|Bid||55.75 x 800|
|Ask||55.84 x 1200|
|Day's Range||55.61 - 55.98|
|52 Week Range||41.91 - 61.02|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||11.71|
|Forward Dividend & Yield||0.37 (0.66%)|
|1y Target Est||67.13|
Playstation parent Sony Interactive Entertainment is buying a video game giant – one with a continued presence in Durham.
The deal will help the console maker, a unit of Japan's Sony Corp, boost its game offerings ahead of the launch of rival game streaming services from companies, including Alphabet Inc's Google, and as it prepares to unveil PlayStation 5 next year. In its bid to maintain market share in the $150 billion https://newzoo.com/insights/articles/the-global-games-market-will-generate-152-1-billion-in-2019-as-the-u-s-overtakes-china-as-the-biggest-market global video gaming market, Sony in March partnered with main rival Microsoft Corp, the maker of Xbox game console, to stream games and content to consumers as well as offer game makers new development tools. Founded in 1994, Insomniac Games has worked with Sony for more than 20 years, starting with the first PlayStation.
Despite an initially negative response after earnings, investors holding Advanced Micro Devices (NASDAQ:AMD) are growing confident in its prospects. For the rest of 2019, AMD expects growth accelerating in the desktop, notebook, server, and semi-custom space.Source: Shutterstock For the second quarter, AMD reported EPS of $0.08, despite revenue falling 12.81% year-over-year to $1.53 billion. Strong CPU revenue was offset by a drop in semi-custom and GPU sales. Weaker chip sales for consoles made by Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT) weighed on overall results. Looking ahead in this space, both Sony and Microsoft will source SoCs from AMD for their next-generation consoles. And even though revenue will probably remain weak from semi-custom, AMD's profit margins will remain at healthy levels.AMD's next-generation Rome server is on time and is exceeding expectations. The chip is delivering on industry-leading performance and TCO (total cost of ownership) for an expanded number of cloud and enterprise workloads. Rome has more traction than the first-generation EPYC processors. Twice the number of platforms are developing for this architecture. And AMD has a larger set of partners this time around. Add four times more enterprise and cloud customers involved before its launch and it is clear that sales will grow at a better pace. This will give profit margins a healthy lift.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Rebound from Weak GPU SalesDuring the quarter, AMD ramped up production of Radeon 5700 GPUs. The release introduces the new RDNA architecture that delivers up to 1.5 times more performance per watt compared to previous generations. AMD noted strong initial demand, with third-party reviewers complimenting the GPU's favorable game performance relative to its pricing.Although revenue declined in the Graphics segment due largely to lower channel sales, data center GPU sales rose significantly. Blockchain-related revenue was negligible in the quarter, as expected. But with bitcoin prices rebounded since May, investors might expect sales from the cryptocurrency resurgence potentially recovering. Growth OpportunityAMD's 7-nanometer product line will eventually offer margins greater than 50%. For the third quarter though, the company guided gross margin of 43%. But by Q4, this should increase. TSMC (NYSE:TSM) is more than supportive operationally in meeting the ramp-up of these chips. Barely a month on the market, Ryzen's third-generation CPU promises to add to AMD's revenue. Launched globally, the Ryzen refresh will accelerate AMD's market share gains in the PC market. Additional product releases that add to a better product mix suggests profits will grow at improving rates. * 7 Great Small-Cap Stocks to Buy Sales of the fifth-generation chip production for Microsoft and Sony consoles will start adding to AMD's revenue in the second half of the year. Ahead of the holiday season of 2020, investors should expect the company to book significant revenue growth in the semi-custom space.AMD's multi-year deal to supply GPU licenses for Samsung ushers in a new era for GPUs in the smartphone space. AMD will earn $100 million from the deal, offset by some specific development costs and COGS (cost of goods sold). But most importantly, it broadens the chip maker's revenue line in the Asian-Pacific region. So even though weak performance in China had a minimal impact on its revenue, AMD may now develop a market in the smartphone space. Valuation and Your Takeaway on AMDBased on 22 analysts offering a one-year price target on AMD, the average target is $34.10, not far from the $31.18 recent closing price. Similarly, investors forecasting revenue growth of at least 15% in a 5-year DCF Revenue Exit model will arrive at a similar price target. With AMD's rich product launch schedule ahead and its 7-nanometer road map, AMD stock will continue rewarding investors over the next few years.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 * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post AMD Stock's Post-Earnings Recovering Shows Investor Optimism appeared first on InvestorPlace.
Fortnite is the most popular battle-royale game world wide, and generates huge revenues even though it is offered for free by developer, Epic Games.
If an “adult” movie — not “Adult” as in X-rated, but “adult” as in, not a superhero movie or a teen horror flick or a teen sex comedy — opens during the summer, does it make a sound?
