50.14 -0.04 (-0.09%)
After hours: 4:26PM EST
|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||49.79 - 50.36|
|52 Week Range||44.53 - 61.02|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||10.55|
|Forward Dividend & Yield||0.26 (0.54%)|
|1y Target Est||79.26|
Sony's venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one. Financial details were not disclosed. The ability to integrate what3words into voice assistants is what has piqued the interest and investment from Sony and others.
Pop singer R. Kelly and Sony Corp.’s RCA Records label are parting ways, amid renewed scrutiny of sexual-abuse allegations against the R&B artist. The split comes a week after a six-part Lifetime documentary series, “Surviving R. Kelly,” sparked a public campaign for the label to drop the 52-year-old singer. Mr. Kelly has been removed from RCA’s roster, according to a person familiar with the matter, and is no longer listed as an artist on the website for the label.
Inside the Impact of Comcast’s New NBCUniversal Streaming Service(Continued from Prior Part)NBCUniversal is a late entrant in the streaming spaceComcast’s (CMCSA) NBCUniversal recently announced that it would be launching its new streaming
A Look at AMD's Long-Term Financial Model(Continued from Prior Part)Does AMD need to update its long-term financial model Advanced Micro Devices (AMD) is on track to achieve its long-term financial model, which was last updated in May 2017, and does
[Editor's note: This story was originally published in November 2018. It has since been updated and republished. While the author's opinions may have shifted, the longer-trend for video game stocks remains.] If you're looking for an investment sector that is very likely to rise higher, video game stocks are your ticket. The concept of the video game has evolved from nerdy niche to mass mainstream infiltration. Still, powerful fundamental tailwinds haven't prevented video game stocks from absorbing huge losses. Indeed, anywhere you look, the major (and minor) indices are flashing red. The broader markets finished 2018 down 6.2%, and our own Dana Blankenhorn, in November 2018, stated bluntly "we're already in a bear market." Any contrarian analyst would be hard-pressed debating Blankenhorn on this issue as the volatility persists into 2019. InvestorPlace - Stock Market News, Stock Advice & Trading Tips I'm certainly not going to attempt it, especially if I'm looking at esports and gaming stocks. The video game as an investment vehicle is a platform that has profited many investors handsomely over the years. Unfortunately, the declines in video games and esports stocks over the past year have forced everyone to rethink their assessments. I can't deny the obvious: This is a time when all market participants should strongly consider protective measures. We have many factors that are completely unrelated to video games but could end up roiling video game stocks. However, I'd also caution against overreactions. Recall that the Dow Jones lost double digits between late January and early February of 2018 … * InvestorPlace Roundup: The Hottest Stocks in the Market Today The point is to protect yourself from this violent storm, but also to realize that all storms eventually fade away, producing excellent deals only in hindsight. If you've got the nerve, here are seven video game stocks on serious discount. Source: Dalvenjah via Flickr ### Sony (SNE) When you think about the modern video game, you immediately think about Sony (NYSE:SNE). Admittedly, SNE stock has become a running joke within consumer-electronics circles for the underlying firm's other endeavors. For instance, its smartphone is nowhere near as popular as Apple's (NASDAQ:AAPL) iPhone, and it once ran a computer-monitor business. But don't ever question SNE stock for its part in advancing the video game to the mainstream. Its PlayStation console resonates deeply with consumers, and better yet, it keeps improving. Just a few days ago, Sony announced during the Consumer Electronics Show (CES) that the current-generation PlayStation 4 hit 91.6 million unit sales. More impressively, this tally occurred over roughly a five-year lifespan. Of course, the markets don't typically respond to past achievements. What makes SNE stock so compelling for the video game industry is corporate synergy. Make fun of Sony all you want, you can't deny its vast entertainment portfolio. Management can easily leverage this for exclusive titles, which they do frequently for marquee brands. Source: Shutterstock ### Microsoft (MSFT) Every great organization has an equally great competitor. In the war of supremacy for the video game, we have two top console-makers: Sony and Microsoft (NASDAQ:MSFT). The