AMD turned in net income of $555 million on $3.4 billion of revenue in the first quarter and guided for a 50% jump in revenues for 2021.
BofA analysts said falling sales and margins coupled with a potentially costly move into semiconductor production could hurt Intel moving forward.
Raymond James initiated coverage on shares of Advanced Micro Devices on Thursday with an "outperform" rating and a $100 price target.
Nvidia's Grace CPU is expected to be launched in 2023 and will be used in the build of a new supercomputer from the Swiss Supercomputing Center.
Advanced Micro Devices’ strong third quarter earnings pave the way for improved market share in the $US50 billion semiconductor industry, Bank of America analysts said Wednesday. The team lifted its price target for AMD shares to $US110 from $US100, implying a 44% climb from Wednesday’s closing level over the next […]
Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here This week: Jack Ma and AMD CEO Lisa Su are shooting for […]
Xilinx shares soared as much as 17% higher in early Tuesday trading after Advanced Micro Devices agreed to buy the company in a $US35 billion deal. The acquisition is expected to close by the end of 2021, according to a press release. Xilinx shareholders will receive 1.7234 shares of AMD […]
Chip producer Xilinx leaped as much as 17% in early Friday trading after The Wall Street Journal reported Advanced Micro Devices is in talks to buy the firm for more than $US30 billion. A deal could come together as soon as next week and mark the latest major acquisition in […]
Investors should take advantage of the recent sell-off and buy AMD ahead of a compelling growth opportunity in 2021, Bank of America said in a note on Friday. AMD is poised to take market share in the semiconductor space as Intel continues to struggle with manufacturing, according to the note. […]
The S&P 500 and Nasdaq composite indexes extended records on Wednesday after closing at all-time highs on Tuesday. Traders are still watching for signs that Congress will reach a deal on another coronavirus pandemic stimulus bill soon. The August ADP employment report showed that US companies added 428,000 jobs last […]
Chipmaker Advanced Micro Devices over the weekend quietly launched its AMD Radeon RX 5300, an entry-level gaming card. Shares of AMD jumped as much as 8% on Monday. The card is a competitor for a similar Nvidia product. Watch AMD trade live on Markets Insider. Read more on Business Insider. […]
US stocks rose Wednesday following a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. The Federal Reserve held interest rates near zero, and again pledged to do whatever it takes to aid the US economy in recovery from the pandemic recession. Starbucks […]
US stocks rose Wednesday ahead of a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. Starbucks and AMD shares climbed after earnings releases. Boeing and General Motors shares also ticked up after earnings reports. Later this week, Apple, Amazon, and Alphabet are […]
Advanced Micro Devices beat second-quarter estimates and forecasted better-than-expected sales when it reported earnings Tuesday afternoon. Notebook and server processor sales fuelled a quarterly profit of $US157 million, CEO Lisa Su said in the report. AMD launched 11.6% higher in early Wednesday trading. The semiconductor company recently narrowed its gap […]
Advanced Micro Devices shares surged as much as 17% to a record high on Friday after rival firm Intel announced its next-generation processors are delayed. AMD led the Nasdaq composite and S&P 500 through the session and now sits up 50% year-to-date. Intel’s announcement marred an otherwise positive earnings report. […]
Intel reported quarterly earnings on Thursday that beat Wall Street expectations for revenue and earnings per share. But the company also said the release of its next-generation chips would be delayed by six months. Shares of the company fell 14% in premarket trading Friday. The company also gave a weaker-than-expected […]
Microsoft’s 15-inch Surface Laptop 3 is slim and light and a great choice for people who like big screens but don’t want something big, chunky, and overpowered. It’s among the best-looking Windows 10 laptops I’ve used. The screen, keyboard, and touchpad are great, and it handles my intense workload without […]