Jefferies Reiterates Buy as Advanced Micro Devices (AMD) Announces Alibaba (BABA) Partnership

Oppenheimer Upgrades AMD (AMD) to Perform

Oppenheimer upgraded AMD (NASDAQ: AMD) from Underperform to Perform.

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $6.75 yesterday.

ZTO Express eyes largest Chinese company U.S. IPO since Alibaba

(Reuters) - Logistics company ZTO Express has set terms for what could be the largest U.S. initial public offering this year and also the biggest by a Chinese company after the $25 billion (20.10 billion pounds) IPO of e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) in 2014.

ZTO's IPO later this month, which could raise as much as $1.5 billion, is the latest example of a Chinese company seeking to capitalize on its growth prospects to lure Western investors, while also... More

ZTO Express eyes largest Chinese company U.S. IPO since Alibaba

(Reuters) - Logistics company ZTO Express has set terms for what could be the largest U.S. initial public offering this year and also the biggest by a Chinese company after the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) in 2014.

ZTO's IPO later this month, which could raise as much as $1.5 billion, is the latest example of a Chinese company seeking to capitalize on its growth prospects to lure Western investors, while also avoiding the red... More

Stocks with call strike movement; BABA FCX

Alibaba (NYSE: BABA) February 120 call option implied volatility increased 1% to 33, Freeport-McMoran (NYSE: FCX) January 12 call option implied volatility decreased 2% to 55.

Pre-Open Stock Movers 10/14: (DGLY) (AMD) (ICPT) Higher; (SMSI) (HIVE) (NTNX) Lower (more...)

Today's Pre-Open Stocks Movers

Smith Micro Software (NASDAQ: SMSI) 20.8% LOWER; announced preliminary revenue results for its fiscal third quarter ended, September 30, 2016. Preliminary revenue for the quarter is expected to be approximately $6.5 million, which is below the company's previously announced guidance of revenue in the range of $7.9 million to $8.4 million. *** The Street sees revenue of $8.2 million.

Aerohive Networks (NYSE: HIVE) 20.1% LOWER; Revenue for the third fiscal quarter is expected to be $40 million, which is below the... More

Advanced Micro Devices (AMD) Updates on New Solutions for Largest VR Problems; Enters New Collaborations

AMD (NASDAQ: AMD) outlined powerful new solutions to two of the largest issues facing professional VR content creators today: how to create compelling VR content that approaches cinematic fidelity, and how to maximize that content's viewership. In the opening keynote at VR on the Lot, a two-day summit... More

AMD(AMD) Shares Gain Early on Alibaba (BABA) Cloud Collaboration

Advanced Micro Devices (Nasdaq: AMD) shares are ticking higher in early trading Friday after the company an Alibaba announced a cloud collaboration. The stock is up around 5 percent ahead of the opening bell.

For more on the collaboration, click here.

Advanced Micro Devices (AMD), Alibaba Cloud Announce Collaboration

Today at the Alibaba Computing Conference, AMD (NASDAQ: AMD) President and CEO Dr. Lisa Su joined Simon Hu, president of Alibaba Cloud, the cloud computing arm of Alibaba Group, to announce a collaboration between the two companies to strengthen research and cooperation related to the use of AMD Radeon Pro GPU technology in Alibaba... More

Saudi Arabia, SoftBank aim to be world's No. 1 tech investor with $100 billion fund

By Andrew Torchia and Thomas Wilson

DUBAI/TOKYO (Reuters) - Saudi Arabia and Japan's SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world's largest private equity investors and a potential kingpin in the industry.

The move is part of a series of dramatic business initiatives launched by Riyadh this year as Saudi Arabia, its economy hurt by low oil prices, deploys huge financial reserves in an effort to move into non-oil industries.

Earlier this year, it invested $3.5 billion in U.S. ride-hailing firm Uber, surprising... More

Alibaba's (BABA) Jack Ma Issues Letter to Shareholders Ahead of Annual Meeting

Alibaba (NYSE: BABA) founder and Chairman Jack Ma issued his annual letters to shareholders ahead of Alibaba's Annual Virtual Shareholder Meeting to be held today at 9:00 AM ET.

Dear Alibaba Shareholders,

On the day of our IPO in September 2014, I said that what was important was not the money that we raised, but what that money represented: the trust and confidence of investors around the world. Since that day, the global economy has struggled, oscillating between hope and despair. Alibaba Group also experienced many trials and tribulations,... More