52.17 +0.79 (1.54%)
Pre-Market: 5:20AM EDT
|Bid||52.11 x 100|
|Ask||52.39 x 100|
|Day's Range||50.60 - 52.10|
|52 Week Range||33.23 - 54.36|
|PE Ratio (TTM)||25.82|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||1.20 (2.33%)|
|1y Target Est||54.22|
Like much of the tech sector, Intel Corp. is banking its future on strong growth in cloud computing, as the chip maker seeks to make up for lagging sales in its core legacy business amid stronger competition....
Jim Keller, the head of Tesla Inc.’s ( TSLA) Autopilot unit, has become the latest high profile executive to leave the electric car maker. In a statement to Electrek, Tesla confirmed that the chip architect quit his role as the company’s vice president on Tuesday to focus exclusively on his core passion of microprocessor engineering. Sources speaking with Electrek and The Wall Street Journal said that Keller is now set to join Intel Corp. ( INTC).
Pete Bannon, who has been with Tesla for over two years and has previously overseen Apple Inc's (AAPL.O) A5 chip develop through to the A9 chip, will succeed Keller, a Tesla spokeswoman told Reuters in an emailed statement. Keller will be joining Intel Corp (INTC.O), the Wall Street Journal reported, citing sources. Tesla declined to comment on this, while Intel was not immediately available for comment on the WSJ report.
Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company. Pete Bannon, who has been with Tesla for over two years and has previously overseen Apple Inc's A5 chip develop through to the A9 chip, will succeed Keller, a Tesla spokeswoman told Reuters in an emailed statement. Keller will be joining Intel Corp, the Wall Street Journal reported, citing sources.
Led by Amazon, technology giants are teeing up to report earnings as well as iQiyi, the tech IPO called the Netflix of China.
Advanced Micro Devices Inc. forecast sales that suggest it’s making progress winning market share in computer processing from Intel Corp. Chief Executive Officer Lisa Su now needs to back up AMD’s claims that they are a leap forward in performance with earnings numbers that demonstrate computer makers and buyers agree and are switching orders away from Intel. AMD’s shares jumped more than 8 percent in extended training.
Intel is facing unique pressure from investors who are concerned that the semiconductor market is in store for a correction, so its first quarter fiscal 2018 earnings report will carry plenty of weight on Thursday afternoon.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 57 years ago, Intel Corporation (NASDAQ: INTC ) co-founder Robert Noyce was ...
The industry, which began in 1960 when fabricating semiconductors became feasible, grew from a $1 billion industry in 1964 to a $412 billion industry by the end of 2014. The semiconductor industry is dominated by some very large players with distinct niches and advantages. Advanced Micro Devices Inc. (NASDAQ: AMD) has historically been one of the significant players in the semiconductor industry.
According to The Verge, Facebook (FB) is looking to make its own processors to power smart speakers and other hardware devices. As a result, the social media company is forming a team to design its own hardware chips and is also looking for a manager who can help build an end-to-end SoC/ASIC,1 firmware, and driver development organization.
Though the overall tech sector is poised to shine in Q1 earnings, this does not ensure earnings beat for all companies in the space. Let's see what's in store for these tech stocks.
Chip maker will seek to convince investors once again that crypto accounts for just a sliver of revenuesAFP/Advanced Micro Devices chips power crypto mining. Cryptocurrency mining, once a reason to cheer Advanced Micro Devices Inc., now has Wall Street worried. The use of AMD’s (AMD) graphics processing units for crypto mining proved a surprise benefit to investors when the crypto market was booming.
In addition to revenue and EPS figures, keep an eye on the growth rates turned in by various businesses.
Advanced Micro Devices (AMD) is launching its complete line of Ryzen CPUs (central processing units) in 2018. With this, AMD would compete with Intel (INTC) in almost every segment of the PC market. Intel is transitioning away from the PC-centric business to become a data-centric business, which means that it wouldn’t compete as fiercely as it did in the past.
Futures indicated further selling as the 10-year Treasury yield rose above 3%. Chip giant Texas Instruments jumped on strong earnings and guidance.