rivalry between the two tech giants is no joke for many gaming enthusiasts. Microsoft stopped reporting sales figures for its Xbox console, which understandably drew snide snickering, but estimates put it around the 40 million mark. Based on this, Sony is vastly outpacing Microsoft in the console wars. But that hasn't stopped MSFT stock from making significant gains in the markets. Part of the reason is that in terms of graphics and gameplay capabilities, Microsoft has largely gone toe-to-toe with Sony. Additionally, the house that Bill Gates built features its own batch of attractive exclusive titles, including the ultra-popular "Halo" series. Naturally, this has encouraged long-term investors to pile in on MSFT stock. * 10 Companies That Could Post Decelerating Profits And while I'm a Sony guy, I think Microsoft offers better overall stability. Along with its video-game business, it has a virtual lockdown on PC operating systems and various pieces of professional software. Plus, MSFT stock pays a much higher dividend, which isn't something to ignore at this juncture. Source: Shutterstock ### Nintendo (NTDOY) In my opinion, and those of fellow gamers, the architect of today's video game is Nintendo (OTCMKTS:NTDOY). However, other video game stocks have captured investors' attention. Moreover, as a Japanese over-the-counter name, NTDOY stock doesn't always generate positive news. That has proven especially true in 2018. Last year, NTDOY stock returned handsome monetary rewards for shareholders thanks to the Nintendo Switch. This spectacular console is actually a hybrid device. Nintendo designed the Switch primarily for home usage, but you can just as easily take it on the road. However, great news becomes old news quickly, and shares faltered. Still, the scope of the damage seems excessive. Over the past year, NTDOY stock has dropped a staggering 30%. While further losses are not out of the question due to the overall market panic, the bears are overlooking the company's long-reaching brands. For instance, the "Mario Bros." franchise is gaming gold, which Nintendo can leverage for profitable synergies. Source: Shutterstock ### Electronic Arts (EA) For anybody who has picked up a video game in the last decade, chances are, you fed the Electronic Arts (NASDAQ:EA) cash cow. From developing games for the Commodore Amiga -- does anybody remember that? -- to driving the latest innovations in esports, EA stock is a mainstay within the industry. That said, video game stocks have incurred horrific losses, and Electronic Arts was not spared in any way, shape or form. Since July 25, EA stock has hemorrhaged more than 43% of market value. Some of that was due to the poor outlook given in its first-quarter fiscal 2018 earnings report. But later losses stemmed from internal issues, such as the delayed launch for its heavily-anticipated video game Battlefield V. I understand why investors are now hesitant on EA stock. A few months ago, I provided my analysis on the company's extreme volatility. That said, my ultimate take is that Electronic Arts suffers from fixable problems. * Mizuho: 7 Long-Term Value Stocks to Buy Now Moreover, they leverage an enviable sports-licensing franchise. No matter what happens, throngs of gamers always eagerly await the latest iteration in the Madden or FIFA series. On the surface, such fandom seems irrational because the changes are minute. Still, the consumers are shelling out big bucks every year, so who am I to judge? Source: Gamevil Inc. via Flickr ### Activision Blizzard (ATVI) One of the biggest reasons why the video game industry has captured mainstream attention is the proliferation of the online shooter genre. And in this genre, no one does it better than Activision Blizzard (NASDAQ:ATVI). Over the last few years, ATVI stock has skyrocketed based largely on its Call of Duty franchise. Rather than being shunned by the real heroes in uniform, our military forces embrace these games. Earlier last year, Activision announced that it donated more than $100,000 worth of Call of Duty games to the United Service Organizations, or USO. However, like Electronic Arts, ATVI stock incurred heavy losses in the markets. Since the close of Oct. 1, Activision shares have tanked 40%. A major culprit is fierce competition, particularly from Epic Games' Fortnite. In the long-term, though, ATVI stock looks very intriguing. Over a year-and-a-half of market gains was wiped out in less than two months' time. That's a little bit over the top considering that the company levers one of the most popular franchises among video stocks. Source: Shutterstock ### Nvidia (NVDA) Semiconductor firms like Nvidia (NASDAQ:NVDA) started to light up the markets in 2016, and that