Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
Jefferies predicts AMD shares can go higher even after the chipmaker stock's stunning rise this year.
The firm raised its price target for AMD shares to $36 from $30, predicting big market share gains for the chipmaker due to Intel's processor shortages. Jefferies also reiterated its buy rating for the shares.
Analyst Mark Lipacis cited a report from research firm Fubon, which said HP will adopt AMD processors for up to 30 percent of its consumer PCs next year and Dell will use more AMD chips for its commercial PC line.
As a result, the analyst predicts AMD may be able to triple its market share to 30 percent of the processor market from 10 percent today.
"Fubon's report that Intel will undersupply the PC market between 4Q18 and 2Q19 leaves us with higher conviction that AMD will report improving revenue, pricing and margins near term, and that is positioned to take share in the high end PC MPU and server market long term," Lipacis said Friday in a note to clients titled "INTC Supply Constraints = Multi-Fold Benefits to AMD."
AMD shares dipped 0.5 percent Friday, however.
There is "share shift potential to 70/30 from 90/10," Lipacis said. "Assuming our assessment of AMD's transistor lead in 2019 is correct, and Intel's supply constraints linger through mid-19, we think a market share of 70/30 is not out of the question."
Last week J.P. Morgan said Intel's chip shortage is 'worsening.' The firm said Intel is having capacity issues from its delays moving to next-generation 10-nanometer manufacturing technology.
On Thursday, Micron confirmed industry PC processor shortages are hurting demand for its memory chips.
AMD's stock is significantly outperforming the market this year. Its shares are up 203.3 percent year to date through Thursday versus the S&P 500's 9.6 percent gain. The company's stock is the top-performing name in the S&P 500 this year.