|Bid||252.10 x 900|
|Ask||252.13 x 1200|
|Day's range||250.33 - 258.48|
|52-week range||138.58 - 269.20|
|PE ratio (TTM)||41.95|
|Earnings date||8 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||0.60 (0.23%)|
|1y target est||279.70|
The Zacks Analyst Blog Highlights: Micron, NVIDIA, Texas Instruments, Diodes and Silicon Laboratories
CACI International (CACI) is gaining from an expanding total addressable market with focus on government clients. However, competition is a headwind.
The chip industry received a shock Thursday morning as Intel said CEO Brian Krzanich would be stepping down immediately because he had had a personal relationship with an employee, which goes against company policy. Intel’s (INTC) stock fell only 2.4% on the news, suggesting some investors were relieved that 36-year company veteran Krzanich will make way for a new CEO who is able to counter accelerating competition. Intel is fighting on all fronts against, mainly, Nvidia (NVDA), AMD (AMD) and Qualcomm (QCOM).
While the semiconductor industry is undergoing a major transformation, the memory market is going through a structural change. At its 2018 Investor Day, Micron’s (MU) CEO, Sanjay Mehrotra, stated that the memory market is growing faster than the overall semiconductor industry as its contribution to the industry is growing.
Shares of Advanced Micro Devices Inc. (amd) are down 1% in Wednesday trading after a pair of cautious notes, including from Morgan Stanley's Joseph Moore, who kept his underperform rating intact but raised his price target to $11 from $8. "We see graphics as a ~$2.6 bn run rate business in 1q18, facing a potential 25% decline from the decline in cryptocurrency mining, driving potential price declines through the whole product lineup, and facing an imminent Nvidia (nvda) product launch that they may not have an answer to for another year," Moore wrote.
The United States now has the world's fastest supercomputer. The machine, called Summit, was built for Oak Ridge National Laboratory in partnership with IBM and NVidia, and is designed for AI applications.
Shares of Advanced Micro Devices Inc. (amd) are down 1.4% in Wednesday trading after Bernstein's Stacy Rasgon penned a cautious note on the company. "Analysis of available data suggests CPUs have likely been relatively flattish, with strong Ryzen offset by legacy declines," Rasgon wrote. "In fact, we believe GPUs have been by far the primary growth driver, likely up 80%+ YoY in 2017, & approaching ~$700M in Q118, up 200% YoY." Rasgon said that AMD is likely benefiting from increased average selling prices for its GPUs, but he thinks demand for AMD's Vega line is coming more from cryptocurrency miners than from gamers.
General Motors, Alphabet, and Aptiv are ushering in an era of transportation that will save hundreds of thousands of lives and potentially generate trillions of dollars in new services.
Given that China accounts for a large portion of revenues for a number of U.S. tech companies, which include chipmakers, mobile phones and technology-based service providers, there are high chances of these players suffering significantly.
See who joins Nvidia, Adobe and Five Below on this screen based on the stock-picking criteria of Warren Buffett, including quality management and long-term, sustainable growth.
In China, public spaces across 16 provinces, cities and autonomous regions have launched a a facial-recognition system so powerful it can compare a pedestrian’s image, regardless of angle or lighting, with a database of the country’s entire population in less than a second. Facial recognition is also used in China for more mundane tasks, such as publicly shaming jaywalkers. Soon, video analysis could play a key role in China’s plan to assign each of its citizens a “social credit score,” which is similar to a FICO score, except that it measures public behavior along with economic factors.
Its key customer, NVIDIA (NVDA), is also in the growth cycle as the adoption of AI picks up. While enjoying these demand catalysts, Micron is also preparing for a possible downturn by focusing on high-value solutions such as automotive and high-bandwidth memory, which generate higher ROI (return on investment). This strategy has increased the company’s efficiency ratios, which reflects its management’s efficiency in delivering higher returns from lower investments.
Memory-chip maker Micron Technology has seen its stock pull back from its recent 18-year high as the company prepares to report fiscal third-quarter results after the market close on Wednesday.
Shares of Wall Street superstar Micron (MU) opened slightly lower on Monday, just two days before the company is set to release its third-quarter fiscal 2018 financial results. So let's take a look to see why the semiconductor giant looks like a strong buy stock that investors might want to consider scooping up before Micron reports on Wednesday afternoon.
Northland Capital Markets lowers its rating to underperform from market perform for Intel shares, citing rising competition from AMD and Nvidia.
UBS raises its price target for Nvidia shares, citing the company's leadership in the artificial intelligence market.