47.10 -0.07 (-0.15%)
After hours: 6:22PM EDT
|Bid||47.10 x 900|
|Ask||47.22 x 2900|
|Day's Range||47.05 - 47.95|
|52 Week Range||34.38 - 57.60|
|PE Ratio (TTM)||17.01|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.20 (2.40%)|
|1y Target Est||56.22|
Intel wants to bring more artificial intelligence technology into all aspects of its business, and today it is stepping up its game a little in the area with an acquisition. The computer processing giant has acquired Vertex.AI, a startup that had a mission of making it possible to develop "deep learning for every platform", building a deep learning engine called PlaidML to do this. Terms of the deal have not been disclosed but Intel has provided us with the following statement, confirming the deal and that the whole team -- including founders Choong Ng and Brian Retford -- will be joining Intel.
ARM-based laptops have been pretty pokey to date, but you might have a different impression of them in a year or two. The company has offered a rare peek at the performance expectations for its future processor architectures, and the figures might make Intel nervous. While ARM already believes that its recently unveiled Cortex-A76 is competitive with Intel's 2.6GHz Core i5-7300U, it expects its 2019 "Deimos" and 2020 "Hercules" designs to clearly outperform that CPU.
One of the most basic – and challenging – building blocks of an autonomous vehicle system is the ability to detect and classify objects. A vehicle must be able to accurately assess its surroundings before safely adjusting to traffic, roadway regulations or obstacles.
If you’re not sure what to make of Advanced Micro Devices (NASDAQ:AMD) here in the shadow of an 1100% gain from AMD stock over the course of the past three years (and a doubling just since early April), you’re not crazy. To that end, if a newcomer to Advanced Micro Devices is weary of diving into a new trade simply because the water you’d be diving into isn’t entirely clear, here’s a quick primer that might put things in perspective. On the off chance you’re reading this and haven’t yet put two and two together, Advanced Micro Devices is in the middle of a turnaround story.
Applied Materials (AMAT) is seeing growing adoption of its existing technologies in new applications. AMAT’s AGS (Applied Global Services) division helps semiconductor and display manufacturers ramp up their production of new equipment, improve equipment yield and performance, and optimize output and operating costs. With the broadening of markets for its existing technologies, it is also broadening its service offerings.
As a result, investors targeted U.S. big-cap tech stocks, which have single-handedly bolstered broad market averages in recent months. Facebook (NASDAQ:FB) shares are testing back below their 200-day moving average, succumbing to new post-earnings selling pressure after the company reported weaker-than-expected user growth and warned of constrained profit margins going forward. The spell of “social forever” was broken, as investors realized Facebook’s best days may now be behind it.
Applied Materials (AMAT) is witnessing the impact of the AI and big data era with strong growth in the cloud market. During its fiscal second-quarter earnings call, AMAT’s CEO, Gary Dickerson, stated that CSPs (cloud service providers) have significantly increased their capital investments. The top seven CSPs increased their capital spending by 40.0% YoY (year-over-year) in 2017 compared to 30.0% YoY in 2016.
U.S. stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey's currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018. While the lira continues to pull back from record lows against the dollar, Turkey on Wednesday doubled tariffs on some U.S. imports including alcohol, cars and tobacco in retaliation to U.S. moves.
For years, U.S. tech giants have lobbied for more highly skilled foreign workers to join in their hiring sprees. According to numbers crunched by the National Foundation for American Policy, these companies are finally getting a boost in lottery-based H-1B visas.