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☆ Wall Street sees a semiconductor industry bottom coming. Here's how we're playing the stocks
▼ + stars: | 2023-04-12 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

NVDA AMD YTD mountain Nvidia vs. AMD year to date So, the question now is: Can the rally in semis continue? To help us read the tea leaves, here's a look at what Wall Street analysts are saying about the underlying fundamentals of the industry. Evercore said a "fundamental bottom" for the semiconductor industry currently playing out in March and April "has only strengthened" recently. Analysts there believe the inventory correction that's plagued the industry in recent quarters will be largely complete by the second quarter. Bottom line While there's some variation on timing, Wall Street clearly believes a bottom is in the process of playing out in the semiconductor industry.

☆ Italian drugs cartels conceal payments via Chinese shadow banks
▼ + stars: | 2023-04-06 | by ( Emilio Parodi | ) www.reuters.com time to read: +10 min

[1/3] Seized drugs are seen following an investigation on drugs cartels operating in Italy increasingly using shadow networks of unlicensed Chinese money brokers to launder their proceeds in this handout photo obtained by Reuters on April 4, 2023. Carabinieri/Handout via REUTERSMILAN, April 6 (Reuters) - Drugs cartels operating in Italy are increasingly using shadow networks of unlicensed Chinese money brokers to conceal cross-border payments, according to Italian judicial and law enforcement authorities. U.S. authorities have said Chinese “money brokers” represent one of the most worrisome new threats in their war on drugs, as a Reuters investigation in 2020 found. Chinese authorities have previously vowed to crackdown on underground banking. One of the first probes to come to light involving use of Chinese money brokers by Italian mobsters was linked to the Calabrian ‘Ndrangheta group, one of the largest crime gangs in the world.

☆ Most analysts are sticking with AMD even after 'partly cloudy' fourth-quarter earnings
▼ + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

AMD shares popped about 3%. On Wall Street, several analysts reiterated AMD shares as a buy despite the continued overhangs in the chipmaking industry, and project upside for the stock. Goldman Sachs also maintained a buy rating on AMD, saying that despite broader market challenges, the company is on track towards a positive market share trajectory. 'Partly cloudy' results Deutsche Bank analyst Ross Seymore reiterated a hold rating on the stock, citing its "partially cloudy" fourth-quarter results. AMD shares have benefited from January's market and tech shares rally, jumping 16.03% since the start of 2023.

☆ Wall Street is worried about chipmakers, one in particular, following the Intel disaster
▼ + stars: | 2023-01-30 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Wall Street analysts are starting to worry about chipmaker Advanced Micro Devices following Intel's terrible earnings results . Morgan Stanley named AMD its top pick in December knowing that there would be some risk early in the year. Earnings expectations Even though Morgan Stanley expects a weak first-quarter guidance, it still has an overweight rating and $77 price target on AMD shares. Morgan Stanley models December revenue of $5.54 billion, down 0.4% on the quarter and up 14.8% on the year. "We continue to see a long runway of potential data center gains, including potential to get traction in data center GPU over time."

Jan 27 (Reuters) - Intel Corp (INTC.O) was set to erase nearly $10 billion in market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business. The company has been steadily losing market share to rivals like AMD, which has used contract chipmakers such as Taiwan-based TSMC (2330.TW) to make chips that outpace Intel's technology. Intel, which plans to cut $3 billion in costs this year, generated $7.7 billion in cash from operations in the fourth quarter and paid dividends of $1.5 billion. With capital expenditure estimated to be around $20 billion in 2023, analysts said the company should consider cutting its dividend.

☆ Intel's 'historic collapse' triggers selloff in chip stocks
▼ + stars: | 2023-01-27 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business. "No words can portray or explain the historic collapse of Intel," said Rosenblatt Securities' Hans Mosesmann, who was among the 21 analysts who cut their price targets on the stock. The company has steadily been losing market share to rivals like AMD, which has used contract chipmakers such as Taiwan-based TSMC (2330.TW) to make chips that outpace its technology. "AMD's Genoa and Bergamo (data center) chips have a strong price-performance advantage compared to Intel's Sapphire Rapids processors, which should drive further AMD share gains," said Matt Wegner, analyst at YipitData. With capital expenditure estimated to be around $20 billion in 2023, analysts say the company should consider cutting its dividend.

