Nasdaq CEO Adena Friedman Reveals that the Stock Exchange Is Embarking on a Cloud Centric Strategy

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971.

Friedman notes:

“From day one, we recognized the massive impact technology could bring to the capital markets. Our teams are now embarking on a cloud-centric strategy, which is guiding how we think about everything – from data management to product development and so much more.”

Friedman believes that Cloud technology will play a key or transformative role in the global financial markets in the future. Friedman, whose recent comments came during Business Insider’s Global Trends Festival (held on October 19, 2020), said that we need to start thinking about the latest technologies such as the Cloud which can become “the future of the industry.”

Cloud-powered IT solutions are being increasingly adopted by companies and businesses across the globe. As reported recently, Regtech firm Shield has chosen to join the IBM Cloud for Financial Services ecosystem.

In a recent interview with Crowdfund Insider, Eran Noam, VP Global Sales and Business Development at Shield, noted:

“At a high level, we are starting to see financial institutions transferring to the Cloud. Five years ago, it was a big no-no, but this has changed significantly especially after the unprecedented changes to working since the 2020 pandemic.”

He added:

“Things have had to change to adapt to the new ways of working, so financial firms are making their journey towards the Cloud. IBM has decided to focus on financial institutes, recognizing this is a big opportunity area for Cloud services, and has launched an innovative and unique offering, IBM Cloud for Financial Services. This has been developed to address the

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Nasdaq CEO Adena Friedman Reveals that the Stock Exchange Is Embarking on a Cloud Centric Strategy

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971.

Friedman notes:

“From day one, we recognized the massive impact technology could bring to the capital markets. Our teams are now embarking on a cloud-centric strategy, which is guiding how we think about everything – from data management to product development and so much more.”

Friedman believes that Cloud technology will play a key or transformative role in the global financial markets in the future. Friedman, whose recent comments came during Business Insider’s Global Trends Festival (held on October 19, 2020), said that we need to start thinking about the latest technologies such as the Cloud which can become “the future of the industry.”

Cloud-powered IT solutions are being increasingly adopted by companies and businesses across the globe. As reported recently, Regtech firm Shield has chosen to join the IBM Cloud for Financial Services ecosystem.

In a recent interview with Crowdfund Insider, Eran Noam, VP Global Sales and Business Development at Shield, noted:

“At a high level, we are starting to see financial institutions transferring to the Cloud. Five years ago, it was a big no-no, but this has changed significantly especially after the unprecedented changes to working since the 2020 pandemic.”

He added:

“Things have had to change to adapt to the new ways of working, so financial firms are making their journey towards the Cloud. IBM has decided to focus on financial institutes, recognizing this is a big opportunity area for Cloud services, and has launched an innovative and unique offering, IBM Cloud for Financial Services. This has been developed to address the needs of financial businesses in terms of security and practicality when it comes to using Cloud services.”

Established public Cloud service providers such as Amazon Web Services and Google Cloud have been offering solutions to major operators including the CME Group, Deutsche Borse Group, and Nasdaq (among many others).

Friedman has noted that “more and more, I would say, workflows around the trade, are already going into Cloud applications. And almost all of our services and applications outside the trade are on the Cloud today.”

She also mentioned:

“Do I think in 10 years, that many of the markets around the world, including Nasdaq, could and should be able to leverage cloud to operate their actual trading activities? The answer is yes, I do.”

Friedman believes that it really comes down to leveraging “hyper low-latency, hyper resilient, high scalability technology” which the Cloud can offer. She also revealed that Nasdaq may be planning to partner with several Cloud providers in the coming years.

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Nasdaq CEO Adena Friedman Reveals that the Stock Exchange Is Embarking on a Cloud Centric Strategy

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971.

Friedman notes:

“From day one, we recognized the massive impact technology could bring to the capital markets. Our teams are now embarking on a cloud-centric strategy, which is guiding how we think about everything – from data management to product development and so much more.”

Friedman believes that Cloud technology will play a key or transformative role in the global financial markets in the future. Friedman, whose recent comments came during Business Insider’s Global Trends Festival (held on October 19, 2020), said that we need to start thinking about the latest technologies such as the Cloud which can become “the future of the industry.”

Cloud-powered IT solutions are being increasingly adopted by companies and businesses across the globe. As reported recently, Regtech firm Shield has chosen to join the IBM Cloud for Financial Services ecosystem.

