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AMD

AMD

$13.80

-0.12 (-0.86%)

, NVDA

Nvidia

$164.25

-0.7 (-0.42%)

17:55
07/17/17
07/17
17:55
07/17/17
17:55

AMD, Nvidia have surged in part from ethereum miners, Bloomberg says

Some investors are likening the chip makers Nvidia (NVDA) and Advanced Micro Devices (AMD) to sellers of pickaxes and shovels during California's Gold Rush, says Bloomberg. The chips are used in computers to mine ethereum, a cryptocurrency "that can be used to buy computing power over the internet," added the report. According to the Bloomberg report, Michael McConnell, an analyst at Pacific Crest Securities wrote in a recent note, "The sharp increase in demand from cryptocurrency miners has rapidly depleted excess channel inventory" for Nvidia and AMD graphics cards. Surging demand from cryptocurrency miners in China and Eastern Europe since early May" will boost quarterly unit sales by as much as 20%." Reference Link

AMD

AMD

$13.80

-0.12 (-0.86%)

NVDA

Nvidia

$164.25

-0.7 (-0.42%)

  • 25

    Jul

  • 15

    Aug

  • 29

    Aug

AMD AMD
$13.80

-0.12 (-0.86%)

07/10/17
JPMS
07/10/17
NO CHANGE
JPMS
JPMorgan raises semiconductor market forecasts after strong May
JPMorgan analyst Hisashi Moriyama attributes data center demand due to the spread of cloud computing and expanding applications for Internet of Things as driving better than expected May growth in the semiconductor market. The analyst, who also believes growth to the automobile market is accelerating, raised his semiconductor market forecasts given the strong May. Publicly traded companies in the semiconductor space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
07/10/17
MZHO
07/10/17
NO CHANGE
Target $15
MZHO
Buy
AMD could see better than expected 2H revenues, says Mizuho
Mizuho analyst Vijay Rakesh said AMD could see better than expected second half 2017 revenues due to better PC demand, gaming console seasonality, new Ryzen/Vega product ramps, and Bitcoin related shortages in GPUs for mining. The analyst raised AMD's price target to $15 from $14 and reiterates his Buy rating.
07/10/17
JEFF
07/10/17
DOWNGRADE
Target $29
JEFF
Underperform
Intel downgraded to Underperform from Hold at Jefferies
Jefferies analyst Mark Lipacis downgraded Intel (INTC) to Underperform, his firm's equivalent of a sell rating, and cut his price target for the shares to $29 from $38. Intel closed Friday up 25c to $33.88. The chipmaker's Xeon/Xeon PHI platform is disadvantaged versus Nvidia (NVDA) in emerging parallel workloads like deep neural networking, Lipacis tells investors in a research note. He believes Intel, as the incumbent with dominant share, has the most to lose as the industry undergoes a "tectonic shift in computing toward a parallel model." Intel is losing share in datacenter to Nvidia while chip competition from AMD (AMD), Cavium (CAVM) and Xilinx (XLNX) is increasing, the Lipacis argues.
07/06/17
BOFA
07/06/17
NO CHANGE
Target $185
BOFA
Buy
Nvidia reiterated as a top pick at BofA/Merrill
BofA/Merrill analyst Vivek Arya said a proprietary update of the PC GPU market reinforced his positive view on Nvidia (NVDA) given material tailwinds from new title launches and the rise of eSports, combined with second half seasonal strength in the secularly growing gaming market. The analyst's key takeaways from the update are: stream data indicates a significant upgrade opportunity for Pascal and upcoming next-gen Volra GPU, ecommerce survey work indicates Nvidia maintains 100% share of top selling GPU cars, with ASPs up 23% month-over-month, Nintendo Switch demand remains an incremental growth driver, and gaming strength is still underappreciated. Arya reiterates Nvidia as a Buy rating and a top pick, with a $185 price target.
NVDA Nvidia
$164.25

-0.7 (-0.42%)

