250.89 0.00 (0.00%)
After hours: 6:05PM EDT
|Bid||250.45 x 200|
|Ask||250.89 x 200|
|Day's range||250.45 - 253.50|
|52-week range||152.91 - 269.20|
|PE ratio (TTM)||41.70|
|Earnings date||16 Aug 2018|
|Forward dividend & yield||0.60 (0.24%)|
|1y target est||280.66|
SANTA CLARA, Calif., July 19, 2018-- NVIDIA will host a conference call on Thursday, August 16, at 2:30 p.m. PT to discuss its financial results for the second quarter of fiscal year 2019, ending July ...
Chip stock investors have reason to cheer a bit today, as one of the major datapoints for the industry came in better than feared. Taiwan Semiconductor Manufacturing (TSM), the largest contract chip manufacturer, which produces chips for Qualcomm (QCOM), Nvidia (NVDA), and many, many others, overnight reported Q2 results that suggest a less-bad market this fall for smartphone technology, which has been one of the most troubling aspects of the chip business this year. Today's positive response by chips is a big change from TSM's Q1 report, back in April, when it missed revenue expectations because of a breakdown of the smartphone market.
Taiwan Semiconductor (TSM) reported earnings of $0.47 per share on $7.85 billion in revenues Thursday morning. But the report told us about more than just TSM, so let's take a look at what else was inside.
Pure Storage (PSTG) recently introduced FlashStack with FlashBlade in collaboration with Cisco. The company also announced availability of AIRI & AIRI Mini, a comprehensive AI ready infrastructure.
In the earlier parts of the series, we saw that Advanced Micro Devices’ (AMD) EPYC server CPUs (central processing units) are being adopted by several server OEMs (original equipment manufacturers) and cloud companies. It is also gaining ground in the PC CPU and GPU (graphics processing unit) space, which encouraged it to go beyond its three traditional markets and tap the emerging technologies of ML (machine learning) and automotive.
The biggest stock market winners tend to have exceptional earnings growth, so see which companies today have the most explosive EPS gains.
Here are some things going on today in the world of tech: Debating Those Ugly Netflix Numbers The Faang gang of stocks got a wobbly opening but is now solidly in the green, with Amazon.com (AMZN), Alphabet (GOOGL), and Facebook (FB) all rising. Netflix (NFLX), the proximate cause of the pain, is down $27.39, or almost 7%, to $373.09, which is something of a victory given it’s only half the decline the stock saw last night, after Netflix missed its own targets for net subscriber additions, and put expectations for more subscribers this quarter below consensus. The comments of management on the company’s video Q&A following the report is not exactly encouraging.
Advanced Micro Devices (AMD) first introduced its 14-nm (nanometer) technology in Polaris GPU (graphics processing unit) in Q2 2016, which boosted its discrete GPU market share to 29.9%, according to Jon Peddie Research. This market share increased to 33.7% in Q4 2017 and 34.9% in Q1 2018 as the cryptocurrency boom boosted demand for AMD’s GPUs.
Rumor mills are always churning about Advanced Micro Devices’ (AMD) next GPU (graphics processor units), and this time there are rumors about three GPUs: Polaris, Vega, and Navi. One rumor suggests AMD might launch the third iteration of Polaris under the “Polaris 30” series and the GPU will be built on GlobalFoundries 12-nm (nanometer) node and deliver 15% better performance than its predecessor.
Here are some things going on today in the world of tech: Two more analysts have downgraded Broadcom (AVGO) on its proposed acquisition of CA (CA), sending the stock down $2.18, or 1%, to $207.80. One persistent worry for GPUs has been the ebbs and flows of the cryptocurrency market, but "gamer demand also appears relatively muted,” writes Peterson.
Of the 29 analysts monitoring AMD, 11 and 13 have “buy” and “hold” recommendations on the stock, respectively, while five, including Morgan Stanley and Bernstein, have “sell” recommendations. According to a MarketWatch article, Morgan Stanley analyst Joseph Moore retained an “underperform” rating on AMD but raised the stock’s price target from $8 to $11, representing a downside of 29% from its current trading price. Moore acknowledged AMD’s opportunity in the server CPU space but stated that revenue gains in this market would not be able to offset cryptocurrency losses in the intermediate term.
The Zacks Analyst Blog Highlights: Apple, NVIDIA, Lockheed Martin, Intercontinental Exchange and Johnson Controls
Advanced Micro Devices (AMD) stock rallied significantly in June, reaching its 12-year high of $17.3. The stock’s rally comes as investors become increasingly confident in the company’s earnings potential. The stock is currently trading above $15, which is higher than its median price target of $13.5. This has raised the question of whether the stock’s recent rally has changed its fundamental valuation.
June was a strong month for Advanced Micro Devices (AMD), Intel (INTC), and Nvidia (NVDA), with the three stocks reaching their peaks and then seeing corrections. To understand the trend of such price movements, let’s look at moving averages, which take the average of a stock’s prices over a certain period to understand in which direction its movement is skewed. A stock’s 200-day moving average shows its resistance when its price is below this average and its support when its price is above this average.
Stocks that moved substantially traded or heavily Wednesday: American Airlines Group Inc., down $3.16 to $35.96 The airline said an important revenue measurement will grow at a slower pace than it expected ...
What Should Investors Expect from AMD’s Q2 2018 Earnings? This growth momentum and the increasing adoption of AMD’s products in the server and PC markets have restored investors’ confidence in the stock. On the other hand, Nvidia (NVDA) stock rose 2.3%, whereas Intel (INTC) stock fell 4.5% during the quarter as the abrupt resignation of its CEO on June 21 sent it spiraling down.
With sustained focus on developing new and more advanced AI technologies for self-driving cars, NVIDIA (NVDA) seems well poised to grow in the driverless vehicle technology space.