Seeking Alpha

AMD, Nvidia hit by Pac Crest downgrades

  • Pac Crest has downgraded GPU archrivals AMD (AMD -3%) and Nvidia (NVDA -2%) to Underperform. The firm cites checks that point to weak motherboard production and a major Q/Q drop in high-end graphics card shipments.
  • Digitimes recently reported global graphics card shipments (not the same as end-user demand) were set to fall 30%-40% Q/Q in Q2 due to high inventories, and that AMD/Nvidia were responding by cutting shipments rather than prices.
  • Separately, AMD has unveiled the FirePro W8100, a workstation card that support 8GB of GDDR5 RAM and 2.1 teraflops of double precision compute performance. A flagship card (the FirePro W9100) supporting 2.62 teraflops of double precision compute performance was launched in April.
  • The W8100 launch comes shortly after AMD said it would direct more resources towards FirePro going forward. Nvidia's Quadro GPU line currently towers over the workstation market.
  • BofA/Merrill downgraded Nvidia last week.
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Comments (7)
  • Justin Jaynes
    , contributor
    Comments (3162) | Send Message
     
    Couple articles to read from contributors (second link being mine) here on Seeking Alpha regarding the downgrade -

     

    http://bit.ly/1yF1KQy
    http://bit.ly/1yF1KQA
    23 Jun 2014, 10:07 AM Reply Like
  • Tri Duong
    , contributor
    Comments (1498) | Send Message
     
    MB and Graphics drop every year on Q2. Q1 was artificially boosted by Litecoin demand. This made Q2 drop seems higher. That is all.

     

    Here's the guy from Pac Crest covering AMD
    http://bit.ly/1yF1Zew
    23 Jun 2014, 10:09 AM Reply Like
  • Chris Lau
    , contributor
    Comments (2046) | Send Message
     
    Here's Michael McConnell's track record:
    http://bit.ly/1wn3ifZ - Ranked #1176 out of 3123 Analysts (Ranked #2392 out of 6608 total experts)
    23 Jun 2014, 10:37 AM Reply Like
  • Stephen Aniston
    , contributor
    Comments (2706) | Send Message
     
    Last time we see AMD below 4 in the near future. Buy buy buy!
    23 Jun 2014, 12:11 PM Reply Like
  • Justin Jaynes
    , contributor
    Comments (3162) | Send Message
     
    I don't know - Stacy Rasgon has been all quiet recently. Wondering how long before he throws his hat in the downgrade/reiterate doom pile?
    23 Jun 2014, 12:51 PM Reply Like
  • Chris Lau
    , contributor
    Comments (2046) | Send Message
     
    Stacy Rasgon is rated 0.5 stars and Ranked #2901 out of 3123 Analysts (Ranked #6085 out of 6608 total experts)

     

    TipRanks Link: http://bit.ly/1yGcSg3
    23 Jun 2014, 03:25 PM Reply Like
  • MYWINE
    , contributor
    Comments (3) | Send Message
     
    That are possibility buy NVDA for cheap price. Company have long contracts for automobiles computing (Tesla, Audi). I think target price are $28 for next 12 month.
    23 Jun 2014, 02:40 PM Reply Like
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