☆ Intel's 'historic collapse' sparks selloff in chip stocks
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

"No words can portray or explain the historic collapse of Intel," said Hans Mosesmann, analyst at Rosenblatt Securities, who was among the 16 analysts who cut their price targets on the stock. "AMD's Genoa and Bergamo chips have a strong price-performance advantage compared to Intel's Sapphire Rapids processors, which should drive further AMD share gains," said Matt Wegner, analyst at YipitData. Intel's results are also expected to sharply reduce the cash flow available to the company at a time when the CEO is trying to revive the business by expanding contract manufacturing and building new factories in the United States and Europe. "It is now clear why Intel needs to cut so much cost as the company's original plans prove to be fantasy," Bernstein analysts said. Reporting by Aditya Soni, Nivedita Balu and Chavi Mehta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Jan 27 (Reuters) - Intel Corp (INTC.O) saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business. The company has been steadily losing market share to rivals like AMD, which has used contract chipmakers such as Taiwan-based TSMC (2330.TW) to make chips that outpace Intel's technology. Intel, which plans to cut $3 billion in costs this year, generated $7.7 billion in cash from operations in the fourth quarter and paid dividends of $1.5 billion. With capital expenditure estimated to be around $20 billion in 2023, analysts said the company should consider cutting its dividend.

☆ Bernstein downgrades AMD as personal computer market worsens
▼ + stars: | 2023-01-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Despite continued dominance in the server space, Bernstein said sliding computer and new parts demand has made Advanced Micro Devices hard to be excited about. Analyst Stacy Rasgon downgraded the semiconductor stock to market perform from outperform. He also cut the price target by $15 to $80, implying a more modest 4.5% upside from where the stock closed Monday. Rasgon said AMD's new client parts have been available at deeper discounts in less time than the prior generation because Intel 's "semidestructive behavior" resulted in an oversaturated parts market. He said AMD has potential for some risk to growth margins beyond what was expected to come as a result of broader market worries because of the sliding demand paired with rising costs.

☆ Barclays upgrades AMD, says semiconductor maker can maintain server leadership while branching out
▼ + stars: | 2023-01-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Advanced Micro Devices could rally as it maintains server leadership and branches out in other areas of technology, Barclays said. Analyst Blayne Curtis upgraded the semiconductor maker to overweight from equal weight. "We would like to see AMD capture more of the AI opportunity and are intrigued by its recently announced MI300 (CPU+GPU shipping in 2H23)." In addition to AMD, Curtis upgraded Qualcomm and Seagate Technology to overweight from equal weight given his improved outlook for companies with exposure to data centers, personal computers and headsets. On the other hand, he downgraded Applied Materials and KLA to underweight from equal weight and Veeco Instruments to equal weight from overweight, citing continued challenges for wafer fab equipment.

☆ Bullish analyst note gives troubled chipmakers a much needed boost. Here's our view
▼ + stars: | 2023-01-23 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

In the back half of 2023, analysts expect an acceleration in capex spending in both the U.S., "and potentially in China." Also supportive of AMD shares, the analysts believe that the PC inventory glut should bottom out in the current quarter. QCOM YTD mountain Qualcomm (QCOM) YTD peformance One key driver of end market improvement is headwinds in China turning to tailwinds in the second half of the year. We continue to hold that view and note again that much of the Barclays analysts' optimism is predicated on their second-half 2023 view. (Jim Cramer's Charitable Trust is long QCOM, AMD, NVDA, EMR, CAT.

☆ 11 podcasts that busy venture capitalists and founders say they trust right now
▼ + stars: | 2023-01-15 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Here are 11 great options, recommended by VCs, founders, CEOs, and other industry insiders. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is."

