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Stock Market & Financial Investment News

News Breaks
June 23, 2014
12:06 EDTNVDA, AMD, INTCAMD, Nvidia retreat after analyst downgrades shares
Shares of computer chip makers AMD (AMD) and Nvidia (NVDA) are falling after research firm Pacific Crest downgraded the stocks, saying that they will be hurt by weak PC sales. WHAT'S NEW: The number of computers sold is likely to drop 5%-10% next quarter, due to weak consumer demand and excess inventory, motherboard makers said, according to Pacific Crest analyst Michael McConnell. About 45% of AMD's chips are incorporated into consumer desktops, while less than 5% of them are used in corporate PCs, McConnell stated. Additionally, notebook manufacturers reported that AMD is losing share to Intel (INTC) in notebooks that cost less than $399, the analyst stated. Meanwhile, Nvidia (NVDA) has significantly increased sales targets for its high end Quadro graphics processing units this quarter, even though the high-end desktop GPU market is oversupplied, McConnell reported. As a result, the inventories of Nvidia's customers may be too high at the end of this quarter, the analyst warned. He downgraded AMD and Nvidia to Underperform from Sector Perform and kept a $35 price target and Outperform rating on Intel. The latter company is better positioned as it has less exposure to desktop PCs and benefits more from strong corporate PC demand than AMD and Nvidia, the analyst explained. PRICE ACTION: In late morning trading, AMD sank 3.5% to $3.95 and Nvidia fell 1.8% to $18.59, while Intel shares were little changed at $30.17.
News For AMD;NVDA;INTC From The Last 14 Days
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November 20, 2014
12:34 EDTINTCIntel sees FY15 R&D spending approximately $20B, plus or minus $400M
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12:33 EDTINTCIntel sees FY15 CapEx approximately $10.5B, plus or minus $500M
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12:32 EDTINTCIntel sees FY15 gross margin 62%, plus or minus two points
12:32 EDTINTCIntel sees FY15 revenue growth in mid-single digits, consensus $57.78B
12:31 EDTINTCIntel raises annual dividend to 96c per share
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11:52 EDTINTCIntel CEO confirms organizational change made this week
The Wall Street Journal reported earlier this week that Intel has reorganized by combing its groups that handle personal computer chips with those used for smartphones and tablets, and Intel CEO Brian Krzanich confirmed the change during the company's investor day presentation.
11:32 EDTINTCIntel says high-end gaming segment among fastest growing in PCs
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November 19, 2014
10:54 EDTNVDANVIDIA discloses Samsung files patent infringement suit
NVIDIA (NVDA) disclosed in a regulatory filing that on November 10, Samsung (SSNLF) filed a complaint against NVIDIA and Velocity Micro, in the United States District Court for the Eastern District of Virginia. The complaint alleges that NVIDIA infringed six patents and falsely advertised that the Tegra K1 processor is the world’s fastest mobile processor. Samsung seeks unspecified damages and an injunction prohibiting NVIDIA from any future violations. NVIDIA has not yet responded to the complaint.
10:29 EDTINTCGoogle now top competitor to Apple, Jefferies says
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November 18, 2014
11:50 EDTINTCIntel November volatility elevated into investor meeting
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10:55 EDTINTCIntel to host investor meeting
Investor meeting to be held in Santa Clara, CA on November 20 at 11 am. Webcast Link
09:06 EDTINTCIntel to combine two groups in new 'Client Computing' unit, WSJ says
Intel plans to reorganize by combing its groups that handle personal computer chips with those used for smartphones and tablets, according to The Wall Street Journal, citing an email sent to employees by CEO Brian Krzanich. Intel’s changes are scheduled to go into effect in early 2015, the report noted. Reference Link
06:08 EDTINTCIntel's 'Mica' bracelet to feature Google alerts, AT&T data plan, Re/code says
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November 17, 2014
07:52 EDTINTC, NVDA, AMDDepartment of Energy awards $425M for supercomputing technologies
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November 14, 2014
11:14 EDTAMDAMD awarded $32M in research grants for extreme scale computing research
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09:38 EDTAMDJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 12, 2014
15:08 EDTINTCEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:08 EDTINTCIntel reports 427.7K share position in Rocket Fuel
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12:55 EDTNVDANVIDIA says Samsung files counter-suit, patent infringement claims
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November 10, 2014
10:28 EDTNVDAIBM announces collaboration with with NVIDIA and Julich Supercomputing
IBM (IBM), in collaboration with NVIDIA (NVDA), and the Julich Supercomputing Center, part of the largest research center in Germany, announced plans for a new competency center to advance the creation and optimization of research applications on GPU-accelerated OpenPOWER compatible systems.
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