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AMD

AMD

$13.12

0.04 (0.31%)

, TSLA

Tesla

$375.10

-9.9 (-2.57%)

15:57
09/20/17
09/20
15:57
09/20/17
15:57

Tesla working with AMD on self-driving car AI chip, CNBC says

Tesla (TSLA) is using AMD (AMD) intellectual property as it progresses toward developing its own Artificial Intelligence chip for autonomous driving in its cars, according to CNBC, citing a source. More than 50 people within Tesla are working on the initiative, which will likely reduce its reliance on Nvidia (NVDA) products, the report added. Reference Link

AMD

AMD

$13.12

0.04 (0.31%)

TSLA

Tesla

$375.10

-9.9 (-2.57%)

NVDA

Nvidia

$187.35

-0.2 (-0.11%)

  • 02

    Oct

AMD AMD
$13.12

0.04 (0.31%)

09/11/17
JEFF
09/11/17
NO CHANGE
JEFF
Jefferies lays out cryptocurrency exposure at Nvidia, AMD
Jefferies analyst Mark Lipacis estimates that in Q2, cryptocurrency revenues accounted for about 3% of quarterly sales for AMD (AMD) and about 10% for Nvidia (NVDA). The risk of a "crypto-driven" inventory correction driving material downside is low in the near term, Lipacis tells investors in a research note. He points out that cryptocurrency prices "increased materially" since bottoming in July. Further, both companies have introduced "cryptospecific GPU SKUs" that have a low risk of competing with core gaming GPUs in secondary markets, Lipacis writes. The analyst does not think cryptocurrencies are Fad. The technology they are based on, called Blockchain, supports secure accounting of distributed ledgers and has applications in financial services beyond cryptocurrencies, the analyst argues.
08/11/17
ROTH
08/11/17
NO CHANGE
Target $150
ROTH
Neutral
Roth says Nvidia 'stands alone' in semiconductors, valuation 'only question'
Roth Capital analyst Brian Alger said Nvidia's (NVDA) performance over the past several quarters has made it clear that neither Intel (INTC) nor AMD (AMD) have been able to slow the company's growth. Nvidia "stands alone" among semiconductor companies in terms of big volume and big dollar growth potential, but valuation of its stock remains the "only question," according to Alger. He raised his FY19 revenue estimate by roughly $1B and increased his price target on Nvidia shares to $150 from $120, but maintains a Neutral rating on the stock.
08/08/17
WELS
08/08/17
NO CHANGE
WELS
AMD competitive position has improved, says Wells Fargo
Wells Fargo says that AMD's "smooth execution on important new product introductions has significantly improved" its "competitive position in microprocessors and graphics chips." The firm quotes a third party researcher as saying that the company has started to gain share in server processors.
07/31/17
WELS
07/31/17
NO CHANGE
WELS
Wells Fargo downgrades Semiconductor sector to Market Weight
Wells Fargo analyst David Wong downgraded the Semiconductor sector to Market Weight from Overweight. Recent earnings reports from chip companies suggest that year-over-year growth will likely plateau or perhaps even decelerate over the next few months, Wong tells investors in a research note. He believes many chip stocks now have "elevated multiples" off calendar 2018 earnings estimates. Wong still sees good investment opportunities in some specific stocks, however, and reiterates Outperform ratings on Intel (INTC), Qualcomm (QCOM), Micron (MU), AMD (AMD), Skyworks (SWKS) and Microsemi (MSCC).
TSLA Tesla
$375.10

-9.9 (-2.57%)

09/20/17
JEFF
09/20/17
NO CHANGE
Target $240
JEFF
Underperform
Jefferies corrects Tesla price target to $240 from $280
Jefferies analyst Philippe Houchois, who initiated Tesla yesterday morning with an Underperform rating and $280 price target, corrected his price target yesterday afternoon to $240. His original analysis had a share count error, Houchois explained.
09/19/17
09/19/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Underperform at Jefferies. 2. DowDuPont (DWDP) initiated with a Buy at Argus. 3. Intuit (INTU) initiated with an Outperform at William Blair. 4. CVS Health (CVS) initiated with an Outperform at RBC Capital. 5. athenahealth (ATHN) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/17
JEFF
09/19/17
INITIATION
Target $280
JEFF
Underperform
Jefferies, with 'heavy heart,' puts sell rating on Tesla
Jefferies analyst Philippe Houchois initiated Tesla with an Underperform rating, his firm's equivalent of a sell, and $280 price target. The electric carmaker closed yesterday up $5.19 to $385.00. The analyst, who admits Tesla's achievements to-date are "impressive" and that his rating comes with a "heavy heart," thinks the company's vertically integrated business model can't be scaled up as profitably and quickly as consensus thinks. The analyst forecasts losses for Tesla until 2020. He does not believe Tesla can deliver the 30%-35% gross margin levels that would be consistent with attractive returns in a vertically integrated business from manufacturing to distribution and supercharging.
09/19/17
JEFF
09/19/17
INITIATION
Target $280
JEFF
Underperform
Tesla initiated with an Underperform at Jefferies
Jefferies analyst Philippe Houchois initiated Tesla with an Underperform rating and $280 price target.
NVDA Nvidia
$187.35

