Tag Archives: AMD

The semiconductor shortage roiling industries from automakers Ford and General Motors to industrial products maker 3M is unlikely to end in 2022, hints one of the foremost minds in the space. “There’s tremendous investment that’s happening across the semiconductor industry, whether you’re talking about on the wafer side or on some of the substrates or the back-end assets. So we are making progress. I do believe that the first half of this year will continue to be quite tight. But the second… Source link

AMD CEO Dr. Lisa Su struck a very upbeat tone Monday on what the newly acquired Xilinx will mean to the chip giant’s top and bottom lines. “This acquisition is accretive in the first year for gross margins, for earnings per share and for free cash flow. It’s a good deal overall. And when we look at growth rates, what we said at the time of the acquisition is that we felt we could grow significantly ahead of the industry — 20% plus for the next few years. And we still believe that’s the… Source link

Advanced Micro Devices (AMD) is about to enter the metaverse. The chip giant said its EPYC chips were selected by Meta (formerly known as Facebook) to help power its data centers at its virtual Accelerated Data Center Premiere event Monday. AMD explained the two companies worked together to develop a high-performance, power-efficient processor based on the company’s 3rd Generation EPYC processor. “Adding Meta is certainly a very significant piece,” AMD CEO Dr. Lisa Su said on Yahoo Finance… Source link

(Bloomberg) — Advanced Micro Devices Inc. gave a strong forecast indicating that market share gains, particularly in servers, are helping it make up for a tight supply of chips. Fourth-quarter revenue will be about $4.5 billion, plus or minus $100 million, Santa Clara, California-based AMD said Tuesday in a statement. That compares with an average analyst estimate of $4.25 billion. The chipmaker is on course to exceed an earlier forecast and post a sales gain of 65% for 2021, it said. Most… Source link

(Bloomberg) — Intel Corp. fell after saying a new version of its Xeon server chip line will go into production in 2022, rather than by the end of this year as promised, the latest in a series of delays that have cost the company technology leadership of the chip industry.Rival Advanced Micro Devices Inc. rose after Intel said Tuesday that a chip design, code-named Sapphire Rapids, will begin production in the first quarter of 2022 with the “ramp” beginning the following quarter. The… Source link

The logo of Google is seen on a building at la Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau/File Photo June 17 (Reuters) – Advanced Micro Devices Inc (AMD.O) and Alphabet Inc’s (GOOGL.O) Google Cloud on Thursday said Google will offer cloud computing services based on AMD’s newest data center chip, a move likely to intensify AMD’s push to grab market share from rival Intel Corp (INTC.O). Cloud computing providers such as… Source link

In the latest trading session, Advanced Micro Devices (AMD) closed at $80.89, marking a -0.57% move from the previous day. This change lagged the S&P 500’s daily gain of 0.02%. Heading into today, shares of the chipmaker had gained 7.05% over the past month, outpacing the Computer and Technology sector’s gain of 2.08% and the S&P 500’s gain of 0.04% in that time. Investors will be hoping for strength from AMD as it approaches its next earnings release. On that day, AMD is projected to report… Source link

At Insider Monkey, we pore over the filings of nearly 887 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of December 31st. In this article, we will use that wealth of knowledge to determine whether or not Advanced Micro Devices, Inc. (NASDAQ:AMD) makes for a good investment right now. Advanced Micro Devices,… Source link

Bloomberg Family Offices Targeting 800% Returns With SPAC Economics (Bloomberg) — The Pritzkers built an empire spanning hotels to manufacturing before agreeing two decades ago to split up their fortune among 11 descendants.Karen Pritzker, one of the heirs, has parlayed that wealth into venture capital, backing firms such as Snap Inc. and Spotify Technology. Now she’s joined the wave of investors turning to blank-check firms.The Pritzker Vlock Family Office is the anchor investor for… Source link

TipRanks Billionaire Jim Simons Snaps Up These 2 Biotech Stocks Quant trading guru Jim Simons is calling it a day, sort of. The mathematician and cryptologist is famous in the investing community for bringing his analytical eye to the world of the stock exchange, creating both the quant trading revolution and a personal fortune now estimated at more than $22 billion. His has been a career of multifaceted success, and his innovations on Wall Street have influenced the strategies of two… Source link