Amd stock

2022 - 8 - 3

Bank of America says AMD is still a buy even after disappointing ... (CNBC)

Investors should continue to bet on Advanced Micro Devices despite the chipmaker's disappointing forecast for the current period, Bank of America says.

Arya upped the bank's price target on the stock to $120 a share from $110, meaning shares could rally nearly 21% from Tuesday's close. Investors should continue to bet on Advanced Micro Devices despite the chipmaker's disappointing forecast for the current period, Bank of America said Wednesday. Analyst Vivek Arya reiterated his buy rating on the stock, saying in a note to clients that AMD is a "generational share gain opportunity" and investors should look beyond the company's lighter-than-expected guidance for the current quarter. Shares of the chipmaker fell about 6% in the premarket after AMD posted earnings that beat estimates but shared an outlook for the third quarter that came in below the Street's expectations.

Chipmaker AMD Narrowly Tops Second-Quarter Goals, Gives Light ... (Investor's Business Daily)

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.

Why Is AMD Stock Down Today? (Benzinga)

Advanced Micro Devices Inc (NASDAQ: AMD) shares are trading lower Wednesday after the company reported financial results and issued guidance with a midpoint ...

AMD said it expects third-quarter revenue to be between $6.5 billion and $6.9 billion versus the estimate of $6.82 billion. AMD said second-quarter revenue jumped 70% year-over-year to $6.55 billion, driven by strong execution and an expanded product portfolio. "Each of our segments grew significantly year-over-year, led by higher sales of our data center and embedded products. - Raymond James analyst Melissa Fairbanks maintained AMD with a Strong Buy rating and lowered the price target from $160 to $130. The company expects full-year revenue to be between $26 billion and $26.6 billion versus the estimate of $26.18 billion. - Citigroup analyst Christopher Danely maintained AMD with a Neutral rating and lowered the price target from $110 to $96.

Infineon, AMD Stock Prices Show Diverging Fortunes in Chip Industry (Bloomberg)

With an industrywide boom in semiconductor sales running out of steam, the sector is dividing into two camps.

Advanced Micro Devices (AMD) Stock Falls 5% on Disappointing ... (Investorplace.com)

Advanced Micro Devices (AMD) reported second-quarter revenue and earnings that slightly beat analyst estimates. However, AMD's guidance forecast for the ...

On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. AMD stock still started this morning down around 5%, but it headed toward breakeven after the market opened. Also, the company’s adjusted earnings per share, or EPS, of $1.05 edged out the consensus estimate of $1.03. For some investors, the company’s results and guidance serve as a gauge of the U.S. microchip market’s health overall. Analysts, however, had modeled $6.83 billion, so the company’s guidance came up short. What the trading community got was a mix of good news and not-so-good news.

Is AMD Stock a Buy After Earnings Pullback? (TheStreet)

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.

AMD Stock Is Dipping. Why Analysts Say to Buy. (Barron's)

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

Advanced Micro Devices (AMD Stock): It's a correction towards the ... (FXStreet)

Today's instrument is the Advanced Micro Devices stock traded in Nasdaq under the ticker AMD. Looking at the AMD's chart, we can see that after a stro.

Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading strategy. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading strategy. We could expect a small correction towards the level of around $90 before starting crawling up again.

Advanced Micro Devices dips even as analysts call out 'impressive ... (Seeking Alpha)

Morgan Stanley analyst Joseph Moore, who has an overweight rating on AMD (AMD) shares and a $102 price target, called the figures and outlook "impressive," ...

pure replacement of the company's continuing to ramp 7nm Milan EPYC CPU product cycle," Rakers wrote. And Moore believes that AMD ( AMD) is likely to continue benefiting from Intel's ( INTC) "numerous delays," despite the tough market conditions, citing server momentum and the CPU market. Moore also noted that AMD ( AMD) continued to grow its client CPU business from the first-quarter, something that is "fairly remarkable" given Intel's (NASDAQ: INTC) recent results, which Chief Executive Pat Gelsinger called "below standard."

Advanced Micro Devices Earnings: AMD stock approaches $100 in ... (FXStreet)

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.

The author makes no representations as to the accuracy, completeness, or suitability of this information. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. It also does not guarantee that this information is of a timely nature. That stands in stark contrast to much of AMD's competition, which guided lower in the back half of the year and suffered from the reduced trust from the analyst community for the entire sector. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

Strong Results Show That AMD Is A Bargain (Seeking Alpha)

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.

Here's what AMD's Lisa Su told Cramer after the chipmaker issued ... (CNBC)

AMD CEO Lisa Su joined CNBC's Jim Cramer on Wednesday to talk about the company's PC sales, the data center market and more.

When you look at markets that traditionally are not AMD markets — things like aerospace and defense, industrial and test and communications, you know 5G is ramping in the second half — those are things that add capability and more overall resiliency to the AMD business." For example, analysts at JPMorgan raised their year-end estimates on AMD's slice of overall x86 server revenue to between roughly 21% and 23%. Previously, the firm expected AMD's revenue share to be 19% to 20%. Similarly, Bernstein's Stacy Rasgon wrote in a note to clients that market share took a huge swing in AMD's direction particularly in server (the part that really matters)." The analyst also said, "mathematically AMD picked up more than 6 points of data-center revenue share [quarter over quarter], and more than doubled it [year over year], reaching close to a quarter of the overall market." Of course, at the Club, we look for both a strong track record of past performance and signs that it will continue in the future. (Jim Cramer's Charitable Trust is long AMD. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. AMD also continues to take share in the data-center market, Su noted on the conference call, at a time when rival Intel (INTC) is struggling with execution problems. We believed the acquisition was accretive at the time, but Su explained to Cramer in more detail just how beneficial the Xilinx deal has been so far: "Very pleased with the performance of the Xilinx business. We have been able to accelerate that with more supply with the larger supply base that we have. AMD expects continued strength in its embedded segment, citing it, along with data center, as the primary drivers of revenue growth in the third and fourth quarters of this year. AMD now reports these sales in their own category, due in part to the fact the company's exposure to these end markets grew significantly after completing its blockbuster acquisition of Xilinx earlier this year. The CEO told Cramer on Wednesday that additional progress on that longer-term transformation — a key reason we're invested in AMD — is ahead. What we're working on is the three-year roadmap and what do they need — not just this year — but what do they really need over the next few years?" The slowdown in PC sales is a major factor in the narrow miss.

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