17.09.2024

PlayStation 6: Intel loses chip deal with Sony to AMD + iPhone 16 demand too low + MTU corrects after sell recommendation and recent rally

As reported by the news agency Reuters Intel $INTC (+1.17%) tried to win the contract to supply processors for the next generation PlayStation from Sony this time, but failed. Now, once again AMD $AMD (+1.27%) is to supply the chips for the PlayStation 6 and collect an estimated 30 billion US dollars in return.

https://www.computerbase.de/2024-09/playstation-6-intel-verlor-chip-deal-mit-sony-an-amd/

Apple $AAPL (+1.26%) fell 2.3% on Monday after initial demand for the tech giant's iPhone 16 series was unconvincing, according to analysts at Jefferies and Citi.

Following a sell recommendation from Citigroup, shares in MTU $MTX (+2%) started the week very weakly. The shares of the engine manufacturer lost up to 3.6 percent on Monday morning, but then turned upwards again at the 21-day moving average. Most recently, they were still down 2.6 percent at 272 euros. Citi analyst Charles Armitage raised the price target to 250 euros, but has now issued a "sell" recommendation. He assumes that MTU's cash turnover will be significantly weaker than that of its competitors, even though he has raised the overall long-term forecast somewhat. In addition, the expert expects the growth rate to normalize to a lower annual average of around 8 percent. At almost 280 euros, MTU shares had recently moved back within sight of their 2020 record of 289.30 euros. In the current year, they had gained 43 percent, of which they have now lost some.

Tuesday: Stock market dates, economic data, quarterly figures

Stock market holiday in China and South Korea

ex-dividend of individual stocks

Lam Research USD 2.30

MPC Container Ships NOK 0.10

Quarterly figures / company dates Europe

08:00 Kingfisher half-year figures

10:00 Evonik Industries: Research Pk

Economic data

• 11:00 DE: ZEW Index Economic Sentiment September FORECAST: 15.5 points previously: 19.2 points Economic situation FORECAST: -81.0 points previously: -77.3 points
• 14:30 US: Retail Sales August OUTLOOK: -0.3% yoy previous: +1.0% yoy Retail Sales ex Motor Vehicles OUTLOOK: +0.2% yoy previous: +0.4% yoy
• 15:15 US: Industrial Production and Capacity Utilization August Industrial Production PROGNOSE: +0.1% yoy previous: -0.6% yoy Capacity utilization PROGNOSE: 77.9% previous: 77.8%
• 16:00 US: Inventories July PROGNOSE: +0.4% yoy previous: +0.3% yoy | NAHB-Index 9/24