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AMD

AMD

$13.30

-0.11 (-0.82%)

, NVDA

Nvidia

$179.00

-1.76 (-0.97%)

14:08
09/25/17
09/25
14:08
09/25/17
14:08

AMD, NVIDIA fall after Intel unveils next generation of core processors

Shares of AMD (AMD) and NVIDIA (NVDA), which build technology used for gaming in desktop computers, slipped after peer Intel (INTC) unveiled its latest generation core processor family for desktop. WHAT'S NEW: Before the market open, Intel announced that its new family of 8th Gen Intel Core desktop processors will be available for purchase starting October 5, saying the new family will deliver "premium performance" for PC gaming in particular. Intel noted the new family of processors, along with the Intel Z370 chipset, are "perfect" for gamers and that the 8th Gen Intel Core processors include a new Core i7 desktop processor, which the company calls the "best gaming processor ever" from Intel, as well as the first-ever 6-core Intel Core i5 desktop processor and 4-core Intel Core i3 desktop processor. Such new technology is expected to deliver frame rate improvements of up to 25% compared with 7th Gen Intel Core, Intel added. WELLS FARGO REMAINS BULLISH: Following the announcement, Wells Fargo analyst David Wong maintained an Outperform rating and $45 price target on Intel, saying the rollout of further 8th Generation Intel core processors could help stimulate demand for PCs for the remainder of 2017 and in the first half of 2018. The analyst said he believes the PC end market could continue to improve in 2017 and that Intel's Client Group revenues could be flat to up in 2017, with rising operating margins. Wong noted, however, that company-specific risks for Intel include competition from AMD and rising capital spending. PRICE ACTION: Shares of Intel are down marginally in afternoon trading, while AMD and NVIDIA have slipped 3.4% and 4%, respectively.

AMD

AMD

$13.30

-0.11 (-0.82%)

NVDA

Nvidia

$179.00

-1.76 (-0.97%)

INTC

Intel

$37.18

-0.02 (-0.05%)

  • 05

    Oct

  • 22

    Oct

AMD AMD
$13.30

-0.11 (-0.82%)

09/21/17
JEFF
09/21/17
NO CHANGE
Target $19
JEFF
Buy
Tesla partnership would be 'critical win' for AMD, says Jefferies
Jefferies analyst Mark Lipacis says that while shipments of AMD (AMD) chips to Tesla (TSLA) would not have a material impact near-term to AMD's bottom line, CNBC's report, if true, would constitute a "critical win" for AMD. The analyst says the partnership would support his thesis that with its parallel processing GPUs, AMD is a beneficiary of the "4th Tectonic Shift" thesis. Lipacis believes the headline risk to Nvidia (NVDA) in the near term will not be favorable. The analyst calls AMD a top pick with a Buy rating and $19 price target.
09/21/17
RBCM
09/21/17
NO CHANGE
RBCM
Nvidia likely to continue partnering with Tesla, says RBC Capital
After CNBC and other media outlets reported that Tesla (TSLA) would work with AMD (AMD) to improve its self-driving car chips, RBC Capital analyst Mitch Steves expects Nvidia to continue to work with Tesla and remain the dominant chip provider to the automaker. He expects "similar dynamics" to play out in the data center space, with AMD "winning some share" in the sector, and Nvidia "remaining as the de-facto standard and market share leader." He notes that Toyota (TM) and Uber both use Nvidia's technology, and he does not expect the loss of share at Tesla to impact the chip maker over the long-term. He keeps an Outperform rating on Nvidia.
09/21/17
BOFA
09/21/17
NO CHANGE
BOFA
Tesla shift to AMD from Nvidia has limited impact on either, says BofA/Merrill
BofA/Merrill analyst Vivek Arya said news reports Tesla (TSLA) is considering a shift to AMD's (AMD) internal chips from Nvidia's (NVDA) will have limited material impact on either near-term. The analyst said Tesla accounts for less than 1% of Nvidia sales and has a much bigger opportunity with other automakers such as Toyota and Audi and the potential win for AMD is more positive for perception than in numbers. Arya maintains a Buy rating on Nvidia given its data center and gaming franchises and potential growth opportunities in autonomous cars. He maintains a Buy rating on AMD to reflect potential share gains in server and PC markets, and for incremental opportunities to leverage IP in other markets.
09/21/17
BERN
09/21/17
NO CHANGE
BERN
Working with Tesla would be incremental positive for AMD, says Bernstein
Bernstein analyst Stacy Rasgon notes that CNBC reported that Tesla (TSLA) is working with AMD (AMD) to develop its own AI chips for self-driving cars. Regardless of whether AMD is truly contributing or not, the analyst points out that the idea of Tesla eventually doing their own self-driving chipsets should not be a surprise to anyone, and if it is not happening now it likely will at some point. If true, Rasgon believes the news would probably be an incremental positive for AMD, and an incremental negative for Nvidia (NVDA).
NVDA Nvidia
$179.00

-1.76 (-0.97%)

INTC Intel
$37.18

-0.02 (-0.05%)

