Advanced Micro Devices, Inc.’s stock price dips to $160.34, marking a 4.49% decrease: Is now the time to invest?

Advanced Micro Devices, Inc. (AMD)

160.34 USD -7.53 (-4.49%) Volume: 66.83M

Advanced Micro Devices, Inc.’s stock price stands at 160.34 USD, experiencing a decrease of -4.49% this trading session, with a trading volume of 66.83M. Despite the recent drop, AMD’s stock has shown a positive YTD change of +8.77%, highlighting its resilience in the market.

Latest developments on Advanced Micro Devices, Inc.

Today, Advanced Micro Devices (AMD) stock price fell after a downgrade from Morgan Stanley, citing concerns about AI expectations. Despite incredible returns of 453% over the past five years, AMD shares dropped to $167.87. Analysts also cut the stock to neutral, highlighting a high bar for AI competition. Meanwhile, Susquehanna raised the price target to $200.00, indicating potential upside. With ongoing developments in the AI chip wars involving Nvidia, Intel, Qualcomm, and AMD, investors are closely monitoring the stock movements of these tech giants.

Advanced Micro Devices, Inc. on Smartkarma

Analysts on Smartkarma have been providing bullish coverage on Advanced Micro Devices (AMD). Baptista Research highlighted the growth opportunities in data center CPU and artificial intelligence (AI) as major drivers for the company. They noted that in the first quarter of 2024, AMD saw significant revenue growth to $5.5 billion, showing both quarter-over-quarter and year-over-year increases, with enhanced profitability in the Data Center and Client segments.

William Keating also expressed a bullish sentiment, stating that the party is just getting started for AMD. Despite some fluctuations in quarterly revenues, Keating forecasts a potential 2024 data center growth of over 70% year-over-year. He believes that despite a projected decline in FY23 revenues, the company’s renewed focus on the Data Center market share and AI acceleration segment will reignite growth in the coming year.

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 (AMD) has a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in resilience, indicating its ability to withstand economic downturns and market volatility, its growth and dividend scores are lower. This suggests that AMD may not be a top choice for investors looking for steady growth or dividend income.

Overall, AMD’s long-term prospects seem to be steady, with a balanced performance across different factors. The company’s focus on resilience bodes well for its ability to weather challenges, but its lower scores in growth and dividend may limit its attractiveness to certain investors. AMD’s diverse product offerings in the semiconductor industry position it well to serve customers globally, which could contribute to its overall stability in the market.

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.
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