momentum continued into last year. Unfortunately, we learned a physics lesson with NVDA stock: what goes up must come down. And shares are doing exactly that. What appeared to be a promising start for 2018 turned into a veritable nightmare. Between the January opener and the end of September, NVDA stock gained nearly 44%. Since the beginning of October, however, the company has tumbled over 48%, finishing the year down 31%. As a leader in advanced technologies, Nvidia took the brunt of the sector fallout. The geopolitical wrangling between the U.S. and China isn't helping matters. Plus, the severe plummeting in bitcoin prices is likely to negatively impact its crypto-mining-specific graphics processing units, or GPUs. * 7 Stocks to Buy That Are Run By Billionaires Nevertheless, I really like NVDA stock, especially at these prices. I'm not the only one, as notorious short-sellers Citron Research just recently reversed their bearish take on the company. While you shouldn't rush in simply based on one expert opinion, Nvidia offers exposure to multiple next-gen businesses. I doubt that NVDA will stay deflated for long. Source: Shutterstock ### GameStop (GME) In following with my usual routine of sticking speculative names in the back, I bring to you GameStop (NYSE:GME). GME stock is easily one of the riskiest investments among video game stocks. The company pays out a near-10% dividend, which tells you all you need to know. The other reason that GME stock is down -- aside from all the terrible factors that slammed valuations -- is related to its PR crisis. Many gamers hate GameStop because the retailer rips off customers who are looking to trade in their games and paraphernalia. That's true, but at the same time, you can't have it both ways. The reason why other gamers love GameStop is due to their extensive library of preowned products. In my opinion, it's far superior to online sales and subscription-based services due to its easy return policy: if you don't like a particular video game, just return it. This return policy is a major but underappreciated benefit for GME stock because many gamers are young. They (or their parents) may not have the funds for subscription services. GameStop gives these customers better pricing and superior flexibility. As of this writing, Josh Enomoto was long SNE and bitcoin. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post 7 Video Game Stocks on Steep Discount appeared first on InvestorPlace.
A Look at AMD's Long-Term Financial ModelAMD’s product launches for 2019 and 2020 2019 is an exciting time for Advanced Micro Devices (AMD), as the company’s new product announcements could put rivals Intel (INTC) and NVIDIA (NVDA) on their toes.
AMD's 2019 Products Could Keep Intel and NVIDIA on Their Toes (Continued from Prior Part) ## AMD in the gaming market Advanced Micro Devices (AMD) and NVIDIA (NVDA) are the leading chip suppliers in the gaming market, with AMD leading in the console gaming space and NVIDIA leading in the PC gaming space. AMD’s Radeon GPUs (graphics processing unit) are used by PC gamers, in Microsoft’s (MSFT) Xbox One, in Sony’s (SNE) PlayStation 4, and in the cloud. After a year of no new GPU releases, AMD launched a Polaris refresh Radeon RX 590 midrange GPU in December 2018. It’s still launching refreshes of its previous-generation Polaris GPUs, as its next-generation Vega 56 and Vega 64 GPUs failed to gain traction in the gaming market. In January, AMD announced the second generation of its Vega GPU Radeon VII on the 7 nm (nanometer) node. It remains to be seen whether the new GPU will gain traction in the gaming market. AMD is also working on gaming consoles and cloud gaming. ## AMD has more coming in the gaming space AMD’s CEO, Lisa Su, expects Microsoft and Sony to start talking about their next-generation consoles, which are expected to launch in 2020, soon. AMD will supply processors for both consoles. There are rumors that AMD’s first Navi GPU will be developed exclusively for Sony’s next-generation PlayStation. Microsoft is working on something called Project xCloud, which will bring gaming to any device with the help of the cloud. Although no details are available about the two new consoles, details should be disclosed as the 2020 launch date nears. These new consoles could significantly boost AMD’s revenue next year. AMD also made some exciting announcements in the PC processor market at the 2019 Consumer Electronics Show. We’ll check them out next. Continue to Next Part Browse this series on Market Realist: * Part 1 - AMD Gives a Glimpse of Its 2019 Product Launches at CES 2019 * Part 2 - AMD Enters the High-End Gaming GPU Segment with Radeon VII * Part 3 - When Will AMD Offer Ray Tracing Technology?
