{"id":213,"date":"2020-10-09T10:14:33","date_gmt":"2020-10-09T10:14:33","guid":{"rendered":"https:\/\/thenextweb.com\/?p=1322545"},"modified":"2020-10-09T10:14:33","modified_gmt":"2020-10-09T10:14:33","slug":"xilinx-stock-pumps-17-on-reports-that-amd-will-buy-it-for-30b","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=213","title":{"rendered":"Xilinx stock pumps 17% on reports that AMD will buy it for $30B"},"content":{"rendered":"\n<p>Xilinx&nbsp;stock jumped 17% during Friday\u2019s pre-market trade on news that AMD could soon acquire the San Jose-headquartered chip maker for $30 billion.<\/p>\n<p>The deal would see AMD posture to truly rival <a href=\"https:\/\/thenextweb.com\/hardfork\/2020\/07\/09\/intel-nvidia-largest-chipmaker-market-value-stock-qualcomm\/\" target=\"_blank\" rel=\"noopener noreferrer\">computing giant Intel<\/a>, and the Wall Street Journal reports it <a href=\"https:\/\/www.wsj.com\/articles\/amd-is-in-advanced-talks-to-buy-xilinx-11602205553?mod=djemalertNEWS\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">could be finalized<\/a> as soon as next week after citing sources familiar with the matter.<\/p>\n<p><figure class=\"post-image post-mediaBleed alignnone\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-1322548 size-full lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/Screenshot-2020-10-09-at-10.51.07.png\" alt=\"xilinix, amd\" width=\"1010\" height=\"755\" sizes=\"(max-width: 1010px) 100vw, 1010px\" data-lazy=\"true\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/Screenshot-2020-10-09-at-10.51.07.png 1010w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/Screenshot-2020-10-09-at-10.51.07-280x210.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/Screenshot-2020-10-09-at-10.51.07-361x270.png 361w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/Screenshot-2020-10-09-at-10.51.07-181x135.png 181w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/Screenshot-2020-10-09-at-10.51.07-796x595.png 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/Screenshot-2020-10-09-at-10.51.07-368x276.png 368w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/Screenshot-2020-10-09-at-10.51.07-536x402.png 536w\"><\/figure>\n<\/p>\n<p>Until now, XLNX had returned just 5% in 2020 (just a touch more than the S&amp;P 500). AMD stock, on the other hand, fell 4%&nbsp;<span>\u2014<\/span> but it\u2019s still up more than 70% year-to-date.<\/p>\n<p>XLNX\u2018s gains can be attributed to speculation that the reported $30 billion acquisition figure would eventually become its market value.<\/p>\n<p>The market valued XLNX at $25.89 billion at Thursday\u2019s close, and a 17% increase in share price boosts that number beyond $32 billion. This aligns more with AMD\u2019s reported $30 billion-plus bid for XLNX.<\/p>\n<p>Whether XLNX\u2018s pre-market gains hang around once the day\u2019s regular trade opens is another story, however.<\/p>\n<p><em>[<a href=\"https:\/\/thenextweb.com\/hardfork\/2020\/10\/07\/esports-gaming-stocks-etfs-espo-hero-more-profit-bitcoin-cryptocurrency\/\" target=\"_blank\" rel=\"noopener noreferrer\">Read:&nbsp;Esports and gaming stocks are returning more profit than Bitcoin<\/a>]<\/em><\/p>\n<p>As noted by WSJ, the deal would be 2020\u2019s second largest acquisition, after NVIDIA\u2018s <a href=\"https:\/\/thenextweb.com\/neural\/2020\/09\/14\/nvidia-confirms-its-buying-arm-for-40b-to-expand-its-ai-efforts\/\" target=\"_blank\" rel=\"noopener noreferrer\">$40 billion purchase<\/a> of UK-headquartered Arm Holdings, and before Analog Devices $20 billion deal with Maxim Integrated Products&nbsp;<span>\u2014<\/span> capping off a what\u2019s already a big year for semiconductor buyouts.<\/p>\n<p class=\"c-post-pubDate\"> Published October 9, 2020 \u2014 10:14 UTC <\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/hardfork\/2020\/10\/09\/xilinx-amd-30-billion-acquisition-semiconductors-chipmaker-intel-rival\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Xilinx&nbsp;stock jumped 17% during Friday\u2019s pre-market trade on news that AMD could soon acquire the San Jose-headquartered chip maker for $30 billion. The deal would see AMD posture to truly rival computing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":214,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/213"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=213"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/214"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}