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Text size AMD stock has fallen by 30% over the last 12 months. Dreamstime After Intel’s disappointing earnings report last week, Wall Street expects weak PC demand to also affect the chip maker’s main rival Advanced Micro Devices. But the big question for investors is whether AMD ‘s strength in server processors and cloud computing … Read more
Text size Julius Baer of Zurich increased its stake in Intel in the fourth quarter. David Paul Morris/Bloomberg A big Swiss bank made a call in chip stocks, and loaded up on media and entertainment shares. Julius Baer of Zurich bought up Intel (ticker: INTC), Walt Disney (DIS), and AT&T (T) stock, and sold the … Read more
U.S. stocks were sharply lower in midday trade Thursday, more than erasing their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks … Read more
Chip stocks were down early Thursday after Micron Technology reported weak results and said demand for semiconductors had softened. Nvidia (ticker: NVDA) declined 0.7% in premarket trading. Advanced Micro Devices (AMD) fell 1% and Qualcomm (QCOM) slipped 0.6%. Micron (MU) retreated almost 3% after reporting earnings late Wednesday.
U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Sunday night, Dow Jones Industrial Average futures were down 39 points, or 0.1%, while the S&P 500 futures were down 0.2%, … Read more
Semiconductor maker Advanced Micro Devices (AMD) issued a third-quarter revenue warning Thursday after the close of trading. Let’s check on the charts and indicators again. Our last review on September 27 was not encouraging. In the daily bar chart of AMD, below, we can see that the shares gapped lower Friday morning and reached a … Read more
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerba/Bloomberg Democrats proposed lifting the corporate tax rate to help fund their climate and healthcare package, and if the tax remains part … Read more
Text size AMD shares are down 31% so far this year. Dreamstime Advanced Micro Devices reported better-than- expected earnings results Tuesday afternoon. But the company forecast less revenue than expected for its September quarter, sending the stock lower in after-hours trading. AMD (ticker: AMD) cited deteriorating demand in the overall PC market for its guidance. … Read more
Text size Intel was once the most valuable chip maker in the U.S. David Paul Morris/Bloomberg While badly wounded, Intel isn’t dead yet. And at least one analyst thinks there could be considerably more value in the beleaguered chip company’s shares than Wall Street generally believes. Let’s be clear: The situation is bleak. Intel (ticker: … Read more
Text size Dreamstime One of America’s largest public pensions has made big changes in some of its largest investments. In the second quarter, State Teachers Retirement System of Ohio nearly halved an investment in chip maker Advanced Micro Devices (ticker: AMD), and bought more shares of semiconductor rival Intel ( INTC ), telecom firm AT&T … Read more