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I wonder if Lisa is going to get asked about the Xilinx deal in the CC today. AMD has said all along they expect to close before the end of this year. There are now only 2 months left, they should have a reasonable idea if its going to close within the year or not. If they say things are looking positive but they kick the date further out into 2022, then that could be a major downdraft on the stock tomorrow morning, independent of how good the numbers are.
Nvidia (NASDAQ: NVDA) shares surged 8% Tuesday as Facebook's (NASDAQ: FB) plans to boost its capital spending next year were seen by Wall Street analysts as benefiting the graphics chipmaker and other semiconductor and storage companies.
Bank of America analyst Vivek Arya said Nvidia ( NVDA) is "well-exposed" as Facebook ( FB) intends to increase its spending on data centers, servers, network infrastructure and more office facilities. Arya also highlighted Facebook's plans to add more artificial intelligence capabilities in its data centers as a chance for Nvidia to gain more business with the social media giant.
As trading progressed, Nvidia ( NVDA) reached an all-time high of $252.59 a share.
At Wells Fargo, analyst Aaron Rogers said that Facebook's ( FB) capital expense plans are likely to be seen as positive for cloud-based spending and companies providing the technology behind many cloud-based enterprise efforts. Rakers cited hard-disk drive makers Western Digital (NASDAQ: WDC) and Seagate Technology (NASDAQ: STX) as beneficiaries of Facebook's cloud expansion strategy.
Meanwhile, Arista Networks (NYSE: ANET) shares climbed almost 5% after Evercore ISI analyst Amit Daryanani said the Facebook's spending comments are "very positive" for the company as Facebook is a source of a large portion of Arista's revenue.