|Bid||0.00 x 1400|
|Ask||0.00 x 1100|
|Day's Range||46.52 - 47.36|
|52 Week Range||36.85 - 57.60|
|PE Ratio (TTM)||17.02|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||1.20 (2.64%)|
|1y Target Est||56.00|
A shortage of high-end computer chips from Intel is being felt in other parts of the tech sector. A major factor, according to Micron, is that some personal computer makers aren’t buying as many of its memory chips because they are slowing production due to a shortage of the CPU chips they need. Intel supplies the vast majority of CPU chips for the PC market today.
Darden Restaurants led the S&P 500, and Caterpillar topped the Dow early Thursday as investors digested the latest trade war news out of China.
Dow stocks were in the driver's seat in afternoon trading Thursday. Intel was a top gainer in the Dow. Chinese stocks also outperformed.
Investing.com - Technology stocks led the rally midday, rebounding from weakness in the previous day led by software and chip stocks.
Cloud services company Oracle (ORCL) recently announced a $12 billion increase to its share repurchase program, which shows that the company is banking on growing its cash flows and expects its earnings growth to continue. Share buybacks also boosted the company’s earnings in its first quarter of fiscal 2019, which ended on August 31, 2018.
In a note to clients on Wednesday, Stifel analyst Kevin Cassidy hiked his 12-month price target on shares of AMD by over 80%, from $21 to $38, as reported by CNBC. Cassidy, who rates AMD at buy, echoes sentiment on the Street indicating that AMD is gaining ground against long-time chip industry leader Intel Corp. ( INTC), which has delayed the production of its next-gen 10-nanometer processor. Cassidy expects new products to improve the Santa Clara, Calif-based company's gross profit margins for at least the next four quarters.
There’s a perfect storm brewing in the CPU market for Advanced Micro Devices, Inc. (NASDAQ: AMD ), according to Stifel, and the firm is raising its expectations for the chipmaker's market share and earnings ...
Stifel increases its price target to $38 from $21 for AMD shares, citing strong demand for its new products. "We believe AMD shares deserve a higher P/S valuation due to expanding GM [gross profit margin] driven by traction across the company's new products, management's solid execution and delayed competitive response from Intel," the firm's analyst Kevin Cassidy says. Stifel is getting more bullish on AMD AMD shares because of the chipmaker's rising profit margins and market share gains.
The " Fast Money " traders shared their first moves for the market open. Pete Najarian was a buyer of Intel INTC Tim Seymour was a buyer of VanEck Vectors Oil Services ETF Dan Nathan was a seller of ...
Shares of Advanced Micro Devices Inc. rallied 2% in premarket trade Thursday, after Stifel Nicolaus analyst Kevin Cassidy raised his price target by 81% to $38 from $21, citing increased optimism regarding market share gains. Cassidy's target, which is 22% above Wednesday's closing price of $31.21, is now the third highest among the 31 analysts surveyed by FactSet; FBN Securities and Rosenblatt Securities both have $40 price targets. Cassidy said that since he upgraded AMD to buy in April, management has continued their "stellar performance" of executing to plan. He said the 7-nanometer EPYC server chip is sampling to customers, which is expected to generate revenue beginning in the second-half of 2019. "Meanwhile, Intel not only hasn't had a competitive response but is likely struggling to meet demand," Cassidy wrote in a note to clients. "This opens the door for continued market share gains by AMD, in our view." AMD's stock has tripled year to date (up 203.6%), while Intel shares are little changed and the S&P 500 has gained 8.8%.
The worst of the group is Intel INTC , down 19 percent from its all-time high in early June and one of just two Dow stocks negative this quarter. Other components in a correction include 3M MMM , Goldman Sachs GS , Walmart WMT and IBM IBM . Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management, is bullish on DowDuPont DWDP and the index's newest member, Walgreens Boots Alliance WBA .
The Zacks Analyst Blog Highlights: Advanced Micro Devices, Intel, Cisco, Hewlett Packard Enterprise and NVIDIA
Organizations Are Gearing Up for More Ethical and Responsible Use of Artificial Intelligence, Finds Study
The most eagerly anticipated earnings release of the month comes out September 20 after the market closes. Micron (NASDAQ:MU) will deliver its results for the quarter ending in August, and the whole technology marketplace could rise or fall on the earnings report from MU stock. Is MU Stock Cheap? At its current $45 price, Micron stock is super cheap.
The former Intel president emerged back on the chip manufacturing scene earlier this year with Ampere Computing, a company taking aim at Intel's lucrative data center business.
have fallen steadily over the past five sessions, there is reason to believe in the stock, according to a Morgan Stanley note. Analyst Joseph Moore's bullish outlook still suggests a downside for the stock, which was declining 2.3% to $31.20 on Wednesday, September 19. new 10 nm CPU is more disruptive than many in the industry realize, leaving an opening for AMD and rival Taiwan Semiconductor Manufacturing Co.
Microsoft (MSFT) wants to expand its innovation in the field of AI, blockchain, IoT (Internet of Things), and data analytics. The evolution of high-speed 4G Internet service and shifting workloads from on-premise to the cloud platform by most of the organization has increased the demand. Connected devices’ growth is creating more opportunities for Microsoft.
Morgan Stanley's Joseph Moore maintained an Underweight rating on AMD with a price target lifted from $11 to $28. Intel argued over the past few years that its process leadership would translate into a sustainable performance advantage across multiple markets, Moore said in a Tuesday note. Intel's ongoing delays in its 10 nm processors are now looking more disruptive for the company than previously assumed, as it is impacting existing roadmaps, Moore said.
Micron Technology (MU) has been focusing on the data economy. In the data economy, innovation is growing in the areas of IoT (Internet of Things) and AI at the edge. Micron’s EBU (embedded business unit) offers a micro SD card that can continuously record for three years at only 10% of the ownership costs of other products.
In September, Microsoft (MSFT) bought Lobe—a startup AI firm. The deal’s financial terms weren’t revealed. Usually, developing the AI model is very complex. So, the acquisition will help users create machine learning models by using a simple drag-and-drop interface. There won’t be as much code writing required. Lobe will offer flexibility for the users since it follows an open source standard supporting multiple platforms.
Micron Technology (MU) is looking to tap the data economy, where the data center provides a significant opportunity. Everything from mobile to PC to cars to smart devices could be connected to the cloud, and the cloud could store the data collected by these devices, increasing the need for NAND (negative-AND) storage.
The Trump administration announced a new round of tariffs on China set to go in effect next week. Many Oregon businesses weighed-in on the anticipated effects.
Advanced Micro Devices (AMD) has been on a roll lately. While other tech stocks have been falling, the chip maker’s stock has gained a whopping 70% in the past month. The stock has more than tripled in value YTD (year-to-date). It’s now trading at a 12-year high.