Boston, MA 11/07/2014 (wallstreetpr) – Advanced Micro Devices, Inc. (NYSE:AMD), a global chipmaker, is planning entry into the new chip markets. The company is reportedly interested in the mobile, tablet and wearable markets where it does not already have a good presence. Chipmakers are looking into new revenue opportunities as the aging PC market fails to deliver good results.
According to the media sources, Advanced Micro Devices, Inc. (NYSE:AMD)’s top executives including CEO, Lisa Su, have planned visits to partners. The visits are expected to help them understand the ins and outs of the new segments that want to enter. They will visit companies such as Asustek Computer, Lenovo and Taiwan Semiconductor Manufacturing Company.
Advanced Micro Devices, Inc. (NYSE:AMD) is expected to discuss its product roadmap with the partners. The company posted unwanted 3Q financial results.
NVIDIA Corporation (NASDAQ:NVDA) is scheduled to announced its 3Q financial results after the market on November 6. The same will be followed by a conference call to discuss the performance. In the last quarterly report, the company topped the consensus earnings estimates, and its revenue increased nearly 13% YoY. In the current quarter, a number of analysts have already weighed in with their performance predictions.
Analysts at Pacific Crest Securities, for instance, expect revenue of $1.2 billion and earnings of $0.27 per share for the quarter. The analysts also cited that NVIDIA Corporation (NASDAQ:NVDA)’s diversification into such segments as tablet, game consoles and smartphones could boost performance.
Yelp Inc (NYSE:YELP)’s expansion into the foreign markets is something that has attracted the interest of analysts tracking the stock. Analysts at Barclays recently commented on the stock and presented a bullish view on it while citing its opportunities in the global markets. Yelp Inc (NYSE:YELP) operates in 66 international markets, and the number is expected to increase. While international operations currently account for just a small fraction of the company’s total revenue, it is expected to improve gradually.
Analysts at Barclays see Yelp Inc (NYSE:YELP) generating $546 million or about 30% of its total revenue from foreign markets. However, for the next few years, the analysts expect foreign operations to contribute revenue of $27 million and $60 million in fiscal years 2015 and 2016, respectively.