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.
08/15/17
BERN
08/15/17
NO CHANGE
BERN
'Alarm bells starting to ring' on Intel, says Bernstein
Bernstein analyst Stacy Rasgon identified a number of negative aspects in Intel's Q2 results, including a year-over-year decline in desktop prices "for the first time in years" and overshipment of notebook PC chips, which she says increases the risk of the company's 2H17 results. Rasgon thinks that the company's 2YH17 datacenter growth targets could be aggressive, and the analyst says that "the quality of Intel's earnings continue to deteriorate." Rasgon says that "alarm bells are starting to ring" on Intel. She keeps a $30 price target and an Underperform rating on the stock.
08/25/17
CHLM
08/25/17
NO CHANGE
CHLM
Integrated Device has positive read through from Broadcom, says Craig-Hallum
Craig-Hallum analyst Tony Stoss says that Integrated Device (IDTI) has a positive read through from Broadcom's (AVGO) results. He notes that Broadcom said that its enterprise segment generated strong growth due to the release of Intel's (INTC) Purley chip. Stoss expects Integrated Device to also benefit from this catalyst, and he keeps a Buy rating on the stock.
09/12/17
JPMS
09/12/17
NO CHANGE
JPMS
JPMorgan lays out iPhone content winners and losers into launch event
JPMorgan analyst Harlan Sur believes Apple's (AAPL) launch event today will be positive for Broadcom (AVGO) and Qorvo (QRVO) as well as Micron (MU) and Intel (INTC). The analyst sees content gains by Broadcom in wireless charging, touch controller, Wi-Fi/Bluetooth and GPS connectivity, and by Qorvo in low band power amplifier duplexers share and antenna tuning. Other companies with significant Apple exposure that would benefit from increased unit sales and/or modest content gains include Intel, Skyworks (SWKS), Knowles (KN), Micron, Cypress Semiconductor (CY), NXP Semiconductors (NXPI) and Texas Instruments (TXN), Sur tells investors in a research note. The analyst sees Analog Devices' (ADI) blended content at Apple declining as he believes the company will not be the touch controller for the OLED-version of the iPhone.

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SATS

EchoStar

$54.45

-0.85 (-1.54%)

, LVLT

Level 3

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EchoStar subsidiary offers telecommunications services through Level 3 contract »

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UNH

UnitedHealth

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SRAX

Social Reality

$2.87

-0.19 (-6.21%)

09:11
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Conference/Events
Social Reality to host analyst day »

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HOG

Harley-Davidson

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Breaking Hot Stocks news story on Harley-Davidson »

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FX Action: The dollar »

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TDC

Teradata

$32.97

-0.24 (-0.72%)

, GE

General Electric

$23.36

0.38 (1.65%)

09:09
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GE Aviation and Teradata partner for airline analytics solutions »

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Teradata

$32.97

-0.24 (-0.72%)

GE

General Electric

$23.36

0.38 (1.65%)

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V

Visa

$108.30

-0.36 (-0.33%)

09:08
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Visa and Billtrust partner for B2B virtual card acceptance »

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DGX

Quest Diagnostics

$91.53

0.47 (0.52%)

09:07
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HOG

Harley-Davidson

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  • 17

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HOG

Harley-Davidson

$46.57

-0.05 (-0.11%)

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Hot Stocks
Harley-Davidson says Q3 international performance down »

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  • 17

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AMDA

Amedica

$0.29

-0.01049 (-3.46%)

09:06
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Amedica receives positive Nasdaq listing decision »

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MDXG

MiMedx

$13.51

0.31 (2.35%)

09:06
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10/17
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MiMedx warns of fake emails »

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  • 27

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BUD

AB InBev

$125.72

0.36 (0.29%)

09:05
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10/17
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Hot Stocks
Anheuser-Busch, Convoy sign multiyear partnership to advance shipping operations »

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  • 26

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U.S. equities are trading sideways »

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BKI

Black Knight

$46.85

0.05 (0.11%)

09:04
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10/17
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Hot Stocks
Black Knight, Homebot announce strategic alliance »

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  • 01

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MS

Morgan Stanley

$48.94

0.64 (1.33%)

09:03
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Breaking Hot Stocks news story on Morgan Stanley »

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CELG

Celgene

$136.71

0.25 (0.18%)

09:03
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Celgene initiated  »

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ROKU

Roku

$22.19

-0.83 (-3.61%)

09:02
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Roku expands further into Latin America, to launch two players in region »

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NEOT

Neothetics

$0.52

-0.0206 (-3.81%)

09:02
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Neothetics, Evofem Biosciences announce all-stock merger »

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ROKU

Roku

$22.19

-0.83 (-3.61%)

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ABEO

Abeona Therapeutics

$16.70

0.6 (3.73%)

09:01
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Syndicate
Abeona Therapeutics 5M share Spot Secondary priced at $16.00 »

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NFLX

Netflix

09:00
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Netflix analyst commentary  »

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  • 22

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Fed funds futures are modestly lower, having unwound early gains »

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Industrial Production to be reported at 09:15 »

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