|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||46.62 - 47.01|
|52 Week Range||31.38 - 48.68|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||32.37|
|Forward Dividend & Yield||1.48 (3.12%)|
|1y Target Est||73.46|
In this week's most important stories, Nintendo unveils a more portable version of the Switch. Meanwhile, a report says Amazon is readying a robot because why not?
The Nintendo Switch Lite is a smaller, portable only version of the Nintendo Switch that we know and love. Arriving this September.
As successful as the Nintendo Switch has been, there's been a consistent headache: Joy-Con drift. Lawyers at Chimicles Schwartz Kriner & Donaldson-Smith have filed a class action lawsuit in the US against Nintendo alleging that its sells Joy-Cons knowing they're "defective." The suit also maintains that Nintendo refuses to fix the drifting for free, and hasn't even acknowledged the issue despite widespread reports. The complaint accuses Nintendo of violating California's fraud laws as well as state- and federal-level warranty laws.
Nvidia (NASDAQ:NVDA) is a pioneering maker of graphics processing units for gaming and professional markets. Since Oct. 2018, Nvidia stock price has been under pressure and over the past 12 months, Nvidia stock has slumped about 32%.Source: Shutterstock For years, NVDA stock has been a leader in the increasingly competitive graphics-card market. Today, I want to discuss the recent battle for market share between Nvidia and Advanced Micro Devices (NASDAQ:AMD), which has been regarded as the perennial runner-up to NVDA. * 7 Defense Stocks to Buy to Fortify Your Portfolio AMD is expected to report its Q2 earnings on July 24, about three weeks before the expected release of Nvidia's earnings. Therefore, in addition to paying attention to Nvidia 's fundamentals, investors may want to pay close close attention to AMD's results, which may very well impact Nvidia stock price.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors Regard NVDA as the Premiere Graphics Chip StockPreviously much loved by investors, especially in 2017 and most of 2018, Nvidia stock gets a lot of attention, compared with other chip stocks. In 2015, Nvidia stock price was hovering around $20. In Oct. 2018, it hit an all-time high of $292.76. On Dec. 26, 2018, it reached a 52-week low of $124.46. In late morning trading today, Nvidia stock price was about $170.NVIDIA sells two main products: graphics processing units (GPU) and Tegra processors. GPUs accelerate central processing units (CPUs), boosting the performance of video and graphics and improving computers' overall performance.Nvidia's GPUs are used in PCs and data centers. Tegra is a system-on-a-chip (SoC) suite developed by Nvidia for mobile devices. For example, Nintendo's (OTCMKTS:NTDOY) Switch uses Tegra. But Tegra only accounts for about 10% of NVDA's total revenues.The company's GPUs have earned a superior reputation compared to competing products, particularly within the gaming industryGamers have not hesitated to pay considerably more for better performance. And for years, NVDA's superior product quality and performance have translated into large revenue and market share, boosting Nvidia stock price. What to Expect From Nvidia's Q2 EarningsNVDA is expected to report its earnings on Aug. 15. When NVDA reports its results, Wall Street will pay attention to the company's five segments that drive NVDA's revenues, i.e., gaming, data center, professional visualization, automotive, and edge computing.Gaming accounts for over 40% of Nvidia's total revenue. During Q1, the unit's revenue tumbled 39% YoY. Investors are quite worried about the company's fundamental growth outlook, which is mostly based on its GPUs for gaming and artificial-intelligence servers. Nvidia's EPS and Nvidia stock price are very closely linked to the sales trends of its GPUs.NVDA's chips had been dominant in PCs. However, a higher percentage of the industry's games are being played on consoles now, and NVDA's GPUs aren't usually incorporated into consoles. Sony (NYSE:SNE) is, for example, using AMD's products in its consoles.Analysts have noted that the crypto craze, which for the most part waned in 2018, can no longer be relied upon to further boost Nvidia's GPU business. Long-term owners of Nvidia stock may well remember that the increase in Nvidia stock price in 2015 largely coincided with the popularity of cryptocurrencies like Bitcoin. Indeed, NVDA's fall from grace started with the collapse of the cryptocurrency craze, which has dealt a blow to the top and bottom lines of NVDA.Wall Street it also concerned that NVDA's automotive business, based on the advent of artificial intelligence (AI)-powered autonomous vehicles, may suffer in coming months. Currently, automotive is the smallest of all of NVDA segments, accounting for just over 5% of its revenue.The current U.S.-China trade war has not helped NVDA, either, as nearly a quarter of Nvidia's sales comes from China. The headwinds of the sector make many analysts wonder whether NVDA can, in the near future, regain the kind of rapid and sustained growth that investors had grown used to in recent years.In its Q1 results, reported in May 2019, NVDA beat analysts' average revenue estimate by 1 %. Furthermore, NVDA expects its full-year revenue to be flat in fiscal 2020. In recent years, Nvidia has managed to keep its revenues intact, in part by increasing its prices. But now that AMD is becoming a serious contender, can NVDA continue to rely on price hikes? Could NVDA Be Dragged Into a Price War?Nvidia is dominant in graphics processing units (GPUs). And until 2019, Advanced Micro Devices (NASDAQ:AMD) mostly played catch-up with Nvidia in GPUs.But during the current quarter, AMD is expected to