Discover why AMD stock is on a wild ride with earnings, guidance, and analyst ratings. Is it time to buy or brace for impact?
AMD stock has been on a rollercoaster ride recently, with a 7% drop following its first-quarter earnings report despite beating estimates both on top and bottom lines. The market reaction has left investors questioning the trajectory of chip stocks, pondering if this plunge is a sign of trouble or just a bump in the road. The strong valuations of AMD and its competitor, Nvidia, have been under scrutiny, especially in the light of in-line guidance for future quarters.
Analysts are closely watching AMD after its muted AI sales and the anticipation surrounding its new chip that could challenge Nvidia's dominance. The company's CEO, Lisa Su, indicated a potential sales boost of $4 billion this year, prompting analysts to revise price targets and reevaluate the stock's potential. Despite the fluctuations, some analysts remain bullish, like Suji Desilva from Roth MKM who maintains a ‘Buy’ rating on AMD.
Advanced Micro Devices raised expectations with its AI chip, the MI300X, increasing guidance and sparking interest in the stock. The company's performance in the upcoming months will be crucial in determining the true impact of its latest developments on the market. Whether now is the ideal time to invest in AMD remains a question on many investors’ minds, as the tech giant continues to navigate through market uncertainties and competitive pressures.
In the ever-evolving landscape of semiconductor stocks, AMD's journey is one to watch closely. As the company strives to maintain its position and innovate in the face of fierce competition, the stock market will undoubtedly react to every twist and turn, making it an intriguing space for both seasoned and new investors alike.
In this video, I go over AMD's (AMD -1.14%) first-quarter earnings report, which beat top- and bottom-line estimates. *Stock prices used were ...
AMD stock is falling after the chipmaker posted stronger-than-expected Q1 results but provided in-line Q2 guidance.
Both semiconductor makers have benefited from the excitement around artificial intelligence and enjoy strong valuations. That's based on high expectations for ...
Advanced Micro Devices (NASDAQ:AMD) saw its shares plunge 5.5% in premarket trading Wednesday after the chipmaking giant posted in-line earnings per share (EPS) ...
AMD CEO Lisa Su said the new chip, which could challenge Nvidia's market dominance, is likely to generate sales of around $4 billion this year, a modest $500 ...
AMD issued in-line guidance for its current quarter last night. Barclays analyst reiterates his "overweight" rating on AMD stock.
Advanced Micro Devices increases its guidance for its artificial intelligence chip, the MI300X.
Following the company's first quarter results, Roth MKM analyst Suji Desilva has maintained his “Buy” rating on Advanced Micro Devices.
In this video, I go over AMD's (NASDAQ: AMD) first-quarter earnings report, which beat top- and bottom-line estimates.
Nvidia stock fell Wednesday after rival AI chipmaker Advanced Micro Devices disappointed investors with its tepid guidance.
Shares of computer processor maker AMD (NASDAQ:AMD) fell 8.7% in the morning session after the company reported first quarter results: its inventory levels materially increased, and revenues in its gaming and embedded segments fell by more than 45% ...
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Advanced Micro Devices, Inc.'s Q1 2024 report reveals slight revenue and earnings beats, fueled by strong demand for AI GPU accelerators. Read more here.
Advanced Micro Devices (NASDAQ: AMD) stock sank Wednesday following the company's first-quarter earnings release. The semiconductor company's share price ...
Advanced Micro Devices beat Wall Street's earnings target, but its stock still got crushed.
Advanced Micro Devices increases its guidance for its artificial intelligence chip, the MI300X.
(Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday after their earnings disappointed investors who had ...