Technology Stocks Worth Chasing: Advanced Micro Devices, Inc. (AMD), Intel Corporation (INTC)
Advanced Micro Devices, Inc. (AMD) ended last trading session with a change of 2.66 percent. It trades at an average volume of 63.35M shares versus 72.88M shares recorded at the end of last trading session. The share price of $14.28 is at a distance of 523.58 percent from its 52-week low and down -8.17 percent versus its peak. The company has a market cap of $13.38B and currently has 937M shares outstanding. The share price is currently 4.02 percent versus its SMA20, 16.57 percent versus its SMA50, and 74.5 percent versus its SMA200. The stock has a weekly performance of 9.51 percent and is 25.93 percent year-to-date as of the recent close.
March 10, 2017 — Twentieth Century Fox’s (FOX) much anticipated, action-thriller, “Alien: Covenant,” hitting theaters May 19th, marks visionary director Ridley Scott’s return to the universe he created. Continuing to enthrall fans, FOX has tapped Advanced Micro Devices, Inc. (AMD) to be the official CPU/GPU partner for “Alien: Covenant” and will release its branded short, “Meet Walter” that stars Michael Fassbender as his character Walter. As the centerpiece of the #MeetWalter campaign, this short introduces Walter, the latest synthetic android with intelligence powered by AMD (AMD), RyzenTM and RadeonTM processors, and manufactured by the film’s fictional corporation Weyland-Yutani.
Intel Corporation (INTC) recently recorded -2.09 percent change and currently at $35.16 is 21.86 percent away from its 52-week low and down -7.9 percent versus its peak. It has a past 5-day performance of -1.15 percent and trades at an average volume of 22.81M shares. The stock has a 1-month performance of -0.85 percent and is -2.37 percent year-to-date as of the recent close. There were about 4.73B shares outstanding which made its market cap $166.21B. The share price is currently -2.4 percent versus its SMA20, -3.2 percent versus its SMA50, and 0.77 percent versus its SMA200.
On March 13, 2017 Intel Corporation (INTC) and Mobileye N.V. (MBLY) announced a definitive agreement under which Intel would acquire Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. Pursuant to the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing an equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.