In a recent interview with Crowdfund Insider, Eran Noam, VP Global Sales and Business Development at Shield, noted:

“At a high level, we are starting to see financial institutions transferring to the Cloud. Five years ago, it was a big no-no, but this has changed significantly especially after the unprecedented changes to working since the 2020 pandemic.”

He added:

“Things have had to change to adapt to the new ways of working, so financial firms are making their journey towards the Cloud. IBM has decided to focus on financial institutes, recognizing this is a big opportunity area for Cloud services, and has launched an innovative and unique offering, IBM Cloud for Financial Services. This has been developed to address the

Read More Here...

AMD earnings: Gain expected from Intel’s pain yet again

AMD Open House Celebration at their Santa Clara headquarters.

Paul Sakuma Photography

Advanced Micro Devices Inc. is expected to repeat its story of gaining at the expense of larger rival Intel Corp.’s woes when it reports earnings.

AMD AMD, +3.19% is scheduled to report earnings on Tuesday after the market closes. AMD follows on the heels of Intel Corp.’s INTC, -10.57% results, which were met with concern and a more than 10% share drop Friday.

It’s still unclear whether AMD plans to buy chipmaker Xilinx Inc. XLNX, +3.34% for an estimated $30 billion, following a report earlier in the month, although many analysts are skeptical of the deal. Still, AMD spent most of the quarter and beyond rolling out new products such as PC chips like the Zen 3.

What to expect

Earnings: Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 35 cents a share, up from the 31 cents a share expected at the beginning of the quarter. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 37 cents a share.

Revenue: Back in July, AMD predicted third-quarter sales of $2.45 billion to $2.65 billion, while analysts on average had forecast revenue of $2.31 billion at the time. Now, 33 analysts, on average, expect revenue of $2.56 billion, up from the $1.8 billion reported in the year-ago quarter. Estimize expects revenue of $2.59 billion.

Stock movement: In the third quarter, AMD shares soared 55.8%, powered by Intel’s announced delay of 7-nanometer chips. In comparison, the PHLX Semiconductor Index rose 12.4%, the S&P 500 index SPX, +0.34% gained 8.5%, and the tech-heavy Nasdaq Composite Index COMP, +0.36% rose 11%.

What analysts are saying

Cowen analyst Matthew Ramsay, who has an outperform rating, said he expects AMD’s third-quarter results to “move higher on strong notebook and console sales offsetting weaker pre-Zen3 desktop, while steady server share gains sustain.”

Mizuho analyst Vijay Rakesh, who has a buy rating on AMD, said he expects AMD to gain more share from Intel in the enterprise and cloud markets, while expanding its hiring.

B of A Securities analyst Vivek Arya, who has a buy rating on AMD, said that he expects a “solid” PC, gaming demand and data center recovery to power the company’s results, with its upside only capped by supply at Taiwan Semiconductor Manufacturing Co. TSM, +0.11%, AMD’s chip fabricator.

Susquehanna Financial analyst Christopher Rolland, who has a positive rating on AMD, sees the company catching part of a PC and gaming surge in 2020 along with competitor Nvidia Corp. NVDA, +1.71%

Of the 39 analysts who cover AMD, 15 have buy or overweight ratings, 21 have hold ratings and three have sell ratings, with an average price target of $81.31, just below Friday’s close of $81.96.

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AMD earnings: Gain expected from Intel’s pain yet again

AMD Open House Celebration at their Santa Clara headquarters. Paul Sakuma Photography

Advanced Micro Devices Inc. is expected to repeat its story of gaining at the expense of larger rival Intel Corp.’s woes when it reports earnings.

AMD AMD, +3.19% is scheduled to report earnings on Tuesday after the market closes. AMD follows on the heels of Intel Corp.’s INTC, -10.57% results, which were met with concern and a more than 10% share drop Friday.

It’s still unclear whether AMD plans to buy chipmaker Xilinx Inc. XLNX, +3.34% for an estimated $30 billion, following a report earlier in the month, although many analysts are skeptical of the deal. Still, AMD spent most of the quarter and beyond rolling out new products such as PC chips like the Zen 3.

What to expect

Earnings: Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 35 cents a share, up from the 31 cents a share expected at the beginning of the quarter. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 37 cents a share.

Revenue: Back in July, AMD predicted third-quarter sales of $2.45 billion to $2.65 billion, while analysts on average had forecast revenue of $2.31 billion at the time. Now, 33 analysts, on average, expect revenue of $2.56 billion, up from the $1.8 billion reported in the year-ago quarter. Estimize expects revenue of $2.59 billion.

