Advanced Micro Devices, Inc.’s Stock Price Dips to $130.87, Marking a 5.57% Slide – Is It Time to Buy?

Advanced Micro Devices, Inc. (AMD)

130.87 USD -7.72 (-5.57%) Volume: 55.24M

Advanced Micro Devices, Inc.’s stock price stands at 130.87 USD, witnessing a -5.57% change this trading session with a trading volume of 55.24M, and recording a year-to-date (YTD) percentage change of -11.22%, reflecting the dynamic market trends.

Latest developments on Advanced Micro Devices, Inc.

Advanced Micro Devices (AMD) has been making waves in the stock market recently, challenging NVIDIA with faster and cheaper AI chip alternatives. However, AMD stock slipped after a downgrade from Bank of America to Neutral, citing potential market share losses and weakening PC sales. Despite this, AMD remains confident, refuting reports of AWS not yet seeing heavy demand and highlighting their AI strategy and upcoming MI400 launch. With key events like insider selling and CEO share dumps affecting stock prices, investors are closely watching AMD’s movements in the market, especially as they target mid-2025 for the closure of the ZT Systems acquisition. Despite the recent challenges, some analysts believe that AMD could still be the Nvidia of 2025, urging investors to consider buying the dip and capitalizing on the potential growth in the AI market.

Advanced Micro Devices, Inc. on Smartkarma

Analysts on Smartkarma have been closely following Advanced Micro Devices (AMD) and its recent performance. Baptista Research highlighted AMD’s robust performance in Q3 2024, with significant growth in key segments like Data Center and Client Processor. The company reported a record revenue of $6.8 billion, driven by doubled sales in the Data Center segment and a 29% increase in the Client segment. This positive trajectory allows AMD to continue investing in research and development as well as market expansion strategies.

Moreover, William Keating pointed out that AMD’s Q324 revenue of $6.8 billion marked a 17% QoQ and 18% YoY growth. Despite a slight share price dip after hours, the company’s forecast for Q424 is optimistic at $7.5 billion, representing a 10% QoQ and 22% YoY increase. Keating noted that AMD’s current share price is back at early 2022 levels, indicating potential for growth. This positive sentiment aligns with the overall bullish outlook on AMD’s future performance in the semiconductor market.

A look at Advanced Micro Devices, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Advanced Micro Devices, Inc. (AMD) has a mixed outlook based on the Smartkarma Smart Scores. While scoring well in resilience and growth, the company falls short in terms of dividend and value. With a strong momentum score, AMD seems to be on the right track for future success, but investors may want to consider the overall picture before making any decisions.

AMD, a semiconductor company known for its microprocessors and graphics products, faces a challenging road ahead according to the Smartkarma Smart Scores. Despite scoring well in resilience, the company’s low dividend score may deter some investors. However, with a solid growth score and momentum in its favor, AMD’s long-term prospects still hold promise for those willing to take a chance on this tech giant.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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