13.09 -0.01 (-0.08%)
After hours: 6:32PM EDT
|Bid||13.09 x 1200|
|Ask||13.10 x 1400|
|Day's Range||12.90 - 13.18|
|52 Week Range||9.04 - 15.65|
|PE Ratio (TTM)||327.50|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.73|
Shares of Micron (MU) opened lower on Wednesday after two days of gains on the back of some major announcements, including a new deal with Intel (INTC). With that said, let's dive into why the chip giant's stock might be worth buying right now.
Intel (INTC), Google and Microsoft reveal new security bugs but these do not possess major threats as Spectre and Meltdown that surfaced in January.
NEW YORK, NY / ACCESSWIRE / May 23, 2018 / U.S. markets fell Tuesday on geopolitical concerns after President Trump stated he was not happy with the current U.S. – China trade talks. The Dow Jones Industrial ...
Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Advanced Micro Devices, Inc. breached their fiduciary duties to shareholders.
Graphics-chip makers Advanced Micro Devices and Nvidia received fresh buy ratings on Friday, as investment bank Cowen initiated coverage of a host of semiconductor stocks.
Here are some things going on today in the world of tech: Alphabet (GOOGL) will get the 60 Minutes treatment this weekend, in a segment that discusses “the power of Google,” with the preview posted on CBS mentioning how the company is a monopoly and knows everything about you. Shares of payments pioneer Square (SQ) are down 16 cents at $54.66, after that other pioneer, PayPal Holdings (PYPL), this morning announced it would pay $2.2 billion to acquire small business commerce tech firm iZettle. Contra reiterates an Outperform rating on PayPal, and raises his price target to $93 from $85, writing that the company is “the key fin-tech consolidator” in the world, as it has tremendous ability to keep buying smaller companies given its enormous cash pile.
Cowen initiates coverage on AMD and Nvidia shares with outperform ratings, citing the strong growth trends in the chipmakers' key markets.
NEW YORK, NY / ACCESSWIRE / May 17, 2018 / Shares of both Micron Technology and Advanced Micro Devices saw a boost in share price on Wednesday after optimistic remarks from analysts. Micron was given an $80 price target from an RBC analyst who initiated coverage on the stock. Micron Technology, Inc. shares closed up 4.61% on almost 56 million shares traded yesterday.
Shares of Advanced Micro Devices Inc. surged Wednesday, after the chip maker was upgraded by Susquehanna analyst Christopher Rolland, who cited a mended cryptocurrency outlook, better-than-expected earnings and an improved competitive outlook. Rolland raised his rating to neutral, after downgrading the stock to sell on March 26, saying “a lot can change in two months.” He also raised his stock price target by 38% to $11, which was now 15% below current levels, from $8. What prompted Rolland to get bearish in March was his concern over AMD’s reliance on Ethereum-related graphics processing unit (GPU) shipments.
Shares of several major tech firms with huge semiconductor businesses, Intel (INTC), Advanced Micro Devices (AMD), and Micron (MU), all saw their stock prices surge on Wednesday. Let's take a quick look why.
Here are some things going on today in the world of tech: It’s payment pioneer versus payment pioneer! Square’s (SQ) personal payments tech, “Square Cash,” is “surging,” according to Instinet’s Dan Dolev, based on his observations of downloads of the Cash app for mobiles.
Susquehanna raises its rating to neutral from negative and increases its price target for AMD shares, citing the company's improving server chip sales.
NVIDIA (NVDA) stock has grown from just $107 at the start of 2017 to $249, growing 133% in 16 months. This strong growth made NVIDIA’s stock overvalued, prompting many analysts to change their ratings from “buy” to “hold.” In March, 43% of the 31 analysts covering NVIDIA recommended “buy,” and 53% recommended “hold.”
In this series, we saw that NVIDIA (NVDA) and Advanced Micro Devices (AMD) might encounter competition in the cryptocurrency market as China-based Bitmain is set to launch an Ethereum ASIC (application–specific integrated circuit) in mid-2018. While many analysts fear that this could hurt NVIDIA’s GPU (graphics processing unit) demand, strong growth in the gaming and data center market could offset these declines and present further growth opportunities.
Netflix, Alaska Airlines, Gap, Fiat Chrysler and Uber are the companies to watch.
NVIDIA (NVDA) has been mum about its next gaming GPU (graphics processing unit). However, there are several rumors surrounding the GPU supply chain, suggesting NVIDIA could launch its next gaming GPU on Turing architecture by the end of 2018. A GamersNexus article noted that at GTC1 2018, a source from SK Hynix stated that the company would start volume production of GDDR6 (graphics double data rate) memory in mid-2018 and most of the production would be for NVIDIA’s next-generation gaming GPUs. If this statement is true, NVIDIA’s next gaming cards would be available on the market by 4Q18.
So far, we’ve seen that NVIDIA’s (NVDA) gaming GPUs (graphics processing units) were gobbled up by crypto miners. The company tried to prioritize gamers over miners with its GPP (GeForce Partnership Program) but was forced to close the program due to objections from rival Advanced Micro Devices (AMD).
Advanced Micro Devices is launching yet another offensive on a market that has been sewn up by Intel for more than a decade. While the Ryzen processor family that was unveiled in 2017 goes after a premium segment of the PC market with more than $20 billion of TAM (total addressable market), more than half of that is tied to commercial-device sales. Commercial PCs and notebooks are bought by companies for employees or purchased by employees themselves as part of the BYOD (bring your own device) trend.