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AMD's Macbook Pro Inclusion Signals Upside for Graphics Market Share

AMD logoAdvanced Micro Devices (AMD) competes with Intel (INTC) and Nvidia (NVDA) in the PC microprocessor and graphics businesses. Our price estimate for AMD stands at $9.30, which is roughly in line with market price. We estimate that although most of the company's value comes from microprocessor business, about 14% can be attributed to graphics.

One of the recent wins in this regard was Apple's (AAPL) plan to use AMD's graphics cards in its Macbook Pro notebooks. What does this tell us about AMD?

Continue reading AMD's Macbook Pro Inclusion Signals Upside for Graphics Market Share

After hours Apple trading lifts Apple stock up to near $150 a share

Yesterday saw Apple, Inc. (NASDAQ: AAPL) stock slip as people reacted to the news of lower than expected iPhone activations. Today at 5:00 PM Apple released news that it had a "blow out" quarter with its computer sales, with 1,764,000 Macs sold, a 33% increase from the previous year over year quarter. With revenue of $5.41 billion and $818 million in profit, Apple increased it's quarter's results from the previous comparable year in profit from $472 million.

Although Apple stock rebounded throughout the day, moving up $2.65 to end at $137.54, after hours trading has seen the stock pushing $150 a share, a strong sign that investors were already reacting positively to the quarter's results.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 08:21 AM

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