AMD CEO Lisa Su used a CES keynote address on Wednesday to unveil the Radeon VII, a new high-end gaming chip that will rely on an advanced 7-nanometer (7nm) manufacturing process, and also shared details about 7nm desktop and server CPUs that will be arriving later this year.READ MORE...

Micron shares have finally bottomed after a year of steep losses and should perform better than the broader stock market in 2019, according to BMO Capital Markets.READ MORE...

Those are the traditional levels considered to mark “oversold” territory for those two indicators. The scan of the stochastic readings showed that 479 members of the S&P were in oversold territory after the decline on Christmas Eve.These are the seven stocks in the S&P that had stochastic readings above 30 on Monday, December 24.

Semiconductor companies have been getting hit pretty hard over the last few months and the iShares PHLX Semiconductor ETF (Nasdaq: SOXX) is down almost 17% since the beginning of September.One of the few chip stocks that has managed to gain ground in the last few months is Broadcom (Nasdaq: AVGO).

The world’s biggest companies are looking to capitalize on artificial intelligence’s rising ubiquity in their own businesses.Qualcomm, the telecommunications and semiconductor equipment giant, announced a new, $100 million AI-focused investment fund in November that doubles down on that commitment.

Revenues grew +15% to $7.91 billion, but fell short of analysts’ expected $8.02 billion. Micron’s projections for February quarter:  EPS in the range of $1.65-$1.85, which is below  consensus expectations; Revenue of $5.7 billion-$6.3 billion (down 18% annually at the midpoint). The semiconductor company mentioned that relatively weak smartphone demand could be weighing on chip sales in near future.CEO Sanjay Mehrotra cited "higher than normal inventories in gaming [graphics] cards” and “fall-off in crypto-related demand" as potential headwinds for Micron’s graphics DRAM sales. The company began its $10 billion stock buyback program in September.

Down nearly 48% from its early October peak, Nvidia Corp.’s recent slide has resulted in SoftBank Group considering offloading its stake in the graphics chipmaker.According to Bloomberg report, the deal is expected to fetch a potential $3 billion in profit for the Japanese investor. Softbank presently holds an equity stake in Nvidia and has constructed a $6B collar trade, which would allow investors to accumulate stakes while protecting themselves against share price declines. Over the years, Softbank has quietly amassed a $3 billion stake in Nvidia that by early 2017 made it the fourth-largest shareholder. The value of SoftBank’s Nvidia’s stake peaked at $7 billion in September, but with the recent slide in share prices of Nvidia it’s expected that Softbank would get close to $6 billion if it were to exercise all of its options at their average strike price.

Its revenue for the quarter increased +12.4% from the year-ago period to touch $5.45 billion, and surpassed analysts’ expected $5.40 billion. Sales from the company's  wireless communications business accounted for 31% of total revenue, edging past Broadcom's earlier expectations; but sales from this segment were still 5 percent lower than a year earlier."We benefited from upside volumes of legacy phone generations at our North American OEM customer," President and CEO Hock Tan announced. For the full year, Broadcom projects revenue of $24.50 billion, higher than analysts' estimate of $22.40 billion, according to IBES data from Refinitiv.

Micron Technology (Nasdaq: MU) has been caught in a terrible downtrend over the past six months.The overbought/oversold indicators were nearing overbought levels before turning lower on Tuesday. Micron’s fundamentals are pretty good and that makes the downtrend somewhat perplexing.

(Bloomberg) -- For more than 30 years, Intel Corp. has dominated chipmaking, producing the most important component in the bulk of the world’s computers.That run is now under threat from a company many Americans have never heard of. READ MORE...

And now, U.S. President Donald Trump claims that Chinese President Xi Jinping might approve the acquisition, following Saturday's trade talks between the two leaders. Ever since its announcement in October 2016, the $44 billion proposed merger between Qualcomm and NXP got approvals from eight jurisdictions, but was awaiting China's decision.China, however, did not mention the Qualcomm-NXP deal in the official statement it released after the meeting with Trump. Even if there are hopes that China could reconsider the acquisition, question is - will NXP or Qualcomm or both be willing to pursue the merger again?

