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Fly News Breaks for January 7, 2020
AMD, NVDA, INTC
Jan 7, 2020 | 08:01 EDT
In conjunction with the CES Trade Show in Las Vegas, AMD (AMD) launched its first 7nm notebook accelerated processing units, a new top end 7nm Threadripper desktop and some additional 7nm discrete graphics processing units, Nomura Instinet analyst David Wong tells investors in a research note. AMD's steady build out of its 7nm product lines will help drive market share gains from Intel (INTC) in microprocessors and Nvidia (NVDA) in graphics processing units in 2020, contends the analyst. He reiterates a Buy rating on AMD shares with a $58 price target. The stock closed Monday down 21c to $48.39.
News For AMD;INTC;NVDA From the Last 2 Days
INTC
Feb 21, 2020 | 11:46 EST
According to research firm Canalys, the coronavirus outbreak could lead to a drop of at least 3.3%, or as high as 9%, in the volume of PCs that will ship worldwide in 2020, TechCrunch's Manish Singh reports. The firm estimates that PC shipments will fall 10.1%-20.6% in Q1, and the impact will remain visible in Q2, when the shipments are expected to fall 8.9%-23.4%, Singh says. In the best-case scenario, the outbreak would mean 382M units would ship this year, down 3.4% from last year, Singh says, noting that in the worst-case scenario roughly 362M units would ship, down 8.5% year-over-year. Publicly traded companies in the space include Lenovo (LNVGY), HP Inc. (HPQ), Dell (DELL), Intel (INTC), Apple (AAPL), Micron (MU), Western Digital (WDC), Seagate (STX), and Microsoft (MSFT). Reference Link
AMD, NVDA
Feb 21, 2020 | 09:47 EDT
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on... To see the rest of the story go to thefly.com. See Story Here