start selling graphics cards utilizing its 7-nanometer (nm) chips, which are touted as highly power-efficient. As AMD launches its Navi graphics cards featuring the company's 7-nanometer chips, it's confident that its GPUs will take market share from NVDA's chips in the gaming segment.Over the past few weeks, responding to AMD's new products, Nvidia's management has taken several steps,. Specifically, NVDA launched new "Super" versions of its RTX GPR offerings, i.e., RTX 2060, 2070, and 2080. These new versions are considerably faster than their predecessors, but NVDA is selling the new chips at the same prices as the old ones, effectively cutting its prices.AMD responded by reducing its own prices, making investors wonder if either chip maker will benefit from these recent developments. Should Long-Term Investors Buy Nvidia Stock Now?Despite the semiconductor industry's headwinds and cut-throat competition from AMD, there is strong demand for Nvidia's graphics processors, for use not only in video games but also in data centers and work stations. Industry experts also regard NVDA as a top player in the AI chip space, and its graphics chips are highly sought after for use in deep-learning applications.NVDA is also exploring smart-city solutions, which exploit its proficiency in artificial intelligence and data analytics. In other words, the company is somewhat shifting its focus from processors to providing the full technical backbone for AI ecosystems. As the use of artificial intelligence and machine learning continues to rapidly grow, NVDA's AI business could expand exponentially.As new frontiers in technology, such as the internet of things (IoT), artificial intelligence, autonomous driving, and 5G, are developed, I am hopeful that Nvidia's earnings will climb tremendously, lifting Nvidia stock price. Thus, I am also upbeat on the long-term outlook of NVDA.However, in the short-term, effectively lowering its prices to compete with AMD may not necessarily translate into larger market share and a higher stock price for Nvidia.Although Nvidia stock will likely reward long-term investors, tech stocks may remain volatile over the next few weeks. A couple of negative earnings-related or macro-economic news headlines may drive many stocks, including Nvidia, down. Such a decline of Nvidia stock price could provide long-term investors with a better entry point.Investors may consider waiting on the sidelines if they do not currently have any positions in Nvidia stock. I'd consider going long the stock if its price drops back below $150. The shares will be even more attractive on a drop toward $125.Investors who already own NVDA may consider either taking some money off the table or hedging their positions. As for hedging strategies, covered calls or put spreads that expire on Aug. 16 could be appropriate, as straight put purchases are likely to be expensive due to the heightened volatility of NVDA.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post How Will Nvidia Stock Hold Up Amid Tough Competition From AMD? appeared first on InvestorPlace.
(Bloomberg) -- Tencent Holdings Ltd. and Pokemon Co. will jointly develop games, an alliance that may help the Nintendo Co.-backed company crack the world’s largest mobile gaming arena.Tencent, whose WeChat social media service is used by more than a billion people across China, said its TiMi Studio Group will take the lead in developing titles with the Japanese company behind the popular monster-hunting franchise. The two have struck a broad agreement on collaboration, Tencent said in a post on its official Weibo blog without elaborating.The social media giant could prove a strong ally for Nintendo and Pokemon Co. in China, where local titles dominate and gamers have shunned consoles in favor of smartphones and PCs. Developers there have also complained of rampant piracy, where popular titles tend to trigger a wave of copy-cats.Tencent’s own “Let’s Hunt Monsters” has drawn fire for adopting many features of viral phenom ‘Pokemon Go,’ from the use of real-world locations to how players toss balls to capture monsters. The title has consistently ranked among the 30 highest-grossing apps in China, according to researcher Sensor Tower.Pokemon Co., in which Nintendo owns a significant stake, is looking to follow up on its surprise hit Pokemon Go, which created a sensation in the gaming community by letting users hunt monsters and prizes in the real world with their smartphones. In May, it unveiled several new initiatives at an event in Tokyo, including a Detective Pikachu sequel for the Switch console and a new device for tracking sleep.Tencent, in turn, gains a strong franchise to bolster its international presence. The Chinese company seeks growth beyond China and its executives have been keen to assuage game developers’ concerns about intellectual property infringement.“While Tencent has focused mostly on China in the past, we are now looking at the gaming sector with a much more global perspective,” TiMi executive Vincent Gao said in an interview in June. “This will make the company pay better attention to IP protection.”To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Lulu Yilun ChenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The murmurs of an upgraded Switch were true -- although you might want to put hopes for a Switch Pro on ice, at least for now. Nintendo has quietly unveiled a new revision of the standard Switch with dramatically improved battery life. Instead of the original's 2.5 to 6.5 hours, the new model manages a much healthier 4.5 to 9 hours. That's about 5.5 hours of Legend of Zelda: Breath of the Wild versus the earlier three hours, Nintendo estimated. You shouldn't have problems playing through a cross-country flight.
