AMD Topped Out For Now
Advanced Micro Devices Inc. (NYSE: AMD) returned to profitability with $0.09 in non-GAAP EPS versus an expected loss. The problem is that the guidance failed to impress. AMD was originally up in the after-hours session, but as has been the case many times its guidance disappointment sent shares from being up to being down. This [...]
Chips Beating and Challening 52-Week Highs (INTC, LLTC, SMH, AMD)
Chip stocks are almost all trading higher this morning after Intel Corporation (NASDAQ: INTC) and Linear Technology Corp. (NASDAQ: LLTC) beat earnings and gave upbeat outlooks. LLTC is up 3.5% at $30.69 on 40,000 shares, versus a 52-week range of $20.26 to $31.21. Intel is up 4.7% at $23.85 above yesterday’s $22.82 high of the [...]
NVIDIA/AMD Win As Intel Scraps Chip (NVDA)
NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NYSE: AMD) surging this morning after Intel Corp. (NASDAQ: INTC) has canceled the launch of its own graphics chipset based on its own Larrabee design. The reason cited was because the silicon and software development were said to be behind where Intel was hoping they would [...]
AMD Screamer (AMD)
Advanced Micro Devices Inc. (NYSE: AMD) is screaming higher after settling its claims with Intel. The move is so much you have to wonder if it will stick. The basic terms are: AMD and Intel obtain patent rights from a new 5-year cross license agreement, Intel and AMD will give up any claims of breach [...]
AMD Down on Ruiz Insider-Galleon Ties (AMD)
Advanced Micro Devices (NYSE: AMD) is taking a hit this morning. Former-CEO Hector Ruiz has been implicated as a CEO who may have given insider information to the Galleon Funds in the recent scandal that is still spreading out. Shares are down 3.5% at $4.97 at 8:20 AM EST on 50K shares, but shares were [...]
AMD Gets Chopped Down (AMD)
Advanced Micro Devices Inc. (NYSE: AMD) is getting lashed this morning as shares are down 5.8% at $5.83 As of 8:31 AM EST we have seen only about 350,000 shares trade versus a 27 million share average. This one fell by 3.72% to $5.96 last night, but on some 8,237,097 shares after earnings. This one [...]
Intel Drives Friends and Rivals (INTC, DELL, MSFT, AMD, NVDA, MU, RMBS)
Intel Corporation (NASDAQ: INTC) guidance is driving the tech sector, despite Dell Inc. (NASDAQ: DELL) already giving a lift to the sector…..Right before the open at 9:28 AM EST Intel stock is up 4.5% at $20.35 on about 8 million shares. Look at peers and competitors: Advanced Micro Devices Inc. (NYSE: AMD) is up over [...]
AMD Surges Higher (AMD)
Advanced Micro Devices (NYSE: AMD) is rocketing higher this morning. At 8:29 AM EST, AMD is trading up about 5% at $3.90 on over 250,000 shares this morning after it was raised to BUY at Citigroup. The note gives a 45% discount to peers in its valuation call. Average volume is 20 million shares and [...]
PREMARKET ALERT: Advanced Micro Devices (AMD, INTC)
Advanced Micro Devices Inc. (NYSE: AMD) are down 11 percent to $3.63 on early premarket volume of more than 43,000 shares. The chipmaker reported a loss last night of 62 cents a share ex items. Analysts had been anticipating a loss of 47 cents a share. Revenue fell 13 percent from the same period a year earlier [...]
PREMARKET WATCH: Intel (INTC, AMD)
Intel Corp. (Nasdaq: INTC) shares are usually among the most active Nasdaq stocks in premarket trading, but they will be ones to watch for potentially above-average volume this morning. The stock was upgraded by JMP Securities to Outperform from Market Perform. The research firm noted an ongoing market recovery, revenue opportunities from off-site computing and [...]
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