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Fly News Breaks for October 18, 2019
AMD, INTC
Oct 18, 2019 | 09:37 EDT
Loop Capital analyst Cody Acree is keeping his Hold rating and $50 price target on Intel (INTC) ahead of its Q3 results next week. The analyst believes that the company will likely deliver in-line earnings and may even lift its FY19 revenue guidance again after a modest raise last quarter thanks to the strong back-to-school season sales of PCs/notebooks/tablets. Longer term however, Acree contends that Intel's market share may be challenged by AMD's (AMD) new server processors, noting that the latter's new architecture and manufacturing leadership will see a period of share gains eroding Intel's data center business growth.
News For INTC;AMD From the Last 2 Days
AMD
Mar 26, 2024 | 08:56 EDT
Monday's total option volume of 35.0 million contracts resulted in net open interest growth of 5.07 million calls and 4.24 million puts. Tesla (TSLA), NVIDIA (NVDA), Micron (MU) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 48k Warner Bros. Discovery (WBD) 5/3 weekly 7 puts, 43k DoorDash (DASH) Jun-24 120 calls, 43k Bumble (BMBL) May-24 9 puts, 29k Tesla (TSLA) 3/28 weekly 170 puts and 25k Tesla (TSLA) 4/26 weekly 150 puts.
AMD
Mar 26, 2024 | 08:01 EDT
Notable profits for the buyer who lifted the $2.82 offer for 1,137 Advanced Micro Devices (AMD) 3/28 weekly 180 puts yesterday at 11:27ET when underlying shares were trading at $181.85. Shares closed at $178.63, and the puts at $4.06 for a mark-to-market profit of 44%, or $141K, on the $321K outlay.