Shares of Nintendo Ltd/ADR (OTC: NTDOY ) were on the rise again Thursday after an upgrade from Wedbush following the company’s announcement of the handheld Nintendo Switch Lite. The Analyst Michael Pachter ...
Amazon (AMZN) is partnering with Leyou Technologies in order to co-develop online multiplayer game based on The Lord of the Rings.
A new Nintendo Switch might be on the way. No, we're not talking about the Switch Lite, or the long-rumored Switch Pro, which as its theoretical name implies would offer a sizeable bump in performance. As The Verge notes, some FCC filings suggest that Nintendo is refreshing the original Switch with a new processor and flash storage.
Shares in Nintendo hit a nine-month high on Thursday after the videogame giant announced a new, cheaper version of its flagship console. The jump in the Kyoto-based company’s share price came on the back of its announcement of the Switch Lite, a budget edition of its best-selling Switch gaming system. Investors hope the new device will boost demand for the Switch, which has sold about 35m units worldwide since its 2017 launch.
Japan's Nikkei rose on Thursday after the Federal Reserve chief cemented expectations of a U.S. rate cut later this month, while Japan Post Insurance put the sector under pressure as it dived after admitting mismanagement in handling insurance policies. On Wednesday, Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month.
Shares in Japan's Nintendo Co rose more than 4% on Thursday after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games. The Kyoto-based company said the new device would launch on Sept. 20 at a suggested retail price of 19,980 yen, or $199.99, compared with $299 for the Nintendo Switch. Nintendo shares had risen on media reports earlier this year of a low-cost version of the Switch console, only to be battered after management appeared to dampen such speculation over the past few months.
Japan's Nikkei advanced on Thursday morning after the Federal Reserve chief cemented expectations of a U.S. rate cut later this month, while Japan Post Insurance dived after it admitted mismanagement in handling insurance policies. On Wednesday, Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month.
(Bloomberg) -- Nintendo Co. introduced a cheaper version of its portable Switch gaming console, as the Japanese company seeks to expand the potential market for games.The Switch Lite will retail for $199.99, or $100 less than the original device, in time for the all-important holiday shopping season. The new console will be released Sept. 20 and comes in yellow, gray and turquoise, the company said in a statement. Nintendo’s shares climbed as much as 4.5% in Tokyo.Nintendo shares have rebounded this year on optimism that the cheaper Switch, a stronger pipeline of games and a potential entry into China will help overcome last year’s missteps and broaden Nintendo’s customer base beyond dedicated fans. Still, analysts have struggled to understand how much a lower priced device will expand the Switch’s market. In April, Nintendo gave a muted financial forecast that stunned investors and analysts, sending shares sliding.“The sooner-than-expected launch suggests the new handheld console is highly likely to steadily capture year-end commercial season demand,” Citigroup analysts Minami Munakata and Yui Shoji said in a research note. “That said, we doubt the new device is likely to significantly change overall (fiscal 2020) shipments, given that some gamers, particularly in Japan, have been delaying Switch purchases.”The original Nintendo Switch, which launched in March 2017, allows people to play in three different modes -- handheld, tabletop and television-- while the Switch Lite is designed for handheld mode.Now Sony and Nintendo Really Have to Worry About MicrosoftWhen the hybrid console originally debuted, it was seen as classic Nintendo — a new gadget that broke the norms of conventional video games. Equipped with a built-in screen and hypersensitive controllers, the Switch was billed as a worthy successor to the Wii, Nintendo’s rule-breaking blockbuster console.The goal was to make the gaming experience as seamless as possible, while letting people use the product in new ways, such as turning it into a virtual piano or motorcycle. But so far, the Switch has struggled to find customers beyond a core fan base. The company shipped 17 million Switch consoles last fiscal year and forecast 18 million for the current period, less than analyst projections for 18.5 million.The cheaper Switch is aimed at expanding the market so more people will buy the company’s games. Characters like Super Mario, Luigi and Donkey Kong are among the most recognized in the industry.In April, with the new console in the works, analysts were baffled by Nintendo’s forecast that it will sell 125 million new software titles, significantly below market expectations for 161 million and lower than all but one of 10 projections tracked by Bloomberg.Japanese companies including Nintendo are known for making conservative estimates at the start of each fiscal period. But even by those standards, President Shuntaro Furukawa’s projection stood out amid a blockbuster games lineup this year and expectations for stronger hardware growth, which drives software sales. The company may be wary of repeating last year’s mishap, when it issued bullish guidance and then had to cut it later.