46.66 +0.53 (1.15%)
Pre-market: 8:58AM EDT
|Bid||46.50 x 4000|
|Ask||46.66 x 800|
|Day's range||45.80 - 46.53|
|52-week range||42.36 - 59.59|
|Beta (3Y monthly)||0.60|
|PE ratio (TTM)||10.41|
|Earnings date||25 Jul 2019|
|Forward dividend & yield||1.26 (2.86%)|
|1y target est||52.72|
Unless there's a negative update about another escalation in the US-China trade war, the expected rate cut decision could trigger market-wide buying, including in tech stocks, in the near term.
Apple (AAPL) is holding out hope that China will target it as its trade war with the US escalates. The US last month blacklisted Huawei, leading US suppliers to give the Chinese technology star a wide berth. Google has reduced its business dealings with Huawei, while Microsoft (MSFT) has stopped selling Huawei laptops on its digital shop.
China has warned American technology companies Intel (INTC), Qualcomm (QCOM), and others of dire consequences if they respond aggressively to the trade restrictions that American authorities have slapped on Huawei. Last month, the Trump administration blacklisted Huawei as a national security risk, thereby prohibiting suppliers with operations in America from doing business with Huawei.
Intel (INTC) is acquiring networking technology startup Barefoot Networks. Although the financial terms of the deal have not been disclosed, what is obvious is that the deal opens a path for Intel to diversify its chips business and move into the chip technology market.
Intel (INTC) is introducing Ignite program in Israel this year with an aim to encourage innovation in technology startups.
Apple is in talks with Intel (INTC) about purchasing the chip company’s smartphone modem business, according to a report from The Information citing people familiar with the matter. Intel said in April that it would exit the smartphone modem business, and it later announced its intention to sell the business.
Nvidia was long known as a supplier of graphics chips for personal computers to make video games look more realistic, but researchers now also use its chips inside data centres to speed up artificial intelligence computing work such as training computers to recognise images. To do so, Nvidia's so-called accelerator chips work alongside central processors from companies such as Intel Corp and International Business Machines Corp.
In commodities, crude oil fell 0.7% to $52.17 a barrel after reaching an earlier high of $52.91. CFTC data showed the number of long speculative positions on oil had fallen to its lowest level since March last week after a seventh straight weekly drop. Gold futures slipped 0.6% to $1,337.15 a troy ounce while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 97.032.
SAN FRANCISCO/WASHINGTON (Reuters) - Huawei's American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said. Executives from top U.S. chipmakers Intel and Xilinx Inc attended a meeting in late May with the Commerce Department to discuss a response to Huawei's placement on the black list, one person said. The ban bars U.S. suppliers from selling to Huawei, the world's largest telecommunications equipment company, without special approval, because of what the government said were national security issues.
Intel Corporation today announced a program to advance open innovation and accelerate early-stage startup companies in Israel targeting key industry inflection points, including artificial intelligence (AI), autonomous systems and other data-centric technologies and business models. Based in Tel Aviv, the program called Ignite will leverage Intel’s global market access and business and technology leadership to provide early-stage startups with unique advantages on their paths to disrupt the future. Following a rigorous selection process, Intel will host 10 to 15 top pre-seed to seed startups through a 20-week program where they will receive hands-on mentorship from Intel and industry experts in a variety of product, business, management and technical areas.
Intel Corp launched a project on Sunday to help start-ups in Israel develop technologies in artificial intelligence (AI) and autonomous systems, and said it planned to bring the scheme to other countries as well. The 20-week program, called Ignite, will offer business and technical support to up to 15 start-ups, the California-based company said, adding it would not take equity stakes in the start-ups now, but might do so eventually. Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed, and this year said it was investing 40 billion shekels ($11 billion) to expand its manufacturing operations there.
AMD CEO Lisa Su led a stunning turnaround at the semiconductor company, which is now giving Intel a run for its money in all areas of the chip business.
After Broadcom cut its forecast sparking a chip stock selloff, one analyst warns that things might get worse.
Investing.com - The S&P; 500 closed flat on Friday as firmer retail sales pointing to underlying strength in the U.S. economy were countered by a slump in chip stocks, led by Broadcom.
Investing.com - Broadcom fell sharply Friday, sending chip stocks lower after the company delivered an ominous outlook and reported revenue that fell short of estimates.
The Dow lost 60 points, or 0.2%, by 9:49 AM ET (13:49 GMT), while the S&P; 500 rose 4 points, or 0.2%, and the tech-heavy Nasdaq composite slumped 42 points, or 0.5%.
Investing.com - Advanced Micro Devices has been on a tear since its December low, up nearly 90%, but Oppenheimer delivered a caution note on the chipmaker and suggested there were better growth opportunities elsewhere, not least in rival Nvidia.