TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Should you invest in AMD stock following Xilinx takeover?

by souhaib
October 29, 2020
in Economie
0
Should you invest in AMD stock following Xilinx takeover?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

  • AMD to acquire Xilinx for $35 billion in an all-stock deal
  • AMD shareholders will own 74% of the merged company, while Xilinx stockholders will get the remaining 26%
  • Legendary stock market analyst Jim Cramer believes AMD stock is “a steal”

Shares of Advanced Micro Devices (NASDAQ: AMD) are trading lower this week after chipmaker paid  $35 billion in an all-stock deal to acquire Xilinx (NASDAQ: XLNX).

Fundamental analysis: Major investment

In yet another deal in the semiconductor industry, investors will receive 1.7234 shares of AMD stock for each Xilinx share. Once the deal is approved, AMD shareholders will own 74% of the merged company, while Xilinx stockholders will get the remaining 26%.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

“Joining together with AMD will help accelerate growth in our data center business and enable us to pursue a broader customer base across more markets,” said Victor Peng, Chief Executive of Xilinx.

Dr Lisa Su, CEO of AMD, will lead the new company as Peng becomes the President responsible for Xilinx.

A few days ago, Xilinx announced a breakthrough product that will have a big impact on the 5G infrastructure rollout.

“For the first time, Xilinx is providing a wireless radio platform with more hardened application-specific IP than adaptive logic to address low power and low-cost 5G requirements,” said Liam Madden, head of the Wired and Wireless Group (WWG) at Xilinx. 

Two weeks ago, Invezz reported that AMD and Xilinx are in talks over a merger.

Technical analysis:  Shares threating to close lower

Jim Cramer, the legendary host of CNBC’s “Mad Money”, commented by saying that AMD stock looks like “a steal”.

Should you invest in AMD stock following Xilinx takeover?
AMD stock chart (TradingView)

“I think AMD still has a ton of upside. You’re effectively getting today’s incredible, magnificent quarter for free. At these levels, I think the stock’s a steal,” he said. 

AMD stock price is trading 4.8% lower on the week after plunging over 3% on Xilinx news. Shares are now approaching a major buy area near $73.00 area, which hosts both the 200-DMA and multi-month horizontal support. 

Summary

Shares of AMD trade lower this week as the price action nears an intramonthly support line near $73 in a move that will offer solid opportunity to invest in AMD shares. 



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Spurs fans stunned as Jose Mourinho makes quadruple half-time change in shock Royal Antwerp defeat

Next Post

Women’s Six Nations 2020: Wales v Scotland off over Covid-19

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0
‘momentum is continuing into 2022’

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0
Astra Space stock closed down 20% on Monday: here’s why

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0
Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0
Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0
Should I buy Uber shares in February 2022?

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post
Women's Six Nations 2020: Wales v Scotland off over Covid-19

Women's Six Nations 2020: Wales v Scotland off over Covid-19

No Result
View All Result

Recent Posts

  • Mexico adds 4 deaths from Covid-19 and 1,367 new infections registered in the last 24 hours
  • Know the relevance of an Search engine marketing and an agency
  • Twitter Has to Give Musk Only 1 Bot Checker’s Knowledge: Its Ex-Product Head
  • Home Reviews 2022
  • The euro falls due to risk aversion

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide