|Bid||44.11 x 1200|
|Ask||45.00 x 900|
|Day's range||44.23 - 45.34|
|52-week range||39.37 - 57.60|
|Beta (3Y Monthly)||1.08|
|PE ratio (TTM)||16.18|
|Earnings date||25 Oct 2018|
|Forward dividend & yield||1.20 (2.71%)|
|1y target est||55.26|
Competitive gaming team the New York Excelsior has welcomed Mike Sepso, an esports veteran and former Activision Blizzard senior vice president, to its roster.
Swedbank, one of Sweden’s largest banks, disclosed Thursday that it initiated large positions in those stocks in the third quarter.
The second round of the US tariffs on $200 billion of Chinese (FXI) imports includes connected devices. The above HTS category includes modems, Wi-Fi routers, gateways, cell tower radios, Bluetooth-enabled devices, and any component used to connect to the Internet and mobile networks. According to a study by the CTA (Consumer Technology Association), 10.0%–25.0% tariffs on connected devices would increase the price of these products by 8.5%–22% and reduce their consumption by 6%–12%.
AMSTERDAM (Reuters) - Intel has reduced its stake in supplier ASML Holding to just below 3 percent, according to an update from the registry of the Netherlands' Authority for Financial Markets (AFM) on Friday.
What’s New: The state of Arizona today announced the formation of the Institute for Automated Mobility to advance the safe deployment of automated vehicles. Intel Corporation is a founding partner of the new institute. This unique public-private consortium will focus on the liability, regulatory and safety implications of automated vehicles and will work to develop standards and best practices for the industry to follow.
Intel can’t make enough chips these days, but the semiconductor giant does seem to know where to sell the ones that it can. This was despite an overall slowdown in PC sales growth relative to the second quarter, the industry’s strongest period in six years. Intel’s production constraints still had an impact, but the chip company appears to have contained the effects so far.
October started with a sharp drop in the stock markets as the Federal Reserve increased interest rates by 25 basis points to 2.25%. This was the highest interest rate level since 2008 when the Fed cut rates to near zero to tackle the recession. The stock market reacted after a few days as investors adjusted their financial models.
Wednesday’s selling pulled down the broader market indexes and most tech companies, but the chip stocks declined for their fifth straight day on Wednesday. The tech-heavy NASDAQ 100 index also tumbled 7%. NVIDIA (NVDA), Advanced Micro Devices (AMD), Broadcom (AVGO), and Marvell Technology (MRVL) were among the stocks that suffered the most during the sell-off. NVIDIA, AMD, Broadcom, and Marvell fell 7.5%, 8.2%, 5.3%, 5.9%, respectively.
Third quarter PC shipments benefit from improving demand from businesses customers but weakness in consumer PC market is a concern.
What’s New: According to the newly released “5G Economics of Entertainment Report” commissioned by Intel and conducted by Ovum, it is forecast that over the next decade (2019-2028) media and entertainment companies will be competing to win a share of a near $3 trillion cumulative wireless revenue opportunity. Experiences enabled by 5G networks will account for nearly half of this revenue opportunity (close to $1.3 trillion).
Among these groups were SIA (Semiconductor Industry Association), SEMI (Semiconductor Equipment and Materials International), and the CTA (Consumer Technology Association). Despite this domestic opposition, President Donald Trump went ahead with the tariffs. The Trump administration stated that tariffs were important as there is no trade agreement that would put an end to China’s anti-competitive policies and better protect American intellectual property.
The United States is imposing tariffs on Chinese (FXI) imports, and China is retaliating with tariffs on US imports. This is disrupting the global supply chain, significantly impacting the US semiconductor industry, which manufactures chips in China.
The market sell-off is partially seasonal, and partially a case of weakness driving further weakness, Wall Street veteran Art Cashin says.
Intel (INTC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Semiconductor companies have started to feel the impact of the US-China trade war. In September, memory chip maker Micron Technology (MU) reported weaker guidance for the November quarter for several reasons, one of which was tariffs. It stated that the new tariffs would reduce its gross margin by 50–100 basis points.
What’s New: Today, Intel unveiled its family of Intel® Vision Accelerator Design Products targeted at artificial intelligence inference and analytics performance on edge devices, where data originates and is acted upon.
President Donald Trump implemented the second round of tariffs on $200.0 billion in Chinese (FXI) imports on September 24. During the announcement of the second round of tariffs, Trump also warned that his administration planned to impose a third round of tariff on another $267.0 billion in Chinese imports. If Trump implements this latest round of tariffs, almost all Chinese imports would fall under this program.
Huawei's new chipsets are called the Ascend 910 and Ascend 310 and are designed to be used in data centers and internet-connected consumer devices.