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Stock Market & Financial Investment News

News Breaks
March 10, 2014
06:27 EDTAMDAMD advances after CEO says business has moved away from PCs, Re/code reports
AMD's stock climbed more than 6% Friday after the company's CEO told CNBC Thursday night that 30% of its revenue comes from selling chips for devices other than PCs, according to Re/code.Tthat's up from about 4% in 2011, the website quoted the CEO as saying. Reference Link
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August 18, 2014
10:29 EDTAMDGoldman cuts sector view on semiconductors to Cautious
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08:04 EDTAMDSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.

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