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Fly News Breaks for March 5, 2020
AMD, IBM, INTC, HPE, NVDA
Mar 5, 2020 | 07:41 EDT
Rosenblatt analyst Hans Mosesmann noted that AMD (AMD) announced yesterday that it would be supplying both EPYC CPUs and Radeon GPUs in the DOE's 2 exaflop capable El Capitan supercomputer, which is a win that he called "huge." The El Capitan win "has immense implications for HPC/supercomputing markets" because next generation supercomputing architectures are leading indicators for where hyperscale and PC compute platforms are headed, argues Mosesmann. He also suspects the Street is not registering is that these contracts were expected to go to the pair of IBM (IBM) and Nvidia (NVDA) and/or to Intel (INTC), the analyst contends. The El Capitan win is an important element of the AMD story being much more than a market share gain one, contends Mosesmann, who keeps a Buy rating and $65 price target on AMD shares.
News For AMD;HPE;IBM;NVDA;INTC From the Last 2 Days
NVDA
Aug 14, 2020 | 09:40 EDT
Unusual total active option classes on open include: XPO Logistics (XPO), Kratos Defense (KTOS), Elanco Animal Health (ELAN), AMC Entertainment (AMC), DraftKings (DKNG), RKT (RKT), U.S. Natural Gas Fund (UNG), NVIDIA (NVDA), General Motors (GM), and CrowdStrike Holdings (CRWD).
INTC
Aug 14, 2020 | 05:45 EDT
Stifel analyst Patrick Ho says Applied Materials (AMAT) on Thursday reported strong results and provided a relatively optimistic outlook for the rest of 2020, while Micron (MU) provided a more cautious outlook on overall memory fundamentals at a virtual conference. The analyst believes both advanced logic and China foundry/logic will be both second half-weighted and these customers provide a lift for Applied, and that equipment names like KLA Corp (KLAC), ACM Research (ACMR) and Ultra Clean (UCTT) are likely beneficiaries in CY20-2H20. Ho further thinks materials/consumables names like Entegris (ENTG) and FormFactor (FORM) are likely beneficiaries from Intel (INTC) continued ramp of 10nm and believes a pickup in China also benefits Photronics (PLAB).
NVDA
Aug 13, 2020 | 07:30 EDT
Raymond James analyst Chris Caso raised the firm's price target on Nvidia to $500 from $370 and keeps an Outperform rating on the shares ahead of the company's Q2 results. While the stock has had a good run, Caso thinks Nvidia has among the strongest product cycles in semis, given the continued ramp of Ampere for datacenter, and the upcoming ramp of the new gaming chip, for which it appears the launch will occur on August 31.
AMD
Aug 12, 2020 | 08:55 EDT
Tuesday's total option volume of 33.3 million contracts resulted in net open interest growth of 3.62 million calls and 3.13 million puts. Apple (AAPL), NIO (NIO), AT&T (T) and Advanced Micro (AMD) saw the greatest growth. Top five new positions opened include 35k AT&T (T) Sep-20 30 puts, 24k Melco Resorts (MLCO) Sep-20 22 calls, 21k Ford (F) 9/25 weekly 7 puts, 20k Regions Financial (RF) Sep-20 13 calls and 20k Ford (F) Aug-20 7.5 calls.