Advanced Micro Devices, Inc.’s stock price soars to $161.78, marking a bullish 4.62% surge

Advanced Micro Devices, Inc. (AMD)

161.78 USD +7.15 (+4.62%) Volume: 93.02M

Advanced Micro Devices, Inc.’s stock price currently stands at 161.78 USD, showcasing a robust performance with a trading session increase of +4.62%, a robust trading volume of 93.02M and a year-to-date growth of +9.75%, reinforcing AMD’s strong market position.

Latest developments on Advanced Micro Devices, Inc.

Recent events have had a significant impact on the stock price of Advanced Micro Devices (AMD) today. Analyst downgrades citing ‘too high’ AI expectations, insider selling leading to a 2.4% decrease in stock price, and the investigation of a potential data breach have all contributed to the fluctuations in AMD’s stock value. Despite the cyberattack claims and data breach investigations, AMD remains confident that there will be no material impact on its business. With conflicting reports and market reactions, investors are closely monitoring AMD’s stock movements amidst these developments.

Advanced Micro Devices, Inc. on Smartkarma

Analyst coverage on Advanced Micro Devices (AMD) on Smartkarma indicates a positive sentiment towards the company’s growth opportunities in data center CPUs and artificial intelligence. According to Baptista Research, AMD, led by CEO Dr. Lisa Su, achieved significant milestones in the first quarter of 2024, with revenue reaching $5.5 billion and gross margin expanding by over 2 percentage points. The company saw enhanced profitability, with sales in the Data Center and Client segments growing by over 80% year-over-year.

William Keating’s analysis also reflects optimism about AMD’s future performance, highlighting the company’s strong financials in the fourth quarter of 2023. With data center sales accelerating and revenue increasing by 10% year-over-year to $6.2 billion, AMD’s competitive road map and innovation are seen as major growth catalysts. Keating forecasts further growth in the Data Center segment, projecting over 70% year-over-year growth in 2024 with potential for additional upside.

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 according to Smartkarma Smart Scores. While the company scores well in resilience, indicating its ability to withstand market challenges, its scores in value and growth are moderate. This suggests that AMD may not be seen as a high-value investment opportunity with significant growth potential in the long term.

Despite its lower scores in value and growth, Advanced Micro Devices (AMD) shows promising momentum in the market. This indicates that the company is currently experiencing positive trends that could potentially lead to future growth opportunities. However, with a low dividend score, investors looking for steady income may need to consider other options.

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