More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. "We would want to look at something after that to ... develop more scale as we move forward,” Redstone said at The Information's Women in Tech, Media and Finance conference in June. To the audience of executives in the Times Square high rise overlooking the storied Paramount building, it was clear that her ambitions went well beyond the hard-won reunion of the two companies her father, Sumner Redstone, put together and then pulled apart 13 years ago during a very different era in media.
Nvidia (NASDAQ:NVDA), the premiere graphics-chip maker, is expected to report its second-quarter earnings on Aug. 15 after the market closes. Semiconductor stocks, including Nvidia stock, are among the equities that have been the hardest hit by the recent selloff.Source: Shutterstock Despite the recent slide of Nvidia stock price, it might still be too early to get back into NVDA, given its short-term risks that make it a highly volatile investment. In other words, I recommend investors wait for several weeks before buying Nvidia stock. What Wall Street Will Look For in Nvidia's EarningsNVDA 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 output.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy on the Trade War Dip When NVDA reports its Q2 results, Wall Street will pay attention to its five segments that drive its revenues: gaming, data center, professional visualization, automotive, and edge computing.Gaming accounts for over 40% of Nvidia's total revenue. In Q1, the unit's revenue tumbled 39% year-over-year. Investors are quite worried about the company's 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.Investors will also want to hear management's take on the impact of cryptocurrency mining on NVDA going forward. In recent years, Nvidia stock price has been largely driven by the popularity of cryptocurrencies like Bitcoin.However, 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. Indeed, NVDA's fall from grace started with the collapse of the cryptocurrency craze. The collapse has dealt a blow to the top and bottom lines of NVDA.Wall Street is 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. NVDA Faces Competition From AMDFor years, NVDA has been a leader in the competitive graphics-card market. However, in recent months the battle for market share between Nvidia and Advanced Micro Devices (NASDAQ:AMD) in that segment has intensified.Long regarded as the perennial runner-up to NVDA. AMD reported its Q2 earnings on July 24. The next day, Nvidia stock price fell meaningfully, indicating that the owners of Nvidia stock are increasingly paying attention to AMD's earnings.For years, NVDA's chips had been dominant in PCs. However, a higher percentage of video 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.In this quarter, AMD is expected to start selling its Navi graphics cards that utilize its 7-nanometer (nm) chips. They are touted as highly power-efficient. As AMD launches its Navi cards, it's confident that its GPUs will take market share from NVDA in the video-game chip sector.Responding to AMD's new products, Nvidia's management has taken several steps. Specifically, NVDA has launched new "Super" versions of its RTX GPR offerings. These new versions are considerably faster than their predecessors. But NVDA is selling its new chips at the same prices as its old ones, effectively cutting its prices.AMD has responded by reducing its own prices, making investors wonder if either chip maker will end up in good shape. NVDA Stock Technical Charts Are Signalling More VolatilityOver the past year, Nvidia stock price is down about 40%, and the shares have been quite volatile. As a result, the technical outlook of NVDA stock has been damaged. Its short-term chart still looks weak, and Nvidia stock price looks poised to drop even more in the near-term.Although NVDA's momentum indicators, which describe the speed at which stock prices move over a given time period, are currently in oversold territory, they can stay oversold for quite a long time. That's particularly true when, as is the case with NVDA, a stock's overall trend is down. Therefore, more buy signals based on momentum indicators need to be conﬁrmed before Nvidia stock can become a buy from a technical standpoint.I would suggest that long-term investors wait until Nvidia stock builds a base between $150 and its Dec. 2018 low of $125.On the other hand, if the current trade tensions are swiftly resolved or NVDA reports strong earnings, Nvidia stock price could rebound quickly. The Bottom Line on Nvidia StockGiven the volatility of Nvidia stock price over the past year due to the ongoing questions about the fundamentals of NVDA and its sector, I would urge investors to be cautious about NVDA stock.The U.S.-China trade war has not helped NVDA, either, as China accounts for nearly a quarter of Nvidia's sales. 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.Although Nvidia stock will likely reward long-term investors, tech stocks may remain volatile over the next few weeks. A couple of negative macro or global news headlines as well as questionable earnings results from NVDA on Aug. 15, may drive Nvidia stock price down. If that occurs, long-term investors will be given a better entry point in Nvidia stock.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 * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains The post Should Investors Buy Nvidia Stock Prior to NVDA's Earnings? appeared first on InvestorPlace.
Trump is trying to lay the blame for the weekend's mass shootings on video games, but there's no evidence to back it up.
