182.20 -4.71 (-2.52%)
After hours: 7:59PM EDT
|Bid||181.66 x 800|
|Ask||182.32 x 1000|
|Day's Range||183.70 - 190.45|
|52 Week Range||124.46 - 292.76|
|Beta (3Y Monthly)||2.37|
|PE Ratio (TTM)||28.19|
|Earnings Date||May 15, 2019|
|Forward Dividend & Yield||0.64 (0.36%)|
|1y Target Est||186.74|
Apple's Earnings Could Fall after Rising for Nine Quarters(Continued from Prior Part)Analysts on Apple stock According to the latest data compiled by Reuters, 52% of analysts covering Apple (AAPL) gave it a “buy” recommendation. The remaining 44%
As of March 31, 2019, the ("NAV") of the Parnassus Endeavor Fund -- Investor Shares was $34.19, so the total return for the quarter was 18.43%. This compares to 13.65% for the S&P 500 Index ("S&P 500") and 13.14% for the Lipper Multi-Cap Core Funds Average, which represents the average return of the multi-cap core funds followed by Lipper ("Lipper average"). For the quarter, the Fund earned more than five percentage points more than the Lipper average and almost five percentage points more than the S&P 500.
Intel has laid off "several dozen" employees at its Santa Clara autonomous driving research lab as the chipmaker consolidates more of its work on self-driving technology at its operations in Israel.
CEO Elon Musk took the stage with the automaker's top autonomous driving team members to show its investors and the world how far the automaker has come. During the lengthy presentation -- which came just two days before Tesla's earnings miss -- management showed off the new chip it has been working on for three years. Tesla also said it's building current cars with the necessary hardware for full self-driving capabilities and believes those capabilities will be rolled out by the end of 2019 once the software improves.
Corporate profit expectations for the first quarter are muted, with most analysts bracing for S&P 500 profits to decline for the first time since the second quarter of 2016. Semiconductor and semiconductor ...
Advanced Micro's to gain from release of Radeon RX Vega family of GPUs and alliance with companies like Baidu, Amazon, Tencent, Microsoft and JD.com.
Credit has to be given where it's due. Advanced Micro Devices (NASDAQ:AMD) stock has made the comeback CEO Lisa Su promised when she took over the reins in 2014. AMD stock has been a champ too, up nearly 1,500% since its early 2016 low as Su's plans became reality.Source: Matthew Rutledge via FlickrThe financial metrics further confirm the bullishness. AMD is profitable again. Last year's top line of $6.5 billion is remarkably better than 2015's revenue of $4 billion.The turnaround -- perhaps more of a rekindling -- may prove to be the easy part of Su's time at the helm, however. Now past the shell-shock of seeing their upstart rival become a threat again, Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) have regrouped.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell Before They Give Back 2019 Gains That's a problem for current and would-be owners of AMD stock too. The market is pricing in a sales and earnings rebound later this year that may not take shape as expected. No More Low-Hanging FruitThe short version of a long story: Advanced Micro Devices got sloppy. Its string of developments that aimed to chip away at rivals' market share ended up misfiring. Between early 2010 and late 2012, AMD stock had fallen from a price of above $10 to less than $2, reflecting waning fiscal results. Nvidia and Intel, meanwhile, came up with the right GPUs and CPUs, respectively, at the right time.Matters have been different since 2016, when AMD's Ryzen CPU was launched, followed by its Vega GPUs. Almost as good as its competitors' wares in terms of performance, but at a much friendlier price, Advanced Micro Devices restored its stature as a serious player.The next couple of years may not be as compelling as the last couple have been, though.It's difficult to pinpoint the exact cause as more than one may exist. Whatever the case, the earnings report AMD is slated to post next week is expected to log a third consecutive sequential decline in sales as well as earnings. Analysts project revenue to slide almost 24%, from $1.65 billion to $1.26 billion. Additionally, they expect profits to shrink from 11 cents to 5 cents per share of AMD stock. Click to EnlargeAn implosion of the cryptocurrency market is a contributing factor. The upgrade cycle is also in a slow patch now. Many corporate and retail consumers shelled out cash a year ago to take advantage of some technological advances.However, analysts don't expect that lull to last much longer. Given the way shares are rallying now, investors appear to believe them.There's the rub. High Hopes for Advanced Micro DevicesAdmittedly, Advanced Micro Devices has some cool tech lined for a latter-2019 launch. Namely, new 7-nanometer chips are on the way. Its "Rome" server CPUs will begin shipping in the middle of this year, while its