38.56 0.00 (0.00%)
After hours: 6:22PM EST
|Bid||38.58 x 1800|
|Ask||38.57 x 2200|
|Day's Range||38.34 - 39.37|
|52 Week Range||16.03 - 39.37|
|Beta (3Y Monthly)||3.06|
|PE Ratio (TTM)||201.88|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.87|
Santa Clara-based Nuvia says it will make data venter processors that are faster, more power efficient and more secure than what currently exists. here's more on that and other Bay Area venture news from the end of the week.
Investing.com – The good times are returning to data-center products as clients are set to ramp-up spending, likely leading to higher deamnd for AMD’s chips, RBC said as it upgraded its price target on the chipmaker Friday.
Advanced Micro Devices rises after an analyst at RBC Capital Markets increases his price target for the semiconductor maker to $50 from $44.
(Bloomberg) -- Nvidia Corp. reported quarterly sales that topped analysts’ estimates, but the chipmaker gave a tepid forecast that suggests demand for gaming graphics chips is recovering slower than predicted.Revenue in the fiscal third quarter was $3.01 billion and profit excluding certain costs was $1.78 a share, the company said. Wall Street was looking for earnings of $1.57 a share on sales of $2.9 billion, according to data compiled by Bloomberg.Revenue in the fiscal fourth quarter will be $2.95 billion, plus or minus 2%, the Santa Clara, California-based company said in a statement Thursday. That compares with an average analyst estimate of $3.1 billion. Gross margin, or the percentage of sales remaining after deducting the cost of production, will be 64%, plus or minus 50 basis points.Nivdia said it expects "strong sequential growth" in its data center chip business, offset by a seasonal decline in sales of GeForce notebook graphics chips and other components for gaming systems.Nvidia shares rose 1% extended trading following the report. Earlier, they closed at $209.79 in New York.Chief Executive Officer Jensen Huang has almost doubled the market value of Nvidia since 2017 by finding new customers for gaming chips. But the majority of sales still comes from that market. The use of graphics chips to speed up artificial intelligence software in data centers has been the biggest driver of new growth.Before Thursday’s results, Nvidia had posted three straight quarters of declining revenue as customers accumulated unused chips and didn’t need to buy as many new ones.Nvidia’s GeForce chips are particularly popular with serious video-game players who will spend more than the price of a laptop on just one component for their machines. That has helped Nvidia dominate this profitable market. This year, Advanced Micro Devices Inc. introduced new chips -- particularly for more affordable systems -- that are more competitive.In data centers, while Huang’s company pioneered the use of accelerators to help with AI work, other companies have designed rival components, including the owners of data centers themselves, such as Google.To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair Barr, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Advanced Micro Devices Inc. (AMD) jumped 81 cents to $37.52 on 67 million shares traded Wednesday. Amarin Corp. PLC (AMRN) followed through on Wednesday, up 55 cents to $21.49 after popping 23% on Tuesday. An FDA advisory committee is scheduled to meet today to help decide the fate of the company’s fish-derived cardiovascular drug.
In the recent series of record highs, the S&P 500 crossed the 3,100 level for the first time ever. We have highlighted 10 best performing stocks in ETF that tracks this index.
Intel stock has been battered by product missteps, rising competition and a downswing in chip demand. Here is what the fundamentals and technicals say about the chipmaker's shares.
