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Advanced Micro Devices, Inc. latest news:
Chip pricing trends could boost AMD, Nvidia and Micron results: analyst
Chip pricing trends remain strong, according to Mizuho analyst Vijay Rakesh, and he thinks that could bode well for Advanced Micro Devices Inc. , Nvidia Corp. , Micron Technology Inc. and Western Digital Corp. in the first half of the year. Sold-state drive (SSD) pricing looks "robust," Rakesh wrote, and "should be a tailwind for Micron and WDC." Meanwhile, regarding graphics processing unit (GPU) pricing, Rakesh thinks the trends continue to suggest "tight inventory and availability." Accordingly, he sees upside potential for Nvidia's and AMD's GPU segments for the December and March quarters. "We believe it is key to understand that pricing reflects more of a stronger GPU demand and tight GPU inventory than a pricing tailwind," he added. Nvidia shares are up 113% over the last 12 months, while AMD's stock is up 28%. The Philadelphia Semiconductor Index has risen 49% in that time, compared with a 24% gain for the S&P 500 .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 2-AMD chips exposed to both variants of Spectre security flaw
Jan 11 (Reuters) - Advanced Micro Devices Inc said
on Thursday its microprocessors are susceptible to both variants
of the Spectre security flaw, days after saying its risk for one
of them was "near zero".
UPDATE 1-AMD chips exposed to both variants of Spectre security flaw
Jan 11 (Reuters) - Advanced Micro Devices Inc said
on Thursday its microprocessors are susceptible to both variants
of the Spectre security flaw.
AMD shares slide as chip maker admits greater Spectre vulnerability
Advanced Micro Devices Inc. admitted late Thursday that its exposure to the Spectre chip vulnerability is wider than first thought. AMD shares fell 3.1% to $11.76 after hours. AMD said in a statement it defined additional steps "through a combination of processor microcode updates and OS patches that we will make available" to Ryzen and EPYC customers starting this week. Last week, AMD said there was a near zero risk of its chips being susceptible to the so-called Spectre chip exploit.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-AMD And JD.Com Collaborate To Expand Availability Of AMD Ryzen Desktop Processors In China
Advanced Micro Devices Inc(AMD): * AMD AND JD.COM ANNOUNCE COLLABORATION TO EXPAND AVAILABILITY OF AMD RYZEN DESKTOP PROCESSORS IN CHINA Source text for Eikon: Further company coverage:
BRIEF-AMD CEO On Security Vulnerabilities Says Meltdown Does Not Affect AMD'S Architecture While Spectre Does – CNBC
Advanced Micro Devices Inc(AMD): * AMD CEO LISA SU ON SECURITY VULNERABILITIES SAYS MELTDOWN DOES NOT AFFECT AMD'S ARCHITECTURE WHILE SPECTRE DOES – CNBC Further company coverage:
Advanced Micro Devices and JPMorgan Chase climb; Tesla slips
Advanced Micro Devices and JPMorgan Chase rise while Tesla and Macy's fall
Xilinx CEO retiring, COO to replace him
Xilinx Inc. said Thursday afternoon that Chief Executive Moshe Gavrielov will retire from his position on Jan. 28 and be replaced by Chief Operating Officer Victor Peng. Gavrielov has been at the helm of Xilinx for 10 years, during which time the stock has more than tripled. Peng served as executive vice president and general manager of products for Xilinx, and previously worked at Advanced Micro Devices Inc. Xilinx shares have gained 16.7% in the past year, which trails gains of larger indexes like the Nasdaq Composite Index , up 31.5%, and the PHLX Semiconductor Index , up 45.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Security flaws put virtually all phones, computers at risk
FRANKFURT/SAN FRANCISCO (Reuters) - Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp , Advanced Micro Devices Inc and ARM Holdings.