-0.2 (-0.11%)

09/18/17
BOFA
09/18/17
NO CHANGE
Target $210
BOFA
Buy
Nvidia price target raised to $210 from $185 at BofA/Merrill
BofA/Merrill analyst Vivek Arya reiterated Nvidia as a Top Pick and raised its price target to $210 from $185 given potential upside to second half 2017 and 2018 estimates. He expects growth to be driven by an acceleration in data center capex, upcoming Volta product roll out and "unrivaled" independent performance reviews, an updated gaming survey indicating a large upgrade opportunity with premium-priced cards, and further upgrade potential for Pascal. Arya has a Buy rating on Nvidia shares.
09/18/17
RBCM
09/18/17
NO CHANGE
RBCM
Nvidia to get boost from China crypto-currency ban, says RBC Capital
RBC Capital analyst Mitch Steves believes that Nvidia will be boosted by China's ban on crypt-currency, since it is still legal there "to mine them with computing power," the analyst stated. He thinks that individuals in China who want to obtain crypto currency will buy more computing power, benefiting Nvidia. The analyst believes that "decentralized exchanges" will be created for trading crypto-currency in China, and he keeps an Outperform rating on Nvidia.
09/15/17
EVER
09/15/17
NO CHANGE
Target $250
EVER
Outperform
Nvidia price target raised to $250 from $180 at Evercore ISI
After meeting with Nvidia's CEO and CFO, Evercore ISI analyst C.J. Muse said management believes that investors still severely underestimate the impact of Artificial Intelligence and the size of the potential AI market. Meanwhile, he contends that NVIDIA is creating "THE AI computing industry standard" that will be "nearly impossible to replicate." Led by AI in the Data Center and Automotive markets, he sees Nvidia having a clear path to $10 in EPS over the next 3-5 years and raised his price target on the stock to $250 from $180. Muse keeps an Outperform rating on Nvidia shares.

TODAY'S FREE FLY STORIES

IMAX

Imax

$22.60

-0.3 (-1.31%)

08:34
02/20/18
02/20
08:34
02/20/18
08:34
Hot Stocks
Imax announces record $35M global debut of Marvel Studios' Black Panther »

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  • 27

    Feb

  • 05

    Mar

EXPD

Expeditors

$64.12

-0.07 (-0.11%)

08:33
02/20/18
02/20
08:33
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08:33
Earnings
Expeditors reports Q4 EPS 92c, consensus 63c »

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ADI

Analog Devices

$86.09

0.69 (0.81%)

08:33
02/20/18
02/20
08:33
02/20/18
08:33
Upgrade
Analog Devices rating change  »

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  • 28

    Feb

GPC

Genuine Parts

$99.83

-1.08 (-1.07%)

08:32
02/20/18
02/20
08:32
02/20/18
08:32
Earnings
Genuine Parts sees FY18 EPS $5.60-$5.75, consensus $5.93 »

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  • 20

    Feb

  • 07

    Mar

ECL

Ecolab

$131.49

-0.28 (-0.21%)

08:31
02/20/18
02/20
08:31
02/20/18
08:31
Earnings
Ecolab reports Q4 adjusted EPS $1.39, consensus $1.39 »

Reports Q4 revenue…

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  • 20

    Feb

  • 30

    May

SMP

Standard Motor

$48.20

0.3 (0.63%)

08:31
02/20/18
02/20
08:31
02/20/18
08:31
Earnings
Standard Motor reports Q4 cont ops EPS 54c, consensus 38c »

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  • 20

    Feb

AAPL

Apple

$172.43

-0.56 (-0.32%)

08:31
02/20/18
02/20
08:31
02/20/18
08:31
Technical Analysis
Technical Take: Apple slips in early trading »

At time of writing the…

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  • 23

    Feb

GPC

Genuine Parts

$99.83

-1.08 (-1.07%)

08:30
02/20/18
02/20
08:30
02/20/18
08:30
Earnings
Genuine Parts reports Q4 adjusted EPS $1.19, consensus $1.05 »

Reports Q4 revenue $4.2B,…

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  • 20

    Feb

  • 07

    Mar

GPS

Gap

$33.27

-0.06 (-0.18%)

08:30
02/20/18
02/20
08:30
02/20/18
08:30
Hot Stocks
Gap announces departure of Gap brand President and CEO Jeff Kirwan »

