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Stock Market & Financial Investment News

News Breaks
August 8, 2014
11:51 EDTBRCM, NVDA, QCOM, INTCNVIDIA rallies after Q2 quarter profit, Q3 revenue outlook top estimates
Shares of graphic chip maker NVIDIA (NVDA) are rallying after the company’s second quarter profit and third quarter revenue outlook surpassed analysts’ consensus estimates. WHAT'S NEW: Last night, NVIDIA reported second quarter adjusted EPS of 30c, beating analysts' consensus estimates of 20c, on revenue of $1.1B, in line with estimates. Q2 adjusted gross margin came in at a record 56.4%., the company said. Chief Executive Officer Jen-Hsun Huang noted that the company saw strong gains in Gaming, Datacenter & Cloud and Mobile, and said the company's Tesla datacenter business is benefitting from stron gdemand from cloud service providers. The executive said that the company's SHIELD tablet is generating "considerable excitement." WHAT’S NOTABLE: Looking ahead to the third quarter, NVIDIA expects revenue of $1.2B, plus or minus 2%, versus consensus $1.16B. GAAP and non-GAAP gross margins are expected to be 55.2% and 55.5%, respectively, plus or minus 50 basis points. GAAP operating expenses are forecast at approximately $463M; non-GAAP operating expenses are expected to be approximately $416M. Capital expenditures are seen at approximately $40M-$50M. During the first half of the year, NVIDIA said it returned $594M of the $1B it intends to return to shareholders in fiscal 2015. ANALYST REACTION: This morning, research firm Needham upgraded NVIDIA to Buy from Hold. The firm believes that earnings volatility has been reduced and margins have been raised by the change in the company's strategy. The firm, which has a price target of $23 on shares, believes that the stock's decline has created a good entry point. Another firm, Brean Capital, maintained a Hold rating on the shares with a mid-point target range of $20. Brean expects gross margins to be negatively affected in the second half of the year due to strength in the Tegra processor, and expects the ramp of Tegra to drive the revenue growth in Q3. The firm recommended waiting for a decline before becoming more constructive on the stock. PRICE ACTION: In late morning trading, NVIDIA rose $1.31, or 7.5%, to $18.77 on nearly twice its average daily trading volume. Including today’s advance, the stock has gained approximately 28% over the past twelve months. OTHERS TO WATCH: Other companies in the chip space include Intel (INTC), up 0.5%, Qualcomm (QCOM) up 0.6%, and Broadcom (BRCM), up 1.2%.
News For NVDA;INTC;QCOM;BRCM From The Last 14 Days
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June 24, 2015
11:01 EDTINTCHoneywell and Intel to collaborate for Internet of Things security
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09:35 EDTINTCActive equity options trading on open
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09:11 EDTQCOMApplied Micro an affordable target for Qualcomm, says Summit Research
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June 23, 2015
17:21 EDTQCOMSemiconductor Manufacturing, Qualcomm form joint venture to focus on 14nm tech
Earlier on Tuesday, Semiconductor Manufacturing International (SMI), Huawei, imec, and Qualcomm Global Trading -- an affiliate of Qualcomm (QCOM) -- announced the formation of SMIC Advanced Technology Research & Development, an equity joint venture company. The joint venture company will focus on R&D towards next generation CMOS logic technology and an advanced integrated circuit development R&D platform. SMIC Advanced Technology R&D will be majority owned by SMIC, while Huawei, imec, and Qualcomm will be minority shareholders. "By enabling fabless semiconductor companies to join the development process as shareholders, the product development cycle can be shortened and the advanced process node tape out time can be accelerated," said the statement. In the first phase, the joint venture will develop 14 nanometer CMOS technology for mass production, which will be based on imec's expertise. The project will be done at SMIC's production line. SMIC will have the rights to license the required intellectual property rights on the mass production technologies of advanced nodes developed by the joint venture company.
12:54 EDTNVDA, INTCPC concerns weighing on shares of Seagate, Western Digital
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07:41 EDTINTCRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
06:05 EDTINTCIntel pushing into SSD market and hope to surpass Samsung in 2016, DigiTimes says
Intel (INTC) is looking to push into the SSD market with its newest 750 series SSDs with technology able to enhance the transmission speed, reports DigiTimes. According to sources from the upstream supply chain, the company is also offering price cuts on its existing products in order to narrow its gap with the largest vendor Samsung (SSNLF). Sources also expect Intel to draw near to Samsung in 2H15 and may even have a chance to surpass Samsung in 2016. Reference Link
06:05 EDTINTCNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
June 22, 2015
17:55 EDTNVDA, QCOMITC staff supports clearing Samsung, Qualcomm, in NVIDIA case, Bloomberg says
The U.S. International Trade Commission staff recommends that Samsung Electronics (SSNLF) and Qualcomm (QCOM) be absolved of patent-infringement accusations brought by Nvidia (NVDA), Bloomberg reports. Reference Link
09:40 EDTINTCActive equity options trading on open
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08:35 EDTINTCKopin divests interest in Recon Instruments
Kopin (KOPN) said it had divested its equity interest in Recon Instruments as part of Intel Corporation’s (INTC) acquisition of Recon. Kopin anticipates that it will receive approximately $6M in cash proceeds for its equity interest, subject to certain closing conditions including a working capital adjustment.
June 21, 2015
16:32 EDTINTCAMD considers spinoff or break-up, Reuters says
AMD (AMD) has hired a consulting firm to help it review a potential split or spinoff, Reuters reported late Friday, citing three people familiar with the matter. Reuters notes that AMD may be seeking to better compete with Intel (INTC), and sources said one option being considered is to separate AMD's server business from its graphics and licensing arm. Though the company had previously decided against such an option, sources noted that CEO Lisa Su believes the move is worth reconsidering. Reference Link
June 19, 2015
06:26 EDTINTCIntel CEO confirms recent reports of layoffs, The Oregonian reports
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05:52 EDTQCOMStocks with implied volatility movement; AMZN QCOM
Stocks with implied volatility movement; Amazon.com (AMZN) 24, Qualcomm (QCOM) 19 according to iVolatility.
June 18, 2015
10:19 EDTQCOMQualcomm calls active
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05:56 EDTINTCIntel to debut Skylake at Gamescon in early August, DigiTimes reports
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June 17, 2015
13:17 EDTNVDAAMD advances after introducing next-generation Radeon graphics line-up
Shares of AMD (AMD) are rising today after the company introduced its next-generation Radeon graphics line-up yesterday at the Electronic Entertainment Expo or E3. "The AMD next-generation graphics cards mark a technology turning point in PC gaming, bringing super high resolutions, exceptional VR experiences, smoother gameplay, support for new, advanced APIs like DirectX 12 and Vulkan, and groundbreaking form factors to gamers everywhere through a top-to-bottom line of GPUs that fit virtually every need and budget", the company noted. Radeon R9 300 series GPUs and Radeon R7 series GPUs are scheduled for select retailer availability on June 18. The AMD Radeon R9 Fury X GPU is planned to be available on June 24. AMD competes with NVIDIA (NVDA) in the graphics processor unit or GPU product space. Shares of AMD are up around 5% to $2.47 while NVIDIA shares are up 0.75% to $21.49 in afternoon trading.
12:11 EDTINTCIntel acquires Recon, terms not disclosed
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10:00 EDTNVDAOn The Fly: Analyst Upgrade Summary
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09:04 EDTNVDANVIDIA upgraded to Buy from Neutral at Tigress Financial
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