Yahoo Finance Today’s Research Reports on Stocks to Watch: NVIDIA and Advanced Micro Devices
New York, NY / ACCESSWIRE / November 13, 2018 / It was a rough day for tech stocks on Monday with the overall market dragging them down. The year's best performing stock AMD saw losses as high as 11% yesterday with rival NVIDIA also tanking.
RDI Initiates Coverage on:
NVIDIA Corporation
https://www.rdinvesting.com/report/?ticker=NVDA
Advanced Micro Devices, Inc.
https://www.rdinvesting.com/report/?ticker=AMD
NVIDIA Corporation shares closed down 7.84% on about 15.4 million shares traded on Monday. The drop was despite the company announcing yesterday that the new NVIDIA® T4 GPU has received the fastest adoption of any server GPU only two months after it was introduced. "We have never before seen such rapid adoption of a datacenter processor,” remarked Ian Buck, vice president and general manager of Accelerated Computing at NVIDIA. “Just 60 days after the T4’s launch, it’s now available in the cloud and is supported by a worldwide network of server makers. The T4 gives today’s public and private clouds the performance and efficiency needed for compute-intensive workloads at scale.” Damion Heredia, senior director of Product Management at Google Cloud commented, "Real-time visualization and online inference workloads need low latency for their end users. We are delighted to partner with NVIDIA to offer T4 GPU support for Google Cloud customers. NVIDIA T4 GPUs for Google Cloud offer a highly scalable, cost-effective, low-latency platform for our ML and visualization customers. Google Cloud’s network capabilities together with the T4 offering enable customers to innovate in new ways, speeding up applications while reducing costs.” NVIDIA will be reporting financial results of its fiscal 2019 third quarter after the market close on Thursday, Nov. 15th.
Access RDI’s NVIDIA Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=NVDA
Advanced Micro Devices, Inc. shares were down 9.51% on Monday on nearly 96 million shares traded. There was no news from the company to explain the loss but AMD among other tech stocks were seeing big losses in Monday's session. AMD hit as low as $ 18.80, and had the biggest decline out of 66 companies in the S&P 500 tech index. The stock is still the top tech gainer of 2018. It was in October that AMD reported third quarter financial results revealing 4.4% revenue growth at $1.65 billion. During the Next Horizon event last week, the company announced that Amazon Web Services would begin to offer cloud computing instances based on its EPYC family of data center processors.
Access RDI’s Advanced Micro Devices, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=AMD
Our Actionable Research on NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
