52.59 +1.21 (2.36%)
After hours: 7:59PM EDT
|Bid||52.51 x 1100|
|Ask||52.57 x 1100|
|Day's range||50.60 - 52.10|
|52-week range||33.23 - 54.36|
|PE ratio (TTM)||25.82|
|Earnings date||26 Apr 2018|
|Forward dividend & yield||1.20 (2.33%)|
|1y target est||54.69|
Led by Amazon, technology giants are teeing up to report earnings as well as iQiyi, the tech IPO called the Netflix of China.
Advanced Micro Devices Inc. forecast sales that suggest it’s making progress winning market share in computer processing from Intel Corp. Chief Executive Officer Lisa Su now needs to back up AMD’s claims that they are a leap forward in performance with earnings numbers that demonstrate computer makers and buyers agree and are switching orders away from Intel. AMD’s shares jumped more than 8 percent in extended training.
Intel is facing unique pressure from investors who are concerned that the semiconductor market is in store for a correction, so its first quarter fiscal 2018 earnings report will carry plenty of weight on Thursday afternoon.
According to The Verge, Facebook (FB) is looking to make its own processors to power smart speakers and other hardware devices. As a result, the social media company is forming a team to design its own hardware chips and is also looking for a manager who can help build an end-to-end SoC/ASIC,1 firmware, and driver development organization.
Though the overall tech sector is poised to shine in Q1 earnings, this does not ensure earnings beat for all companies in the space. Let's see what's in store for these tech stocks.
Chip maker will seek to convince investors once again that crypto accounts for just a sliver of revenuesAFP/Advanced Micro Devices chips power crypto mining. Cryptocurrency mining, once a reason to cheer Advanced Micro Devices Inc., now has Wall Street worried. The use of AMD’s (AMD) graphics processing units for crypto mining proved a surprise benefit to investors when the crypto market was booming.
Advanced Micro Devices (AMD) is launching its complete line of Ryzen CPUs (central processing units) in 2018. With this, AMD would compete with Intel (INTC) in almost every segment of the PC market. Intel is transitioning away from the PC-centric business to become a data-centric business, which means that it wouldn’t compete as fiercely as it did in the past.
Futures indicated further selling as the 10-year Treasury yield rose above 3%. Chip giant Texas Instruments jumped on strong earnings and guidance.
Like much of the tech sector, Intel Corp. is banking its future on strong growth in cloud computing, as the chip maker seeks to make up for lagging sales in its core legacy business amid stronger competition....
Shares of several chipmakers ticked higher in the extended session Tuesday following better-than-expected earnings from Texas Instruments Inc. . Texas Instruments shares rallied nearly 5% after hours Tuesday ...
Apple's recent moves to lower production orders for its current smartphones will negatively impact several major iPhone chip suppliers, including Qorvo and Skyworks, Wall Street analysts said.
The rise of custom chips by Apple (AAPL) and other electronics giants is a risk to chip makers such as Qualcomm (QCOM), writes Wells Fargo analyst David Wong in a note to clients yesterday afternoon. Wong is referring to parts such as the “A11 Bionic” processor running Apple’s (AAPL) iPhone X, which is designed by Apple and used only by itself, a practice known in the industry as a "captive" part, versus chips sold on the open market for use by anyone, known as "merchant" sales. In addition to an overall slowing smartphone market Wong writes that, "we think that the growing using of internally designed chips by the biggest smartphone companies is creating a headwind to growth for merchant chip companies that make smartphone applications processors and baseband chips,” writes Wong.
Advanced Micro Devices (AMD) is focusing on its Computing and Graphics segment to boost its growth. In the computing space, it launched competitive desktop and mobile PC CPUs (central processing units) under the Ryzen brand in 2017.
Paul Jacobs, son of Qualcomm (QCOM) co-founder Irwin Jacobs, is making progress in lining up funding toward his goal of taking the company private, according to reports by CNBC and Bloomberg. Jacobs, former Qualcomm CEO and chairman, could launch a bid for Qualcomm in the next two months. Jacobs decided not to seek re-election for a seat on Qualcomm’s board at the company’s March annual shareholder meeting. Jacobs, who has reportedly received commitments from sovereign wealth funds and strategic investors to finance the takeover of Qualcomm, now sees a ~50% chance of completing a deal.
Lilium, a German start-up with Silicon Valley-scale ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the modern Mini, Fiat 500 and McLaren P1. Lilium is developing a lightweight aircraft powered by 36 electric jet engines mounted on its wings. Founded in 2015 by four Munich Technical University students, the Bavarian firm has set out plans to demonstrate a fully functional vertical take-off electric jet by next year, with plans to begin online booking of commuter flights by 2025.
Lilium, a German start-up with Silicon Valley-scale ambitions to put electric "flying taxis" in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the modern Mini, Fiat (Hanover: FIA1.HA - news) 500 and McLaren P1. Lilium is developing a lightweight aircraft powered by 36 electric jet engines mounted on its wings. Founded in 2015 by four Munich Technical University students, the Bavarian firm has set out plans to demonstrate a fully functional vertical take-off electric jet by next year, with plans to begin online booking of commuter flights by 2025.
STMicroelectronics (STM) is scheduled to hold its annual meeting of shareholders on May 31, 2018. Shareholders will be voting on several proposals, including leadership-related matters. They will be discussing cash dividend distribution, the appointment of Jean-Marc Chery as CEO, and the reappointment of certain supervisory board members.