the trade war, but uncertainty remains. Nvidia next announces results in November. The analyst community sees quarterly sales at around $2.9 billion. China could give their blessing to the Mellanox deal. If so, the deal could close at the end of 2019.So what's the play with Nvidia stock? I have been on the sidelines since July, and shares have traded sideways since. If the company can reach the high water mark set last year, shares should see material improvement. But until then, sideways trading between $150-$200 per share is likely. Continue to stay on the sidelines with Nvidia stock.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 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post All Bets Are Off With the Nvidia Stock Rally appeared first on InvestorPlace.
- InvestorPlace
Look for Microsoft Stock to See a Big Post-Earnings Pop
After the stock bottomed at $120 in June, Microsoft Corporation (NASDAQ:MSFT) shares traded to new highs at $141.68. But since August, the stock is stuck in a very narrow trading range at $136. Microsoft stock still is modestly high but the P/E has room to expand.Source: gguy / Shutterstock.com Expect Microsoft to report a strong Q1 report next month, following last quarter's (Q4) results. In the last period, the company reported double-digit growth from all but one segment.Its Intelligent Cloud division grew 19% year-on-year, while the More Personal Computing grew 4%. Still, the gross margin of 15% is a 2 point improvement. At an EPS of $1.71 or an annualized P/E of 19.9 times, MSFT stock borders on being too cheap to ignore.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors may hunt for inexpensive technology stocks like Intel (NASDAQ:INTC), whose P/E is 12.2 times. But Intel faces elevating competitive pressures from AMD (NASDAQ:AMD), so the stock reflects the uncertainties ahead.Microsoft has strong bookings growth in the commercial space. In Q4, bookings grew 25%, with the commercial revenue annuity mix accounting for 90% of that total. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars The software giant is in the sweet spot of enjoying recurring revenue. Its commercial cloud revenue, which made Microsoft $11 billion in revenue, enjoyed a gross margin of 65%. Growth Catalysts and Microsoft StockMicrosoft has many growth catalysts to count on in the next quarter and in 2020. Office software sales are benefiting from commercial clients signing up for Office 365, and on the consumer market, revenue grew 6% in the last quarter. Microsoft now has 34.8 million consumer subscribers. With the Apple (NASDAQ:AAPL) smartphone refresh and Android suppliers like Samsung and Xaomi launching new devices, expect more Office 365 sign-ups next year.The intelligent cloud space enjoys even better growth. Azure revenue grew 64%, which suggests Microsoft is taking market share from Amazon.com's (NASDAQ:AMZN) AWS.Although hardware sales contribute to only a small part of revenue, it too is growing. Surface revenue grew 18% in Q4/FY2019. Microsoft will host the next Surface event, slated for Oct. 2.Announcing a refreshed Surface, one year after the last launch and ahead of the holidays may prove timely. Last week, Apple announced a new iPad and MacBook Air. Microsoft may announce a Surface Pro 6 hybrid, an updated Surface Go tablet, and a Surface laptop. Personal Computing and Microsoft StockThe Windows operating system is still at the core of the company's growth ambitions. Commercial markets still need new PCs every few years and a stable operating system.As the market prepares for the end of Windows 7 support, expect a surge in sales of Windows 10 software. And even though Surface device sales brought in $2.05 billion, down from $2.29 billion last year, look for Microsoft to enjoy the hype for these products. If Surface devices become the standard for the hybrid notebook and tablet form factor, it has a good chance of taking Apple's iPad market share.Apple claimed 38.1% of the global tablet market in the second quarter. Samsung, Huawei, and Amazon claim the number two to four positions. Microsoft is not on the list. If IDC does not consider the Surface as a tablet, it does not matter. Microsoft needs to convince consumers and businesses to choose a Surface or Surface Go device over an iPad for work purposes. The Bottom Line on Microsoft StockAnalysts who offer a 1-year price target on MSFT stock think the stock is worth $153.77. This is ~13% above the recent price of $136.33. Various DCF EBITDA and Revenue exit models suggest the stock is trading at close to fair value.It will take an uptick in revenue growth in the next quarterly report, due next month in October, to justify a higher stock price. Chances are good that will happen.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Look for Microsoft Stock to See a Big Post-Earnings Pop appeared first on InvestorPlace.
