advanced microdevices. revenue to beating consensus $1.31 billion. down about 1.5%. we haveç been keeping a close e on semi conductor space given the wave of consolidation we have been seeing. >> no doubt we will see you later. >>> amazon ceo says his company does not focus on competitors. what do they focus on? he'll tell us coming up. >>> and elon musk promising that every new tesla will be autonomous and hopes to achieve that goal by the end of next year. is this just big distraction from problems tesla has been running into lately? that discussion coming later on "closing bell." art-up begins with a simple idea. but with growth comes complexity. that's why so many innovators are on the ibm cloud. like refinery 29, with nearly a billion views a year. or runkeeper, a training app used by over 50 million runners. or game developers whose popularity depends on launching new updates fast. helping to keep a company's success uncomplicated - that's what the ibm cloud is built for. if you're on medicare, remember, helping to keep a company's success unc

. >> shares of microdevices are down after hours despite beating expectations driven by sales of customidance a bit disappointing. they announced their partnership with alibaba cloud to deploy services across data çcenters. let's put this into perspective. shares are up about 120% year to date having to do with its turnaround efforts. plus the consolidation we're seeing in the broader semi conductor space, melissa. >> thank you very much. we'll check in later this hour with satya nadella, microsoft's ceo. paypal. >> i'm not as concerned about mastercard and visa. it basically sounds like they're hedging, locking in market share. this is such a secular story in terms of digital payments. the growth in emerging markets is extraordinary. 21 times for a company that actually is not spending a ton of cash. they're focusing on buying back stock. >> it was spun from ebay last summer. you're right on valuation, you're talking about eps growth and high single digit sales growth over the next couple of years. the deal they did with mastercard and visa areç great. the venmo part, the peer to pee

i'm talking about advanced microdevices, amd. in addition to making microprocessors for pc's, amd also makes graphics chips including the ones found in the ps 4 and the xbox 1. amd has rallied even more than nvidia lately, up 132% year-to-date. after years of underperformance, the company is finally showing signs of life. however the earnings aren't there yet. amd is not expected to break even until next year, but they have done this refinancing. my view, i prefer nvidia. but i totally understand the appeal here. i think there's enough room for both of them. next up, oh, boy, the game developers, and i love these stocks. i'm talking about act vision blizzard, electronic arts, take 2 interactive. which one? just like with nvidia, these makers have been outperforming the broader market for ages. you know we've been behind this group all the way. which of the developers should you be eye something let me break down their titles. activision blizzard is the company behind call of duty. the next big release is call of duty infinite war

the top five by weight are go pro, advance microdevices, 3 d systems. here is how they rank by performance. go pro thunderstois the winner y amd, 3 d systems. >> it was barbara ela. >> time for cnbc news update with sue herrera. >> here is what is happening. president obama declare ag state of emergency in florida as hurricane matthew barrels towards that state packing 140 miles per hour winds. white house spokesman josh earnest said the storm is poised to cause significant damage. >> people need to be making preparations and following orders today. the storm is likely to begin being felt this evening and throughout the course of the day those of us who don't live in potentially affected areas will be sending prayers. >> the united nations formally approved former portuguese prime minister antonio guiterres as next secretary general. summer infant is recalling about 86,000 infant bath tubs due to risk of impact injury and drowning. the tubs were sold at toys r us, babies r us from october 2012 to october of 2013. that's the news update. i'll see you in