|Bid||46.90 x 800|
|Ask||46.91 x 4000|
|Day's Range||46.52 - 47.12|
|52 Week Range||36.85 - 57.60|
|PE Ratio (TTM)||16.96|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||1.20 (2.64%)|
|1y Target Est||55.81|
Stifel increases its price target to $38 from $21 for AMD shares, citing strong demand for its new products. "We believe AMD shares deserve a higher P/S valuation due to expanding GM [gross profit margin] driven by traction across the company's new products, management's solid execution and delayed competitive response from Intel," the firm's analyst Kevin Cassidy says. Stifel is getting more bullish on AMD AMD shares because of the chipmaker's rising profit margins and market share gains.
The " Fast Money " traders shared their first moves for the market open. Pete Najarian was a buyer of Intel INTC Tim Seymour was a buyer of VanEck Vectors Oil Services ETF Dan Nathan was a seller of ...
Shares of Advanced Micro Devices Inc. rallied 2% in premarket trade Thursday, after Stifel Nicolaus analyst Kevin Cassidy raised his price target by 81% to $38 from $21, citing increased optimism regarding market share gains. Cassidy's target, which is 22% above Wednesday's closing price of $31.21, is now the third highest among the 31 analysts surveyed by FactSet; FBN Securities and Rosenblatt Securities both have $40 price targets. Cassidy said that since he upgraded AMD to buy in April, management has continued their "stellar performance" of executing to plan. He said the 7-nanometer EPYC server chip is sampling to customers, which is expected to generate revenue beginning in the second-half of 2019. "Meanwhile, Intel not only hasn't had a competitive response but is likely struggling to meet demand," Cassidy wrote in a note to clients. "This opens the door for continued market share gains by AMD, in our view." AMD's stock has tripled year to date (up 203.6%), while Intel shares are little changed and the S&P 500 has gained 8.8%.
The worst of the group is Intel INTC , down 19 percent from its all-time high in early June and one of just two Dow stocks negative this quarter. Other components in a correction include 3M MMM , Goldman Sachs GS , Walmart WMT and IBM IBM . Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management, is bullish on DowDuPont DWDP and the index's newest member, Walgreens Boots Alliance WBA .
The Zacks Analyst Blog Highlights: Advanced Micro Devices, Intel, Cisco, Hewlett Packard Enterprise and NVIDIA
Organizations Are Gearing Up for More Ethical and Responsible Use of Artificial Intelligence, Finds Study
The most eagerly anticipated earnings release of the month comes out September 20 after the market closes. Micron (NASDAQ:MU) will deliver its results for the quarter ending in August, and the whole technology marketplace could rise or fall on the earnings report from MU stock. Is MU Stock Cheap? At its current $45 price, Micron stock is super cheap.
The former Intel president emerged back on the chip manufacturing scene earlier this year with Ampere Computing, a company taking aim at Intel's lucrative data center business.
have fallen steadily over the past five sessions, there is reason to believe in the stock, according to a Morgan Stanley note. Analyst Joseph Moore's bullish outlook still suggests a downside for the stock, which was declining 2.3% to $31.20 on Wednesday, September 19. new 10 nm CPU is more disruptive than many in the industry realize, leaving an opening for AMD and rival Taiwan Semiconductor Manufacturing Co.
Microsoft (MSFT) wants to expand its innovation in the field of AI, blockchain, IoT (Internet of Things), and data analytics. The evolution of high-speed 4G Internet service and shifting workloads from on-premise to the cloud platform by most of the organization has increased the demand. Connected devices’ growth is creating more opportunities for Microsoft.
Morgan Stanley's Joseph Moore maintained an Underweight rating on AMD with a price target lifted from $11 to $28. Intel argued over the past few years that its process leadership would translate into a sustainable performance advantage across multiple markets, Moore said in a Tuesday note. Intel's ongoing delays in its 10 nm processors are now looking more disruptive for the company than previously assumed, as it is impacting existing roadmaps, Moore said.
Micron Technology (MU) has been focusing on the data economy. In the data economy, innovation is growing in the areas of IoT (Internet of Things) and AI at the edge. Micron’s EBU (embedded business unit) offers a micro SD card that can continuously record for three years at only 10% of the ownership costs of other products.
In September, Microsoft (MSFT) bought Lobe—a startup AI firm. The deal’s financial terms weren’t revealed. Usually, developing the AI model is very complex. So, the acquisition will help users create machine learning models by using a simple drag-and-drop interface. There won’t be as much code writing required. Lobe will offer flexibility for the users since it follows an open source standard supporting multiple platforms.
Micron Technology (MU) is looking to tap the data economy, where the data center provides a significant opportunity. Everything from mobile to PC to cars to smart devices could be connected to the cloud, and the cloud could store the data collected by these devices, increasing the need for NAND (negative-AND) storage.
The Trump administration announced a new round of tariffs on China set to go in effect next week. Many Oregon businesses weighed-in on the anticipated effects.
Advanced Micro Devices (AMD) has been on a roll lately. While other tech stocks have been falling, the chip maker’s stock has gained a whopping 70% in the past month. The stock has more than tripled in value YTD (year-to-date). It’s now trading at a 12-year high.
A new study shows that business leaders are taking steps to ensure responsible use of artificial intelligence (AI) within their organizations. Most AI adopters – which now account for 72 percent of organizations globally – conduct ethics training for their technologists (70 percent) and have ethics committees in place to review the use of AI (63 percent). AI leaders – organizations rating their deployment of AI “successful” or “highly successful” – also take the lead on responsible AI efforts: Almost all (92 percent) train their technologists in ethics compared to 48 percent of other AI adopters.
When it comes to the chip space, much of the attention has been on Advanced Micro Devices (NASDAQ:AMD) lately, whose stock has been on a powerful bull run. Note that last week Needham analyst Rajvindra Gill published a report, which included an increase in the price target from $325 to $350. This implies 27% upside for Nvidia stock.
Likewise, Appaloosa Management’s David Tepper isn’t necessarily wrong to continue plowing into an ever-bigger stake in Micron stock. The world’s computers, servers and mobile devices need more and more memory, and Micron is the creme of the crop of the DRAM market. Certainly there will come a time when Micron stock bounces back from what’s become more than a 30% setback from its late-May peak.
Verizon (VZ) is looking beyond the home market for its 5G (fifth-generation) service. Verizon 5G Home, the name of the company’s 5G service for home users, is slated to go live in parts of the United States next month. As it prepares to launch what may be America’s first 5G service, Verizon is also exploring ways to reach business customers.
Micron Technology (MU) has braced itself to withstand the challenge of falling memory prices by improving its cost competitiveness and increasing its mix of high-value solutions from the supply side. Now let’s look at the demand side of memory.
Ampere said the new chips, which cost $550 to $850, have been selected by Lenovo Group Ltd and several other companies that make servers, which power Internet-based services. The server chip market is dominated by Intel, which controls more than 90 percent of the market.
Shares of Advanced Micro Devices Inc. are up 1.6% in premarket trading Tuesday after Mizuho analyst Vijay Rakesh raised his price target to $36 from $20 overnight. He is increasingly upbeat about the stock following meetings with original equipment manufacturers and distributors in the PC supply chain. He thinks it's possible the company will endure "some near-term bumps" but is optimistic about the company's Epyc server ramp and its ability to capitalize on the fact that Intel Corp. is still in flux without a chief executive. Rakesh also raised his price target on Nvidia Corp.'s stock to $295 from $280 after his supply-chain meetings. Nvidia's stock is up 0.5% in premarket trading. AMD shares have gained 148% over the past 12 months, while the S&P 500 has risen 15%.