Operating margin was 44%, up 8% year-on-year on higher revenue and high-end compute mix. AMD shares slipped 3.9% on Friday, a relative thumbs-up given the company’s checkered deal history. Based on demand signals from our customers, we expect continued strength in cloud and comms infrastructure and consumer notebook PCs in Q3, but we expect that the weak economic environment will impact our commercial PC business, particularly the desktop form factor, and also drive lower demand for the enterprise and government segment in DCG and in IOTG and Mobileye.

We're delivering for our customers. -------------------------------------------------------------------------------- Robert H. Swan, Intel Corporation - CEO & Director [7] -------------------------------------------------------------------------------- Well, I think the first part of your question, in the -- with 2022 being, in essence, a full array of 10-nanometer products, the expectation is, all else equal, a little more 10-nanometer spend and less 7-nanometer spend, provided we decide to continue to do all of our production inside. We have the largest TAM in the company's history.

Today, we will be speaking to the non-GAAP financial measures when describing our consolidated results. With that, I'll hand it back to Trey, and we'll get to your questions.

Between Intel and our foundation, we are providing $10 million towards coronavirus relief in the communities where we have significant presence. He’s built one of the biggest companies in the sector through a string of debt-fueled acquisitions.This is another risk lurking for Su: The deal makes so much sense that AMD won’t be the only company interested in Xilinx.“Xilinx is one of the last great acquirable assets in semis,” said Chris Rolland, an analyst at Susquehanna. The early results of our pandemic response technology initiative, which we announced earlier this week, underscore Intel's unique ability to partner and collectively solve critical problems. Yes. We are expecting a tax rate of approximately 15.5% in Q3. And then did the shortages anywhere get any worse during the during Q1? Microsoft became the third U.S. public company to pass a $1-trillion valuation in 2019, joining its rival Apple and Amazon.com (NASDAQ: AMZN).What's Next For Apple, Microsoft: Apple continues to grow its services revenue and grow its portfolio of products. We're already seeing the impact of the recession on IOTG, particularly in industrial and retail. We exceeded our guidance by $800 million on the top-line and $0.15 on the bottom-line. While we do recognize that Newmark's business model does maintain a higher split of capital markets and leasing revenues than its larger peers, we believe that this 65-70% core valuation discount is too large.”Following from those comments, O’Shaughnessy gives Newmark a $10 price target, suggesting a 102% upside, and an Outperform (i.e.

Problems with a chip design delayed new product launches and the company gave back market share. Over a 30-year-plus relationship, the two would be allies, rivals and friends.Microsoft made software for the Apple II PC in its early days.

-------------------------------------------------------------------------------- George S. Davis, Intel Corporation - Executive VP & CFO [30] -------------------------------------------------------------------------------- Yes. And in India, we are working with government labs, academia and industry to achieve, faster and cheaper testing to accelerate drug discovery through virus genome sequencing and help architect the pandemic response platform. In the event we're not there and there's a better alternative, be prepared to take advantage of it. Their paths have been similar, and the companies were rivals for many years thanks to a heated relationship between founders Steve Jobs and Bill Gates.About Apple: Apple Inc (NASDAQ: AAPL) started as a computer company and has transformed to include phones, watches, tablets, services and more.In fiscal 2019, Apple's revenue was split as $142.4 billion for the iPhone, $25.7 billion for Mac computers, $21.3 billion for iPads, $24.5 billion in wearables/home and $46.3 billion in services.Apple saw $116.9 billion of its fiscal 2019 revenue come from the Americas region, $60.3 billion from Europe and $43.7 billion from China.Apple introduced the iPod in 2001, which would go on to sell over 400 million units and transform the way people listen to music. In our raised outlook for Q2, we expect that demand for the cloud folks to — the strong demand to continue and possibly even going into the second half of the year. Natural Gas Prices Could Rise Fast. Snowflake is valued at a market cap of $66.4 billion, which means Berkshire holds about a 2.2% stake in the firm.A cloud computing company, Snowflake recently went public and gathered significant attention, as it upsized the IPO pricing twice.The company increased its listing price from $75 to $120 and still managed to open at $245 per share on the first day.Snowflake is an enterprise-facing, cloud-based data warehousing company and is expected to be volatile in the near-term as investors try to make sense of its lofty valuation.Analysts tracked by Yahoo Finance expect Snowflake sales to touch $571.02 million in fiscal 2021, indicating a forward price to sales multiple of 116.7.Photo courtesy: Fortune Live Media via FlickrSee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas(C) 2020 Benzinga.com. Great, thank you. We had a pleasant surprise for investors, when S&P 500 climbed back above 3,400 to start the month.

