Stock Market logoStock Market Station

All the stock market news, every minute updated!

28 July 2021
19:51 hour

BofA reups chip favorites as cloud spending broadens beyond Amazon

Seeking Alpha

22/07/2021 - 01:09


READ THE FULL ARTICLE ON SEEKING ALPHA

Related headlines:

  1. BofA seeks chip-industry winners from massive infrastructure spending (31/03/2021 - Seeking Alpha)

    [visit article]
  2. Google's cloud taps AMD for new service as chip wars heat up (17/06/2021 - Reddit Stocks)
    AMD is up 3% this morning because of this deal. Does this allow the stock to retrace all time highs or are chip shortages and a high multiple still a concern? I own $90 LEAPS for next year and while they are currently in the red, I'm still bullish on the company. June 17 (Reuters) - Advanced Micro Devices Inc (AMD.O) and Alphabet Inc's (GOOGL.O) Google Cloud on Thursday said Google will offer cloud computing services based on AMD's newest data center chip, a move likely to intensify AMD's push to grab market share from rival Intel Corp (INTC.O). Cloud computing providers such as Google, Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) are some of the biggest buyers of data center chips. They build services on top of the chips to rent the computing power out to millions of customers. Google said on Thursday it will start offering services based on AMD's "Milan" server chip, which AMD released in March. Google said customers such as Snap Inc (SNAP.N) and Twitter Inc (TWTR.N) are testing the new AMD-based services. AMD has been gaining market share against Intel, which was long the dominant player in data center chips but whose offerings have inferior performance on some measures because of years of stumbles in Intel's manufacturing operations. Intel in April announced its "Ice Lake" chip competitor to AMD's "Milan" chip and said all major cloud providers would support it, but Intel has not said when Google will start offering services based on its latest chip. https://www.reuters.com/technology/googles-cloud-taps-amd-new-service-chip-wars-heat-up-2021-06-17/   submitted by   /u/BigRed323 [link]   [comments]
    [visit article]
  3. BofA names semicap stock favorites amid new capacity, 'silicon nationalism' (13/02/2021 - Seeking Alpha)

    [visit article]
  4. : Amazon and Microsoft rule the cloud — but where do Alphabet and smaller companies fit in? (10/02/2021 - Market Watch)
    Alphabet released cloud results for the first time. What's clear is that it isn't a shoo-in for No. 3 in the cloud business.
    [visit article]
  5. In-house silicon designers? (05/07/2021 - Reddit Stocks)
    Currently a lot of my portfolio is in semiconductors but mainly in pure play fabs like TSM and capital equipment providers like AMAT. Recently, I was thinking of investing in some fabless companies like AMD and NVIDIA. However I was wondering if these fabless companies face a risk from in house chip designs ie Apple, Amazon, Google, designing their own chips, such as Apple’s M1. As I understand it, AMD and NVIDIA’s astronomical market caps are based in large part on the prediction that their chip designs will be widely adopted in data centers. However, if major cloud computing providers such as Amazon and Microsoft are already designing their own CPU’s and Google already has some kind of AI ASIC doesn’t that bode pretty bad for the likes of AMD and NVIDIA?   submitted by   /u/Woop9001 [link]   [comments]
    [visit article]
  6. Pentagon cancels $10 billion JEDI cloud contract that Amazon and Microsoft were fighting over (06/07/2021 - Reddit Stocks)
    The Department of Defense announced Tuesday it’s calling off the $10 billion cloud contract that was the subject of a legal battle involving Amazon and Microsoft. The JEDI, or Joint Enterprise Defense Infrastructure, deal has become one of the most tangled contracts for the Department of Defense. In a press release Tuesday, the Pentagon said that “due to evolving requirements, increased cloud conversancy, and industry advances, the JEDI Cloud contract no longer meets its needs.” But the fight over a cloud computing project does not appear to be completely over yet. The Pentagon said in the press release that it still needs enterprise-scale cloud capability and announced a new multi-vendor contract known as the Joint Warfighter Cloud Capability. The agency said it plans to solicit proposals from both Amazon and Microsoft for the contract, adding that they are the only cloud service providers that can meet its needs. But, it added, it will continue to do market research to see if others could also meet its specifications. Which company do you think will win the contract? will there be underdog companies challenging the cloud gaints? ​ Full source: https://www.cnbc.com/2021/07/06/pentagon-cancels-10-billion-jedi-cloud-contract.html   submitted by   /u/greenfish00 [link]   [comments]
    [visit article]
  7. Earnings Results: Lam Research record results, outlook point to big chip maker capex spending (21/04/2021 - Market Watch)
    Lam Research Corp. reported record quarterly results in the extended session Wednesday as the company's results are showing proof that chip makers are spending more to build out capacity amid a global semiconductor shortage.
    [visit article]
  8. Disney rises as Truist reups Buy rating on NFL deal upside (22/03/2021 - Seeking Alpha)