Gap Inc. announced that…

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  • 01

    Mar

  • 18

    Mar

ANY

Sphere 3D

$2.33

0.0999 (4.48%)

, FALC

FalconStor

$0.19

0.003 (1.65%)

08:30
02/20/18
02/20
08:30
02/20/18
08:30
Options
Two option delistings on February 20th »

Option delistings…

ANY

Sphere 3D

$2.33

0.0999 (4.48%)

FALC

FalconStor

$0.19

0.003 (1.65%)

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RUSHA

Rush Enterprises

$42.77

-0.325 (-0.75%)

08:30
02/20/18
02/20
08:30
02/20/18
08:30
Recommendations
Rush Enterprises analyst commentary  »

Rush Enterprises price…

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08:29
02/20/18
02/20
08:29
02/20/18
08:29
General news
Stocks point to lower start to week as Walmart weighs on Dow »

Stock futures are…

GOOD

Gladstone

$17.65

0.24 (1.38%)

08:28
02/20/18
02/20
08:28
02/20/18
08:28
Hot Stocks
Gladstone announces sale of Arlington, TX $5.6M »

Gladstone announced that…

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AAN

Aaron's

$43.40

-0.39 (-0.89%)

, LOW

Lowe's

$96.31

-0.2 (-0.21%)

08:28
02/20/18
02/20
08:28
02/20/18
08:28
Recommendations
Aaron's, Lowe's analyst commentary  »

Aaron's Progressive…

AAN

Aaron's

$43.40

-0.39 (-0.89%)

LOW

Lowe's

$96.31

-0.2 (-0.21%)

03/08/13
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  • 28

    Feb

  • 07

    Mar

LVMUY

LVMH

$61.94

0.68 (1.11%)

08:27
02/20/18
02/20
08:27
02/20/18
08:27
Hot Stocks
LVMH names Serge Brunschwig as Chairman and CEO of Fendi »

The LVMH Group announced…

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WAB

Wabtec

$77.27

2.66 (3.57%)

08:26
02/20/18
02/20
08:26
02/20/18
08:26
Earnings
Wabtec reports Q4 adj. EPS 90c, consensus 92c »

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  • 20

    Feb

  • 26

    Mar

ATNX

Athenex

$16.66

-0.11 (-0.66%)

08:25
02/20/18
02/20
08:25
02/20/18
08:25
Hot Stocks
Athenex announces Phase II clinical study results for KX2-391 ointment »

Athenex announced that…

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  • 21

    Feb

08:25
02/20/18
02/20
08:25
02/20/18
08:25
General news
Fedspeak is backloaded during the week: »

Fedspeak is backloaded…

IPGP

IPG Photonics

$239.36

-19.71 (-7.61%)

08:23
02/20/18
02/20
08:23
02/20/18
08:23
Recommendations
IPG Photonics analyst commentary  »

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  • 06

    Mar

  • 07

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  • 08

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  • 30

    May

FELE

Franklin Electric

$44.45

0.35 (0.79%)

08:22
02/20/18
02/20
08:22
02/20/18
08:22
Earnings
Franklin Electric reports Q4 EPS ex-items 42c, consensus 44c »

Reports Q4 revenue…

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  • 20

    Feb

SNE

Sony

$49.55

0.74 (1.52%)

08:21
02/20/18
02/20
08:21
02/20/18
08:21
Periodicals
Sony to start ride-hailing service in Japan as Uber eyes expansion, CNBC says »

Sony has partnered with…

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PATK

Patrick Industries

$66.05

-2 (-2.94%)

08:21
02/20/18
02/20
08:21
02/20/18
08:21
Hot Stocks
Patrick Industries sees Metal Moulding acquisition 'immediately accretive' »

Patrick Industries…

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DKL

Delek Logistics

$31.15

-0.35 (-1.11%)

, GPP

Green Plains Partners

$18.00

0.2 (1.12%)

08:20
02/20/18
02/20
08:20
02/20/18
08:20
Hot Stocks
Delek Logistics, Green Plains Partners announce formation of logistics JV »

Delek Logistics Partners…

DKL

Delek Logistics

$31.15

-0.35 (-1.11%)

GPP

Green Plains Partners

$18.00

0.2 (1.12%)

03/08/13
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  • 27

    Feb

YUM

Yum! Brands

$78.25

-0.72 (-0.91%)

08:20
02/20/18
02/20
08:20
02/20/18
08:20
Periodicals
Yum's KFC U.K. restaurants facing chicken shortage, shutting branches, FT says »

Yum's KFC…

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IYT

iShares Transportation Average

$189.34

-0.7 (-0.37%)

08:20
02/20/18
02/20
08:20
02/20/18
08:20
Technical Analysis
iShares Transportation Average: Pivot points »

The following are the…

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