AMD (AMD) & Nvidia (NVDA) Stocks Move After Intel’s Recent Financial Reports

AMD (NASDAQ:AMD) shares are up 2% to $12.66. AMD reports earnings on January 30. Nvidia (NASDAQ:NVDA) shares are up 0.7% to $238.09. Nvidia reports earnings on February 7. Intel (NASDAQ:INTC) shares are up 4.5% aftermarket following Q4 results that has beaten the estimates on revenue. The report is the first one coming out since the highly publicized Meltdown and Spectre chip flaws were reported.

Intel's Q4 Report

Intel’s Q4 Report

Intel Just released its Q4 2017 financial reports that everybody was expecting to see. After the huge shadow of new CPU flaws came over the Intel’s head, the possible impacts of it on Intel’s financial reports were expected to be reflected in the reports, but maybe not really. As Intel reported in the release of it report:

• Record fourth-quarter revenue was $17.1 billion and record full-year revenue was $62.8 billion. Excluding
McAfee, fourth-quarter revenue grew 8 percent year-over-year with data-centric revenue up 21 percent, and
full-year revenue grew 9 percent year-over-year.
• Delivered outstanding quarterly and annual earnings growth.
• In 2017, Intel generated a record $22 billion cash from operations and returned nearly $9 billion to
shareholders.
• In 2018, Intel expects another record year and is raising its quarterly cash dividend 10 percent on an annual
basis

Intel CEO Brian Krzanich Stated that: 

“2017 was a record year for Intel with record fourth-quarter results driven by strong growth of our data-centric
businesses,” said Brian Krzanich, Intel CEO. “The strategic investments we’ve made in areas like memory,
programmable solutions, communications and autonomous driving are starting to pay off and expand Intel’s growth
opportunity. In 2018, our highest priorities will be executing to our data-centric strategy and meeting the
commitments we make to our shareholders and our customers.”

Intel also mentioned ‘AMD VEGA GRAPHICS DEAL IN ITS REPORT’

Intel’s Client Computing Group (CCG) shipped a record volume of Intel  Core  i7 processors, launched the new 8th Gen Intel  Core  processor with Radeon  RX Vega M Graphics, and announced an expanding line-up of LTE and 5G multi-mode modems. The Non-Volatile Memory Solutions Group (NSG) launched the new Intel Optane SSD DC P4800X Series for the data center.

Tags: AMD, Nvidia, NVDA, intel, intc, AMD stocks, Nvidia stocks, NVDA stocks, intel stocks, intc stocks, stocks,

Mohsen Daemi
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