3 Tech Stocks That
Crashed This Week
These 3 tech stocks fell this week
Source: Wikimedia Commons.
From June 23 to June 27:
• 55% of tech stocks with more than $300 million
market caps declined this week.
• Advanced Micro...
Advanced Micro Devices
plunged on Monday
morning, then immediately
started climbing back.
A final push on Thursday erased ...
“Market Underperform”
• The microchip designer was downgraded by analyst
firm Pacific Crest, triggering Monday’s drastic d...
Help from unexpected quarters
• AMD investors let the Pacific Crest downgrade slowly fade
into the background, until Intel...
Mega-sized capacitor maker Maxwell
Technologies simply kept falling, all
week long.
What’s going on?
• This stock suddenly spiked in early March, when electric
vehicle builder Tesla Motors was said to explo...
Finally, China-based
mobile apps and
service provider NQ
Mobile continued a
four-month slide with
another 17% haircut.
Ouch!
• As you saw two weeks ago, NQ Mobile has been
under investigation on fraud charges.
• The company reportedly came u...
Are you ready
for the next
“Next Big Thing”
In mobile computing?
Upcoming SlideShare
Loading in...5
×

3 Tech Stocks That Crashed This Week

4,255

Published on

AMD, NQ Mobile, and Maxwell Technologies plunged this week. Only one of them has bounced back, so far. Look for cameos by Tesla Motors and Intel.

Published in: Business, Economy & Finance
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
4,255
On Slideshare
0
From Embeds
0
Number of Embeds
14
Actions
Shares
0
Downloads
4
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

3 Tech Stocks That Crashed This Week

  1. 1. 3 Tech Stocks That Crashed This Week
  2. 2. These 3 tech stocks fell this week Source: Wikimedia Commons.
  3. 3. From June 23 to June 27: • 55% of tech stocks with more than $300 million market caps declined this week. • Advanced Micro Devices, NQ Mobile, and Maxwell Technologies fell further than most. • Their weekly declines ranged from reversible (AMD dropped, then bounced back) to drastic (NQ Mobile’s never-ending scandal slashed another 16% off the share price).
  4. 4. Advanced Micro Devices plunged on Monday morning, then immediately started climbing back. A final push on Thursday erased the week’s bad memories.
  5. 5. “Market Underperform” • The microchip designer was downgraded by analyst firm Pacific Crest, triggering Monday’s drastic drop. • Analyst Michael McConnell argued that AMD is tightly bound to consumer PC systems. • Thus, the corporate PC rebound reported by Intel and others should not help AMD at all. • The PC market is expected to shrink by 6% overall in 2014, with nearly all of this decline falling in the consumer segment.
  6. 6. Help from unexpected quarters • AMD investors let the Pacific Crest downgrade slowly fade into the background, until Intel offered a helping hand. • On Thursday, an AMD executive revealed that Intel had asked for early access to AMD’s graphics programming platform, known as Mantle. • AMD turned Intel away, telling the larger rival to wait for version 1.0 like everybody else. • Investors loved seeing AMD in the driver’s seat for once, and the week ended on a high note.
  7. 7. Mega-sized capacitor maker Maxwell Technologies simply kept falling, all week long.
  8. 8. What’s going on? • This stock suddenly spiked in early March, when electric vehicle builder Tesla Motors was said to explore placing big capacitor orders from Maxwell. • But the rumor has not materialized, and Maxwell’s investors are finally losing hope for a big Tesla deal. • With quick power bursts and large storage capacities, Maxwell’s ultracapacitors have the potential to change the game for vehicles powered by fuel cell and battery systems. • But Tesla is sticking to its regular battery structures, at least for now.
  9. 9. Finally, China-based mobile apps and service provider NQ Mobile continued a four-month slide with another 17% haircut.
  10. 10. Ouch! • As you saw two weeks ago, NQ Mobile has been under investigation on fraud charges. • The company reportedly came up clean, but investors are still waiting for a full report of the findings. • They are also still looking for an increasingly overdue fourth-quarter report. • Uncertainty is painful. If NQ truly is innocent, management needs to publish the evidence.
  11. 11. Are you ready for the next “Next Big Thing” In mobile computing?
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×