|Bid||231.6000 x 900|
|Ask||231.8800 x 800|
|Day's Range||227.0700 - 235.3200|
|52 Week Range||180.5800 - 292.7600|
|Beta (3Y Monthly)||2.05|
|PE Ratio (TTM)||33.86|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||0.60 (0.26%)|
|1y Target Est||297.70|
Goldman Sachs analyst Toshiya Hari reiterated his 'Buy' rating for Nvidia and added the chip-maker to Goldman’s 'Conviction Buy' list.
Specifically, analysts at Nomura Instinet upgraded the stock to buy from neutral and assigned a $50 price target. The firm's price target represents about 13% upside from current levels. It's worth pointing out that the price target is still significantly below Intel's 52-week high of $57.60.
This year has been slow for semiconductor stocks due to growing trade tensions between the United States and China. The stock market has witnessed three sell-offs in 2018 so far: one on February 8, one on March 23, and one on October 11, Advanced Micro Devices (AMD) and its peers Intel (INTC) and NVIDIA (NVDA) were not much affected by the first two sell-offs, as they enjoyed strong demand momentum in the CPU (central processing unit) and GPU (graphics processing unit) spaces.
Advanced Micro Devices (AMD) earns revenue by selling CPUs (central processing units), GPUs (graphics processing units), and APUs (application processing units) for PCs, data centers, game consoles, and embedded devices. In 2018, it adopted a new accounting standard that shifted its game consoles’ seasonal revenue from the third quarter to the second quarter. That boosted its second-quarter revenue 53% YoY (year-over-year), its highest double-digit YoY growth for quite some time. It was also the eighth consecutive quarter of double-digit YoY growth.
As most of the companies in the space are less likely to beat on earnings, semiconductor ETFs might continue to trade sluggishly in the weeks ahead.
Day traders looking to make a quick buck buying and selling bitcoin might be better off switching lanes as volatility in the world’s largest digital currency continues to decline.
After years of silence, Advanced Micro Devices (AMD) stock gained momentum in 2016. Growth came as AMD started gaining market share in the PC and server CPU (central processing unit) and GPU (graphics processing unit) markets from Intel (INTC) and Nvidia (NVDA). AMD’s growth spree was affected by the recent stock market sell-off on October 10, triggered by the Federal Reserve’s interest rate hike.
Advanced Micro Devices (AMD) operates in an oligopoly market, where one’s loss is another’s gain as other companies compete for market share.
At the other end of the spectrum was Procter & Gamble (NYSE:PG), which gained 8.8% after reporting first fiscal quarter results that offered a much-needed ray of hope that a turnaround was brewing. Stock charts of Netflix (NASDAQ:NFLX), Nvidia (NASDAQ:NVDA) and PPL (NYSE:PPL) are some of those top prospects. On Wednesday morning of last week, Netflix was all the rage.
Most auto companies are investing in software to create-self driving vehicles and ride-hailing and sharing services. Of course, these automakers will have to compete against the cash spend from Uber Technologies Inc., which has been valued at $120 billion. What Does This Do for Nvidia?
Investorideas.com, a leader in investor news and research in leading sectors including tech, releases a sector snapshot looking at recent news and developments in Artificial Intelligence. It’s probably fast becoming a cliché to say that Artificial Intelligence (AI) is the future but with an array of companies rapidly adopting variants of the technology, and market research concluding that serious benefits accrue from embracing it, investors may be realizing more and more that it is a sector to watch. PricewaterhouseCoopers’ (PwC) global AI study, “Sizing the prize”, details insights and projections of the value AI could bring to business as the technology develops.
If tech stocks were a house, that house is burning right now. Across the board, once-loved tech stocks are dropping like flies. Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), Nvidia (NASDAQ:NVDA), and Google (NASDAQ:GOOG) are all in correction territory (10% or more off recent highs).
"Most people are used to working a job, getting a paycheck. Simple. With live streaming and YouTube, it's much more complex."
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
The autonomous driving revolution isn’t sitting by idly, it’s revving its engine (or charging its battery!) as it gears up for a serious advance. Because of my unique positioning in this growing field, I’ve had the pleasure of attending industry conferences and interviewing key figures in autonomous driving. With that in mind, let’s look at seven autonomous driving stocks to buy.
The recent weakness in shares of semiconductor manufacturer Nvidia Corp. ( NVDA) presents an opportunity for tech investors to buy the chip stock at a discount price, according to one team of bulls on the Street.
One stock that has been slaughtered in this selloff is chip maker Nvidia (NASDAQ:NVDA). At the beginning of October, Nvidia stock was getting ready to touch the $300 mark. Fast forward three weeks, and NVDA stock is now trading below $240.
The big question with semiconductor stocks at the moment is simple. The gains in chip stocks starting in early 2016 came in part due to a belief that they weren’t. On Thursday, Goldman Sachs gave its opinion, and, with one key exception, it was mostly bearish.
Intel (INTC) has been improving its profits by investing in areas that either grow fast such as modems and memory or have high ASPs (average selling prices) such as server CPUs (central processing units). While Intel stock remains low, its profits are increasing, thus improving its overall efficiency ratio. A company’s RoE (return on equity) shows the net profit it can generate from shareholder equity in a particular time period.
Intel’s (INTC) strong fundamentals and lower stock price could make it an attractive stock for long-term investors who search for cheap stocks with strong growth potential. A stock’s valuation is determined by measuring a stock’s current trading price against fundamentals such as revenue and EPS. On October 12, Intel had a PS ratio of 3.27x, which is lower than Advanced Micro Devices’ (AMD) and Nvidia’s (NVDA) ratios of 4.0x and 12.6x, respectively. Analysts expect Intel’s sales to rise 10.8% YoY (year-over-year) in 2018.
On Thursday morning, TSMC reported Q3 revenue of NT$260.35 billion (up 3% annually and equal to $8.49 billion) and EPS of $0.56. On Thursday, TSMC shares fell 2.6% to $38.54, amid a 2.1% drop for the Nasdaq. Here are some thoughts on the implications of TSMC's outlook and commentary for some of its top customers, and for the chip industry at-large.
Real Money contributor Stephen Guilfoyle has apparently talked himself into liking the stock. Don't know what took him so long -- Jim Cramer's Action Alerts Plus portfolio has been in the stock for awhile now. "An area almost certain to grow going forward regardless of whether the economy does well or not will be sports betting.