Nokia Corporation (ADR) (NYSE:NOK) has announced that they will invest $100 million into companies and products that will be important to the “connected and intelligent vehicles” of the future. The new venture capital fund will seek to invest in (among other things) the mapping and location services that have become a big part of the cellphone maker’s business. Nokia Corporation (ADR)(NYSE:NOK) shares after opening at $7.29 moved to $7.35 on last trade day and at the end of the day closed at $7.27. Company price to sales ratio in past twelve months was calculated as 1.55 and price to cash ratio as 2.14. Nokia Corporation (ADR)(NYSE:NOK) showed a positive weekly performance of 3.41%.
Tesla reports earnings tomorrow after market close. Whatever the outcome of the earnings report, you can almost guarantee that there will be a big move after that report. Tesla always gaps after earnings. Tesla Motors Inc. (NASDAQ:TSLA) sells its automobiles directly to consumers, bypassing the traditional middle man — the franchise. Tesla Motors Inc. (NASDAQ:TSLA) weekly performance is 9.12%. On last trading day company shares ended up $216.61. Tesla Motors Inc. (NASDAQ:TSLA) distance from 50-day simple moving average (SMA50) is -2.55%. Analysts mean target price for the company is $227.42.
On Monday, the Advanced Micro Devices, Inc. (NYSE:AMD) top brass laid out the company’s plan to build a new generation of microprocessors that have more in common with your smartphone than the chips Intel builds for desktop PCs, laptops, and servers. Rather than stick with Intel’s venerable x86 chip architecture, AMD will use the low-power ARM architecture as the basis for its newest server processor, a chip due out later this year codenamed Seattle. But this chip is just a prelude to a broader shift in strategy at AMD. Advanced Micro Devices, Inc. (NYSE:AMD) shares fell -0.49% in current session and trading at $4.07. Advanced Micro Devices, Inc. (NYSE:AMD) has a 3.10 Billion market Capitalization.
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