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4-Traders Homepage  >  Equities  >  Nasdaq  >  Advanced Micro Devices    AMD

ADVANCED MICRO DEVICES (AMD)
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Rivals AMD, Intel partner to take on Nvidia

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11/06/2017 | 04:33pm CEST
The Intel logo is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles

(Reuters) - Bitter rivals Advanced Micro Devices Inc (>> Advanced Micro Devices, Inc.) and Intel Corp (>> Intel Corporation) on Monday unveiled a partnership that will help the chipmakers take on Nvidia Corp (>> NVIDIA Corporation).

(Reuters) - Bitter rivals Advanced Micro Devices Inc (>> Advanced Micro Devices, Inc.) and Intel Corp (>> Intel Corporation) on Monday unveiled a partnership that will help the chipmakers take on Nvidia Corp (>> NVIDIA Corporation).

Under the partnership, AMD's semi-custom graphics chip will be integrated into Intel's new multi-chip processor package for personal computing.

AMD's shares were up 6.5 percent at $11.84 (£9) in early trading. Intel was up 1 percent, while Nvidia was down 0.5 percent.

Designed by Intel, the new product will integrate an Intel core processor together with a semi-custom radeon graphic chip and second-generation high bandwidth memory (HBM2) into one package, AMD said in a statement.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel)

Stocks mentioned in the article
ChangeLast1st jan.
INTEL CORPORATION -1.32% 51.53 Delayed Quote.13.13%
NVIDIA CORPORATION -0.14% 228.71 Delayed Quote.18.37%
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Financials ($)
Sales 2018 6 285 M
EBIT 2018 584 M
Net income 2018 333 M
Finance 2018 174 M
Yield 2018 0,57%
P/E ratio 2018 31,77
P/E ratio 2019 21,94
EV / Sales 2018 1,51x
EV / Sales 2019 1,34x
Capitalization 9 682 M
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Technical analysis trends ADVANCED MICRO DEVICES
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Mean consensus HOLD
Number of Analysts 29
Average target price 13,8 $
Spread / Average Target 39%
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Managers
NameTitle
Lisa T. Su President, CEO & Non-Independent Director
John Edward Caldwell Chairman
Keivan Keshvari Senior Vice President-Global Operations
Devinder Kumar Chief Financial Officer, Treasurer & Senior VP
Mark D. Papermaster CTO, Senior VP-Technology & Engineering
Sector and Competitors
1st jan.Capitalization (M$)
ADVANCED MICRO DEVICES-1.65%9 682
INTEL CORPORATION13.13%241 074
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%201 639
NVIDIA CORPORATION18.37%138 835
TEXAS INSTRUMENTS-3.02%98 271
BROADCOM INC-7.70%97 398