third-gen Ryzen processors built on Zen 2 architecture should become available later this year.But it remains to be seen just how much pent-up demand is actually waiting for these and other new technologies. Up until the final quarter of 2018, data center spending has remained robust over the past couple of years. Consequently, for the majority of buyers, Intel was the choice provider. Furthermore, enterprises may not be ready for a wave of upgrades or additional capacity just yet. Certainly, they don't want to switch to an altogether new architecture.To that end, Gartner forecasted in November that spending on data centers would only grow 1.6% in 2019.If Advanced Micro Devices is going to meet expectations for the second half of the year, it must win far more than its fair share of that tepid growth. That can only be driven by an AMD-specific feature of its server processors that no enterprise-level buyer has yet to publicly identify.As for consumers, sales of new PCs perked up again late last year, sparking some fresh demand for GPUs.The first quarter's PC sales, however, renewed the years-long downtrend, reaching a multi-year low tally of 58.5 million units. Consumers have arguably upgraded their machines as much as they're going to for a while. This is particularly true in the absence of a new operating system from Microsoft (NASDAQ:MSFT). Bottom Line for AMD StockIt's not a call for the demise of AMD, though some die-hard fans will certainly interpret it as such. Rather, it's simply a caution that the bar is set pretty high for the second half of the year. Nobody is fully fleshing out the actual demand picture that will drive 6% sales growth for 2019. Plus, the ramp-up in AMD's revenue by nearly 21% next year when Intel finally brings its next-gen CPUs to the market seems a tad unrealistic. Click to EnlargeEven "only" growing at half of its expected pace would still be solid results, to be clear. But with AMD stock already priced at 29.5 times next year's expected earnings, anything less than meeting those targets could easily upend this overheated rally.Bottom line: Caution -- even more caution than usual -- is advised. Advanced Micro Devices isn't a story stock any longer. It's graduated to a "show me" state. More critically, it may not be showing the market enough in the very foreseeable future.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post Investors Are Betting on a Big Second Half for AMD Stock appeared first on InvestorPlace.
XLNX and LRCX Move in Opposite Directions after Earnings(Continued from Prior Part)Xilinx’s earnings highlights On April 24, Xilinx (XLNX) and Lam Research (LRCX) announced their fiscal earnings for the quarter, which ended in March 2019. For ease
While semiconductor stocks have rallied nearly 40% this year, top names like Nvidia and Micron are still far from their 52-week highs.
Macro Updates: Record Highs, US-China Talks, and More(Continued from Prior Part)US-China trade talksThe United States (SPY) and China (FXI) have held six rounds of trade talks after US President Donald Trump and Chinese President Xi Jinping agreed
TSMC's Q1 Earnings Signal Beginning of Semiconductor Growth(Continued from Prior Part)TSMC’s revenue by applicationTSMC (TSM) is the world’s largest foundry and manufactures chips for all major end markets. The foundry divides its revenue into
TSMC's Q1 Earnings Signal Beginning of Semiconductor Growth(Continued from Prior Part)TSMC’s first-quarter revenue TSMC (TSM) is the world’s largest foundry and earns revenue by manufacturing chips for semiconductor designers at its fabrication
TSMC's Q1 Earnings Signal Beginning of Semiconductor GrowthTSMC’s first-quarter earnings bottom out TSMC (TSM) is the world’s largest semiconductor contract manufacturer. It serves a host of chip designers including Apple (AAPL), NVIDIA (NVDA),
As most companies in this space are expected to deliver an earnings surprise, the semiconductor ETFs therefore might continue to see smooth trading in the weeks ahead.
The Latest Buzz from the Semiconductor Sector: QCOM, INTC, AVGO(Continued from Prior Part)Omnitek technology to complete Intel’s programmable chips businessThis month Intel (INTC) announced the acquisition of British programmable chip maker
We’re incredibly proud of the programming we put together for this year’s TC Sessions: Robotics + AI. It’s my personal favorite TechCrunch event and I think this year’s way easily our best.We had top names in the industry like Marc Raibert, Claire Delaunay, Colin Angle, Anthony Levondowski and Melonee Wise join us on stage.
"All Tesla cars being produced right now have everything necessary for full self-driving," CEO Elon Musk said at the event. Three years ago, the company began working on its own chip dedicated solely to powering autonomous driving functions. The plan is to have full autonomous driving capabilities rolled out by year's end and to have a fleet of robotaxis operating in 2020.