Today's Research Reports on Stocks to Watch: NVIDIA and Advanced Micro Devices

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Accesswire 11-May-2017 8:00 AM
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NEW YORK, NY / ACCESSWIRE / May 11, 2017 / Global semiconductor sales are growing rapidly throughout the world. The Semiconductor Industry Association (SIA) has reported worldwide sales of semiconductors totaled $30.9 billion for the month of March 2017, representing a year-over-year increase of 18.1 percent. Global sales totaled $92.6 billion in the first quarter of 2017, which was coincidentally also an increase of 18.1 percent year-year-over.
"Global semiconductor sales saw solid sales growth in March, increasing sharply compared to last year and more modestly compared to last month," said John Neuffer, President and CEO of SIA. "Global sales are up 18% compared to last year, the largest increase since October 2010, with all major regional markets posting double-digit year-to-year growth. All major semiconductor product categories also experienced year-to-year growth, with memory products continuing to lead the way."
RDI Initiates Coverage on:
NVIDIA Corp. https://ub.rdinvesting.com/news/?ticker=NVDA
Advanced Micro Devices, Inc. https://ub.rdinvesting.com/news/?ticker=AMD
NVIDIA's shares surged 17.83 percent to close at $121.29 a share on Wednesday. The stock traded between $114.02 and $121.82 on volume of 53.23 million shares traded. The company reported a net income of $507 million, or $0.79 a share, on revenues of $1.94 billion for the first quarter of fiscal 2018, which topped consensus estimates of earnings of $0.66 a share on revenues of $1.91 billion, according to FactSet. NVIDIA forecasts revenues to be approximately $1.95 billion, + or 2 percent, for the second quarter of fiscal 2018. Shares of NVIDIA have gained approximately 13.63 percent year-to-date.
"We saw growth across our 4 market platforms," said NVIDIA founder and CEO Jensen Huang. "AI is expanding. Datacenter nearly tripled. Large ISP, CSP deployments everywhere. PC gaming is still growing; eSports, AAA gaming titles, fueling our growth there. And we have great games on the horizon. Autonomous vehicles, becoming imperative on all sectors of transportation, as we talked about earlier."
Access RDI's NVIDIA Research Report at: https://ub.rdinvesting.com/news/?ticker=NVDA
Advanced Micro Devices' shares gained 5.99 percent to close at $10.79 a share on Wednesday. The stock traded between $10.45 and $10.85 on volume of 66 million shares traded. On May 1st, The company reported a net loss of $73 million, or $0.08 per share, for the first quarter of 2017, compared to a net loss of $109 million, or $0.14 per share, for the first quarter of 2016. Revenues totaled $984 million for the quarter, an increase of 18 percent year-over-year. Average analysts' expectations called for revenues of $985 million, according to FactSet. The company forecasts revenues to grow approximately 17 percent sequentially, plus or minus 3 percent, for the second quarter of 2017. Shares of Advanced Micro Devices have fallen approximately 4.85 percent year-to-date.
Access RDI's Advanced Micro Devices Research Report at: https://ub.rdinvesting.com/news/?ticker=AMD
Our Actionable Research on NVIDIA Corp. (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) can be downloaded free of charge at Research Driven Investing.
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