Qualcomm (NASDAQ:QCOM) stock continues to be a roller coaster.Since then, QCOM stock has dropped 28% and is now threatening to broach its multi-year support near $50. READ MORE...

On top of that, Apple has decided to use Intel chips instead of Qualcomm’s for its new iPhones. Qualcomm reported a loss of 35 cents a share for the fiscal fourth quarter.Apple’s decision is likely to affect Qualcomm’s first fiscal quarter guidance for 2019, but CEO Steven Mollenkopf said, “this will become less impactful to our quarterly results" as they progress through the year. The chipmaker is also facing challenges from weakening global smartphone demand, which might be a headwind to its Snapdragon MSM chips shipments.

After years of lazy coasting that mostly leveraged the well-established Intel name, a largely-left-for-dead AMD came roaring back with a new product lineup that its bigger rival just wasn’t ready for.Advanced Micro Devices is going to beat Intel to the 7 nanometer finish line, much to the chagrin of INTC stock owners. READ MORE...

Nvidia Corp. (NVDA), Marvell Technology Group Ltd. (MRVL), and Taiwan Semiconductor Manufacturing Company Ltd. (TSM), despite all being down in double digits from earlier highs, are considered diamonds-in-the-rough, according to a few veteran market watchers.They see the semiconductor sector as a treacherous place to be right now, according to CNBC. READ MORE...

Advanced Micro Devices (AMD) has been one of the most volatile stocks of 2018 with a beta at 4.06.Beta is a measure of volatility where the market has a beta of one, and beta greater than one indicates high volatility. READ MORE...

For comparative purposes, the Invesco QQQ Trust (Nasdaq: QQQ) fell 8.6% in October and was down 12.14% before the bounce. One chip stock that got hit extremely hard during the month was Advanced Micro Devices (Nasdaq: AMD).The stock is bouncing back this week. Looking at the weekly chart we can see that the stock peaked at $15.55 in February 2017 and at $15.65 in July 2017.

A fake memo about Broadcom’s merger with CA Technologies circulated among Washington lawmakers. Semiconductor company Broadcom said on Wednesday that the letter - made to look like it came from the Defense Department - mentioned the need for the Committee on Foreign Investment in the United States (CFIUS ) to review the merger deal.While the U.S. antitrust officials did give their nod in August, a new law signed by U.S. President Donald Trump gives the CFIUS expanded authority to review deals that could potentially allow foreign companies access to sensitive technologies or those that might compromise U.S. national security. Trump had previously rejected Broadcom's plans of $117 billion acquisition of another chipmaker Qualcomm,  following a CFIUS review.

Credit-rating agency Moody's upgraded semiconductor company Advanced Micro Devices (AMD) on Wednesday. Recently, AMD’s stock price plunged following Tuesday’s reports that rival Intel Corp. might be able to solve problems in its 10-nanometer chip production sooner than expected.Nevertheless, Moody’s upgraded AMD's ‘creditworthiness’, citing several factors related to market potential of the latter's products. According to Moody’s, AMD is currently sampling a 7nm datacenter GPU  and 7 nanometer server processors, expected to be launched in 2018 and 2019 respectively.

Xilinx Inc. launched Alveo, a portfolio of  accelerator cards expected to increase productivity of industry-standard servers across cloud and on-premise data centers. Alveo U200 and Alveo U250 will help customers optimize their productivity according to changing workloads and algorithms, without additional replacement costs. Xilinx has also unveiled Versal, the industry's first adaptive compute acceleration platform.This will cater to AI inference capabilities for various industries, and will be available next year.   The company already enjoys a 58% market share in the field-programmable gate array (FPGA ) market, while competitor Intel holds 42% as of April 2018.