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MarketScreener 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.
ADVANCED MICRO DEVICES -3.12% 27.3 Delayed Quote.156.23%
INTEL CORPORATION -0.11% 45.89 Delayed Quote.-2.77%
NVIDIA CORPORATION -1.13% 243.06 Delayed Quote.21.64%
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Financials ($)
Sales 2018 6 698 M
EBIT 2018 667 M
Net income 2018 373 M
Finance 2018 363 M
Yield 2018 -
P/E ratio 2018 82,18
P/E ratio 2019 51,04
EV / Sales 2018 3,78x
EV / Sales 2019 3,38x
Capitalization 25 678 M
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Technical analysis trends ADVANCED MICRO DEVICES
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 31
Average target price 25,7 $
Spread / Average Target -8,9%
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 DEVICES156.23%25 678
INTEL CORPORATION-2.77%206 942
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%193 529
NVIDIA CORPORATION21.64%149 896
TEXAS INSTRUMENTS-4.80%98 279
BROADCOM INC-9.51%96 312