Roku (NASDAQ:ROKU) stock reports its earnings on Wednesday, Aug. 7 after the closing bell. In recent quarters, Roku has become one of the highlights of earnings season due to the extreme reactions the stock tends to bring.However, this also means traders might have to redefine "disappointment" for Roku stock. With an equity prone to huge moves after earnings, it is the lack of a reaction that would hurt traders more than an extreme drop.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Generation Z Stocks to Buy Long A Likely Earnings Beat and Reaction in ROKU StockWall Street foresees a consensus 21 cents per share loss in Roku's second quarter. The company broke even in the same quarter last year. They also predict revenues of $224.2 million. That would represent a 43% increase from the second quarter of 2018 when the company brought in $156.81 million.Traders can (almost) count on two things when the company reports earnings. For one, Roku stock has exceeded earnings and revenue estimates in every report since its September 2017 IPO. I would not expect that to change this time.Moreover, ROKU almost always reacts strongly to these reports. The previous report led to a 28.1% one-day increase in the stock price. In February, the Roku stock price rose by 25.2% after earnings. November's third-quarter report brought a 22.3% drop in the stock. Those reactions will not go on forever. Still, it should not surprise traders to see another 20%-plus change in the stock price. Where Will ROKU Stock Go?I would not necessarily count on a higher move in the short term. Our own Nicolas Chahine described Roku stock as "over the top and headed higher." I agree with that in the long-term.Roku continues to maintain its lead over competitors. In the market share for streaming, Roku stock `remains well ahead of Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT), the second and third-leading streaming platforms respectively.Also, given the stock's reaction to earnings in the last two quarters, I cannot discount the possibility of yet another spike higher following earnings.However, InvestorPlace feature writer James Brumley's warning that investors should take profits could also prove correct. For one, ROKU trades at about 14 times sales and more than 30 times its book value. Yes, equities such as Roku stock can defy gravity for years. However, the overall market has suffered in recent trading sessions, so traders should not rule out the possibility of a massive selloff.Investors should note that it once held an advantage over Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) as a neutral platform. Due to the launch of the Roku channel, that neutrality has ended. Admittedly, it has thrived by launching an advertising and streaming ecosystem. However, it remains unclear whether abandoning its neutrality will help the company. Should I Buy ROKU Stock Before Earnings?When asking whether to buy or to sell Roku stock before earnings, I would say no, except as a speculative position on both sides. What I mean by that is, ROKU is one of the few stocks where one might profit from a straddle, or buying both a call and a put option. For most equities, the cost of options right before earnings is such that most traders will lose money on such a trading strategy.The Roku stock price stands at just over $100 per share as of the time of this writing. A call option with a $100 strike price expiring on Aug. 9 (just after earnings) sells for $8.90. An equivalent put option trades at $8.17. This means that the stock will have to move more than 17% (not including fees) for a straddle bet to earn a profit.I still see that as a risky gambit much too expensive to recommend. However, investors should note that most of the one-day moves following earnings have exceeded 17%.In the long run, I see Roku stock as an equity headed much higher. However, given the overall market conditions, I foresee pain in the near term, and I would not buy at this time.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 Generation Z Stocks to Buy Long * 5 Growth Stocks to Buy After the Rate Cut * 5 Dependable Dividend ETFs to Invest In The post Roku Announces Earnings This Week-What Can Traders Expect? appeared first on InvestorPlace.
Spotify and other streaming mainstays continue to dominate the industry, but artists are struggling to gain in the changing music landscape.
There's a sense of panic within Japan Inc and the government - the world's No. 3 economy doesn't have enough experts in artificial intelligence and it's time to do something about it. SoftBank Group Corp CEO Masayoshi Son last month bemoaned the state of play, calling Japan a 'developing country' in the most important current tech revolution. Prime Minister Shinzo Abe in June unveiled a plan to train 250,000 people in AI skills annually by 2025, albeit one criticised as unrealistic due to a shortage of teachers.
There's a sense of panic within Japan Inc and the government - the world's No. 3 economy doesn't have enough experts in artificial intelligence and it's time to do something about it. SoftBank Group Corp CEO Masayoshi Son last month bemoaned the state of play, calling Japan a 'developing country' in the most important current tech revolution. Prime Minister Shinzo Abe in June unveiled a plan to train 250,000 people in AI skills annually by 2025, albeit one criticized as unrealistic due to a shortage of teachers.