In recent years, Amazon (NASDAQ:AMZN) has found ways to surprise people, such as its takeover of Whole Foods Market. Such moves lend credence to the disruptive nature of Amazon. But in other cases, the disruption could be seen a million miles away. That's the case for the latest rumor centering on an Amazon streaming video game service. According to inside sources, Amazon is developing a platform to stream video games over the internet. This decision pits the company directly against Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), which is working hard to launch a similar service. The e-commerce giant is also going up against video-game powerhouses Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT). The news couldn't come soon enough. Despite its dominant presence, the markets haven't been kind to Amazon stock. Sure, AMZN did return 28% for its shareholders last year, which is a deeply impressive haul considering the circumstances. But since the end of August, shares are down nearly 18%. Plus, the choppiness over the past three months isn't helping matters. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In theory, a groundbreaking reveal like Amazon's streaming games service should bolster the case for the company. In the nearer-term, I can see Amazon stock tick a little higher. But over the long run, the forecast is a little hazy. * 7 Stocks at Risk of the Global Smartphone Slowdown Let's take a look at both sides of the issue, beginning with the positives: ### Amazon Stock Has a New Weapon The appeal for Amazon stock doesn't just rely on the underlying company's disruptive strategies. In many cases, it creates new markets and subsequently dominates them. A prime example is their smart speakers. While Alphabet is catching up, Amazon owns the greatest market share by a country mile. More importantly, rival Apple (NASDAQ:AAPL) has no answer. Considering this track record, I can appreciate the optimism for Amazon's upcoming streaming games service. For starters, it brings a new revenue stream for the company that previously didn't exist. Moreover, as its Prime media-content platform has demonstrated, Jeff Bezos & Co. can compete with anyone, even well-established players. That should make the management teams at Sony and Microsoft uncomfortable. Adding to that point, Amazon could possibly put physical gaming consoles on the endangered-species list. Rather than producing its own console, an Amazon streaming service would store the energy-intensive hardware in-house. This allows the tech company to transmit data through the internet. Two advantages readily stand out. First, such a mechanism will entirely forego a physical console. This saves space and cost for the gamer. Second, streaming allows consumers to enjoy graphically intense games on smaller devices like smartphones or tablets. If that's the case, Sony and Microsoft are futilely spinning their wheels developing their next-generation consoles. ### Amazon Streaming Service Is Not Practically Feasible On a surface level, the bullish argument for video game streaming as a catalyst for Amazon stock is extremely convincing. Apparently, it's a no-brainer. Considering the rapid proliferation of gaming culture, the e-commerce giant has another guaranteed money-maker on its hands. But does it really? While I generally have a positive view on AMZN stock, I'm not entirely convinced that Amazon's video game streaming service will get the job done. The venture might even lose money for the vaunted organization. We must consider why consoles exist in the first place. Essentially, they are purpose-driven computers: their entire functionality revolves solely on gaming. Additionally, these devices utilize graphics processor units (GPU) from leading companies like Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA). GPUs are processors designed to accommodate the intensive data requirements of today's top video games. Amazon intends to replace this physical platform through streaming. Even with 5G technology, this is an ambitious undertaking. More critically, Amazon's intended input devices -- smartphones, tablets, TV controllers -- don't work well with most modern games. For example, a "Call of Duty" game is tough enough as it is on a traditional console and dedicated controller. I can't imagine the frustrations involved playing that on my iPhone. ### Bottom Line on AMZN If you're asking me about my overall opinion on Amazon stock, I maintain my long-term bullishness. AMZN already changed how we shop. Eventually, it will shape how an entire generation lives. But as a gamechanger in gaming? I'm not sure I can buy into that story. Amazon may think it can stream state-of-the-art video games from its data center. But when Sony and Microsoft continue to pound out successor consoles, eventually, the inherent advantages of having a dedicated (and decentralized) platform will outweigh the conveniences of a streaming setup. As long as management keeps expectations in check, and doesn't go overboard with expenses, this new venture could work. But if they think they can topple the alpha dogs in this sector, they're in for a rude awakening. As of this writing, Josh Enomoto is long SNE. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post Amazon's Streamed Gaming Service Is Neat, But It's Not a Disruption appeared first on InvestorPlace.
When Sony CEO Kenichiro Yoshida stepped on stage, he laid out that he planned to "shift our gears" and showcase the company's involvement in more creative endeavors. At a show famed for hardware announcements, the company sidelined its own news. Remember: Sony cancelled its plans for the E3 gaming show this year.