Latest news with #ChipMaker
ABC News
25-06-2025
- Business
- ABC News
Live updates: Australian share market to fall, Nvidia hits record high, oil prices gain
A mixed session on Wall Street is likely to send Australian stocks lower, while oil prices rise, snapping three straight sessions of losses. Meanwhile, shares of chip-maker Nvidia touched a record high, lifting its market value to $US3.75 trillion ($5.76 trillion) and making it the world's most valuable company. We'll bring you the latest on what's happening on the markets throughout the day in our live blog. Disclaimer: this blog is not intended as investment advice.
Bloomberg
20-05-2025
- Business
- Bloomberg
Wolfspeed Put Options Surge Before Report on Bankruptcy Plans
Traders ramped up bearish bets Tuesday on Wolfspeed Inc., before the Wall Street Journal reported after regular market hours that the ailing chip component maker is preparing to file for bankruptcy protection within weeks.
Yahoo
09-05-2025
- Business
- Yahoo
AMD's Price Target Slashed by Bank Amid Multiple Concerns
Truist Securities cut its price target on AMD (AMD) to $111 from $130 while keeping a Hold rating on the shares. According to the bank, a number of negative aspects disclosed in conjunction with the chip maker's first-quarter results have undermined its overall outlook. AMD's Negative Catalysts The company's decision to abandon China will lower the revenue that it obtains from its AI chips in Q2 and Q3, Truist warned. Additionally, the bank expressed concern about AMD's competitiveness in general in the AI chip market, even as it launches new offerings for the latter sector. As a result, Truist is concerned about its ability to obtain a great deal of revenue from its new chips. Moreover, the chip maker will probably have to write down its inventory in Q2, according to the bank. AMD's Upbeat Attributes The company's Client business will rebound going forward due to its improved products, Truist stated. Additionally, the bank stated that the company's Q1 results were generally positive. The Recent Price Action of AMD Stock In the last month, the shares have been flat, while they have dropped 13% in the last three months. While we acknowledge the potential of AMD, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMD but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
