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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 05:12 EDT
Mizuho analyst Vijay Rakesh upgraded AMD (AMD) to Buy from Neutral with a price target of $55, up from $38. The shares closed Wednesday down 42c to $47.83. The 2020 server market could be stronger than current "muted" consensus expectations, Rakesh tells investors in a research note. Further, many of the "aggressive" Intel (INTC) price cuts are in the rear-view mirror and channel checks indicate potential Intel delays in the 10nm Ice Lake single socket server market, adds the analyst. As a result, Rakesh sees opportunity for AMD server share gains into the second half of 2020. While admitting he missed AMD's rally in Q4, the analyst sees more upside to consensus estimates "with some headwinds retreating."
News For AMD;INTC From the Last 2 Days
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
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 See Story Here