Intel shares drop on report of chip design flaw, AMD stock rallies
Intel Corp. shares fell while Advanced Micro Devices Inc. shares jumped Wednesday following a report that a design flaw in Intel chips is forcing a redesign of operating systems. Intel shares fell 3.5% to $45.22. The workarounds in Linux and Microsoft Corp. Windows operating systems could slow systems with Intel chips down by 5% to 30%, according to a report from the Register. AMD chips would not be affected, the report said. AMD shares surged 7.2% to $11.77.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
S&P 500, Nasdaq close at records as U.S. stocks rise
The U.S. stock market closed with solid gains on the first trading day of 2018, driven by a rally in technology shares. The S&P 500 and Nasdaq hit intraday records and closed at all-time highs on Tuesday, while the Dow ended only 14 points below its all-time closing high. The S&P 500 gained 22.20 points, or 0.8%, to 2,695.81. The Dow Jones Industrial Average rose 104.79 points, or 0.4%, to 24,824.01. The tech-heavy Nasdaq Composite index rallied 103.51 points, or 1.5%, to 7,006.90. Among the best performers on Wall Street, shares of Advanced Micro Devices jumped 6.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tech shares rally on first trading day of 2018 led by chips, software
Tech shares rallied on the first day of trading in 2018 Tuesday with shares of chipmakers and software publishers leading the charge. The tech-heavy Nasdaq Composite Index rose 1.3%, outpacing the 0.6% gain on the S&P 500 Index and the 0.2% rise in the Dow Jones Industrial Average . The PHLX Semiconductor Index rallied 2.1%, led by a 6.4% jump in shares of Advanced Micro Devices Inc. and a 4.8% surge in Micron Technology Inc. shares. Other chipmakers with notable gains were Nvidia Corp. , up 2.1%, Broadcom Ltd. , up 3.3%, and Teradyne Inc. , up 5.1%. Notable software gains included Electronic Arts Inc. , up 4%, Symantec Corp. , up 2.7%, and Salesforce.com Inc. , up 2.2%. Other big tech movers included Netflix Inc. , up 5%, and Alibaba Group Holding Inc. , up 5.8%, while shares of Facebook Inc. rose 2.7%, and shares of Alphabet Inc. and Apple Inc. were up nearly 2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
AMD, Nvidia's stock fall amid crytocurrency selloff
Shares of Advanced Micro Devices Inc. (AMD) sank 5.2% in active trade Friday, enough to pace the S&P 500 decliners, as they were pulled down by the chip maker's connection to cryptocurrencies, which were plunging in morning trade. Volume topped 21.5 million shares, making the stock the most actively traded on major U.S. exchanges. Also linked to cryptocurrencies, shares of fellow graphics chip maker Nvidia Corp. (NVDA) slid 1.7%.
AMD stock jumps after Macquarie upgrade
Shares of Advanced Micro Devices rose 4.7% in Monday morning trading after analysts at Macquarie Research upgraded the stock to neutral from underperform. While the analysts, led by Srini Pajjuri, see "headwinds" in the cryptocurrency market and predict only moderate share gains in both PCs and graphics processing units (GPUs), they're more upbeat about other aspects of the business, including the opportunity for growth in average selling prices [ASP] and a recent partnership with Intel Corp. . The firm predicts "further ASP tailwinds in GPUs driven by Apple iMac Pro win and the recent Intel partnership (for gaming notebooks)." The analysts also see potential for AMD's server business, thanks to "encouraging" arrangements with Microsoft Inc. , Baidu Inc. , and Hewlett Packard Enterprise Co. , though they caution that share gains will take time. They raised their price target on shares to $11, from $10. AMD shares have fallen 5.8% so far in 2017, compared with a 20% gain for the S&P 500 Index and a 40% rise for the Philadelphia Semiconductor Index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Intel's stock surges back above 50-day MA, paces Dow gainers amid broad chip sector rally
Intel Corp.'s stock surged 3.4% to pace the Dow Jones Industrial Average's gainers, and to bounce back above the widely-watched 50-day moving average line, amid a broad rally in the semiconductor sector. The stock had been hovering just above the 50-day MA line, which chart watchers use as a guide to the short-term trend, for about a week until closing just below on Thursday for the first time since Aug. 29, 2017. The line currently extends to $43.46. Meanwhile, the iShares PHLX Semiconductor ETF jumped 1.8% to $170.20, with all 30 of its equity components trading higher, but remained just below its 50-day MA at $171.25. Among the ETF's other more-active components, shares of Micron Technology Inc. climbed 0.6%, Advanced Micro Devices Inc. rallied 1.6%, Nvidia Corp. surged 2.5% and Applied Materials Inc. ran up 3.0%. All four of those stocks are below their 50-day MAs.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Nvidia crypto mining opportunities likely to persist in 2018: analyst
