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Fly News Breaks for December 20, 2019
AMD, INTC
Dec 20, 2019 | 06:36 EDT
Wedbush analyst Matt Bryson raised his price target on AMD (AMD) shares to $51.50 from $39.00 as he is increasingly confident in his 2021 estimates given that AMD continues to execute and Intel (INTC) continues to struggle. As evidence of the former point, Bryson points to review sites' "ubiquitously positive" take on Threadripper's launch last month, and to support the latter the analyst notes conversations with Intel customers and contemporaries since November that "have drawn a picture of Intel's shortages worsening." Bryson keeps an Outperform rating on AMD shares.
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