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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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January 15, 2015
16:08 EDTINTCIntel down 2% following Q4 results, guidance
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16:08 EDTINTCIntel sees FY15 revenue growth in mid-single digits, consensus $59.19B
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16:06 EDTINTCIntel CEO says Q4 a 'strong finish to a record year'
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16:05 EDTINTCIntel reports Q4 gross margin 65.4%
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16:04 EDTINTCIntel reports Q4 PC Client Group revenue $8.9B, down 3% sequentially, up 3% YoY
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16:02 EDTINTCIntel sees Q1 revenue $13.7B, plus or minus $500M, consensus $13.77B
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16:01 EDTINTCIntel reports Q4 EPS 74c, consensus 66c
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15:14 EDTINTCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intel (INTC), consensus 66c; Schlumberger (SLB), consensus $1.46; Bank of the Ozarks (OZRK), consensus 41c; People's United (PBCT), consensus 21c; Wintrust Financial (WTFC), consensus 77c.
15:02 EDTINTC, AMDEarnings Preview: Jefferies refutes bear case on Intel
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14:14 EDTINTCIntel technical notes ahead of earnings
The shares have been in a sideways consolidation pattern for the past two months which could become an active, in this case bullish, symmetrical triangle pattern. That pattern would be confirmed and active at or above $37.75. Upside potential for the pattern at a minimum would be to the $40 area. On good news and strong guidance, that pattern could trigger. If the news disappoints, that potential pattern could become void. A move below $36 would destroy the pattern's potential. Next downside levels based on support could be at $35.26, $34.23, and $32.54.
13:29 EDTINTCIntel January 36.5 straddle priced for 3.8% movement into Q4
11:19 EDTAMDStocks with call strike movement; BBRY AMD
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06:30 EDTNVDAGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
06:27 EDTINTCIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
January 14, 2015
11:23 EDTINTCIntel lower after report says Apple may displace chips in Macs
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11:01 EDTINTCAnalyst says Apple may replace Intel chips in Macs, AppleInsider reports
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08:18 EDTINTCIntel Q4 revenue likely to be at high end of guidance range, says Pacific Crest
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07:46 EDTINTCIntel January volatility elevated into Q4 and outlook
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06:29 EDTINTCCompanies reach new deal on worker hiring issue, Reuters says
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06:16 EDTINTCIntel to expand 2-in-1 reference design to 12.5-inch display, DigiTimes says
Intel has expanded its $349-$399 2-in-1 devices' reference design to cover 12.5-inch display products, reports DigiTimes. Citing sources from notebook makers, the expansion will likely heat up competition in the 12-inch IT product segment. Reference Link
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