While it was a relatively quiet day in the stock market, Wednesday featured several big individual movers. Let's look a few of them as our top stock trades. Top Stock Trades for Tomorrow No. 1: Advanced Micro Devices (AMD)Shares of Advanced Micro Devices (NASDAQ:AMD) again pushed to new highs. That should come as little surprise, as this name has been displaying strength for quite some time. So have semiconductor stocks as a whole.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe recent move has been nothing short of impressive. Shares finally exploded over the $34.30 area, while doing an excellent job consolidating its gains above $36. After forming a short-term wedge (purple lines), the stock is again putting up strong gains.For bulls just joining in, they're a little late to the party. Shares remain overbought and the question now becomes when and how far the stock corrects, not whether it will. * 7 Great High-Yield Stocks With Payouts Over 5% Honestly, it would have been more ideal to see shares correct now. It would unwind the overbought condition, while possible hitting the rising 20-day moving average. I'm looking for the latter to act as potential support when the stock does eventually correct.Otherwise, I'd love to see a test of the $34.30 to $35 area and see former resistance turn to support. Top Stock Trades for Tomorrow No. 2: Canada Goose (GOOS)Canada Goose (NYSE:GOOS) has not had the easiest time as a public company. For all of 2019, the stock has continued to make a series of lower highs, a bearish technical development. On the plus side, the stock was also starting to put in some higher lows over the past few months.That series of higher lows and lower highs formed a wedge pattern (blue lines). Bulls were hoping that shares would breakout of that range, something GOOS stock tried to do last week.With Wednesday's earnings reaction though, shares are resolving lower. Now bulls need to be patient and see where support comes into play. If the June low of $31.67 is taken out, GOOS could be in trouble. Top Stock Trades for Tomorrow No. 3: Fastly (FSLY)Fastly (NYSE:FSLY) shares reported solid earnings last week and erupted higher. However, resistance batted the name lower and discouraged many investors with its lower finish on the day.But on Wednesday, the stock jumped more than 10%, as bulls wrestle for control.Shares are reclaiming the 8-day and 20-day moving averages, and are flirting with a move over downtrend resistance (blue line). $22 has been a tough hurdle for the stock and Wednesday's action is proving as much.Over that mark, the 50-day moving average is the next immediate upside target. Top Stock Trades for Tomorrow No. 4: Datadog (DDOG)Like Fastly, Datadog (NASDAQ:DDOG) stock is jumping higher Wednesday, up over 15% at one point.Unlike FSLY though, DDOG was able to surge to new highs on Wednesday's move. However, that same $41.50 area remains a no-go for the stock at the moment. Now what?Bulls will want to see Datadog hold onto Wednesday's gains, which can be accomplished by holding up over the 78.6% retracement. That should give the stock plenty of cushion for a potential move higher. A drop below Wednesday's low and DDOG would need more time to develop. Top Stock Trades for Tomorrow No. 5: Disney (DIS)I do not usually cover the same stock in a very short period, but Disney's (NYSE:DIS) big rally on Wednesday deserves another look.We told bulls that the must-hold level is the 100-day moving average. DIS did just that, erupting through the post-earnings high on Wednesday and climbing into the mid-$140's. From here, over $145 puts the prior high of $147.15 on the table. Above that and $150 is possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long FSLY and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks to Buy for the Rest of 2019 * 7 Biotech Stocks to Buy With Plenty of Power in the Pipeline * 5 Stocks to Buy That Are Set for Monster Growth in 2020 The post 5 Top Stock Trades for Thursday: AMD, GOOS, FSLY,Â DDOG, DIS appeared first on InvestorPlace.
Advanced Micro Devices Inc. shares touched their highest price in more than a dozen years Wednesday and have more than doubled over the year. AMD shares were last up 2.4% at $37.58, after touching an intraday high of $37.96, their highest price since March 21, 2006, when shares priced at $38, according to FactSet data. Year to date, AMD shares are up nearly 104%, making them 2019's best performer so far on the S&P 500 index , which is up more than 23%. Second and third place go to chip-equipment makers Lam Research Corp. and KLA Corp. , respectively, shares of which have nearly doubled over the year. The PHLX Semiconductor Index is up 50% year-to-date. Shares of AMD rival Nvidia Corp. , which reports earnings on Thursday, are up nearly 57% for the year. AMD announced Wednesday that Apple Inc.'s new 16-inch MacBook Pro will feature the company's 7-nanometer Radeon Pro 5500M and 5300M mobile graphics processing units.
The three major U.S. stock market indexes hovered near their break-even points as Fed Chairman Jerome Powell testified before Congress and the House of Representatives began its first day of televised impeachment hearings.
