Advanced Micro Devices, Inc.NYSE
Mon, Dec. 5, 8:55 AM
Thu, Dec. 1, 10:55 AM
- Notable early (2%+ losses): Alphabet (GOOGL -2.25%, GOOG, -2%) Facebook (FB -3.4%), Twitter (TWTR -3.9%), Oracle (ORCL -3.3%), Salesforce (CRM -4.2%), VMware (VMW -3.5%), Alibaba (BABA -2.7%)
- 5%+: Qualcomm (QCOM -4.9%), Nvidia (NVDA -7%), Advanced Micro Devices (AMD -7.1%), Micron Technology (MU -5.5%)
- 8%+: Cirrus Logic (CRUS -8.8%), Gigamon (GIMO -9.5%)
Tue, Nov. 22, 10:51 AM
- Analyst Ian Ing moves from $87 to $106 (current price $92.77) on Nvidia (NVDA) and $8 to $10.50 (current price $8.74) on Advanced Micro Devices (AMD -1.9%). Retains Buy ratings on both.
- Regarding Nvidia, points out competition is rising as major suppliers pack into artificial intelligence, though nonetheless views Nvidia's GPUs favorably as incumbent usage among developers and user-friendly tools make the solutions difficult to challenge.
- On Advanced Micro Devices, forecasts within coming months Zen-based products to be disclosed by major OEM customers, third-party indications Zen is competing and clarity on data center workloads Zen could be advantaged in relative to Intel.
- Related (November 16): MKM Partners estimates artificial intelligence a $15B+ silicon opportunity by 2025
Wed, Nov. 16, 2:35 PM
- In a note on the hypothesis, analyst Ian Ing spotlights advantage for Nvidia's (NVDA +6.2%) GPUs, Intel's (INTC -0.5%) and Xilinx's (XLNX -0.4%) field-programmable gate arrays, and Intel's co-processors and full-custom solutions. Regarding Advanced Micro Devices (AMD +9.4%), considers to be "too resource constrained to fully address the opportunity."
- Potential and acceleration in data center machine learning ($2B-$4B), autonomous driving ($9B+ per 10% unit share increment) and deep learning ($4B) [drones, robots, niche verticals etc.] represent base calculation of the $15B+ figure.
- With developments evolving quickly in the space, and other supply players involved (i.e. Qualcomm/NXP Semiconductors etc.), shifts in advantage and opportunity throughout the field, and these names, are of course nonetheless constantly in motion.
- Ing rates Nvidia and Intel at Buy with respective $87 (current price $91.44) and $44 (current price $34.73) targets. Xilinx is set at Neutral with a $35 target (current price $53.66) while Advanced Micro Devices is unrated in the issued commentary.
Fri, Nov. 11, 9:25 AM
Thu, Nov. 10, 5:37 PM
- Wrapped up in an overall downward move in the technology sector and though still not enough to move into positive territory on the day-term (-9.29% at close), Advanced Micro Devices is nevertheless active higher in extended trade following release of a robust Q3 report out of Nvidia.
- Nvidia founder and CEO Jen-Hsun Huang cites strong performance across the company's product lines encompassing gaming, virtual reality, self-driving car and datacenter products. The conference call on the quarter is ongoing right now.
- AMD (NYSE:AMD) shares to $6.60 after hours.
Thu, Oct. 27, 2:00 PM
- MacBook Pro – all-metal design, 13-inch and 15-inch models in silver and space gray, thinnest and lightest Pro ever, 2x larger Force Touch trackpad, retina display Touch Bar (adapts to in-use software), Touch ID fingerprint sensor, Apple T1 Chip (with Secure Enclave), Intel Core i7 (NASDAQ:INTC) and Radeon Pro (NYSE:AMD) GPU (Polaris architecture) on 15-inch model, priced at $1,499, $1,799, $1,999 for 13-inch options and $2,399, $2,799 for 15-inch, available to order today
- TV – "future of TV is apps," 8K apps across broad range of categories, 2K games (Minecraft forthcoming), 1.6K apps from video content provides, live news, sports and movies, Twitter (TWTR +2.2%) integration (Thursday Night Football demoed), "TV" app (unified experience through TV, iPhone, iPad; Siri capabilities; available December)
- Update (2:25PM ET): Event concluded. Although other Mac hardware developments were speculated (iMac, MacBook Air), the MacBook Pro was the most highly anticipated. A streamlined 12 to 15-inch offering range, inclusive of the MacBook, is targeted.
- Apple (NASDAQ:AAPL) shares 0.53% lower on the day.
- Yesterday: Microsoft upgrades Surface Book, introduces Surface Studio, updates on mixed-reality and other initiatives
Tue, Oct. 25, 3:00 PM
Fri, Oct. 21, 3:00 PM
Fri, Oct. 21, 2:15 PM
- Analyst Tom Sepenzis maintains his $8.50 target (current price $6.54).
- Forecasts seasonal pauses for December and March, though remains encouraged by new products forthcoming in 2017. Further highlights Computing & Graphics segment is well-positioned for growth on both GPU and CPU prospects.
- Notwithstanding AMD's (AMD -6.5%) after-earnings downturn, shares are still higher by 3.5% on the month, 25% over the last three and 210% on the year.
- Yesteray: Advanced Micro Devices -4% despite above-consensus Q3
- Q3 earnings call transcript
Thu, Oct. 20, 5:36 PM
Thu, Oct. 20, 4:49 PM
- Results (non-GAAP) – revenue $1.307B (+22.6% Y/Y, +27% Q/Q; $90M above estimates), operating income $70M, operating expenses $353M (vs. $342M Q/Q) net income $27M, gross margin 31%, EPS $0.03 ($0.04 above estimates)
- Debt for the quarter came in at $1.632B, $606M below Q2 levels.
- Segment revenues – Computing and Graphics [$472M] +9% Q/Q, +11% Y/Y; Enterprise, Embedded and Semi-Custom [$835M] +41% Q/Q, +31% Y/Y
- Projections – For Q4, 18% sequential revenue decrease (+/- 3%)
- Advanced Micro Devices (NYSE:AMD) president and CEO Dr. Lisa Su: "Our third quarter financial results highlight the progress we are making across our business. We now expect to deliver higher 2016 annual revenue based on stronger demand for AMD semi-custom solutions and Polaris GPUs. This positions us well to accelerate our growth in 2017 as we introduce new high-performance computing and graphics products."
- Additional documents
- Conference call
- Press release
Thu, Oct. 20, 4:16 PM
Thu, Oct. 20, 4:51 AM
- An adviser to the Court of Justice of the European Union (ECJ) has backed Intel's (NASDAQ:INTC) appeal against a record €1.06B ($1.16B) fine for antitrust violations and believes a lower court should review it.
- "Intel's appeal...for abuse of its dominant position should be upheld," Advocate General Nils Wahl said.
- EU regulators imposed the penalty in 2009 for Intel's attempts to stifle Advanced Micro Devices (NYSE:AMD). This included giving rebates to major PC makers for purchasing the bulk of their computer chips from Intel.
Wed, Oct. 19, 5:35 PM
Mon, Oct. 17, 10:10 AM
- From Underperform previously.
- Analyst Rick Schafer attributes lower risk involving balance sheet and near-term sales momentum to the adjustment.
- AMD (AMD +2%) will report Q3 results on Thursday.
- Last week: Advanced Micro Devices upgraded to Neutral at Credit Suisse