    [visit article]
  9. RingCentral jumps 3.6% as BofA names it top pick in cloud communications (20/04/2021 - Seeking Alpha)

    [visit article]
  10. SAP stock pops after BofA double upgrade on cloud momentum (07/07/2021 - Seeking Alpha)

    [visit article]
  11. Pandemic Impact: Gartner forecasts India public cloud end-user spending to touch $4.4 billion in 2021 (05/05/2021 - Financial Express)
    End-user spending on public cloud services in India will total $4.4 billion in 2021, according to the latest forecast from IT consulting firm Gartner
    [visit article]
  12. AMZN Stock: $4,000 Target By Evercore (From #20 Tipranks Analyst) (12/04/2021 - Reddit Stocks)
    'The shares of Amazon.com, Inc. (NASDAQ: AMZN) have received a price target of $4,000 by Evercore. And Evercore analyst Mark Mahaney assigned Amazon an “Outperform” rating. Mahaney said that the sector view is “near-term pragmatic, but long-term bullish” — which benefits both Amazon and Facebook. Plus Mahaney noted that Amazon is probably the “broadest structural winner with permanent pull-forward of retail spending and ad budgets online as well as acceleration of cloud adoption.” In the research report, Mahaney also noted that Amazon is likely the “single best Internet asset.” And he believes that the company has a reasonable valuation and is “trading modestly below average EV/Sales & EV/EBITDA multiples).” Source: https://pulse2.com/amzn-stock-nasdaq-amzn-4000-target-by-evercore/   submitted by   /u/Karnes [link]   [comments]
    [visit article]
  13. Now Amazon explores cryptocurrencies, blockchain; hints towards crypto payments with this job posting (25/07/2021 - Financial Express)
    Amazon said the candidate needs to possess deep understanding of the digital/cryptocurrency ecosystem and related technologies. Currently, the cloud computing arm Amazon Web Services (AWS) offers Managed Blockchain service.
    [visit article]
  14. Capitol Report: Amazon, Facebook keep up their sizable spending on Washington lobbying during Q1 (21/04/2021 - Market Watch)
    Amazon.com Inc. and Facebook Inc. continue to lead the so-called FAANG companies in spending on Washington lobbying during this year's first quarter, according to new disclosures.
    [visit article]
  15. Intel is spending $20 billion to build two new chip plants in Arizona (23/03/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html Intel announced on Tuesday that it will spend $20 billion to build two major factories in Arizona. The news comes amid a worldwide chip shortage that is snarling industries from automobiles to electronics and worries the U.S. is falling behind in semiconductor manufacturing. The announcement signals that Intel will continue to focus on manufacturing. Intel stock price broke 52 week high after hr, but amd and tsm are down. I am not sure if intel can really solve the manufacturing long term problem by investing this 20 billion. Tomorrow I am going to buy TSM, it is down to $110 and 1 month low. I believe TSM will still outperform intel for the long term.   submitted by   /u/coolcomfort123 [link]   [comments]
    [visit article]
  16. Spending data points to sporting-goods store upside, BofA says (30/04/2021 - Seeking Alpha)

    [visit article]
  17. Delta variant surge is hiting sentiment, but not yet spending, BofA says: At the Open (21/07/2021 - Seeking Alpha)

    [visit article]
  18. Amazon's third-party shipping presents $15B opportunity, says BofA (09/07/2021 - Seeking Alpha)

    [visit article]
  19. Amazon, Walmart and Target called retail winners by BofA (20/03/2021 - Seeking Alpha)