☆ Italian soccer great Gianluca Vialli dies at 58
▼ + stars: | 2023-01-06 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

Gianluca Vialli, the former Italian soccer forward who helped Sampdoria and Juventus win Serie A and European trophies before becoming player-coach at Chelsea, has died. Vialli and Mancini also helped Sampdoria reach the 1992 European Cup final, which it lost to Barcelona at Wembley Stadium. Mihajlović also played with Mancini at Sampdoria after Vialli left the club for Juventus. Vialli won another Serie A title at Juventus and also raised the Champions League and UEFA Cup trophies with the Bianconeri. He ended his playing career while also managing Chelsea, leading the London club to FA Cup, League Cup and Cup Winners’ Cup titles.

☆ Italy police seize Rubens masterpiece after fraud investigation
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +1 min

ROME, Dec 30 (Reuters) - Italian police said on Friday they had seized a painting on display by the 17th century Flemish master Peter Paul Rubens after a fraud investigation into its owners. The masterpiece, called "The resurrected Christ appears to his mother", was part of a "Rubens in Genoa" exhibition in the city's Doge's Palace. The oil painting, almost 2 metres high and 1.5 metres across, was ensured for 4 million euros ($4.27 million). This third figure was absent from an earlier version of the same work by Rubens but there's no suggestion that the painting is fake. ($1 = 0.9374 euros)Reporting By Gavin Jones; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ An economic soft landing is possible — we just don't know when, asset manager says
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAn economic soft landing is possible — we just don't know when, asset manager saysAlex Morris, CEO of Genoa Asset Management, discusses the Fed's decision to raise its benchmark interest rate and says a soft landing that avoids a hard recession is possible, but nobody knows when.

☆ How AMD became a chip giant and leapfrogged Intel after years of playing catch-up
▼ + stars: | 2022-11-22 | by ( Katie Tarasov | ) www.cnbc.com time to read: +6 min

After AMD and Intel parted ways, AMD reverse engineered Intel’s chips to make its own products that were compatible with Intel’s groundbreaking x86 software. Intel sued AMD, but a settlement in 1995 gave AMD the right to continue designing x86 chips, making personal computer pricing more competitive for end consumers. For those, AMD turned to Taiwan Semiconductor Manufacturing Co., which now makes all of AMD’s most advanced chips. AMD’s data center customers include Amazon Web Services, Google Cloud, Oracle, IBM and Microsoft Azure. And so now it suddenly makes sense to do more customized solutions.”Former Xilinx CEO Victor Peng and AMD CEO Lisa Su on stage in Munich, Germany, at the AMD

☆ Levi's got its start making clothes for cowboys — now it's a Gen Z status symbol. Here's how the 169-year-old retailer became the world's most iconic denim company.
▼ + stars: | 2022-11-22 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +1 min

Jeans as we know them today were born decades later when Strauss teamed up with a tailor to create riveted pants. The Levi Strauss factory in San Francisco in 1882. He purchased fabric from Strauss and made button-fly pants, which were such a hit among customers, he decided to patent them. Modern-day jeans were born, though at the time, they were called "waist overalls" or simply "overalls." The name comes from the French word "Gênes," meaning Genoa, an Italian port city where sailors often dressed in denim, Vice reports.

☆ S Africa's Libbok eager to press World Cup claims against Italy
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

"Apart from flyhalf, I can also cover fullback and centre, both inside centre or outside," Libbok told reporters on Wednesday. "I am pleased I can do that as it means I can help out the team if I am needed there. "It was something I dreamed of since I was a little kid, so it was very special for me," he said. If I got the ball from the kick-off when I came on I would probably just have run with it. "Last week we had a plan against France, as we knew there would be opportunities (to keep ball in hand).

☆ Boks shuffle pack ahead of Italy test as Wiese returns
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

Nov 15 (Reuters) - South Africa coach Jacques Nienaber has made several changes to his pack with the return of number eight Jasper Wiese and a new lock pairing for the autumn international test against Italy in Genoa on Saturday. He replaces Kwagga Smith, while Salmaan Moerat and Marvin Orie make up the second row with Eben Etzebeth rested on the bench and Franco Mostert moving to flank in place of Pieter-Steph du Toit. "It’s also good to have Jasper back against the physical Italian pack, and we know that Kwagga will spark something different when he takes the field. "Evan (Roos) also gets a chance off the bench and his skills will work well with Kwagga’s in the loose trio." Italy have had some past joy against the Springboks, beating them for the first time 20-18 in Florence six years ago.

