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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 -0.19% 52.08 Delayed Quote.13.13%
NVIDIA CORPORATION -0.28% 248.61 Delayed Quote.28.85%
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Financials ($)
Sales 2018 6 714 M
EBIT 2018 670 M
Net income 2018 385 M
Finance 2018 319 M
Yield 2018 0,32%
P/E ratio 2018 45,01
P/E ratio 2019 29,88
EV / Sales 2018 2,30x
EV / Sales 2019 2,08x
Capitalization 15 771 M
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Technical analysis trends ADVANCED MICRO DEVICES
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 30
Average target price 15,7 $
Spread / Average Target -3,2%
EPS Revisions
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 DEVICES58.27%15 771
INTEL CORPORATION13.13%243 345
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%190 464
NVIDIA CORPORATION28.85%151 337
TEXAS INSTRUMENTS10.25%112 713
BROADCOM INC-21.19%105 088