- Market Realist
Why Micron Has Become an Analyst Favorite
Chip maker Micron Technology (MU) is suddenly gaining the attention of analysts despite struggling with several challenges.
- InvestorPlace
It May be Time to Call an Option on AMD Stock
Advanced Micro Devices (NASDAQ:AMD) stock is up over 66% in 2019. This is higher than rivals Nvidia (NASDAQ:NVDA) at 36.6% and Intel (NASDAQ:INTC) at 14.1%. AMD stock is also outpacing at least one popular sector exchange-traded fund, the VanEck Vectors Semiconductor ETF (NYSEARCA:SMH) is up about 40%. AMD stock is also besting the S&P 500 index, which is up 20% in 2019.Source: Grzegorz Czapski / Shutterstock.com However, the semiconductor business is notoriously cyclical. Plus, AMD stock has been trading in a tight range for the entire summer. As fall approaches, the smart play may be to place strategic option contracts that will help you take advantage of short-term price movements. Softer Revenue Growth Is Not UnexpectedPrior to the second quarter of 2019, AMD posted soft revenue growth (on a sequential basis) for the prior three quarters. However, on a year-over-year basis, the Q2 results still showed a double-digit revenue decline. Furthermore, analysts suspect that the company will likely face declining revenue due to softness in gaming consoles that could affect its revenue for the rest of 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor its part, AMD has cut its revenue guidance into the mid-single digits for YOY growth rate. AMD is scheduled to report Q3 earnings on October 29. Analysts are projecting an 8.9% increase in revenue to $1.8 billion. * 7 Momentum Stocks to Buy On the Dip This is not completely unexpected. AMD has not had new products to get investors excited. But that story looks to be changing. New Product Launches Sound LikelyOne of the factors depressing AMD stock has been a product line that is growing long in the tooth. AMD's 400 Series Polaris line of graphics processing units (GPUs) hit the market in 2016. A refreshed 500 Series was introduced in 2017.However, in 2019, rival Nvidia released a competing GPU, the GTX1660 that is helping NVDA rapidly gain market share in the gaming space. A refreshed line of Navi GPU cards, priced competitively at under $250, should help AMD recapture some of this lost share.In the CPU market, the tech publication Techquila reported that AMD has plans to release new 7-nanometer products in the second half of 2019. The first product to launch will be its Ryzen 9 3950X desktop CPU (scheduled for September 30).Then in early October, it plans to launch its third-generation Threadripper CPU line-up (extending to as many as 64 cores). These come on the heels of the Rome EPYS server CPUs in August. These new processors are generating high demand from enterprise and cloud customers (and are potentially stealing market share from Intel). There is Real Growth for AMD Stock Coming in 2020Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE) are expected to launch their next generation of gaming consoles in late 2020. Pent-up demand from gamers should give the consoles a lift.This sets up well for AMD stock. Wall Street analysts are extremely optimistic about the company's 2020 revenue growth. They expect its revenue to grow more than 24% next year. What's next for AMD stock?Advanced Micro Devices stock is just coming down from its 52-week high of $35.55. And the company's forward price-earnings ratio of just under 29 makes the stock expensive. However, AMD is projecting earnings increases of 37% for 2019 and 68.3% in fiscal 2020 which could account for the elevated ratio.The question for investors is whether the new product launches and higher revenue growth can generate enough momentum to push the AMD stock price higher. Right now, many investors seem to be in "wait and see" mode. That makes some sense. Why buy the stock now if the real growth won't occur until 2020?However, between now and then, there could be a lot of macro-economic catalysts that may give the stock a boost. The Federal Reserve is cutting interest rates. And there may be a breakthrough, or at a least a continued pause in the ongoing trade war with China. And for its part, AMD must post numbers that show the high demand for their servers is not an anomaly.This is where trading options on AMD stock can be an effective trading strategy. Sell puts at a price slightly below the current price and place call slightly above the current price. The puts pay you for buying the stock. In the case of the calls, you can get a weekly or monthly premium.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post It May be Time to Call an Option on AMD Stock appeared first on InvestorPlace.
- American City Business Journals
Western Digital to expand in Roseville after Kazan acquisition
San Jose-based Western Digital Corp. will maintain Kazan Networks’ Roseville operations following its recent purchase.
