Advanced Micro Devices, Inc.’s Stock Price Skyrockets to $159.67, Marking a Robust 4.25% Increase

Advanced Micro Devices, Inc. (AMD)

159.67 USD +6.51 (+4.25%) Volume: 43.0M

Advanced Micro Devices, Inc.’s stock price stands strong at 159.67 USD, reflecting a positive trading session with an increase of +4.25%. With a robust trading volume of 43.0M, AMD’s stock performance continues to impress, showcasing a YTD percentage change of +8.32%.

Latest developments on Advanced Micro Devices, Inc.

Advanced Micro Devices (NASDAQ:AMD) has been making headlines recently, with questions arising about its potential undervaluation and whether its stock is a buy at the moment. Despite failing to meet some expectations, AMD’s shares have been trading up, catching the attention of Wall Street analysts who predict a possible rise to $190. The company’s strong position in the semiconductor industry has been highlighted, with AMD remaining the partner of choice for high-performance computing deployments. Recent investments by institutions like Westpac Banking Corp and AGF Management Ltd have also contributed to the stock’s positive movement. As AMD continues to announce upcoming events for the financial community, investors are closely watching how this tech giant will fare in the market.

Advanced Micro Devices, Inc. on Smartkarma

Analysts on Smartkarma have been closely covering Advanced Micro Devices (AMD) and its performance in the market. According to Baptista Research, in the first quarter of 2024, AMD, led by CEO Dr. Lisa Su, achieved significant milestones with revenue reaching $5.5 billion and gross margin expanding by over 2 percentage points. Data Center and Client segment sales also saw impressive growth of over 80% year-over-year.

William Keating, another analyst on Smartkarma, highlighted that despite a decrease in Q124 revenues to $5.5 billion, AMD’s forecast for Q224 is optimistic at $5.7 billion, showing a 3.6% sequential increase. Although the share price experienced a decline, Keating remains positive about the company’s future performance. Additionally, Keating forecasts a Data Center growth of over 70% year-over-year, indicating further potential upside for AMD.

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

Based on the Smartkarma Smart Scores, Advanced Micro Devices (AMD) has a mixed long-term outlook. While the company scores well in momentum, indicating strong market performance, it falls short in areas such as dividend and growth. With a value score of 3, AMD is considered to have moderate value compared to its peers. The resilience score of 3 suggests that the company is able to withstand economic challenges. Overall, AMD’s outlook is positive in terms of momentum but may face challenges in terms of dividend and growth.

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that produces a variety of products such as microprocessors, chipsets, and graphics devices. Despite facing some challenges in areas like dividend and growth, AMD has shown strong momentum in the market. The company serves customers globally and also provides services such as assembling, testing, and packaging. With a diverse range of products and a focus on innovation, AMD continues to be a key player in the semiconductor industry.

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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