AMD stock corrected on October 2 and 3

Chipmaker Advanced Micro Devices (AMD) stock has fallen ~15% in the last couple of trading sessions. It came after a stunning rally this year, rising 173% despite the correction.

In a recent article, we shed light on why the stock may be close to its peak. The recent slump comes on the back of a report by BluFin Research Partners that claims that AMD’s rival Intel (INTC) could expedite the production of its next-generation 10-nanometer processor, which would allow it make smaller chips.

Why Advanced Micro Devices Stock Has Plummeted

AMD wants to increase its market share in the server chip market

Intel stock has risen 5.3% this month. On Tuesday, October 2, AMD came in at the bottom the S&P 500 index, and Intel was the top gainer.

AMD’s gravity-defining stock rally was partly on the assumption that AMD could benefit from Intel’s rumored shortage in chip supply.

AMD is taking on Intel in the server market. While Intel is the market leader in that segment, AMD has an insignificant market share, which the company is trying to change.

AMD’s revenue growth is expected to continue to accelerate. However, despite the recent fall, AMD’s stock valuation still factors in a good chunk of the company’s future growth.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

172.31.59.107