News Posts matching "shares"

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Intel Aware of CPU Flaws Before CEO Brian Krzanich Planned $24M Stock Sale

The news and details on Intel's most recent chip flaw have been coming in almost faster than news outlets can put them out, and it just seems that the company is going through a phase where news are seldom good. New information has come to light that paint Intel CEO's Brian Krzanich's sale of $24M worth of stocks in November 24th in a negative spotlight, euphemisms be allowed. We (meaning, this editor) previously dismissed the share sale as a pre-planned event that didn't show any kind of shady wrongdoing in the face of news breaking out regarding Intel's VM security flaw. However, it seems as if it pays off to be negative rather than positive in the world at large, and the skeptic in me is saying "serves you right".

Vivendi Puts Off Decision on Ubisoft Hostile Takeover for Now

French media conglomerate Vivendi has been amassing Ubisoft shares over a course of two years. The company is the biggest shareholder at the moment owning approximately 26% of Ubisoft's shares. By French accounting law, Vivendi is obligated to make a mandatory bid once their shareholder percentage surpasses the 30% mark. Earlier this year, the French giant made it clear that the hostile takeover would happen before the year ends. It won't be their first rodeo, since they took over Gameloft not so long ago. The gaming sector is the second largest in the content industry after all, so you can't hardly blame Vivendi for wanting a bigger piece of the pie. However, business plans do change over time. According to Vivendi's recent third-quarter financial report, the company has postponed the Ubisoft takeover for at least another six months.

Broadcom Looks to Buy Qualcomm for $100B, Creating a Silicon Monster

Broadcom, makers of networking equipment, is exploring a deal to acquire mobile technology giant Qualcomm in a USD $100 billion deal, which could be the largest ever acquisition value of a chip-maker. The resulting company could be the world's largest chipmaker, combining Broadcom's IP with networking PHYs and IoT infrastructure, and Qualcomm's SoCs powering IoT devices besides smartphones, tablets, and ultra-portable notebooks. Broadcom is looking to raise a cash+stock bid consisting of shares valued at $70/share. Besides networking infrastructure equipment, Broadcom made its fortunes on the back of Apple iPhone's success, as it supplies its networking chips.

AMD Stock Plunges Due to Forecast of Slowing Cryptocurrency, Console Markets

AMD's stock on Monday took a relatively steep dive in value, following a report by Morgan Stanley that pegs cryptocurrency-fueled graphics shipments to decline by 50% next year (a $250 million decline in revenue). "We believe that AMD's graphics surge has been caused by a sharp increase in sales of graphics chips to cryptocurrency miners. We expect this to meaningfully decelerate next year," Morgan Stanley analyst Joseph Moore said. At the same time, the report expects video game console demand to decline by 5.5% in 2018, which led Moore towards lowering his price target for AMD shares to $8 from $11, a 32% decline from Friday's close.

As a consequence of the report, Morgan Stanley reduced its rating on AMD shares from equal-weight to underweight, which reduced confidence in the market, and triggered a sell-off - and following the mechanism of availability and demand, a descent in stock pricing was already painted on the wall. A 9% fall isn't something to scoff at - especially when the economics surrounding it are attributed to a single - as of yet - report. AMD stock fluctuations aren't new; the company's stock has been particularly volatile in recent times - especially when compared to its peers (and competitors) Intel and NVIDIA.

NVIDIA's Market Cap to Reach $100 billion Soon; Grew ~$25 billion Since May 2017

NVIDIA has been on a roll lately with their market capitalization and share valuation, which could very well send the company soaring past the $100 billion dollar mark today. Whether or not that happens (and if it does, it will be a historical milestone for the company), NVIDIA's growth of almost $25 billion dollars since May 13th is nothing short of jaw-dropping.

The "sudden" market valuation on NVIDIA comes on the heels of the company's strong graphics execution and increasingly entrenched position in the high performance GPU computing market for machine learning. The company's Volta architecture, which was showcased by Jensen Huang at their GTC keynote on May 10th, boosted confidence in the company significantly. Since then, the company's market cap has increased from the $75 billion dollar it was at shortly after GTC, towards its $96.31 billion rated market cap today. More recently, with the recent rise of the crypto wave craze, NVIDIA's GPUs have been talked about as real alternatives to AMD's previously (and perhaps hurtful for the company) grasp on this kind of workloads.
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