Analysts at RBC Capital Markets think that Nvidia Corp. will continue to benefit from the mining of cryptocurrencies in 2018, even if the Ethereum blockchain moves past the use of graphics-processing units as Bitcoin has. The analysts pointed out that there are plenty of newer cryptocurrencies for which miners could use GPUs, including monero, bitcoin gold and ethereum classic. "The near-term dynamics remain positive and without a material change to the algorithm we find it highly unlikely the opportunity goes to zero next year," they wrote in a note to clients Tuesday. "Importantly, even if the algorithms change to proof of stake long term, we believe that the need to build out a decentralized world computer will command material compute power benefiting companies such as Nvidia," they added. Susquehanna analyst Chris Rolland made a similar point about Nvidia and Advanced Micro Devices Inc. in a Tuesday note, pointing out that Ethereum joining Bitcoin as an ASIC-driven mining task would be a "modest negative" for those two companies. Nvidia shares have gained 75% so far this year, while the Philadelphia Semiconductor Index is up 36% and the S&P 500 is up 19%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
AMD, Nvidia stocks fall as analyst says AI will need different chips in 2018
Shares of Advanced Micro Devices Inc. and Nvidia Corp. fell 1.7% and 1.3%, respectively, in Tuesday morning trading, after analysts at Susquehanna suggested that application-specific integrated circuits (ASICs) could become more important than graphics processing units (GPUs) for 2018. "Nvidia was in the right place at the right time," wrote the analysts, led by Christoper Rolland, as its GPUs made for gaming purposes proved useful for complex artificial-intelligence tasks as well. "However, our discussions with numerous thought leaders in the industry suggest ASICs may replace much of today's GPU infrastructure over time," he added. Plus, GPUs could become less useful for the mining of cryptocurrencies in 2018, according to Rolland. AMD shares have fallen 12% so far in 2017, compared with an 80% gain for Nvidia shares. The S&P 500 is up 19% this year, while the Philadelphia Semiconductor Index has gained 37%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Technology ETF tumbles as chipmakers weigh
The largest exchange-traded fund to track the technology sector fell on Monday, diverging from the broad market's strong upward bias as semiconductor and large-capitalization internet stocks tumbled on the day. The fund fell 1.3%, compared with the 0.4% rise of the S&P 500 . Chipmakers were among the biggest drags within the sector, with the PHLX Semiconductor index down 2.9%. Every component of the semiconductor index fell on Monday amid valuation concerns and fear that supply of memory chips was catching up with demand. Advanced Micro Devices fell 7.1% while Micron Technology shed 5.8%. Nvidia Corp lost 5.7% on the day. The group has been one of the strongest sectors of the market this year, with the index up about 35% in 2017. Separately, some of tech's biggest 2017 gainers were also lower on the day. Facebook fell 1.9% while Microsoft Corp. was down 2.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Nvidia's stock sinks toward biggest 3-day selloff in 21 months
Shares of Nvidia Corp. sank 7.4% on heavy volume in midday trade Wednesday, as they suffered a third-straight loss following Friday's record close. Volume swelled to 16.3 million shares, already more than the full-day average of 12.6 million shares. The stock has now plunged 10.1% during its losing streak, the biggest three-day selloff since it tumbled 10.6% during the three-day stretch ending Feb. 8, 2016. On Tuesday, shares of Nvidia and rival graphics chip maker Advanced Micro Devices Inc. took a hit after Mizuho analyst Vijay Rakesh warned that the cryptocurrency market could become less meaningful for chip companies. AMD's stock slid 3.2% on Wednesday. The stocks' selloff comes amid broad weakness in the chip sector, with the PHLX Semiconductor Index shedding 4.4%. The chip sector tracker has now lost 5.7% since closing at a record high on Friday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Nvidia benefits from rising cryptocurrency prices, analyst says