    [visit article]
  20. Cloud Solutions: Finding a niche in modern-day cloud (13/05/2021 - Financial Express)
    With cloud being the critical service for every business, homegrown small and medium cloud firms are making a mark in the market with their innovative solutions
    [visit article]
  21. Alibaba is making its cloud OS compatible with multiple chip architectures (29/05/2021 - Reddit Stock Market)
      submitted by   /u/hhh888hhhh [link]   [comments]
    [visit article]
  22. PaySafe $PSFE sign multi-year agreement with Amazon Web Services (29/04/2021 - Reddit Stocks)
    https://ibsintelligence.com/paysafe-signs-multi-year-agreement-with-amazon-web-services/ This could be a catalyst in kick starting the ‘Tech Growth Stock’ status. Payments platform Paysafe has signed a global multi-year agreement with Amazon Web Services in a bid to become a fully cloud-based payments provider. Paysafe is migrating its broad portfolio of workloads, including eCash solutions, paysafecard and Paysafecash, and its digital wallets, Skrill and NETELLER, to AWS to develop new cloud-native merchant payment and consumer wallet products for its business and consumer customers.   submitted by   /u/JiggazInParis [link]   [comments]
    [visit article]
  23. Amazon spent $11 billion on video and music content last year, up from $7.8 billion in 2019 (15/04/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/04/15/amazon-spent-11-billion-on-video-and-music-content-last-year.html Amazon spent $11 billion on video and music content in 2020, up from $7.8 billion a year earlier. The company ramped up spending on video and music content as consumers spent more time indoors and looking at screens amid the coronavirus pandemic Amazon is heading to the right direction as the company spending more on video and music content. This will help amazon to attract more prime members and let customers enjoy more quality contents fo paying prime membership. This is also a good move to help defend the competition from Netflix and Disney+. As some faang stocks are breaking new high everyday, amazon should be able to break 52 weeks high this year.   submitted by   /u/coolcomfort123 [link]   [comments]
    [visit article]
  24. : Nokia stock jumps following rally in Reddit favorites (25/02/2021 - Market Watch)
    Nokia stock jumped in early trading on Thursday, following a rally in Reddit favorites GameStop and AMC Entertainment.
    [visit article]
  25. : Nokia stock jumps following rally in Reddit favorites (25/02/2021 - Market Watch)
    Nokia stock jumped in early trading on Thursday, following a rally in Reddit favorites GameStop and AMC Entertainment.
    [visit article]
  26. Alibaba expands cloud products with livestream shopping in its battle against Amazon (08/06/2021 - Reddit Stocks)
    GUANGZHOU, China — Alibaba has launched a slew of new cloud computing products as the Chinese e-commerce giant looks to expand across Asia. Cloud computing is seen as a key profit driver for Alibaba over the long term and in the past few years, it has been boosting its presence aggressively outside of China. On Tuesday, Alibaba announced plans to open a new data center in the Philippines by the end of the year and launched a third data center in Indonesia. Expanding data centers allows cloud providers to boost their capacity in certain countries or regions. Alibaba also launched a cloud-based livestreaming product designed for online shopping. It will allow e-commerce players to launch a live stream shopping feature on their websites or apps that are hosted on Alibaba’s cloud. Livestream shopping usually involves a host talking about products that customers can buy directly via the live broadcast. It has become very popular in China and is growing in other parts of Asia. The Chinese e-commerce firm hopes that such a product can help it stand out from U.S. rivals including Microsoft and Amazon in the cloud market. In the Asia-Pacific region, Alibaba was the biggest public cloud market vendor at the end of 2020 with a 19.2% share, according to IDC, boosted by success in China. Amazon was second with a 10.5% share. However, in the global market, Alibaba still trails Microsoft, Amazon and Google. Alibaba’s cloud announcements come after it reported its first net loss as a public company in the January to March quarter. The company was hit with a massive $2.8 billion fine as a result of an anti-monopoly investigation by Chinese authorities. Maggie Wu, Alibaba’s CFO, said the company would invest “incremental profits and additional capital” in “new businesses and key strategic areas” in its current fiscal year. In China, Alibaba faces growing competition from other technology giants including Huawei and Tencent which more recently have stepped up their cloud computing investments. https://www.cnbc.com/2021/06/08/alibaba-cloud-expands-products-with-livestream-shopping-data-centers.html   submitted by   /u/TaxShield [link]   [comments]
    [visit article]
  27. Nasdaq, Dow Jones extend losses as selloff broadens (19/04/2021 - Seeking Alpha)

    [visit article]
  28. Wall Street Slumps at Open as Correction Broadens; Dow Down 380 Pts (11/05/2021 - Investing.com)

    [visit article]
  29. Dell led cloud infrastructure vendors as Q1 spending stayed strong (01/07/2021 - Seeking Alpha)

    [visit article]
  30. The Ratings Game: Amazon excels at convenience but struggles to create ‘excitement’ (30/04/2021 - Market Watch)
    Amazon's net income for the 12 months ending March 31 was a stunning $26.9 billion with the pandemic fueling e-commerce spending.
    [visit article]
  31. Amazon acquires secure chat app used by government agencies (25/06/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/06/25/amazon-acquires-wickr-secure-messaging-app-used-by-government-agencies.html Amazon Web Services has acquired Wickr, a popular secure messaging platform, the company announced Friday. It comes as Amazon's cloud-computing unit looks to pick up more government business. Amazon is doing a great job by keep reinvesting the profit. This is a good example by strengthen the AWS to compete with msft azure. The stock price almost break 52 weeks high this week, but it should be able to break ath before the next quarterly earning report.   submitted by   /u/coolcomfort123 [link]   [comments]
    [visit article]
  32. Cadence broadens its system analysis portfolio with acquisition of Pointwise (15/04/2021 - Seeking Alpha)

