Xilinx stock goes up, AMD stock goes down after $35B buyout
This is 2020’s second biggest (disclosed) tech deal so far
AMD buyout did just the trick for XLNX’s stock price
XLNX is now up 30% year to date, bringing the stock six points ahead of the S&P Semiconductor Index, but well behind rampaging semiconductor stocks like NVIDIA (NVDA) and AMD.
It is however streets ahead of industry titan Intel, which has seen its stock price plummet more than 22% this year after reporting its second lacklustre earnings in a row.
[Read: NVIDIA takes the US chipmaker crown from Intel — a first since 2014]
On Intel, Wall Street insiderNancy Tengler told CNBC: “It had two bad quarters. There’s likely to be another one.”
The biggest US-listed chipmaker is really from Taiwan
In terms of sheer growth, NVDA has added more dollars to its market cap this year than practically any other semiconductor stock on the market.
NVDA began 2020 worth $147.5 billion — it’s now valued at more than $329.3 billion, $181 billion added in less than 10 months.
But Taiwan’s Taiwan Semiconductor Manufacturing Company is still the outright biggest.
The US-listed firm is worth nearly $405 million, more than 22% larger than runner-up NVDA and over twice as big as third place INTC.
Story byDavid Canellis
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
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