- American City Business Journals
Intel promotes two Oregon execs to EVP roles
Michelle Johnston Holthaus, who leads the company’s global sales, marketing and communications functions, and Gregory Bryant, who leads the business group that includes PC products, were both named executive vice presidents. Holthaus was already reporting to CEO Bob Swan, but now Bryant will also report to Swan. With both reporting directly to the CEO it shows the importance of their business units.
- InvestorPlace
New Products Could Boost Advanced Micro Devices Stock
After topping out at $34 this past July and August, Advanced Micro Devices (NASDAQ:AMD) is holding up at the $30 level. Valuations continue to hamper AMD stock's ascent. It will take a blow-out earnings report to finally put the bulls in full control.Source: JHVEPhoto / Shutterstock.com Even though AMD has the upper hand in the CPU market in both desktops and notebooks against Intel (NASDAQ:INTC), Intel shares are holding up. Intel recently rallied from a $46 low to trade at $52.54 at the end of last week. This suggests that markets believe Intel still enjoys strong prospects in the CPU markets. Yet AMD's latest CPU refresh offers a highly competitive suite of products that could take Intel's market share. It refreshed Ryzen to the third generation, offering seven-nanometer production chips at a higher price to performance over Intel's products.At the macroeconomic level, Intel may face weaker sales as the U.S.-China trade war persists. This will also hurt AMD sales in China. But a weak Q4 sales outlook for Intel will only give AMD market share gain. In 2020, AMD will have more original equipment manufacturers carrying Ryzen third-generation chips.InvestorPlace - Stock Market News, Stock Advice & Trading Tips EPYC Server DemandOn the enterprise front, expect strong demand for AMD's EPYC server chips. The company now claims 14 world records. On a Red Hat Enterprise Linux setup, testers achieved record speeds on several benchmarks. These results should impress information technology departments. So, as enterprises buy cloud-based solutions, they will demand EPYC-powered cloud solutions instead of using Intel's chips. Building Brand AwarenessAMD has a slew of upcoming webinars that will strengthen the company's branding. It will also build support with its channel partners and developers. In September, the company will talk about its powerful mobile solutions in HP systems. At the end of the month, it will talk about the Ryzen 3800X system that is ideal for powering professional gaming and content creation. * 7 Momentum Stocks to Buy On the Dip AMD's partner launches should lead to market share growth, assuming customers pick AMD chips over Intel ones. Last month, Asus announced a pair of ZenBooks that have Ryzen 5 3500U or Ryzen 7 3700U processors. The GPU will also have an AMD Radeon Vega. AMD Stock's ValuationWall Street analysts are modestly bullish on AMD stock. Of the 22 analysts offering a price target, the average price target is $33.17, 8% above its recent close of $30.70 (per TipRanks). Cautious investors may want to build their financial model to estimate the downside fair value on AMD stock. For example, in a five-year Discounted Cash Flow Exit model, investors might assume the trade war will hurt revenue growth. Should revenue fall to the single digits at any time over the next five years, the fair value of AMD is around $26. Conversely, a 20%-25% annual revenue growth rate would imply a fair value of $41.50 for AMD stock. The Outlook for Advanced Micro Devices StockIn the third quarter, AMD issued an outlook that was weaker than expected. Still, its product launches in the last month should reaccelerate its revenue growth. It launched the seven-nanometer EPYC Aug. 7 and custom Radeon RX 5700 XT GPUs later in August. A Threadripper third generation is on the way. And while these new products will not get counted in the upcoming earnings report, they will have a positive impact on its outlook in the quarters ahead.AMD's valuations are unfavorable at this time at the $30 range, but its prospects are bright. Investors will bid the stock higher as they realize the company achieves its revenue growth potential.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post New Products Could Boost Advanced Micro Devices Stock appeared first on InvestorPlace.
- TheStreet.com
TSMC's Manufacturing Tech Lead Is Starting to Pay Off in a Bigger Way
The chip manufacturing giant has reportedly seen lead times stretch for its most advanced manufacturing processes, which are used by Apple, AMD and others.
- Zacks
Oracle at OpenWorld: Autonomous Database & Cloud in Focus
Oracle (ORCL) is strategically expanding Autonomous Database portfolio and enhancing functionalities of cloud-based applications, which is encouraging adoption.
