Taking too long? Close loading screen.
Connect with us

Tech

Xilinx stock goes up, AMD stock goes down after $35B buyout

Published

on

Advanced Micro Devices (AMD) has officially acquired San Jose chipmaker Xilinx for a moustache-twirling $35 billion.

The deal is this year’s second largest tech disclosed acquisition, behind NVIDIA’s $40 billion buyout of mobile phone chipmaker Arm in September.

As a result, Xilinx (XLNX) shareholders will get 1.7234 AMD shares for each XLNX share held at the time of the acquisition. “Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock,” reads an AMD press release.

(If the visualizations below don’t show, try reloading this page in your browser’s “Desktop Mode.”)

XLNX rose 10% in the hours after the deal’s disclosure to $125.21, still 12% less than the $143 per share price estimated by AMD. AMD stock fell 5%.

XLNX‘s current market value is a touch more than $30 billion, which is more in line with the rumored acquisition price that surfaced earlier this month.

AMD buyout did just the trick for XLNX’s stock price

XLNX is now up 30% year to date, bringing the stock six points ahead of the S&P Semiconductor Index, but well behind rampaging semiconductor stocks like NVIDIA (NVDA) and AMD.

It is however streaks ahead of industry titan Intel, which has seen its stock price plummet more than 22% this year after reporting its second lacklustre earnings in a row.

amd, xilinx, stock

[Read: NVIDIA takes the US chipmaker crown from Intel — a first since 2014]

On Intel, Wall Street insider Nancy Tengler told CNBC: “It had two bad quarters. There’s likely to be another one.”

The biggest US-listed chipmaker is really from Taiwan

In terms of sheer growth, NVDA has added more dollars to its market cap this year than practically any other semiconductor stock on the market.

NVDA began 2020 worth $147.5 billion — it’s now valued at more than $329.3 billion, $181 billion added in less than 10 months.

But Taiwan’s Taiwan Semiconductor Manufacturing Company is still the outright biggest.

The US-listed firm is worth nearly $405 million, more than 22% larger than runner-up NVDA and over twice as big as third place INTC.

Published October 27, 2020 — 17:27 UTC

Source

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

Published

on

Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

Advertisement

Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

Advertisement


Source

Continue Reading

Tech

Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

Advertisement

That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

Advertisement

Grab this offer while it’s still around!


Source

Continue Reading

Tech

Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

Advertisement

You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

Advertisement


Source

Continue Reading

Trending