☆ Baird upgrades AMD, says a new product can drive the chip stock nearly 40% higher
▼ + stars: | 2022-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A new product from Advanced Micro Devices is inspiring optimism from Baird. Analyst Tristan Gerra upgraded the microchip maker's stock to outperform and raised his price target to $100 per share from $65. The new target implies upside of 38.2% from Friday's close. Interest in AMD is growing as a result of Genoa's performance, said Gerra. Arcuri set a price target of $95, which is slightly lower than Gerra's but still shows upside of 31.2%.

☆ AMD catches two upgrades on Wall Street that may signal a bottom in the chip industry's slump
▼ + stars: | 2022-11-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Advanced Micro Devices (AMD) is getting some love Monday in the form of upgrades from UBS and Baird, bolstering our recent decision to halt trimming any more of the chip designer's shares. However, AMD, like many of its peers, has been decimated on Wall Street, losing 48% in 2022. In fact, UBS analysts suggest it may even be possible that shipments fell to near zero in September. As a result, they expect the new chip, which marks a significant improvement in performance to accelerate AMD's market share gains. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves in the premarket: Hasbro, Oatly, Advanced Micro Devices and more
▼ + stars: | 2022-11-14 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Advanced Micro Devices (AMD) – The chip maker's stock rose 3.2% in the premarket after receiving upgrades at both Baird and UBS. Amazon.com (AMZN) – Amazon fell 1.7% in premarket trading after Bank of America removed the stock from its "US 1" list, although it maintained a "buy" rating. Teva Pharmaceutical (TEVA) – Teva was downgraded to "underweight" from "neutral" at J.P. Morgan Securities, which cited continuing growth challenges for the drugmaker. Teva fell 2.3% in premarket action. Lilly added 1.5% in premarket trading, while Biogen rallied 5.8%.

☆ 3 takeaways from our daily meeting: Bullish on JNJ, AMD upgrades, Disney cost cuts
▼ + stars: | 2022-11-14 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Bullish on JNJ Upgrades for AMD Cost cuts at Disney 1. Cost cuts at Disney Club holding Walt Disney Co. (DIS) plans to implement a hiring freeze and trim its headcount , according to an internal memo CEO Bob Chapek sent to division heads Friday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ What Cramer is watching Monday — two AMD upgrades, Microsoft hesitancy, Alzheimer's results
▼ + stars: | 2022-11-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Baird upgrades Advance Micro Devices (AMD) to outperform from neutral (buy from hold) and raises price target to $100 per share from $65. UBS goes to a buy from neutral as well and raises price target to $95 from $75. Oppenheimer cuts price target on Club holding Nvidia (NVDA) to $225 per share from $250. Credit Suisse analyst Scott Deuschle assumes coverage on Honeywell (HON) with a neutral rating and a $202-per-share price target. Good for Club holding Eli Lily (LLY) and Biogen (BIIB), which are each working on separate experiment treatments for the disease.

[1/2] Handout image shows 4th Gen AMD EPYC processor, launched by AMD on November 10, 2022, in this undated handout image. AMD/Handout via REUTERSNov 10 (Reuters) - Advanced Micro Devices Inc (AMD.O) launched its latest data center chip on Thursday and said Microsoft Corp's (MSFT.O) Azure, Alphabet-owned (GOOGL.O) Google Cloud and Oracle Corp would be some of its customers. "What that means for enterprises and for cloud data centers is that it translates into lower capex, lower opex and lower total cost of ownership," she said. Genoa launches at a time when rival Intel Corp's (INTC.O) latest data center chip, code named Sapphire Rapids, has struggled with delays. "IDC expects AMD will stay on track, continue building up market share in public cloud deployments," said Ashish Nadkarni, datacenter and cloud analyst at IDC.

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