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☆ Why AMD is faring much better than Intel in the same tough economy
▼ + stars: | 2023-01-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

While Intel is expecting declines across the board, AMD's data center business is growing with the introduction of a new chip, and its pandemic-era acquisition of specialty chip-maker Xilinx is also contributing growth. AMD's data center business is growing strongly, however, up 42% on an annual basis to $1.7 billion. AMD released its latest data center chips, the fourth-generation Epyc processors, in November. AMD expects its data center business to grow this year while PC chips and graphics processors for gaming decline. AMD's data center business faces tough macroeconomic conditions too, but on Tuesday, Su signaled to investors that its gains would come at Intel's expense.

☆ AMD delivers a Q4 beat amid industry headwinds, validating the Club investment case
▼ + stars: | 2023-01-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

But the deal was ultimately necessary for AMD, as it helped it expand its data center business, boost margins, and further diversify away from PCs. Bottom line Despite facing industry-wide headwinds, including a chip glut and soft PC demand, AMD managed to outperform low expectations. Q4 segment results Data center revenues increased 42% but were a little softer than what analysts had forecasted. Sequentially, embedded revenues are expected to increase, providing some upside, while gaming and PC revenues are expected to decline, consistent with seasonality. No specific financial guidance was provided for the full year of 2023, but management expects the data center and embedded segments to grow year-over-year.

☆ AMD beats on sales and profit but warns of a 10% revenue decline in Q1
▼ + stars: | 2023-01-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

AMD reported fourth-quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts to a 10% decline in year-over-year sales in the current quarter. AMD's sales rose 44% in 2022. But its client group, which includes sales from PC processors, was down 51% year-over-year because of a slumping PC market, AMD said. The global PC market is in a protracted slowdown, according to estimates. AMD expects that the segments with PC chips and graphics processors will continue to decline in the current quarter, but data center and embedded sales will grow.

"AMD remained resilient and even made gains in their datacenter chips...against Intel," said Wayne Lam analyst at CCS Insight. Chief Executive Lisa Su said she was confident AMD will keep gaining market share this year and that the second half would be stronger than the first. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said on the earnings call. Analysts on average were expecting revenue of $5.50 billion, according to Refinitiv data. Analysts on average expected revenue of $5.48 billion, according to Refinitiv data.

☆ AMD shares rise on fourth-quarter earnings beat
▼ + stars: | 2023-01-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAMD shares rise on fourth-quarter earnings beatCNBC's Kristina Partsinevelos joins 'Closing Bell: Overtime' to report on AMD's earnings report. Virtus' Joe Terranova, Veritas’ Greg Branch and Wealth Enhancement’s Aya Yoshioka react to the report.

☆ Jim Cramer's top 10 things to watch in the market Monday: FANG-obsession over; crazy earnings, Fed, jobs week
▼ + stars: | 2023-01-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Susquehanna raises price target on Advanced Micro Devices (AMD) to $88 per share from $80; keeps positive rating on the Club stock. Baird increases price target on Starbucks (SBUX) to $110 per share from $94; keeps hold rating. Deutsche Bank cut price target by $3 per share to $84. HSBC raises price target on oilfield services company Halliburton (HAL) to $57 per share from nearly $44; keeps buy rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ 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.

☆ Cramer’s week ahead: Fed decision on Wednesday could let the bulls ‘party on’
▼ + stars: | 2023-01-27 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Monday: WhirlpoolQ4 2022 earnings release at 4:05 p.m. Tuesday: Caterpillar, Pfizer, Advanced Micro DevicesCaterpillarQ4 2022 earnings release at 6:30 a.m. PfizerQ4 2022 earnings release at 6:45 a.m. Thursday: Ford Motor, Apple, Amazon, AlphabetFordQ4 2022 earnings release at 4:05 p.m. Friday: Regeneron PharmaceuticalsQ4 2022 earnings release at 6:30 a.m.

REUTERS/Andrew KellyOAKLAND, Calif/BANGALORE, Jan 27 (Reuters) - Microprocessor giant Intel Corp (INTC.O) says it will regain its footing against AMD and other chip rivals which are gobbling up market share, but Wall Street is skeptical. That's a headwind for Intel and AMD, both of which are rolling out new chips, but Intel is facing a larger inventory correction. Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC calculated. Chipmaker shares were hammered across the board on Friday, but Intel led the decline, slumping by 10% while AMD lost 1.8%. AMD set to overtake Intel in market cap, again AMD set to overtake Intel in market cap, againReporting By Jane Lanhee Lee and Chavi Mehta; Editing by David Gaffen, Peter Henderson, Kirsten Donovan and Jonathan OatisOur 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.

☆ 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.

OAKLAND, Calif/BANGALORE, Jan 27 (Reuters) - Microprocessor giant Intel Corp (INTC.O) has stumbled badly at a time when smaller rival AMD and others are picking up speed. Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC calculated. "I don't think Intel is in a position yet to start recovering share" in the market, he said. Customers of processors cannot launch products if new chip designs are late, and Intel has stumbled on delivering its latest data-center chip, code named Sapphire Rapids. Worse for Intel, the benchmarks published by the two companies show that AMD's latest server chip outperforms Sapphire Rapids on "general purpose workloads", according to Bernstein analyst Stacy Rasgon.

