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

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Accesswire 8-Aug-2017 8:20 AM
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NEW YORK, NY / ACCESSWIRE / August 8, 2017 / NVIDIA's shares saw a slight close in the green on Monday as the market gets more excited about the company's earnings release on Thursday. Wall Street's consensus is calling for a favorable earnings report. Shares of AMD also saw gains as the company gears up to release its awaited Radeon RX Vega line, which is supposed to go head to head with Nvidia.
RDI Initiates Coverage on:
NVIDIA Corporation https://ub.rdinvesting.com/news/?ticker=NVDA
Advanced Micro Devices, Inc. https://ub.rdinvesting.com/news/?ticker=AMD
NVIDIA Corporation's shares closed up 3.07% on nearly 18 million shares traded on Monday. The stock hit a new high of $172.37 during intra-day trading as traders await the company's latest earnings report scheduled for August 10th. The consensus is waiting for Nvidia to report a 75% year-over-year jump in profits at 70 cents a share and is expecting revenue to rise 37% year-over-year to $1.96 billion. The last time the company reported was in May when it beat estimates with earnings per share of 85 cents and revenue of $1.94 billion. In other news, Softbank confirmed that its 4.9% stake in the company will be transferred to the Vision Fund. The Vision Fund will become the company's fourth largest shareholder after the deal. Shares of the stock have almost tripled since last year.
Access RDI's NVIDIA Corporation Research Report at: https://ub.rdinvesting.com/news/?ticker=NVDA
Advanced Micro Devices, Inc.'s shares started the week by ending in the green, closing with an advance of 2.36%. It was just roughly a week ago that the company released a detailed preview of its latest line of high-end graphics cards, called the Radeon RX Vega line. The line is supposed to go on sale in the next week and could be a head-to-head competitor against Nvidia Corp. The GPUs will range from $400 to $700 a piece. According to AMD, the line will open up the movie-like game quality in gaming to 4 million "enthusiast" gamers. The company has said that there are 600,000 high-end PC gamers that are playing games at 60 frames per second, resulting in smooth, movie-like game quality. The Radeon RX Vega GPUs will offer smooth footage and could be competitive against Nvidia and Intel chips. Shares of the stock have doubled since last year.
Access RDI's Advanced Micro Devices, Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=AMD
Our Actionable Research on NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) can be downloaded free of charge at Research Driven Investing.
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