AMD (AMD) today announced that the latest Apple MacBook Pro features the new AMD Radeon™ Pro 5500M and 5300M mobile GPUs. AMD Radeon™ Pro 5000M series are the first 7nm discrete mobile GPUs for professional users, leveraging industry-leading process technology and powerful AMD RDNA architecture to provide groundbreaking levels of graphics performance for video editing, 3D content creation and macOS-based game development. AMD Radeon™ Pro 5000M series mobile GPUs are built upon the all-new AMD RDNA architecture, designed from the ground up for superior performance, scalability and power efficiency.
Qualcomm, GoPro, NVIDIA, Microsoft and Micro Devices highlighted as Zacks Bull and Bear of the Day
TECHTRADERDAILY BLOG (AMD) shares reached a new high for the year after it said Tencent will use its latest server chips. AMD stock (ticker: AMD) has risen about 100% year-to-date through Tuesday afternoon, versus the S&P 500’s 24% return.
The stock market rally showed resilience Monday, with Tesla, Lululemon and Acadia Pharmaceuticals clearing buy points. AMD, JD.com and Alibaba held in buy zones.
Reddit’s Wall Street Bets group learned a valuable lesson in responsible investing this week and, after years of encouraging and celebrating extreme risk-taking, the crew has finally embraced a more conservative approach. Just kidding. YOLO!
Nvidia (NASDAQ:NVDA) fell from grace last October into a 57% correction where Nvidia stock lost more than half its value. At the peak, the love for NVDA on Wall Street was extreme. All experts agreed at the time that it belonged in every portfolio. But what ensued was a tremendous correction that overshot to the downside. After all the damage was done, Nvidia stabilized at the breakout neckline from May of 2017.Source: Al Medwedsky / Shutterstock.com Since then, the stock has been setting higher-lows in an effort to recover prior glories. But it still has a long way to go.NVDA didn't fall alone, the whole stock market also tripped at the same time in October of 2018. But the difference is that the indices are back to new all-time highs, whereas Nvidia stock just got back to the 50% retracement level.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Medical Marijuana Stocks to Cure Your Portfolio And for those who follow Fibonacci, this is not an ideal place to start a bullish position. Even though it is in a breakout off $140 per share, going into its earnings management will need to deliver a very bullish outlook for the stock to rally much further from here.If I have profits in the stock, I would lock them in going into the binary event. Wall Street investors are fickle around earnings. And the subsequent moves more often than not involve sentiment rather than facts.Then there is the matter of geopolitical risk. The chip stocks are very sensitive to the rhetoric from the economic war with China. And lately the politicians have been cordial on the subject, but this can flip on a dime. However going into an election season, the U.S. is more likely to loosen the reins on the deal with China. So what has been holding down the sector and stocks like Nvidia, Advance Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC) may be abating. Nvidia Stock: Timing Is Crucial This Coming WeekThere is more upside to come in NVDA stock, but it's more about timing. The zone through $220 per share is resistive. But the reins are in the hands of the bulls for as long as it stays above $180 per share. So even if there is a dip on the earnings event, it would make for a good entry point for a bounce. And maybe the next leg higher would break through the resistance above. The important thing is that technically it continues to set higher-lows in order to continue the bullish progress in the stock. It is also important that management doesn't deliver surprisingly bad news.AMD has been the chip champ as it just set new highs. Intel comes in a close second as it has completely recovered from last year. Nvidia is still lagging as it needs another 40% rally from here to reach its October accident scene. So maybe it has a catch-up play in the making but one that could be made or broken the morning after the earnings.This is a good company with good products in an industry that will be in high demand for decades. But it is not cheap. It has a price-to-earnings ratio of 54 and sells at 11 times sales. This is three times more expensive than INTC, but gives AMD a run for its money there. They are both frothy, so there is some fat to trim, especially if the headlines sour once more.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Timing With Nvidia Stock Is Crucial Going Into Earnings appeared first on InvestorPlace.
Advanced Micro Devices stock has been rising recently as the chipmaker returned to sales and earnings growth. Here is what fundamentals and technical analysis say about buying AMD stock now.
On CNBC's "Mad Money Lightning Round," Jim Cramer said both Home Depot Inc (NYSE: HD ) and Lowe's Companies, Inc. (NYSE: LOW ) are fine. Cramer would stay away from American Outdoor Brands Corp ...