    [visit article]
  33. Atal Innovation Mission and AWS partner for cloud skilling of students, ed-tech startups in India (18/03/2021 - Financial Express)
    The Atal Innovation Mission today announced its collaboration with Amazon Web Services (AWS) for its AWS Educate programme to provide resources for students and educators to accelerate cloud-related learning in the country.
    [visit article]
  34. Thoughts on AMZN (24/03/2021 - Reddit Stocks)
    AMZN has always been one of my favorites. I bought in November, and I’ve seen it do nothing. I plan to hold it for a long time,so the short term action is irrelevant to me. I was thinking of adding a share into my Roth but not sure if I’d be better off buying VOO or something else. Just curious on everyone’s thoughts on Amazon.   submitted by   /u/stonks6 [link]   [comments]
    [visit article]
  35. Moving to the cloud: Grow your business, not overheads, with cloud apps (21/04/2021 - Financial Express)
    Infosys has been at the forefront of building and rolling out a comprehensive ecosystem to create and manage cloud applications
    [visit article]
  36. New Amazon CEO Jassy adds cloud vets to inner circle (07/07/2021 - Seeking Alpha)

    [visit article]
  37. Amazon, Google win $1.2B contract from Israel for cloud sites (21/04/2021 - Seeking Alpha)

    [visit article]
  38. Amazon nears deal to buy MGM Studios for nearly $9 billion (24/05/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/05/24/amazon-nears-deal-to-buy-mgm-for-nearly-9-billion.html Amazon is close to a deal to buy MGM for between $8.5 billion and $9 billion. It'd be Amazon biggest acquisition since it bought Whole Foods in 2017 for $13.7 billion. This is a positive news for amazon as it spending big on acquisition to boost the video contents. This will help attract more prime members and let them enjoy more quality contents. This is also a major move to defend the competition from Netflix and Disney+. As the share still trading near $3250, it is still a very reasonable price for investors to buy and hold.   submitted by   /u/coolcomfort123 [link]   [comments]
    [visit article]
  39. Amazon Web Services named official cloud provider for PGA Tour (02/03/2021 - Seeking Alpha)

    [visit article]
  40. Amazon, IBM and Google respond to Pentagon's revised cloud contract (07/07/2021 - Seeking Alpha)

    [visit article]
  41. Pentagon continues to reconsider $10B cloud contract challenged by Amazon (10/05/2021 - Seeking Alpha)

    [visit article]
  42. Ferrari selects Amazon Web Services as its official cloud provider (18/06/2021 - Seeking Alpha)

    [visit article]
  43. Swisscom selects Amazon Web Services as preferred cloud partner (28/06/2021 - Seeking Alpha)

    [visit article]
  44. Jeff Bezos to formally step down as Amazon CEO on July 5, Andy Jassy to take over (26/05/2021 - Reddit Stocks)
    Amazon CEO Jeff Bezos will step down on July 5, turning the helm over to cloud-computing boss Andy Jassy. "We chose that date because it's sentimental for me, the day Amazon was incorporated in 1994, exactly 27 years ago," Bezos said Wednesday at Amazon's annual shareholder meeting, which was held virtually. Amazon announced in February that Bezos would leave his post later this year. Bezos will transition to executive chairman of Amazon's board and is expected to dedicate more time toward initiatives like the Bezos Earth Fund, his Blue Origin spaceship company, The Washington Post and the Amazon Day 1 Fund. The company had kept its succession plans quiet, though onlookers speculated that either Jassy or Jeff Wilke, who retired from his post as head of Amazon's worldwide consumer business last August, would be Bezos' eventual successor. Source   submitted by   /u/Brothanogood [link]   [comments]
    [visit article]
  45. Amazon led IaaS cloud services in 2020, but Microsoft posted higher growth (28/06/2021 - Seeking Alpha)

    [visit article]
  46. EU data privacy watchdog launches probes into Amazon, Microsoft cloud services (27/05/2021 - Seeking Alpha)

    [visit article]
  47. Amazon.com pursues its own networking chip amid frosty Broadcom relationship - report (30/03/2021 - Seeking Alpha)

    [visit article]
  48. Pentagon could pull Microsoft's $10 billion cloud contract over Amazon legal battle (05/03/2021 - Seeking Alpha)

    [visit article]
  49. Sumo Logic teams up with Amazon Web Services for hybrid cloud security solution (01/06/2021 - Seeking Alpha)

    [visit article]

For more information mailto [email protected]. Disclaimer.