PlayStation Plus Free Games for August 2019 have been revealed by Sony (NYSE:SNE).Source: Shutterstock The offer of free games comes from anyone that has a PlayStation Plus subscription. This subscription is required for online play of games and the extra games are part of the bonuses that subscribers get.Here are the PlayStation Plus Free Games for August 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * WipEout Omega Collection -- This collection lets users enjoy high-speed racing in WipEout 2048, WipEout HD and the HD Fury expansion. The game will be available from Aug. 6 through Sept. 2 and works with PlayStation VR. * Sniper Elite 4 -- This third-person shooter has players causing chaos behind enemy lines during World War II to help defeat Axis forces. It is also available to play from Aug. 6 through Sept. 2.Both of these games have online components to them. Seeing as they are available free to PlayStation Plus members, that means they will likely see an increase in online players. That makes this the perfect month to dive into some competitive matches in both of these games. There's also co-op options available in Sniper Elite 4 for anyone that wants to go that route instead. * 8 of the Most Shorted Stocks in the Markets Right Now While the PlayStation Plus Free Games for August 2019 are about to drop, there's still time to download the July offerings. This includes Detroit: Become Human Digital Deluxe Edition and Horizon Chase Turbo. Both of these games are still available to download through Aug. 5.You can follow this link to learn more about the PlayStation Plus Free Games for August 2019. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Most Shorted Stocks in the Markets Right Now * 7 Charts That Should Concern Marijuana Stock Investors * 8 Monthly Dividend Stocks to Buy for Consistent Income As of this writing, William White did not hold a position in any of the aforementioned securities.The post PlayStation Plus Free Games for August 2019 appeared first on InvestorPlace.
With tech stocks fetching rich valuations, there is little room for error. Just look at shares of Advanced Micro Devices (NASDAQ:AMD). On news of its recent earnings report, AMD stock plunged 10%.It's true that the AMD share price is still up a sizzling 65% for the year, making it one of the top performers among tech stocks. Yet the drop still shows that the company has its issues.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, let's take a look at the quarter. Net income went from $116 million, or 11 cents a share to $35 million, or 3 cents a share. This haul beat Wall Street's expectations by 3 cents a share. On the top line, revenues fell from $1.76 billion to $1.53 billion. Yet the consensus was calling for $1.52 billion.But of course, the real problem for AMD stock was the guidance. For the current quarter, the company's revenue forecast is for $1.75 billion to $1.85 billion. This compares poorly to Wall Street's more robust $1.94 billion.One of the reasons for the deceleration is the disruption from the U.S.-China trade war. Also, competitive pressures from rival Intel (NASDAQ:INTC) have taken the shine off the AMD share price. * 7 A-Rated Stocks Under $10 Yet perhaps the biggest problem for AMD stock is the gaming market. It looks like sales are trailing off as customers are waiting for new consoles from Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE). Keep in mind that the impact from this has overshadowed the growth in AMD's EPYC and Radeon chip revenues. AMD Share Price and Q2 HighlightsDespite all this, it's important to note that AMD continues to push innovation. In the quarter, the company launched high-performance CPUs (central processing units) and GPUs (graphics processing units) as well as scaled 7-nanometer processors for PCs, gaming and data centers.Here are some other notable events for the quarter: * The company entered a multi-year strategic agreement with Samsung, which will license AMD's graphics technology for mobile applications and smartphones. * AMD announced its X570 chipset for providing the first-ever PCIe 4.0 ready platform for consumers. There will be over 50 motherboards from manufacturers. * AMD also announced RDNA, which is a new gaming architecture for PCs, consoles and cloud platforms. The chip technology has 1.25-times the performance of the previous generation. * The company plans to work with Cray (NASDAQ:CRAY) -- which has recently agreed to merge with Hewlett Packard (NYSE:HPE) -- to create the world's fastest computer, called Frontier. It will use AMD EPYC CPUs and Radeon Instinct GPUs that leverage AI (artificial intelligence). * Microsoft will use AMD chips for its next-generation gaming console, Project Scarlett. * Apple (NASDAQ:AAPL) will use AMD Radeon Pro Vega II GPUs for a new Mac Pro system. Bottom Line on AMD StockThe gaming market is likely to be a drag for some time. Consider that the 2019 revenue forecast is for mid-single digit growth.But the gaming market will ultimately provide a strong catalyst when the consoles are launched. And yes, AMD's innovations have positioned it nicely to capitalize on this.In the meantime, AMD should continue to see momentum in its other categories, especially in the data center. This is a huge opportunity for the company.For example, here's what Wells Fargo analyst, Aaron Rakers, had to say after the earnings: "While AMD's slightly tempered 2019 outlook will likely put some pressure on shares…we think our positive thesis on AMD as a 2H2019 7-nanometer third-generation Ryzen, Radeon RX 5700, and second-generation Epyc Rome server CPU product-cycle momentum/upside story is unchanged." His price target is $40So all in all, I think the recent drop in AMD stock is a good entry point: that is, for those investors with a long-term bent.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post Despite the Plunge, Thereas No Need to Panic on AMD Stock appeared first on InvestorPlace.
On CNBC's "Fast Money Halftime Report," Mario Gabelli spoke about the media stocks that he likes. He likes the merger between T-Mobile Us Inc (NASDAQ: TMUS ) and Sprint Corp (NYSE: S ) and he ...