- InvestorPlace
Be Patient When Considering Qualcomm Stock
Unsurprisingly, technology firm Qualcomm (NASDAQ:QCOM) is enjoy a strong year in 2019. After years of ugly legal battles with Apple (NASDAQ:AAPL) over patent disputes, the two giants settled their differences. Immediately, QCOM stock shot to the moon.Source: jejim / Shutterstock.com Of course, shares have settled down into their usual cadence, ebbing and flowing based on the news or interpretations of earnings reports. Still, Qualcomm stock is up 37% for the year. Outside of an extremely bearish news item, QCOM seems assured of closing out 2019 deep in the black.That said, some of the positive momentum appears to be waning. For instance, QCOM stock recently incurred three negative sessions in a row. And yesterday, Sept. 16, was particularly interesting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn this day, Qualcomm announced that it would buy the rest of its interest in RF360 Holdings, a joint venture between QCOM and TDK (OTCMKTS:TTDKY). RF360 specializes in RF front-end filters, which are necessary components in rolling out the 5G network. * 7 Tech Stocks You Should Avoid Now According to a statement from Qualcomm, the acquisition enables the organization to "deliver a truly complete solution" for mobile platforms. Theoretically, the news should lift Qualcomm stock. Thanks to rival Intel's (NASDAQ:INTC) bungled attempt at developing 5G modems, QCOM enjoys significant breathing room.Unfortunately, that's not how the markets viewed things. Instead, QCOM stock slipped about 0.5% in the Monday session.This is hardly a time to panic. Nevertheless, it is interesting that despite having a clear advantage in the 5G arena, Qualcomm stock has not been able to capitalize on it recently. Still, I wouldn't give up on this compelling tech opportunity. Nearer-Term Concerns Conflict with Longer-Term NarrativeJust as it's not surprising that QCOM stock is having an outstanding year overall, it's also no mystery why shares have recently slowed.Primarily, the ongoing U.S.-China trade war puts a damper on most industries. More worryingly, some economic experts have voiced their concerns that the trade war could drag on for years. Such a scenario is especially problematic for Qualcomm stock. The San Diego-headquartered tech firm generates about 65% of its revenue from China.Moreover, troubles in Europe, such as Brexit and Germany teetering toward recession, weigh on global markets. Logically, if Europe's biggest economic powers hit choppy waters, it doesn't bode well for the rest of the continent. Also, such a negative development hurts broader consumer demand.After all, 5G-ready phones are rare. And if you really want one, you're going to have to pay a pretty penny. According to CNBC, you're looking at $1,300 for a Samsung Galaxy S10+ 5G, which runs on Qualcomm's current Snapdragon 8 platform.Moreover, the 5G rollout has only occurred in limited locations. Thus, if you're not in one of those areas, you're out of luck. In the here and now, these nearer-term concerns weigh on QCOM stock.That said, speculators may want to advantage these lulls in the pricing dynamics for Qualcomm stock. The tech firm is hard at work in not only driving innovation, but also toward implementing cost efficiencies. Earlier this month, management announced that they're developing 5G platforms for less expensive phones.Just as importantly, this news item coincides with telecom giants AT&T (NYSE:T) and Verizon (NYSE:VZ) committing to developing 5G infrastructures in dozens of major U.S. cities. Thus, the tech-based fundamentals for QCOM stock are lagging the underlying infrastructure. But by the end of next year, this situation should resolve itself. Geopolitics Favor QCOM StockUnderstandably, many investors are leery about tech names. That sentiment would only be amplified during a recession.But even here, I think Qualcomm stock has some safety measures. Amid the natural capitalistic drive to develop 5G technologies, a geopolitical motivation exists as well. Like it or not, we're embroiled in a tech cold war with our adversaries, primarily Russia and China.Everyone is seeking to gain an edge here. Tomorrow's wars may not be kinetic but instead digital. As such, America's brightest tech firms dominating the landscape isn't just a matter of pride; it's also a matter of national security.Thus, when push comes to shove, I see federal oversight and regulation as less of a concern. While enforcing privacy and antitrust laws are important, they pale in comparison to potentially losing the tech cold war. It's just another factor to keep in mind if you're considering QCOM stock.As of this writing, Josh Enomoto is long AT&T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Be Patient When Considering Qualcomm Stock appeared first on InvestorPlace.