07/12/17
07/12/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nvidia (NVDA) upgraded to Buy from Hold at SunTrust with analyst William Stein saying he thinks most of the company's segments can deliver stronger than expected financial results. 2. Westpac Banking (WBK) upgraded to Buy from Neutral at Goldman Sachs. 3. GrubHub (GRUB) upgraded to Outperform from Market Perform at Cowen with analyst Thomas Champion citing anticipation of its new delivery industry model and encouraging data from Cowen's proprietary consumer delivery survey. 4. Durect (DRRX) upgraded to Buy from Hold at Stifel with analyst Adam Walsh saying he predicts the stock will rise over the next 12-18 months. 5. Zimmer Biomet (ZBH) upgraded to Buy from Neutral at Guggenheim with analyst Chris Pasquale saying the resignation of the company's Chief Executive Officer indicates that it is willing to consider a needed shift in strategy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/17
RHCO
07/12/17
UPGRADE
RHCO
Buy
Nvidia upgraded on ability to beat estimates, increase multiple at SunTrust
As noted earlier, SunTrust upgraded Nvidia to Buy from Hold. Analyst William Stein upgraded the stock as he thinks that most of the company's segments can deliver stronger than expected financial results. He is especially upbeat on its datacenter for AI applications. Additionally, he thinks that the company's P/E multiple will rise because few large-cap semi companies offer structural growth, Target to $177 from $124.
07/12/17
JEFF
07/12/17
NO CHANGE
Target $125
JEFF
Underperform
IBM price target lowered to $125 from $135 at Jefferies
Jefferies analyst James Kisner lowered his price target for IBM (IBM) to $125 and reiterates an Underperform rating on the shares. While channel checks indicate IBM's Watson platform remains one of the most complete cognitive platforms available in the marketplace today, the "hefty services" component of many artificial intelligence deployments will be a hindrance to adoption, Kisner tells investors in a research note titled "Creating Shareholder Value with AI? Not so Elementary, My Dear Watson." The analyst also believes IBM looks "outgunned in the war" for AI talent and will likely see increasing competition. Kisner adds that his firm believes Nvidia (NVDA) is the biggest beneficiary of ramping AI adoption. He lists Pure Storage (PSTG) and Mellanox (MLNX) as other beneficiaries.
07/12/17
RHCO
07/12/17
UPGRADE
RHCO
Buy
Nvidia upgraded to Buy from Hold at SunTrust

TODAY'S FREE FLY STORIES

UNH

UnitedHealth

$203.89

10.69 (5.53%)

19:58
10/17/17
10/17
19:58
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19:58
Recommendations
UnitedHealth analyst commentary  »

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19:25
10/17/17
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19:25
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19:25
Conference/Events
The Heritage Foundation hosts President Trump »

President Trump speaks at…

SINA

Sina

$114.26

-0.73 (-0.63%)

19:18
10/17/17
10/17
19:18
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19:18
Hot Stocks
Aristeia: Sina claims 'inaccurate' and 'misleading' »

Aristeia Capital, a…

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CLDR

Cloudera

$15.51

0.13 (0.85%)

, HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

18:57
10/17/17
10/17
18:57
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18:57
Hot Stocks
Cloudera, Hitachi form strategic partnership »

Cloudera (CLDR) announced…

CLDR

Cloudera

$15.51

0.13 (0.85%)

HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

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PNFP

Pinnacle Financial

$65.15

-1.15 (-1.73%)

18:35
10/17/17
10/17
18:35
10/17/17
18:35
Earnings
Pinnacle Financial reports Q3 adjusted EPS 90c, consensus 74c »

Reports Q3 revenue…

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  • 18

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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
10/17/17
10/17
18:07
10/17/17
18:07
Hot Stocks
Fulton Financial sees FY17 loans & deposits growth mid to high single digits »

Sees FY17 non-interest…

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EXXI

Energy XXI

$8.59

-0.41 (-4.56%)

18:07
10/17/17
10/17
18:07
10/17/17
18:07
Hot Stocks
Energy XXI provides operational update on Hurricane Nate impact »

Energy XXI provided an…

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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
10/17/17
10/17
18:07
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18:07
Hot Stocks
Fulton Financial cuts Q4 net interest margin view to up 2-6 bp from 3-9 »

Cuts Q4 non-interest…

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HGV

Hilton Grand Vacations

$39.83

0.05 (0.13%)

17:45
10/17/17
10/17
17:45
10/17/17
17:45
Hot Stocks
Hilton Grand Vacations acquires Sunrise Lodge, terms not disclosed »

Hilton Grand Vacations…

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  • 30

    Nov

PRGX

PRGX Global

$6.80

0.05 (0.74%)

, KR

Kroger

$20.48

0.04 (0.20%)

17:42
10/17/17
10/17
17:42
10/17/17
17:42
Hot Stocks
PRGX Global signs multi-year technology services contract with Kroger »

PRGX Global (PRGX) signed…

PRGX

PRGX Global

$6.80

0.05 (0.74%)