Therefore, MESA has a Strong Buy consensus rating. Our data-centric businesses grew 34% and now represent approximately 51% of the company's revenue, and our PC-centric business grew 14%. Notebook demand strength is expected to continue into Q2 with more people working and learning from home due to COVID-19-related shelter-in-place orders. It takes hundreds of millions of dollars and years of work to develop microprocessors. Raymond James Predicts Over 100% Rally for These 3 Stocks, U.S. should try to delay IPO of China's Ant Group, Senator Rubio says. And I guess, more importantly, how do we think about kind of normalized sort of gross margins as you get past some of the start-up costs for a faster 10-nanometer ramp? We're mitigating the impact of the process delay on our product schedules by leveraging improvements in design methodology such as die disaggregation and advanced packaging. Format: PDF : The following is excerpted from the question-and-answer section of the transcript. For the fiscal year ending June 30, Harvard’s endowment produced a 7.3% return, versus a 7.5% total return for the S&P 500 (SPX) . But I’d just go back to the first point, which is we’re very bullish about the multi-year view. Source: Thomson StreetEvents. In Q2, we generated $11.2 billion in operating cash flow and invested $3.4 billion in CapEx, with $7.7 billion of free cash flow up 92% year-over-year. -------------------------------------------------------------------------------- Operator [17] -------------------------------------------------------------------------------- Our next question comes from the line of Stacy Rasgon from Bernstein Research.

23, 2020Corporate Participants: Trey Campbell — Head of Investor Relations. Setting the screener filters to show stocks with "strong buy" consensus rating and a high dividend yields exceeding 9% gave us a manageable list of stocks. And of course, the balance sheet is ready with plenty of chips on the table (~$2.5B cash and net debt of -$67M), giving the company strategic optionality in a time when other companies, especially higher levered satellite companies, are cash starved with significant maturities or capex programs.” In line with those comments, Prentiss rates this stock a Strong Buy, and his price target of $57 implies room for an upside of 127% in the next 12 months. By now, you should have received a copy of our earnings release and the earnings presentation. It is very important to do your own analysis before making any investment. And we are evaluating now -- in light of where we are, where we think the industry, the competition of third parties are, evaluating now what's the best option for us to make sure that we can deliver an annual cadence of product leadership for our customers. And maybe a follow-up.

And that’s not going to change.

That’s the TBD, but the trends are relatively encouraging, the demand signals are very high. Which EV Stock Will Grow The Most By 2025?

"It's outrageous that Wall Street is rewarding the Chinese Communist Party's blatant crackdown on Hong Kong's freedom and autonomy by orchestrating Ant Group's IPO on the Hong Kong and Shanghai stock exchanges," Rubio, a Republican, said in a statement to Reuters. Apple's Services business includes the highly lucrative App Store and several subscription products like the Apple TV+, Apple Music, Apple Care, and Apple Arcade.Apple has successfully created a robust ecosystem with a strong focus on customer engagement.

Please refer to our press release for more information on the specific risk factors that could cause actual results to differ materially.

And so when you look at the impact that Tiger Lake reserves are having on the quarter, it's about the same level of impact that we had on Ice Lake in Q1 of '19. Our products and capabilities are also delivering vital computing power for medical research, robotics for assisted patient care and artificial intelligence and data analytics for public health. * Which Video Game Console Maker's Stock Will Grow The Most By 2025? And thank you all for joining us today. Thanks, Kevin. We had customers who have been short of demand for a number of quarters who are seeing a chance to finally built a little bit of inventory, which gave us a seasonally strong first quarter relative to anything we might see historically. We delivered more demand and we got to continue to build the inventory levels back, so we can deal with a variation by SKU mix. Next, we have a Cascade Lake refresh that is a relatively simple, simple upgrade, easier upgrade for our customers because the architecture is very simple to the fastest-growing Cascade Lake ramp. Next we have a Cascade Lake refresh that is a relatively simple upgrade, easier upgrade for customers because the architecture is very simple to the fastest growing Cascade Lake ramp and we’re very focused on Ice Lake in the second half of the year or in the fourth quarter as we indicated. George, I want to go back to the gross margins. Mobileye revenue and operating income were up 22% and 29% respectively, driven by continued ADAS penetration and new EyeQ program launches, offset partially by eroding conditions in the automotive markets. At the time, AMD was on a roll. -------------------------------------------------------------------------------- George S. Davis, Intel Corporation - Executive VP & CFO [37] -------------------------------------------------------------------------------- We're -- obviously, we're very focused on understanding that. -------------------------------------------------------------------------------- Christopher Brett Danely, Citigroup Inc, Research Division - MD & Analyst [40] -------------------------------------------------------------------------------- Can you just run down the supply demand sort of balance throughout the server, desktop and notebook lines? Intel technology runs 95% of the world's Internet communication and government digital infrastructure. So that's... -------------------------------------------------------------------------------- Stacy Aaron Rasgon, Sanford C. Bernstein & Co., LLC., Research Division - Senior Analyst [20] -------------------------------------------------------------------------------- Yes, but you're just making it sound like where you can typically get to, is there... -------------------------------------------------------------------------------- Robert H. Swan, Intel Corporation - CEO & Director [21] -------------------------------------------------------------------------------- Let me just finish, Stacy. -------------------------------------------------------------------------------- Robert H. Swan, Intel Corporation - CEO & Director [22] -------------------------------------------------------------------------------- Yes.