Xilinx CEO Victor Peng laid out an ambitious bid to lead the chip maker to $1 billion in "data center" revenue by 2023. Analysts were impressed by the technology discussed, but some were distressed by the heightened level of spending required, and by the entrenched competitor, Nvidia.
Hewlett Packard shares drop as free cash flow comes up short, Amazon's providing face-recognition software to law enforcement criticized by civil rights groups, Xilinx's analyst day cheers bulls but fails to prop up the stock, Tesla criticism in Consumer Reports is a little like the magazine's negative early review of the first iPhone according to long-time Apple watcher Gene Munster.
Apple saw a mammoth rise in revenue from services such as the App Store in the most recent quarter. A bull and a bear on the stock scrutinize the numbers and come to different conclusions about what it means for the stock.
Variants have been disclosed of the computer-chip bugs that hounded Intel and AMD in January, Micron Technology price targets zoom following its analyst day meeting, Tesla's abandoning the mass-market mission that has propped up its valuation according to the WSJ, Facebook's facing off against the EU as a top security watchdog says there will be more Cambridge Analyticas, Pure Storage shares are defended after its shares dropped on a merely in-line forecast, and Smartsheet is the pick of the litter of the late April IPO cohort.
Memory-chip maker Micron Technology's CFO wowed the crowd at the company's analyst day event in New York with news the company in September will commence a buyback of its shares ultimately reaching $10 billion. He said a dividend is not out of the question down the road.
Memory-chip giant Micron Technology turns 40 this year. CEO Sanjay Mehrotra told analysts at the company's annual investor meeting the company has "the best technology portfolio in the world, bar none."
Snap's "narrative" may be about to get less bad so it's time to unwind the short thesis on the stock according to MoffettNathanson media analyst Michael Nathanson, Micron shares are up almost 4% after the company hiked its quarterly outlook in advance of its analyst day meeting today, Alphabet shares rise despite a damning 60 Minutes segment, and virtualization software pioneer VMware has some nice trends heading into its earnings report on May 31st according to Credit Suisse.
Unlike Microsoft, which is promising commercial-grade quantum computers in five years' time, Intel's quantum computing director, James Clarke, says it's reasonable to expect that refining the technology of quantum will take another decade.
Google will be the star of a segment on 60 minutes this weekend discussing its monopoly power, Square stock is unsettled by PayPal's iZettle deal, Applied Materials dropped sharply and the Street debates how serious the cut in outlook is for the equipment supplier, and chip-equipment competitors Lam and KLA-Tencor are hit by the fallout, KeyBanc's Michael McConnell writes the overall chip market is doing great, and Advanced Micro Devices gets the thumbs up at Cowen.
Qualcomm is getting closer to approval of its bid to buy NXP Semi by Chinese regulators, opines RBC Capital analyst Amit Daryanani, and that should be of interest to value investors, he believes.
Applied Materials shares sagged in late trading after the company's quarterly revenue and profit topped expectations but its outlook for this quarter's revenue came in lower than expected.
Cisco shares slump as analysts debate whether its transformation is moving fast enough, Pandora Media's doing great with its own stealth transformation according to Stifel, PayPal can pay out big time with its cash pile according to Raymond James, Deutsche Bank tells Dropbox fans not to worry about low-cost competition from Google, Stifel warms up to Teradata's move away from super-computing big iron to software, bull and bear debate the outlook for video game maker Take-Two, and Goldman says Tesla is going to need a lot more money in future than you think.
Cisco's CFO, Kelly Kramer, tells Barron's the transition of the company to more "recurring revenue," including software subscriptions, is proceeding nicely, even if some bears seem to always think it's not happening fast enough. A nice highlight of Cisco's quarterly results is the return to growth in its network switch sales for corporate "campus" networks, where it faces new competition from Arista.
Take-Two shares were halted ahead of its report of better-than-expected quarterly revenue, but a forecast for this year's revenue is below consensus.
Cisco's stock sagged in late trading as the market deemed its earnings beat not good enough.
Cisco vendors who resell the networking giant's "Catalyst" switches are reporting nice trends that could help its quarterly results after the call today. But will Arista's new push into Cisco's "campus" turf have an impact?
Intel memory-chip executive Rob Crooke lays out a vision for its unusual "Optane" chips succeeding solid-state drives as the future storage of PCs.
AMD has a window of opportunity as Intel's manufacturing hiccups, Spotify has good brand awareness but high churn as people seem content with free stuff, Square's "Cash" app is catching up with PayPal's Venmo on app downloads, Applied Materials is being punished for the slump in OLED displays but Stifel thinks the stock should be bought for the other LCD projects going on, Apple's still got good trends for its iPhone and inventory is clearing, Canaccord likes the earnings prospects at Qualcomm, Micron continues to enjoy less-bad pricing trends in memory chips, and Wells Fargo is upbeat about AT&T after spending a day with its CFO.
Don't sweat the exposure of chip equipment makers Lam and KLA-Tencor to memory-chip production, says Krish Sankar of Cowen & Co. Both stocks are Buys, as demand for memory chips continues to grow. He's less enthusiastic about Applied Materials and ASML.
Western Digital said its paying down debt at lower rates and now plans to buy back at least half a billion of its stock by the end of June. Bulls are taking that as a sign that the NAND flash business may be healthier than some feared, with prices perhaps declining less than expected the rest of this year.