KR

Kroger

$20.48

0.04 (0.20%)

03/08/13
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  • 30

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UBFO

United Security Bank

$9.50

-0.05 (-0.52%)

17:38
10/17/17
10/17
17:38
10/17/17
17:38
Earnings
United Security Bank reports Q3 EPS 16c versus 12c in year-ago period »

Reports Q3 NII $8.2M…

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UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

, XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

17:35
10/17/17
10/17
17:35
10/17/17
17:35
Hot Stocks
Xenith Bankshares merger into Union Bankshares receives regulatory approval »

Union Bankshares (UBSH)…

UBSH

Union Bankshares

$35.32

-0.18 (-0.51%)

XBKS

Xenith Bankshares

$32.77

-0.07 (-0.21%)

03/08/13
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  • 18

    Oct

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:35
10/17/17
10/17
17:35
10/17/17
17:35
Hot Stocks
OMA Airports reports Q3 terminal passenger traffic up 1.3% »

Aeronautical revenues per…

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:34
10/17/17
10/17
17:34
10/17/17
17:34
Earnings
IBM sees $2.8B-$2.9B increase in Q4 sales from Q3 »

Sees $300M-$400M boost…

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  • 17

    Oct

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    Nov

OMAB

OMA Airports

$41.34

0.28 (0.68%)

17:33
10/17/17
10/17
17:33
10/17/17
17:33
Earnings
OMA Airports reports Q3 EPS 66c, consensus 70c »

Reports Q3 revenue…

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:33
10/17/17
10/17
17:33
10/17/17
17:33
Hot Stocks
Breaking Hot Stocks news story on Select Comfort »

Select Comfort says sees…

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  • 17

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

, IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

17:32
10/17/17
10/17
17:32
10/17/17
17:32
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: IBM…

IBM

IBM

$146.54

-0.29 (-0.20%)

IBKR

Interactive Brokers

$47.40

-0.32 (-0.67%)

SSKN

STRATA Skin Sciences

$1.75

-0.04 (-2.23%)

HCLP

Hi-Crush Partners

$8.95

0.25 (2.87%)

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

NAVI

Navient

$12.20

0.47 (4.01%)

CREE

Cree

$29.34

0.06 (0.20%)

AKTX

Akari Therapeutics

$6.40

-0.08 (-1.23%)

MOBL

MobileIron

$3.80

-0.1 (-2.56%)

FOGO

Fogo De Chao

$12.05

0.1 (0.84%)

03/08/13
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  • 17

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  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 18

    Oct

  • 22

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  • 15

    Nov

  • 18

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

17:32
10/17/17
10/17
17:32
10/17/17
17:32
Hot Stocks
IBM sees increase in gross margin of 2.5 points from Q3 to Q4 »

Says not yet feeling full…

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  • 17

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    Nov

PAYX

Paychex

$62.90

-0.55 (-0.87%)

17:31
10/17/17
10/17
17:31
10/17/17
17:31
Syndicate
Breaking Syndicate news story on Paychex »

Paychex files to sell…

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  • 22

    Oct

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VZ

Verizon

$48.40

0.31 (0.64%)

17:24
10/17/17
10/17
17:24
10/17/17
17:24
Hot Stocks
FCC settles New York City E-rate investigation with Verizon »

The Federal…

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  • 19

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  • 01

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:20
10/17/17
10/17
17:20
10/17/17
17:20
Hot Stocks
Breaking Hot Stocks news story on Select Comfort »

Select Comfort expects to…

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  • 17

    Oct

IBM

IBM

$146.54

-0.29 (-0.20%)

17:17
10/17/17
10/17
17:17
10/17/17
17:17
Hot Stocks
IBM: Global business services signings up for 3rd consecutive quarter »

Says cognitive solutions…

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  • 17

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    Nov

IBM

IBM

$146.54

-0.29 (-0.20%)

17:14
10/17/17
10/17
17:14
10/17/17
17:14
Hot Stocks
IBM saw 'strong' Watson growth in Q3 »

Says absorbed $100M…

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  • 17

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ODP

Office Depot

$3.76

-0.02 (-0.53%)

17:13
10/17/17
10/17
17:13
10/17/17
17:13
Hot Stocks
Office Depot's Allison sells 360,000 common shares »

In a regulatory filing,…

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

17:12
10/17/17
10/17
17:12
10/17/17
17:12
Hot Stocks
Breaking Hot Stocks news story on Select Comfort »

Select Comfort says…

03/08/13
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  • 17

    Oct

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