- InvestorPlace
Insiders Are Laying off AMD Stock and So Should You
AMD (NASDAQ:AMD) received an upgrade from Moody's right before the weekend. This should help reduce the company's debt costs. Later on, it could even help bolster AMD stock.Source: Shutterstock However, while AMD looks like a solid buy on the surface, issues have appeared that should create some doubts. Unless and until these issues resolve themselves, investors should hold out for a discount before buying. The Moody's Upgrade HelpsMoody's took AMD's debt rating to Ba2, up from the previous Ba3. In raising the rating for the AMD corporate family, Moody's cited the company's "design wins" and gains in market share as reasons for the improved performance outlook. AMD stock rose by almost 1.6% to $30.48 per share following the news.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI cannot argue with Moody's rationale on the improved debt rating. Long known as the lower-cost, less-regarded semi manufacturer, analysts should now regard AMD as a full-fledged player in the semi industry. However, the question on the minds of traders is whether that will improve the performance of the stock. * 7 Tech Stocks You Should Avoid Now On the surface, I see few reasons not to buy AMD. The forward price-to-earnings (PE) ratio of just under 29 is not cheap. However, projected earnings increases of 37% this year and 68.3% in fiscal 2020 make the slightly elevated PE ratio worthwhile. Heed AMD's rangeHowever, markets often run up against stubborn price limits, and this has happened to Advanced Micro Devices stock. As I have stated in previous articles, the $34 price ceiling continues to plague AMD. This limit has left it range-bound and the current price of just over $30 per share places the equity in the middle of the range first established in May.Will this range break eventually? In all likelihood, yes. Lisa Su continues to do an outstanding job in taking market leads over Intel (NASDAQ:INTC) and keeping it competitive on the graphics side against Nvidia (NASDAQ:NVDA). That will bolster profit growth and eventually push AMD stock through the price ceiling. AMD Stock Is More Than Just RangeboundHowever, the baffling aspects of AMD stock go well beyond a stubborn price ceiling. Our own Will Ashworth found another issue, namely the lack of insider buying.Over the last year, not a single insider has purchased any Advanced Micro Devices stock. Moreover, insiders sold over 39 million AMD shares during the previous 12 months. That comes in far ahead of the roughly 2.27 million shares sold by Intel insiders and the 491,317 shares of Nvidia sold.InvestorPlace feature writer James Brumley believes that AMD will more than likely move with the market. Much like AMD, the overall market seems to trade in a range as well. The S&P 500 continues to flirt with record highs despite a trade war and a lengthy economic expansion.Brumley also made a point in a previous article about the 7nm Rome processor not living up to the performance expectation. Like Boeing (NYSE:BA) and the 737 MAX, AMD may have caused performance issues by rushing its 7nm processor to market.Many reports have surfaced about Rome not performing as advertised. While I do not think this stops the AMD recovery story, it may make some investors wary of AMD for now. The Bottom Line on AMD StockAMD is not as great a buy as it may appear. When comparing both the Moody's upgrade and the forward PE ratio to the expected profit growth rate, Advanced Micro Devices stock looks like a definite buy on the surface.However, it seems concerning that insiders have not bought into the story. Moreover, doubts about the performance of 7nm Rome could place further pressure on the stock. As a result, traders have seen the same thing happen over the last year--AMD stock reaches the $34 per share range and then sells off.Furthermore, it has remained below the 50-day moving average since August 13th. Unless it breaks out of the current range, investors should only consider buying near the $26 per share level.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 * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Insiders Are Laying off AMD Stock and So Should You appeared first on InvestorPlace.
- Reuters
Malaysia fast-tracks investments to win trade-war business
Malaysia has set up a panel to fast-track investments as it seeks to woo businesses affected by the U.S.-China trade dispute and it approved more than $500 million in new proposals this month, a government minister said. An increasing number of U.S. and Chinese businesses have been moving manufacturing out of China to escape tit-for-tat tariffs imposed on each other's products. Malaysia's new National Committee on Investment I (NCII) aims to encourage investment in Southeast Asia's third-biggest economy and it approved investments worth 2.2 billion ringgit ($526 million) in its first meeting, the minister said.
- PR Newswire
Oracle and Intel Collaborate on Optane DC Persistent Memory Performance Breakthroughs in Next Generation Oracle Exadata X8M
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- ORACLE OPENWORLD – Intel Corporation and Oracle today announced that Oracle is incorporating the high performance capabilities of Intel® Optane™ DC Persistent Memory into its next-generation Exadata platform, Oracle Exadata X8M.