“Adding Nintendo Switch Lite to the lineup gives gamers more color and price point options,” Nintendo of America President Doug Bowser said in the statement. “Now consumers can choose the system that best suits how they like to play their favorite Nintendo Switch games.”(Updates with share action and analyst’s comment from the second paragraph.)To contact the reporters on this story: Yuki Furukawa in Tokyo at email@example.com;Yuji Nakamura in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Reports have emerged Nintendo (OTC: NTDOY ) is releasing a lower-cost Nintendo Switch Lite on Sept. 20, and it will cost $199. According to Cnet’s Scott Stein , this Lite version isn't a sequel to the ...
Wedbush analyst Michael Pachter upgraded Nintendo Co. Ltd. shares to outperform from neutral on Wednesday, following the company's announcement of the Nintendo Switch Lite, which will sell for $200 and become available on Sept. 20. U.S.-listed shares have rallied 4.2% in Wednesday trading. "We expect the introduction of the Nintendo Switch Lite to drive hardware and software sales well above FY:20 guidance, and maintain the company's positive momentum into FY:21," Pachter wrote. He cited the device's "compelling form factor and color set" as well as its lower price point. "The timing of the release appears favorable given that it is roughly two months ahead of Black Friday, and occurring at a time when sales of the PS4 and Xbox One should ramp down ahead of the console refreshes from Sony and Microsoft at holiday 2020, giving Switch Lite a roughly fourteen month head start," he wrote. Nintendo shares have gained 37% so far this year, while the TOPIX index has risen 5.2%.
The Nintendo Switch Lite has been announced and it will be coming out on Sept. 20.Source: NintendoHere's what we know so far about the upcoming Nintendo (OTCMKTS:NTDOY) console. * Nintendo will be charging $200 for the device, which is $100 less than the normal Switch. * The Switch Lite will only work in handheld mode. * This means that players won't be able to use the game console with a dock to connect it to the TV. * There also isn't a kickstand on the device so it won't work in tabletop mode, either. * Another thing to note about the Nintendo Switch Lite is that it doesn't feature detachable controllers. * Instead, the controllers are built into the console. * There have also been some changes to these controllers over the normal Joycons. * The most noticeable is the decision to include a traditional Dpad. * The device also doesn't include the IR sensor on the normal Joycon either. * What this means is that the Nintendo Switch Lite won't be able to make use of motion controls. * To go along with this is the lack of HD rumble on the device. * The Nintendo Switch Lite will come out in three colors: Grey, Turquoise and Yellow. * A special Zacian and Zamazenta Edition will also be available at launch to match the new legendary Pokemon in Sword and Shield. * There are also larger bezels around the display and it appears to be slightly depressed in, which may help prevent scratching the screen.You can follow this link to learn more about the Nintendo Switch Lite.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post Nintendo Switch Lite: 14 Things to Know About the September 20 Release appeared first on InvestorPlace.
The changes mostly seem in service of brining the price down, since it willretail for $199 when it goes on sale in September
(7974) said on Wednesday it will launch a new, smaller, and cheaper Switch console later this year called the Switch Lite. “Adding Nintendo Switch Lite to the lineup gives gamers more color and price point options,” said Nintendo of America President Doug Bowser in a news release. The Switch Lite is slated to be released on Sept. 20 at a suggested retail price of $199.99.
Nintendo has unveiled a new Nintendo Switch called the Nintendo Switch Lite. As the name suggests, this console is a bit cheaper than the original Nintendo Switch, but it comes with a few drawbacks. The biggest difference between the Nintendo Switch and the Nintendo Switch Light is that you can’t connect the Switch Light to a TV.