|Bid||51.56 x 900|
|Ask||51.57 x 2200|
|Day's range||51.01 - 51.66|
|52-week range||34.25 - 57.60|
|PE ratio (TTM)||22.32|
|Earnings date||26 Jul 2018|
|Forward dividend & yield||1.20 (2.31%)|
|1y target est||58.87|
Many analysts expressed dismay at Broadcom’s (AVGO) decision to acquire software company CA Technologies. Investors dumped Broadcom on the acquisition news, leading the stock to deliver its worst one-day performance ever. From Raymond James analysts to Nomura Instinet analysts, many have cast doubts on Broadcom’s purchase of CA, saying the company has risked confusing investors about its strategy.
Over the last two years, Advanced Micro Devices (AMD) succeeded in winning some market share from NVIDIA (NVDA) and Intel (INTC) in the discrete GPU (graphics processing unit) and PC CPU (central processing unit) market. One year back, AMD re-entered the server CPU market, where Intel holds more than a 99% share. This is a difficult market, as a lengthy qualification process, Intel’s monopoly, and large investment requirements pose major entry barriers. Many server CPU makers like Cavium (CAVM) launched ARM-based server CPUs but were unable to beat Intel.
Avid Bioservices, Mellanox, Berkshire Hathaway, Intel and Chevron highlighted as Zacks Bull and Bear of the Day
Evercore ISI lowers its rating to in line from outperform for Intel shares, saying the search for the company's next CEO will add to investor uncertainty.
Qualcomm’s (QCOM) data center business restructuring seems to be deeper than previously realized. Last month, Qualcomm president Cristiano Amon said the company was not exiting the data center chip market as had been speculated, adding that the business was being restructured to minimize costs. Changes were said to include reducing the size of its data center team and grouping the unit in the division focused on building chips for mobile phones.
Micron (MU) and Intel today announced an update to their 3D XPoint™ joint development partnership, which has resulted in the development of an entirely new class of non-volatile memory with dramatically lower latency and exponentially greater endurance than NAND memory. The companies have agreed to complete joint development for the second generation of 3D XPoint technology, which is expected to occur in the first half of 2019. Technology development beyond the second generation of 3D XPoint technology will be pursued independently by the two companies in order to optimize the technology for their respective product and business needs.
Coats said that Russia not only interfered in the election but that its "efforts to undermine our democracy" are ongoing.
In the Global Week Ahead, stock traders will focus upon a raft of early second quarter earnings reports. Zacks Chief Strategist John Blank ranks five headlines in order of importance for equities.
Advanced Micro Devices (AMD) launched its first-generation 14-nm Ryzen CPUs (central processing unit) in Q2 2017, which helped it take some market share from Intel (INTC). Its CPU stock crossed 20% in Q3 2017 as its Ryzen Threadripper helped it gain share in the high-end CPU market. However, Intel launched its eighth-generation Coffee Lake processor in Q4 2017 and regained some of the market share it lost to AMD.
Intel (INTC) intends to buy 19-year old Santa Clara, CA-based eASIC in a bid to move beyond providing CPUs and explore customized ASIC chip market.
Other analysts are bullish on AMD over its increasing competitiveness with its stronger rival Intel (INTC). Intel and AMD operate in a duopoly market where one’s loss is other’s gain. The two stocks are moving in opposite directions as AMD is gaining market share from Intel in the server and PC CPU market.
Market anticipates technology sector to be least affected by the Trump administration's intended second round of tariffs worth $200 billion on Chinese imports.
Intel did not disclose terms of the deal for eASIC, which is based in Intel's hometown of Santa Clara, California. An Intel spokeswoman said the price was "not material," but that about 120 people would join Intel's so-called programmable solutions group as a result.
Here are some stories from the world of tech today: DoJ still looking to break AT&T-Time Warner It seems AT&T’s (T) acquisition of Time Warner, completed last month, may have another challenge: The U.S. Department of Justice plans to appeal the federal court judge’s approval of the $85 billion merger, according to CNBC’s Christine Wang, citing a court filing by the DoJ today. Shares of AT&T are down 47 cents, or 1.5%, at $31.76, in late trading. In an emailed statement this evening, David McAtee, AT&T's general counsel, said “the Court’s decision could hardly have been more thorough, fact-based, and well-reasoned.
Intel Corp. has acquired chip company eASIC Corp., a startup that had previously canceled a planned initial public offering and had raised more than $149 million from the likes of Khosla Ventures and Kleiner ...
Advanced Micro Devices (AMD) has proved itself to be a phoenix that rose from near bankruptcy to become a worthy competitor of Intel (INTC) and NVIDIA (NVDA) in less than five years. At Cowen Technology’s Media & Telecom Conference, AMD’s chief technology officer, Mark Papermaster, talked about the company’s technology strategy to enter the high-performance computing market. A major breakthrough for AMD was the transition to the FinFET (fin-shaped field effect transistor) technology that helped it significantly reduce the process technology gap with its key rival Intel.
The following is an opinion editorial provided by Dan McNamara of Intel Corporation. Intel is competing to win in the largest-ever addressable market for silicon, which is being driven by the explosion of data and the need to process, analyze, store and share it. Of course Intel is known for world-class CPUs, but today we offer a broader range of custom computing solutions to help customers tackle all kinds of workloads – in the cloud, over the network and at the edge.
Tech stocks were back in favor Thursday after the Nasdaq composite suffered a mild distribution day Wednesday, falling 0.6% in higher volume.
Multiple Wall Street firms are questioning Broadcom's strategy to acquire a low-growth software company.