Advanced Micro Devices, Inc.’s stock price drops to $121.84, marking a 4.31% decrease: Is it time to buy?

Advanced Micro Devices, Inc. (AMD)

121.84 USD -5.49 (-4.31%) Volume: 45.12M

Advanced Micro Devices, Inc.’s stock price stands at 121.84 USD, experiencing a downturn of -4.31% this trading session with a trading volume of 45.12M. Despite the recent dip, AMD’s stock shows a positive year-to-date (YTD) performance with a percentage change of +0.87%.

Latest developments on Advanced Micro Devices, Inc.

Advanced Micro Devices (AMD) has been making strategic moves in the AI and PC markets, with recent events impacting its stock price. The company invested $20 million in Absci to enhance AI drug discovery technology, challenging competitors like Nvidia. AMD also secured Dell as a commercial PC customer for the first time, showcasing its Ryzen AI PRO processors for business productivity. Despite receiving a reduce rating from HSBC, AMD continues to unveil next-generation AI PC chips and expand its portfolio at CES 2025. These developments have influenced AMD’s stock movements, with analysts closely monitoring its performance against industry leaders.

Advanced Micro Devices, Inc. on Smartkarma

Analyst coverage on Smartkarma for Advanced Micro Devices (AMD) reveals a mix of bullish sentiments from top independent analysts. Travis Lundy‘s report on the MarketVector US Semiconductor Index rebal event predicts a one-way flow of US$1.3bn for December 2024, indicating a turnover of 5.4%. Meanwhile, William Keating highlights AMD CEO Lisa Su’s recognition as Time’s CEO of the year, acknowledging her leadership in navigating challenges. Baptista Research’s analysis delves into AMD’s robust performance in key segments like Data Center and Client Processor, with revenue growth of 18% in Q3 2024.

William Keating’s report further discusses AMD’s Q324 performance, with revenues reaching $6.8 billion, up 17% QoQ and 18% YoY. Despite an 8% share fall after hours, the forecast for Q424 remains optimistic at $7.5 billion. Nicolas Baratte’s insights focus on AMD’s competitive position in the GPU market, with expectations of continued Server CPU share gains and revenue growth projections for 2025. The analysts collectively provide a comprehensive view of AMD’s performance and strategic positioning in the semiconductor industry.

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 the company scores well in resilience, indicating its ability to withstand market challenges, it lags behind in dividend and momentum scores. With a focus on value and growth, AMD is positioned to continue offering competitive semiconductor products and devices to customers worldwide.

Looking ahead, Advanced Micro Devices, Inc. (AMD) shows promise in terms of long-term growth potential. With solid scores in value and growth, the company is well-positioned to capitalize on opportunities in the semiconductor industry. While facing challenges in dividend and momentum, AMD’s strong resilience score suggests it can navigate uncertainties and maintain its market presence in the coming years.

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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