NVIDIA's announcement of better-than-expected earnings for Q4 2019 caused the stock to rise 8% in after hours trading. NVIDIA reported Q4 2019 revenue of $2.21 billion, down 24% from $2.91 billion a year earlier, and down 31% from $3.18 billion in the previous quarter. Analysts expected $2.20...
The SoftBank Vision Fund has become soft on NVIDIA as it has reportedly sold all of the $3.63 billion in shares it had invested in the company. NVIDIA has seen its share price cut in half over the past 4 months and recently cut its financial guidance for Q4 2019.
In its third-quarter earnings...
AMD has reported its Q4 2018 and annual 2018 financial results. The Q4 revenue was $1.42B, with earnings of 8 cents per share; an increase of 6% y/y. This missed Wall Street estimates of $1.44 billion in revenue. AMD reported that the growth was driven by the Computing and Graphics segment...
HTC sales are still weak as its end of year financial statement showed a 61.78% decline in consolidated sales when compared to last year. This is the seventh consecutive year of decline that the company has experienced. HTC recently launched a new phone in December, but sales were still down...
Amazon has announced that it has broken its holiday sales record for most items sold worldwide. Consumers purchased millions of Amazon products such as the Echo Dot, Fire TV Stick, Kindle and more. Alexa was used to set 100 million timers this holiday season and the last package delivered via...
AMD president and CEO Dr. Lisa Su appeared on 'Squawk on the Street' to discuss the 3Q 2018 earnings release, channel GPUs, and her forecast for the upcoming year.
NVIDIA has seen its stock reach all time highs as it surged 3% to $289.36 at the close of trading today. The stock was able to eclipse the $292.06 mark briefly during the day. This means that NVIDIA stock is up 50% for the year. Analysts don't believe that AMD will launch a new graphics card...
It's been all over the financial news regarding Elon Musk's recent tweet about taking Tesla private at $420 a share and now his own board may ask him to put up or shut up. This move follows reports that the SEC is looking into his tweets. Personally, I believe taking the company private might do...
CNBC is reporting that Amazon has signed an agreement to purchase online pharmacy PillPack. While the terms of the deal were not disclosed, competing pharmacies lost $11 billion in market value after news of the purchase broke. Rite Aid dropped 11.1%, Walgreens fell 9.9%, and CVS went down by...
A report today from Smarter Analyst states that Susquehanna analyst Christopher Rolland is downgrading AMD stock to negative from neutral, with a $7.50 price target. The reason for the downgrade? Bitmain is planning to roll out a new ASIC miner for Ethereum, each having 3 motherboards, and each...
Intel released its Q4 2017 earnings today showing a 20% gain in the Data Center market. Other gains were in the IOT with a 21% gain, and the Programmable Solutions Group being up 35%. The PC-centric Client Computing Group was down 2% Y/Y. Other gains were made by reducing operating costs by 4%...
More and more it seems like cryptocurrency is the buzz word investors are looking for these days and this held true yesterday when Kodak announced their new cryptocurrency, KODAKCoin. Investors liked this news so much (WARNING auto play video) that Kodak stock doubled. By the way, the new coin...
Brian Krzanich, Intel's CEO reportedly sold $24 million in company stock, as he was contractually allowed. Krzanich sold the stock in late November, months after Google had informed the company of the security flaw in June.
To avoid charges of trading on insider knowledge, executives often put...
According to Bloomberg, Intel stock has fallen as much as 3.8 percent after the release of news yesterday (worst drop since April '17) that their cpu's produced over the last decade have a security bug. The bad news is two-fold for Intel - the fix might slow their chips down up to 30 percent -...
EA stock is down 8.5 percent this month and CNBC is attributing that fact to the latest EA stunt with loot boxes and unlocks in Star Wars Battlefront II. Furthermore, analysts believe the micro-transaction model EA is using may not be viable going forward and it really didn't help that...
Seeking Alpha editor gives a bit of preview for AMD's earning call to be given on January 31st.
Even with 18 analysts putting a negative spin on average earnings expectations, it is hard to look at AMD stock in a negative light since its share price is up around 500% since last May.