The Zacks Analyst Blog Highlights: Advanced Micro Devices, Intel, NVIDIA, Sony and Microsoft

The Zacks Analyst Blog Highlights: Advanced Micro Devices, Intel, NVIDIA, Sony
                                and Microsoft

PR Newswire

CHICAGO, Nov. 26, 2012

CHICAGO, Nov. 26, 2012 /PRNewswire/ -- announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Advanced Micro Devices Inc.
(NYSE:AMD), Intel (Nasdaq:INTC), NVIDIA (NVDA), Sony Corp. (NYSE:SNE) and
Microsoft (Nasdaq:MSFT).


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Here are highlights from Friday's Analyst Blog:

AMD Supplies Wii Chips to Nintendo

Advanced Micro Devices Inc. (NYSE:AMD) announced that it is supplying custom
AMD Radeon HD GPUs to Nintendo's newly-launched Wii U home consoles. This
custom graphic processing unit (GPU) will enable Wii U to support
high-definition (HD) video for games.

The Wii U is Nintendo's first offering with HD graphics. Moreover, this is the
first console upgrade by Nintendo in six years since the release of Wii.
Gamers appear enthusiastic about the new console, as evident from the fact
that Wii U is already sold out in many U.S. stores. Research firm IHS is also
optimistic, expecting Nintendo to sell 3.5 million Wii Us in the U.S. this
year. Obviously, the success of the Wii U will benefit AMD, which may
compensate for its recent poor showing versus Intel (Nasdaq:INTC). AMD and
NVIDIA (NVDA) are the main contenders for discrete graphics sockets, so this
may be considered a key win for AMD.

Nintendo launched the AMD-powered gaming consoles just before the holiday
season. This makes sense, as the holiday season is usually the time when
demand goes up. Sony Corp.'s (NYSE:SNE) PlayStation leads the global console
market with 38.8% market share. It is followed by Microsoft's (Nasdaq:MSFT)
Xbox 360 with 34.9% market share and Nintendo with 26.3% share.

The gaming hardware market is currently reeling under competitive pressure
from emerging social network sites and competing hardware platforms such as
smartphones and tablets. Gamers are switching to these platforms or devices as
they also provide free games. Gaming apps are also providing various
fun-filled and thrilling games, which are successfully enticing gamers.

A study conducted by DFC Intelligence suggests that the global gaming market
is expected to increase from $67.0 billion in 2012 to $82.0 billion in 2017.
Further, IDC is expecting that there will be 257 million active consoles
worldwide by 2015. These estimates suggest that there are opportunities for
gaming companies to increase their stakes.

AMD's revenues in the third quarter came in at $1.27 billion, down 10.2%
sequentially and 24.9% year over year, more or less in line with its revised
guidance of a 10% sequential decline (at the mid-point). Revenues were also in
line with consensus expectations of $1.28 billion. The Graphics business
generated 27% of its sales and was down 6.8% sequentially and 15.1% from the
year-ago quarter.

AMD's shares currently carry a Zacks #5 Rank, implying a Strong Sell rating.
Nintendo and Sony carry a Zacks #2 Rank, implying a Buy rating in the short
term. Microsoft carries a Zacks #3 Rank, implying a short-term Hold rating.

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