- Market Realist
AMD’s Revenue Could Rise Further, Says Moody’s
On September 13, Moody's Investors Service maintained a positive stance on the revenue of chip maker Advanced Micro Devices (AMD).
- PR Newswire
S&P 500 buybacks decline significantly in Q2 2019; expenditures still remain higher than the pre-2018 levels
- Q2 2019 share repurchases were $164.5 billion - 20.1% lower than Q1 2019, 13.7% lower than Q2 2018, and 26.2% lower than the record Q4 2018. - Apple continues to lead, spending $18.2 billion - down from ...
- Zacks
The Zacks Analyst Blog Highlights: Intel, Adobe Systems, Mondelez International, Morgan Stanley and Arista Networks
The Zacks Analyst Blog Highlights: Intel, Adobe Systems, Mondelez International, Morgan Stanley and Arista Networks
- Bloomberg
Lawmakers Seek Intel From Customers in Big Tech Probe
(Bloomberg) -- A House panel investigating big tech companies for potential antitrust violations is seeking information from customers of Amazon, Apple, Google and Facebook about the state of competition in digital markets and the adequacy of existing enforcement, according to documents reviewed by Bloomberg.It’s the latest development in the bipartisan congressional investigation being conducted by House antitrust subcommittee chair David Cicilline, a Democrat from Rhode Island.The eight-page survey doesn’t mention any companies by name, but it seeks information about the industries they dominate such as mobile apps and app stores, search engines, digital advertising, social media, messaging, online commerce and logistics as well as cloud computing.The survey asks respondents to identify the top five providers for the various digital services and how much it paid each of those providers since Jan. 1 2016. It also asks for any allegations of antitrust violations or business practices that hurt competition. The committee offered respondents the possibility of confidentiality if they desired.The panel has asked for responses to its survey by mid-October.Assessing AntitrustThe survey appears geared toward businesses that pay the big technology companies for services such as cloud computing, digital advertising and help selling mobile apps and products online. It doesn’t appear to focus on general retail consumers that buy products from Amazon or iPhones from Apple.It also shows how regulators are relying on customers and competitors of Big Tech to help them better understand digital markets and and how dominant players can stifle competition. The Federal Trade Commission has been quietly interviewing online merchants that sell goods on Amazon to better understand the business.The questionnaire shows the House panel trying to assess the grip big technology companies have in various markets, a first step in probing for antitrust violations. If the panel finds competition is so scant that the customers of big technology companies have no viable alternatives, it justifies further scrutiny of business practices as well as mergers and acquisitions.The questions also suggest the panel is open to examining how antitrust laws are applied in digital markets and if enforcement and laws need to be updated.A Google spokesman declined to comment. Apple didn’t immediately respond to requests for comment. Amazon and Facebook both declined to comment, but pointed to previous comments by executives in which both companies said they welcomed government scrutiny and maintain they exist in markets with healthy competition. Emails to representatives for the House committee weren’t immediately answered.The survey sent to customers follows the public disclosure of letters the House antitrust subcommittee sent to Google parent Alphabet Inc., Amazon.com Inc., Facebook Inc. and Apple Inc. Those letters, posted online, seek detailed information about acquisitions, business practices, executive communications, previous probes and lawsuits. The letters followed a July hearing in which lawmakers grilled tech executives.The House panel has been the most visible of various probes of technology companies. Representative Cicilline has been a vocal critic.Speaking at an antitrust conference in Washington, D.C. last week, he said, “you would be amazed” at the number of companies that have come forward with concerns about the potentially unfair way that big tech companies compete. Some have even expressed fear that the tech giants will respond with economic retaliation if the smaller companies’ concerns are made public, Cicilline said, without providing more detail.The House panel’s probe is part of a broader examination of the control companies such as Amazon, Google and Facebook have over the U.S. economy. The FTC is investigating Amazon and Facebook while the Justice Department is probing Google. Separately, 50 state attorneys general have announced an antitrust probe of Google.(Adds requested date for survey responses in fifth paragraph. An earlier version corrected the spelling of David Cicilline.)\--With assistance from Naomi Nix and Ben Brody.To contact the reporter on this story: Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Ian FisherFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Apple's Next Generation Products Leaves Shares Unchanged
Apple's uninspiring next generation product release isn???t scaring investors away from this excessively cash-rich firm.
