Market Overview

The Week In Chip Stocks: AMD, Intel And More

The Week In Chip Stocks: AMD, Intel And More

Last week was a landmark week in the semiconductor space.

In case you missed the action, Wells Fargo analyst David Wong recapped all the key points investors should know, as well as provided a heads up for what to watch for this week.

Here’s a summary of what he discussed.

Related Link: Hello, Mr. Chips: A Look At AMD's Wild Year

  • On June 19, the June 2017 Top 500 Supercomputer list was released, which revealed NVIDIA Corporation (NASDAQ: NVDA) has maintained its lead over Intel Corporation (NASDAQ: INTC) among the world’s top supercomputers, despite Intel cutting prices on its Knights Landing Xeon Phi accelerators.
  • On June 20, Advanced Micro Devices, Inc. (NASDAQ: AMD) launched its EPYC 7000 series processors, which could potentially disrupt Intel’s hold on the x86 server processor market. “We think that AMD is steadily strengthening its competitive position in microprocessors and graphics, and believe that this will enable the company to continue driving revenue growth and moving towards profitability over the next several quarters,” Wong wrote.
  • On June 20, Analog Devices, Inc. (NASDAQ: ADI) hosted an investor day event at which it provided updates on its business, including its acquisition of Linear. Wong feels Analog Devices is now “well positioned to steadily create value” following the deal.
  • The drama between Apple Inc (NASDAQ: AAPL) and QUALCOMM, Inc (NASDAQ: QCOM) continued when Qualcomm accused Apple of making misleading statements in court filings regarding product performance. Apple has accused Qualcomm of attempting to collect payments for innovations that are unrelated to Qualcomm technology.

Looking ahead to this week, Wells Fargo will be watching Micron Technology, Inc. (NASDAQ: MU) earnings expected out on June 29. In addition, U.S. durable goods data for the month of May is coming out this week, and AMD is expected to release its Radeon Vega Frontier Edition accelerator for machine learning.

Wells Fargo has an Outperform rating on AMD, Intel, Micron and Qualcomm. The firm has an Underperform rating on Nvidia.

Latest Ratings for AAPL

Jan 2021BarclaysMaintainsEqual-Weight
Jan 2021Canaccord GenuityMaintainsBuy
Jan 2021Credit SuisseMaintainsNeutral

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings


Related Articles (AAPL + ADI)

View Comments and Join the Discussion!

Posted-In: David Wong semiconductors Wells FargoAnalyst Color Analyst Ratings Tech Best of Benzinga

Latest Ratings

URIVertical ResearchInitiates Coverage On310.0
PCARVertical ResearchInitiates Coverage On95.0
DEVertical ResearchInitiates Coverage On345.0
CNHIVertical ResearchInitiates Coverage On16.0
AGCOVertical ResearchInitiates Coverage On119.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at