Stock movement: In the third quarter, AMD shares soared 55.8%, powered by Intel’s announced

Read More Here...

AMD earnings: Gain expected from Intel’s pain yet again

AMD Open House Celebration at their Santa Clara headquarters.

Paul Sakuma Photography

Advanced Micro Devices Inc. is expected to repeat its story of gaining at the expense of larger rival Intel Corp.’s woes when it reports earnings.

AMD AMD, +3.19% is scheduled to report earnings on Tuesday after the market closes. AMD follows on the heels of Intel Corp.’s INTC, -10.57% results, which were met with concern and a more than 10% share drop Friday.

It’s still unclear whether AMD plans to buy chipmaker Xilinx Inc. XLNX, +3.34% for an estimated $30 billion, following a report earlier in the month, although many analysts are skeptical of the deal. Still, AMD spent most of the quarter and beyond rolling out new products such as PC chips like the Zen 3.

What to expect

Earnings: Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 35 cents a share, up from the 31 cents a share expected at the beginning of the quarter. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 37 cents a share.

Revenue: Back in July, AMD predicted third-quarter sales of $2.45 billion to $2.65 billion, while analysts on average had forecast revenue of $2.31 billion at the time. Now, 33 analysts, on average, expect revenue of $2.56 billion, up from the $1.8 billion reported in the year-ago quarter. Estimize expects revenue of $2.59 billion.

Stock movement: In the third quarter, AMD shares soared 55.8%, powered by Intel’s announced delay of 7-nanometer chips. In comparison, the PHLX Semiconductor Index rose 12.4%, the S&P 500 index SPX, +0.34% gained 8.5%, and the tech-heavy Nasdaq Composite Index COMP, +0.36% rose 11%.

What analysts are saying

Cowen analyst Matthew Ramsay, who has an outperform rating, said he expects AMD’s third-quarter results to “move higher on strong notebook and console sales offsetting weaker pre-Zen3 desktop, while steady server share gains sustain.”

Mizuho analyst Vijay Rakesh, who has a buy rating on AMD, said he expects AMD to gain more share from Intel in the enterprise and cloud markets, while expanding its hiring.

B of A Securities analyst Vivek Arya, who has a buy rating on AMD, said that he expects a “solid” PC, gaming demand and data center recovery to power the company’s results, with its upside only capped by supply at Taiwan Semiconductor Manufacturing Co. TSM, +0.11%, AMD’s chip fabricator.

Susquehanna Financial analyst Christopher Rolland, who has a positive rating on AMD, sees the company catching part of a PC and gaming surge in 2020 along with competitor Nvidia Corp. NVDA, +1.71%

Of the 39 analysts who cover AMD, 15 have buy or overweight ratings, 21 have hold ratings and three have sell ratings, with an average price target of $81.31, just below Friday’s close of $81.96.

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AMD earnings: Gain expected from Intel’s pain yet again

AMD Open House Celebration at their Santa Clara headquarters. Paul Sakuma Photography

Advanced Micro Devices Inc. is expected to repeat its story of gaining at the expense of larger rival Intel Corp.’s woes when it reports earnings.

AMD AMD, +3.19% is scheduled to report earnings on Tuesday after the market closes. AMD follows on the heels of Intel Corp.’s INTC, -10.57% results, which were met with concern and a more than 10% share drop Friday.

It’s still unclear whether AMD plans to buy chipmaker Xilinx Inc. XLNX, +3.34% for an estimated $30 billion, following a report earlier in the month, although many analysts are skeptical of the deal. Still, AMD spent most of the quarter and beyond rolling out new products such as PC chips like the Zen 3.

What to expect

Earnings: Of the 34 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 35 cents a share, up from the 31 cents a share expected at the beginning of the quarter. Estimize, a software platform that crowdsources estimates from hedge-fund executives, brokerages, buy-side analysts and others, calls for earnings of 37 cents a share.

Revenue: Back in July, AMD predicted third-quarter sales of $2.45 billion to $2.65 billion, while analysts on average had forecast revenue of $2.31 billion at the time. Now, 33 analysts, on average, expect revenue of $2.56 billion, up from the $1.8 billion reported in the year-ago quarter. Estimize expects revenue of $2.59 billion.

Stock movement: In the third quarter, AMD shares soared 55.8%, powered by Intel’s announced

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