AMD

Chipmaker Advanced Micro Devices late Tuesday edged above Wall Street's targets for the second quarter. AMD stock fell in extended trading.

During the regular session Tuesday, AMD stock rose 2.6% to close at 99.29. PC chip sales lagged, rising 25% to $2.2 billion. "We delivered our eighth straight quarter of record revenue based on our strong execution and expanded product portfolio," Chief Executive Officer Lisa Su said in a news release. AMD stock fell in extended trading. On a year-over-year basis, AMD earnings rose 67% while sales increased 70%. In after-hours trading on the stock market today, AMD stock dropped 4.3% to 95.

Advanced Micro Devices (AMD) stock is trading up 1.7% before lunch on Tuesday as optimism seems to be rising that, unlike competitor Intel (INTC), AM.

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Advanced Micro Devices stock is slipping after the chipmaker's earnings report beat expectations but provided light guidance.

On the downside, $94 and the 10-day are key. If the stock is struggling with this zone now, a bit of a pullback is reasonable. Clearing this level could open the door toward $110, which was resistance in May and where the weekly VWAP measure comes into play. If AMD stock pushes lower, active traders will want to see it hold the 10-day moving average. But we can’t ignore the size of the recent move and the (gently) disappointing guidance. It and Nvidia ( NVDA) - Get NVIDIA Corporation Report, I believe, are some of the best names in tech.

Wall Street is telling investors to buy Advanced Micro Devices shares any time they fall. Analysts believe the chip maker's second-quarter financial results ...

) reported better-than-expected earnings, but forecast slightly less revenue than analysts estimated for the September quarter, citing rapidly deteriorating demand for computers. AMD AMD

The Santa Clara, Calif. chipmaker brings data center heat and beats second quarter estimates, but warns a cooldown is coming.

AMD has found their groove.” AMD posted impressive Q2 earnings on Tuesday considering rival Intel’s dismal quarterly results last week. AMD has surpassed Intel in market capitalization after Intel’s stock slipped following its second quarter earnings report.

Advanced Micro Devices Inc. reported a sharp increase in quarterly sales, driven by strength in its data-center business where rival Intel Corp. has been ...

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Advanced Micro Devices, Inc. (NASDAQ: AMD) has announced encouraging results for the second quarter of 2022. Despite the company's solid results, its stock ...

Higher sales of the company’s data center and embedded products largely supported its upbeat top-line results. In the third quarter of 2022, the semiconductor company expects a nearly 55% year-over-year rise in revenues to $6.7 billion, plus or minus $200 million. It anticipates full-year revenues of $26.3 billion, plus or minus $300 million, up nearly 60% over the prior year, largely due to strength in the Data Center and Embedded segments. While AMD has been growing rapidly in the highly lucrative server market, Intel is struggling to launch its latest chips. AMD has emerged as a dominant player in the chips industry. Also, financial bloggers are 88% Bullish on AMD, compared to the sector average of 66%. The Gaming segment, which includes discrete graphics processors and semi-custom game console products, saw a 32% year-over-year surge in revenues to $1.7 billion. Revenues of the Client segment, which comprises desktop and notebook PC processors, and chipsets, jumped 25% year-over-year to $2.2 billion. Solid uptake of EPYC server processors provided support to the segment. AMD’s revenues for the reported quarter came in at $6.55 billion, up 70% from the year-ago period. The metric also surpassed estimates of $1.03 per share. Despite the company’s solid results, its stock declined nearly 6.9% in Tuesday’s extended trading session.

AMD has transformed its business and financial profile in the past few years, being now one of the best growth plays in the semiconductor industry. Its Q2 2022 ...

Despite these strong fundamentals and good growth prospects, AMD is currently trading at only 21x its earnings expected over the coming 12 months, at a strong discount to its historical average. Therefore, AMD’s long-term fundamentals remain good and growth in all other segments is expected to remain strong in the short term, while if market conditions in the PC market do not deteriorate that much, the company can easily beat its conservative guidance in the next quarter. This shows that AMD’s growth prospects over the long term are quite strong and its recent growth momentum is not expected to slow down anytime soon. This soft guidance is mainly justified by a decline in PC demand post-pandemic, which is likely to lead to lower revenue growth for the client segment in the next few quarters. Beyond strong revenue growth, AMD’s margins are also expected to improve given that its gross margin was 48% in 2020 and is projected to be about 58% by 2025. Moreover, this was much better than its competitor Intel, showing that AMD is continuing to gain market share in this segment and this trend is not expected to change in the short term as AMD continues to enjoy technological leadership against Intel. This helped AMD’s EPYC chips to have better performance and energy efficiency than Intel’s chips for data center customers, which are in strong demand, and has been a strong boost to AMD’s revenues and earnings growth in recent quarters. In Q2, the company repurchased $920 million of its own stock, and should continue to do share buybacks in the coming quarters supported by its strong financial profile. Considering that Intel has had many setbacks with its product development and is not expected to beat TSMC regarding technology capabilities over the next two to three years. Advanced Micro Devices (NASDAQ: AMD) is a great long-term play in the secular semiconductor growth theme, and recent earnings were strong and fundamentals continue to improve. As I’ve discussed in previous articles, within the semiconductor industry, I have been more bullish on AMD and Nvidia ( NVDA) over the past year, while despite a supportive industry backdrop I have suggested Intel ( INTC) as being a value trap. I invest mainly in secular growth companies in a few investing themes, namely semiconductors, electric vehicles, digital payments, 5G and big data, and AMD has been one of my largest holdings over the past year.

Advanced Micro Devices (AMD) on Tuesday forecast third-quarter revenue slightly below Wall Street estimates.

Looking ahead, Su noted that the company will focus on higher end PC market. Su said AMD had continued to gain market share in the data center business. Advanced Micro Devices (AMD) on Tuesday forecast third-quarter revenue slightly below Wall Street estimates.

The company maintained 2022 guidance at $26.3 billion, disappointing the market despite the massive growth. The stock is cheap at 15x '23 EPS targets set to top ...

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The key investor takeaway is that AMD remains far too cheap for the opportunities ahead. Analysts are currently down at only $4.86 for EPS next year, with expectations for just 12.5% revenue growth on top of the 35% organic growth this year. AMD ended the quarter with $2.65 billion in inventories. If AMD definitely has the better server chips and competes with Intel based on better performance for the price, AMD should continue gaining market share. The service offers model portfolios, daily updates, trade alerts and real-time chat. The stock only trades at 20x analysts' targets. The operating expenses are targeted at a slight decline from the 24% target for 2022. The market sold off the chip company on fears of a slowdown in PCs and other consumer electronics where AMD doesn't generally sell chips due a lack of supplies. With the Q2'22 report, AMD maintained 2022 revenues at $26.3 billion. Intel just reported a dismal quarter where the chip giant still topped $15 billion in quarterly revenue. Investors sold AMD down to $71 despite knowing these facts were part of the story.

Advanced Micro Devices (AMD) announced solid second-quarter 2022 financial results on August 2, but its forecast for the third quarter was slightly below ...

That means AMD is even more pessimistic than Intel, who forecast a 10% decline in its PC outlook for the entire year of 2022. The correction is expected to drag fourth-quarter shipment to post another year-on-year decline of 21.9%, predicts Jim Hsiao, a DIGITIMES Research senior analyst. It faces pressure to reduce prices this quarter, capacity utilization will drop from full capacity to 81-83%.