|Bid||179.9600 x 1200|
|Ask||179.9900 x 200|
|Day's Range||178.8100 - 182.3100|
|52 Week Range||63.5300 - 191.2000|
|PE Ratio (TTM)||51.71|
|Earnings Date||Nov 8, 2017 - Nov 13, 2017|
|Dividend & Yield||0.56 (0.30%)|
|1y Target Est||160.42|
Tesla (TSLA) is teaming up with AMD (AMD) to develop its own AI chip for self-driving cars, according to a report by CNBC. Jefferies analyst Mark Lipacis wrote it’s a “critical win” for AMD. On the other hand, Nvidia (NVDA) shares are falling on the news, since a partnership with AMD would make Tesla less reliant on the company.
It seems graphics processing units, or “GPUs,” sales this quarter are doing better-than-expected, thanks to crypto-currency demand among those who use GPUs to “mine” bitcoin and other currencies. Cryptocurrency demand is driving strength in NVDA's GTX 1060/1070 cards. The GPU/motherboard OEMs also noted GPU pricing was up ~25% in the last six months.
The graphics chip specialist has delivered stunning gains for investors. But these three promising businesses could do even better.