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Fly News Breaks for December 17, 2019
AMD, INTC
Dec 17, 2019 | 06:19 EDT
Piper Jaffray analyst Harsh Kumar raised his price target for AMD (AMD) to $40 from $35 while keeping a Neutral rating on the shares. After meeting with management, the analyst feels AMD's competitive positioning relative to Intel (INTC) "appears to be incrementally improving." Specifically,the CPU issues impacting Intel have now started to creep into the server side as well as the mid-end PC business, Kumar tells investors in a research note.
News For AMD;INTC 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
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