A "notable shift" higher in cryptocurrency prices should be good for chip maker Nvidia Corp. , RBC Capital Markets analyst Mitch Steves said in a note Friday. A sharp rise for digital currency like ether, Monero, zCash and bitcoin gold in the past three weeks has helped bring down the time gap between mining these currencies and getting paid, Steves contends, which should at least maintain demand for Nvidia graphics processing units miners are using. "For illustrative purposes, when the price of Ethereum was at $300 the payback period was ~9.4 months; today, it is now ~5.6 months--a change we view as material," Steves wrote. Nvidia, as well as rival Advanced Micro Devices Corp. , have received a boost this year from sales to cryptocurrency miners, who use their GPUs to help create the digital currency. Nvidia shares have more than doubled this year and AMD shares are up 0.2% while the S&P 500 index has gained 16%. RBC has a buy rating and $250 price target on Nvidia stock, which was trading about 0.8% higher Friday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Nvidia stock options traders brace for some post-earnings volatility
Traders of Nvidia Corp.'s stock options are anticipating a little more than average volatility in the stock after the graphics chip maker reports fiscal third-quarter results Thursday, after the closing bell. An options strategy known as a "straddle," which involves the simultaneous buying of bullish call and bearish put options at the same price, is pricing in a one-day post-earnings move of 7.5% in either direction on Friday. That compares with an average move of 7.3% over the past eight years. Over the past 32 quarters, the stock rose the day after earnings 20 times and fell 12 times. The average move for the stock on an up day was 8.8% while the average decline has been 4.8%, according to an analysis of FactSet data and SEC filings. The day after rival Advanced Micro Devices Inc. reported third-quarter results, after the Oct. 24 close, its stock had tumbled 13.5%. On Tuesday, Nvidia's stock was up 1.1% in afternoon trade. It has run up 23% over the past three months, while the PHLX Semiconductor Index has climbed 20% and the S&P 500 has gained 4.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. stocks end lower after disappointing earnings
U.S. stock-market indexes closed lower on Wednesday following a string of disappointing earnings results. The S&P 500 closed 11.98 points, or 0.5%, lower to 2,557.15, with losses across all 11 main sectors. The Dow Jones Industrial Average tumbled 112.30 points, or 0.5%, to 23,329.46. The tech-heavy Nasdaq Composite index declined 34.54 points, or 0.5%, to 6,563.89. Among the worst performers, Chipotle Mexican Grill, Inc plunged 14%, while Advanced Micro Devices and Alaska Air Group, Inc lost about 13% each. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
AMD's stock tumbles after 'meh' gross margin outlook offsets 'solid' earnings beat
Shares of Advanced Micro Devices Inc. tumbled 9.8% in very active premarket trade, as the chip maker's better-than-expected results and outlook weren't quite good enough to support recent sharp gains. Volume bulged to over over 3.9 million shares a little over an hour before the open, making the stock the most actively traded in the premarket. Stifel Nicolaus analyst Kevin Cassidy said the third-quarter beat was "solid," but gross margin expansion was just "meh." He reiterated his hold rating, saying the lack of sequential gross margin expansion "has us questioning" how customers are valuing AMD's new products, or whether market acceptance is slower than anticipated. Susquehanna's Christopher Rolland kept his rating at neutral, saying he was also disappointed in the gross margin outlook. He said that although the overall fourth-quarter outlook beat expectations, he was disappointed that it indicated AMD's core business was decelerating, and suggested a "marked slowdown" in cryptocurrency-related sales. The stock has run up 26% year to date through Tuesday, while the tech-heavy Nasdaq 100 has rallied 25% and the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
AMD shares decline even after earnings beat
Advanced Micro Devices Inc. shares declined in the extended session Thursday even after the chipmaker topped Wall Street estimates for the quarter. AMD shares, which are usually volatile after earnings, fell 6.5% to $13.33 after hours. The company reported third-quarter net income of $71 million, or 7 cents a share, compared with a loss of $406 million, or 50 cents a share, in the year-ago period. Adjusted earnings were 10 cents a share. Revenue rose to $1.64 billion from $1.31 billion in the year-ago period. Analysts surveyed by FactSet had estimated 8 cents a share on revenue of $1.51 billion. For the fourth quarter, AMD estimates revenue to decline 12% to 18% sequentially, which works out to $1.34 billion to $1.44 billion. Analysts, on average, expect revenue of $1.34 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chipmaker AMD reports 25.7 pct rise in quarterly revenue
Oct 24 (Reuters) - Advanced Micro Devices Inc
reported a 25.7 percent rise in quarterly revenue on Tuesday,
its sixth straight quarter rise, aided by a slew of launches
such as the Epyc processors for servers and a new range of Ryzen
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