Nvidia (NASDAQ: NVDA) and Roblox (NYSE: RBLX) play essential roles in the metaverse. Nvidia dominates the graphics processing unit (GPU) market, a component critical to power virtual worlds. Roblox provides a creative platform that draws creators and users who will drive the meta
What happened
Semiconductor giant Advanced Micro Devices (NASDAQ: AMD) stock is up 4.2% as of 12:30 p.m. ET Monday -- the first trading day of the New Year.
Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options begin trading today, for the May 20th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 137 days until expiration the newly trading cont
In early trading on Monday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 8.7%. Year to date, Tesla registers a 8.7% gain.
We think that Advanced Micro Devices (NASDAQ:AMD) currently is a better pick compared to Microchip Technology (NASDAQ:MCHP). AMD stock currently trades at almost 12x trailing revenues, more than that of Microchip, whose P/S multiple stands at around 8x. Does this gap
Technology stocks continued to edge lower, with the SPDR Technology Select Sector ETF (XLK) Friday slipping 0.3%, although the Philadelphia Semiconductor Index was climbing 0.2% this afternoon.
CES will now end a day earlier than planned, on Jan. 7, the organizer of the global technology and gadget show said, after companies including Amazon.com Inc and BMW dropped out of attending the Las Vegas event in person due to Omicron concerns.
The First Trust Long/Short Equity ETF is seeing unusually high volume in afternoon trading Friday, with over 169,000 shares traded versus three month average volume of about 34,000. Shares of FTLS were down about 0.1% on the day.
Facebook's recent corporate rebrand to Meta Platforms has set off a firestorm of media headlines surrounding terms like "metaverse," "web 3.0," and "cryptocurrencies." But even before that, lots of organizations had already started upgrading their data centers to get ready for mo
Technology stocks were edging higher pre-bell Friday. The Technology Select Sector SPDR ETF (XLK) was up by 0.09%, while the Semiconductor Sector Index Fund (SOXX) was advancing by 0.20%.
Advanced Micro Devices' (AMD) planned acquisition of Xilinx for $35 billion will not occur by year-end. Citing confirmation from both companies, Reuters reports that the deal is now expected to close in the first quarter of 2022. AMD shares fell 2.10% to close at $145.15 on December 30.
Advanced Micro Devices is a semiconductor company that manufactures and distributes chipsets, discrete and integrated graphics processing units used in computers, and data centers. AMD's earnings report for Q4 2021 is scheduled for February 01, 2022.
Regulatory Hurdles
AMD reached an agreement to acquire Xilinx in October as it seeks to strengthen its competitive edge against rival Intel (INTC) in the data center chip market. The company expected to secure regulatory approval by year-end. It has since been confirmed that it is yet to complete the process.
The regulatory process has been delayed by tensions between the U.S. and China. Deals involving semiconductor and chip companies have faced significant regulatory hurdles from Chinese regulators, known for their intense antitrust reviews.
AMD is not the only company to face regulatory pressure amid the acquisition push. Nvidia (NVDA) has also seen its proposed acquisition of U.K.-based chip firm ARM Ltd. take much longer than anticipated. The company has also struggled to secure regulatory approval. The U.S. Federal Trade Commission has moved to lock the deal citing competition concerns.
Stock Rating
Deutsche Bank analyst Ross Seymore recently reiterated a Hold rating on AMD stock and raised the price target to $120 from $113, implying 17.33% downside potential to current levels. According to the analyst, 2021 has been one of the strongest years for the semiconductor sector, characterized by revenue growth on strong demand across the market. The analyst expects supply to be the biggest driver of fundamentals in the industry in 2022.
Consensus among analysts is a Moderate Buy based on 14 Buys and 9 Holds. The average AMD price target of $143.15 implies 1.38% downside potential to current levels.
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Stock Market Futures Edge Lower Going Into New Years Eve Trading DayA popular question among investors today could be “Is the stock market open on New Year’s Eve?” Well, the answer to that question for this year is a yes. In fact, it will be the first time in a
Chip company Advanced Micro Devices Inc's $35 billion all-stock deal for peer Xilinx is now expected to close in the first quarter of 2022, delayed from a previous target of end-2021, the companies said on Thursday.