- 24 Oct '18 at 11:15 pm #18711
Advanced Micro Devices reported worse than expected earnings…
[article]1138[/article]26 Oct '18 at 8:14 pm #18728
10/25/18 Baird Maintains Neutral 25.0
10/25/18 BMO Capital Maintains Market Perform 18.002 Nov '18 at 6:27 am #18841TrumanParticipant
[size=5]AMD Surges 11% Taking Chip Stocks On Target For Best Week in 7 Years
PHLX Semiconductor Index SOX surged 4.64% on Thursday. The SOX index is up 9.1% for the week to date, and on track for its best weekly percentage gain since the week ended Sept. 16, 2011, when the index gained 9.6%.
In comparison, the S&P 500 index SPX, +1.06% is up 3.1% for the week, and the tech-heavy Nasdaq Composite Index COMP, +1.75% is up 3.7%.
The week’s rally follows the worst month for the sector in more than eight years. The SOX index dropped 12% in October, the worst monthly performance for the index since January 2010, when it fell 12.2%.
L[b]eading the way Thursday:
AMD, +11.04% , +15% gain on the week to date.
ON Semiconductor Corp. ON, +8.24%
Applied Materials Inc. AMAT, +7.51%
Lam Research Corp. LRCX, +7.15%
Marvell Technology Group Ltd. MRVL, +7.13% ,
Maxim Integrated Products Inc. MXIM, +6.20% ,
Microchip Technology Inc. MCHP, +6.98%
Qorvo Inc. QRVO, +6.77% .
Micron Technology Inc. MU, +6.36% were largely unaffected by a U.S. indictment of Chinese and Taiwanese companies, alleging the Asian competitors stole secrets from Micron. That follows a Monday action when one those companies, Fujian Jinhua, was added to a U.S. export ban.
Large chip companies like Intel Corp. INTC, +2.86% and Nvidia Corp. NVDA, +3.45% saw relatively subdued gains of about 3%.
Source: MarketWatch07 Nov '18 at 1:30 am #18887Super HarleyParticipant
The rebound continues:
AMD stock gains 8% on partnership with Amazon Web Services
Advanced Micro Devices, Inc (AMD) on Tuesday announced at its Next Horizon event being held in San Francisco that Amazon Web Services (AWS) will soon start using its Epyc chips. The announcement sent AMD shares up 8% and closed up 20.68
▲ 0.78 (+3.92%)
AMD CEO Lisa Su said Amazon’s cloud unit,will use the chip to render services to third-party clients.
The Epyc chips will replace the standard computing chips from Intel (INTC), which have been used for years at their data centers. The Epyc chips are cheaper and are capable of operating numerous complex computing tasks.
In the third-quarter results published on October 24, CEO Su had stressed on Epyc’s contribution to the overall top line. She said, “We delivered our fifth straight quarter of year-over-year revenue and net income growth driven largely by the accelerated adoption of our Ryzen, Epyc and data center graphics products,” CEO Lisa Su said in the company’s earnings release.19 Nov '18 at 11:48 pm #19014
NVDA selling on Bitcoin flows over to AMD
Advanced Micro Devices Inc
NASDAQ: AMD · November 19, 2:45 PM EST
19.33 ▼ 1.34 (6.48%)
NASDAQ: NVDA · November 19, 2:46 PM EST
149.32 ▼ 15.06 (9.16%)
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