|Bid||47.63 x 1000|
|Ask||47.64 x 800|
|Day's Range||46.72 - 47.93|
|52 Week Range||42.04 - 57.60|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||17.28|
|Earnings Date||Jan 24, 2019|
|Forward Dividend & Yield||1.20 (2.49%)|
|1y Target Est||54.91|
Risk markets continue to deliver mixed messages to traders and market participants. The latest price action suggests more downside -- but first -- with a possible bounce to the 2750 level in the S&P 500, says Yahoo Finance's Jared Blikre, who breaks it down with Jen Rogers and Myles Udland.
For instance, it withdrew from its acquisition of NXP Semiconductors (NXPI) and fended off its acquisition by Broadcom. Although these actions removed uncertainty from Qualcomm’s business, they had a negative impact on the company’s fiscal 2018 fourth-quarter earnings and guidance. In the fourth quarter of fiscal 2018, Qualcomm’s revenue fell 3.3% YoY (year-over-year) but rose 3.6% sequentially to $5.8 billion, higher than analysts’ consensus estimate of $5.5 billion and on the higher end of its guided range.
This month, Apple published 10 job listings on its website for chip design-related positions located in the city, marking the first time the Cupertino, California-based technology giant has publicly recruited for such roles in the Southern California hotbed for chip design. Apple is advertising for engineers to work on multiple types of chip components, including engineers to work on the company’s Neural Engine artificial intelligence processor and wireless chips. Apple is seeking hardware and software engineers to work on wireless components, implying that it may be adding a new location for its efforts to produce wireless chips.
On Qualcomm’s (QCOM) fiscal 2018 fourth-quarter earnings call, CEO Steven Mollenkopf, stated that the company’s first priority for fiscal 2019 would be the transition to 5G (fifth-generation) technology. Mollenkopf believes that the 5G ecosystem is far bigger than 3G (third-generation) or 4G (fourth-generation) technology because 5G will go beyond faster network technology to facilitate a connected world in which all industries—from automotive to manufacturing to healthcare—will use 5G-enabled services. According to a study commissioned by Qualcomm, 5G-enabled services will create an economic opportunity of up to $12.3 trillion from various industries by 2035.
A Wall Street brokerage on Tuesday upgraded chip stocks Nvidia and Xilinx to positive from neutral on their prospects in artificial intelligence. Both stocks climbed on a good day for tech.
Stocks today ended mostly lower after searching for direction through much of the session. The Nasdaq pared gains into the close to finish flat.
Billionaire money manager and author Ray Dalio founded Bridgewater Associates in 1973 and has made a lot of people a lot of money since then, including himself. Dalio is currently ranked 54th on Forbes’ list of the richest people in the world, with an estimated net worth of $18.1 billion. While Dalio is no longer […]
Although many of these chip stocks, including Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA), are much cheaper than they were at the start of September, investors should not expect the choppiness in individual share prices to be over yet. The technical chart for INTC stock is showing strength with more upside potential than downside risk.
newest gadget for developers a brain on a USB stick or to call our neurologist -- or both. Intel's so-called Neural Compute Stick 2, which debuted Wednesday in China, appears like a long, bright blue USB stick and is supposed to bring artificial intelligence and computer vision -- the ability of computers to read images and video -- to all kinds of gadgets including those managing data flowing between networks. Intel said the super-fast gadget, which requires no fan for cooling and can be plugged into common USB ports on computers, will help spur the development of new types of intelligent devices such as smart cameras, drones or robots.
What's New: Abellio London*, one of London’s leading bus operators, has launched a major trial of safety technology from Mobileye, an Intel company. The trial is supported by Transport for London (TfL) through a grant from its Bus Safety Innovation Fund. Focused on reducing bus collisions with cyclists, motorcycles, pedestrians and other road users, the trial’s findings to date show the Mobileye collision avoidance technology has reduced avoidable collisions by 29 percent and reduced injuries from such collisions by 60 percent.