intc – Business Insider Australia

Markets Oct. 30, 2020, 2:42 AM

AMD will rally another 44% as it snaps up more semiconductor market share, Bank of America says

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 […]

Markets Oct. 24, 2020, 3:58 AM

Intel will plunge 17% as 3 major problems boost headwinds, Bank of American says in downgrade

Intel shares were downgraded to “underperform” by Bank of America analysts on Friday after the company’s third-quarter report signalled weakened second-half performance. The team also lowered its price target for the company’s shares to $US45 from $US60, implying a 17% decline from Thursday’s closing level over the next 12 months. […]

Markets Oct. 23, 2020, 11:51 PM

Intel falls 10% after 3rd quarter earnings show server segment unexpectedly shrinks

Intel fell 10% on Friday after it reported third quarter earnings on Thursday that revealed an unexpected drop in its data centre segment. The segment had posted strong growth in the first half of 2020, but capacity digestion led to a significant decline in the third quarter, and Intel guided […]

Markets Jul. 25, 2020, 4:43 AM

AMD rockets 17% to record high after rival Intel delays next-generation chips

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. […]

Markets Apr. 4, 2019, 2:08 AM

AMD spikes after analyst says it could gain market share in 2 key areas

AMD was soaring Wednesday morning after an analyst initiated coverage and said he sees the chipmaker taking market share in key areas. Shares were higher by 8%. Watch AMD trade live. AMD shares were soaring Wednesday morning, up more than 8%, after analyst said the company has an opportunity to […]