☆ Here's what Intel's terrible results mean for longtime rival and Club holding AMD
▼ + stars: | 2023-01-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

When Advanced Micro Devices (AMD) reports quarterly earnings next week, the Club holding's results should not look nearly as bad as longtime rival Intel 's (INTC) dismal numbers. But the magnitude of the Intel's disappointment stems from many company-specific factors, including lost market share to chip peers such as AMD. This multi-quarter, industrywide problem will likely show up in the fourth-quarter results AMD is scheduled to release after Tuesday's close. Implications for AMD Morgan Stanley said it believes Intel's results are "cautious" for peers, especially AMD. Bank of America sees Intel's results as "only incrementally negative" for AMD, partially because the analysts believe AMD's inventory correction in the second half of the year was larger than Intel's.

☆ Jim Cramer says to consider an analyst's call timeframe when investing
▼ + stars: | 2023-01-24 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday reminded investors to pay close attention to the scope of an analyst's calls. A day later, Bernstein downgraded the company's stock to market perform from outperform, citing concerns over a worsening PC market. Cramer said that in this case, neither analyst is necessarily wrong, because their arguments rely on different timeframes. Cramer added that while those periods of trading can be confusing, they can also be advantageous to investors, as long as they don't act rashly. However, it can also be wrong," he said, adding, "Either way, if you have conviction, the reaction can often be a great opportunity to buy, buy, buy, or sell."

☆ 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.

☆ 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.

☆ 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.

☆ Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes
▼ + stars: | 2022-12-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

Club take: We've pared back our position in AMD this year as the semicondcutor company worked through its inventory correction. The company has to do more in terms of managing its costs, but it will likely be a priority in 2023. Analysts described growth outlooks in these segments as "robust" and expect them to drive revenue growth and margin expansion. BofA calls the Club stock a "top tier operator" and expects the company to grow revenue in the coming year despite fears of an economic downturn. Analysts expect to see strong data center growth next year, a business they said could reach $20 billion by 2023.

☆ December tends to be a strong month for the market. Here's how our stocks have done recently
▼ + stars: | 2022-12-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

So thought we'd look at what the Santa Claus rally phenomenon is all about and which Club stocks have had the best and worth December track records in recent years. It's a seven-day stretch over which the S & P 500 has historically tended to climb. The entire month of December has actually proven to be a historically strong period for the stock market. Investors would surely welcome a strong December after a terrible 11 months for the stock market. The S & P 500 tanked more than 9% that December, which at the time was its worth monthly performance in nearly a decade.

☆ 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

☆ Goldman’s official 2023 outlook is here: Where it thinks the market is headed and what to buy
▼ + stars: | 2022-11-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Goldman Sachs is predicting zero earnings growth in 2023, with stocks ending the next year essentially flat. The firm is pegging 2023 S & P 500 earnings-per-share flat at $224 and the index ending next year at 4,000, just over 1% from Monday's close. The bank's EPS yield for the next 12 months is 14%, while its estimated EPS will decline by 12% in 2023, according to Goldman. Walgreens's EPS yield for the next 12 months is 11% and its estimated 2023 earnings growth is 2%, Goldman found. Its next-12-month EPS yield is 7% and its estimated EPS growth for 2023 is 4%, according to Goldman.

☆ How AMD became a chip giant and finally caught Intel
▼ + stars: | 2022-11-22 | by ( Katie Tarasov | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow AMD became a chip giant and finally caught IntelAdvanced Micro Devices made history when it surpassed Intel by market cap for the first time this year. Intel has long held the lead in the market for computer processors, but AMD's been on the rise since it acquired adaptive chip company Xilinx in February for $49 billion. Now, AMD chips are in two Tesla models, NASA's Mars Perseverance land rover, 5G cell towers and the world's fastest supercomputer. CNBC sat down with CEO Lisa Su to hear about AMD's remarkable comeback and diversification.

☆ 3 reasons a major health insurer just made a $2.7 billion bet on a Walgreens-backed effort to upend healthcare
▼ + stars: | 2022-11-21 | by ( ) www.businessinsider.com time to read: +3 min

The deal would give it a stake in VillageMD, an annual dividend, and a push toward value-based care. VillageMD said this week that it plans to merge with fellow primary-care provider Summit Health-CityMD in an $8.9 billion deal funded in part by the healthcare giant Cigna. VillageMD CEO Tim Barry Courtesy VillageMD3 reasons why Cigna's investing $2.7 billion in VillageMDEvanko said the investment provides financial and strategic benefits for Cigna. That stake would provide the healthcare company, which reported profits of $5.4 billion in 2021, with an annual dividend of about 5.5% on $2 billion of the $2.7 billion investment, Evanko said, according to a transcript from Sentieo. Evernorth could take what it learns from partnering with VillageMD and extend those capabilities to other healthcare providers it works with, he said.

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