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See what the IHS Markit Score report has to say about Advanced Micro Devices Inc.

IHS Markit

Advanced Micro Devices Inc

NASDAQ/NGS:AMD

View full report here!

Summary

  • Perception of the company's creditworthiness is positive
  • Bearish sentiment is moderate and increasing
  • Economic output for the sector is expanding but at a slower rate

Bearish sentiment

Short interest | Negative

Short interest is moderately high for AMD with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 20.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. ETFs that hold AMD had net inflows of $11.14 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.

Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. AMD credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.

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