25.30 +1.64 (6.93%)
After hours: 7:59PM EDT
|Bid||25.25 x 1000|
|Ask||25.26 x 1100|
|Day's Range||24.09 - 25.64|
|52 Week Range||9.04 - 34.14|
|Beta (3Y Monthly)||4.06|
|PE Ratio (TTM)||86.61|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.02|
Advanced Micro Devices' (AMD) third-quarter 2018 results are likely to benefit from strong GPU demand from gaming, automotive and blockchain industries.
China-based names led the Nasdaq to a strong start, but action turned negative as earnings news dragged on opening trade and Netflix took a dive.
Stock futures: It's still a market correction, and more top stocks undercut their 50-day line last week, including Apple, AMD and Boeing.
Specifically, analysts at Nomura Instinet upgraded the stock to buy from neutral and assigned a $50 price target. The firm's price target represents about 13% upside from current levels. It's worth pointing out that the price target is still significantly below Intel's 52-week high of $57.60.
Now that shares of Advanced Micro Devices Inc. have fallen back to earth slightly, investors get the opportunity to decide whether the current trade war climate had impinged upon the chip maker’s ability to capitalize of the misfortunes of its competitors.
Advanced Micro Devices (AMD) seems to be repeating its 2006 growth in the CPU (central processing unit) market, increasing its market share. All that is the result of its new manufacturing and product strategy. In the past, AMD lost market share when it lagged behind Intel (INTC) in process technology.
This year has been slow for semiconductor stocks due to growing trade tensions between the United States and China. The stock market has witnessed three sell-offs in 2018 so far: one on February 8, one on March 23, and one on October 11, Advanced Micro Devices (AMD) and its peers Intel (INTC) and NVIDIA (NVDA) were not much affected by the first two sell-offs, as they enjoyed strong demand momentum in the CPU (central processing unit) and GPU (graphics processing unit) spaces.
Below is a list of notable corporate events for the week beginning October 22nd. Note, this list is not comprehensive and all dates are subject to change. All times are ET. View more earnings on AMZN Monday ...
Advanced Micro Devices (AMD) earns revenue by selling CPUs (central processing units), GPUs (graphics processing units), and APUs (application processing units) for PCs, data centers, game consoles, and embedded devices. In 2018, it adopted a new accounting standard that shifted its game consoles’ seasonal revenue from the third quarter to the second quarter. That boosted its second-quarter revenue 53% YoY (year-over-year), its highest double-digit YoY growth for quite some time. It was also the eighth consecutive quarter of double-digit YoY growth.
October Has Been Weak for AMD Stock: What's Ahead? Advanced Micro Devices (AMD) is leveraging Intel’s (INTC) headwinds and strong demand environment to gain share in the PC and server CPU (central processing unit) market. AMD witnessed similar growth back in the first quarter of 2016 when its CPU market share was close to that of Intel.
The PHLX Semiconductor Sector (NASDAQ: SOX ) is down about 2 percent year-to-date, underperforming the broader market. Notwithstanding the sector's lukewarm prospects, a Nomura Insitnet analyst found a ...
After years of silence, Advanced Micro Devices (AMD) stock gained momentum in 2016. Growth came as AMD started gaining market share in the PC and server CPU (central processing unit) and GPU (graphics processing unit) markets from Intel (INTC) and Nvidia (NVDA). AMD’s growth spree was affected by the recent stock market sell-off on October 10, triggered by the Federal Reserve’s interest rate hike.
Advanced Micro Devices (AMD) operates in an oligopoly market, where one’s loss is another’s gain as other companies compete for market share.
Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
At the other end of the spectrum was Procter & Gamble (NYSE:PG), which gained 8.8% after reporting first fiscal quarter results that offered a much-needed ray of hope that a turnaround was brewing. Stock charts of Netflix (NASDAQ:NFLX), Nvidia (NASDAQ:NVDA) and PPL (NYSE:PPL) are some of those top prospects. On Wednesday morning of last week, Netflix was all the rage.
Semiconductor (SMH) stock Advanced Micro Devices (AMD) fell 11.1% on October 19 to close trading at $23.66. New Street Research analyst Pierre Ferragu has a 12-month price target of $18 for AMD. Ferragu stated, “AMD’s stock price reflects a scenario we don’t believe possible.
CALGARY , Oct. 22, 2018 /CNW/ - Acceleware Ltd. (AXE.V) ("Acceleware" or the "Company") is pleased to announce it has signed an agreement (the "Agreement") with a Canadian affiliate of Advanced Micro Devices, Inc. (AMD) ("AMD"). Over the next four months, Acceleware will receive cash compensation of US$2.51 million from AMD in exchange for custom software engineering resources and consulting services. Acceleware has amassed extensive parallel computing software development expertise and GPU accelerated HPC applications knowledge as a result of its numerous software products and the provision of custom software development services to the oil and gas industry. As part of the Agreement, the Company's custom software development team will transition to a new AMD site in Calgary , expanding AMD's existing footprint in Canada .
Buffett often uses a measure called look-through earnings to value the company. The trick: include the earnings of companies in its $200 billion equity holdings.
CNBC's Jim Cramer prepares for what he thinks may be the "toughest" earnings week yet. The upcoming week of earnings reports may be the "toughest of all," CNBC's Jim Cramer warned after Friday's trading produced "the most treacherous up day" he'd seen in years. "We have more blowups in high-growth stocks, more disappointment in tech, more sadness in health care, and they're offset by just a fantastic pair of rallies in Procter & Gamble and PayPal ," the "Mad Money" host said.
Shares of Advanced Micro Devices Inc. tumbled 7.3% in afternoon trade, enough to pace the decliners in the semiconductor sector, after bearish note on the company from New Street Research and recent downbeat reports on the sector. On Friday, New Street analyst Pierre Ferragu initiated coverage of AMD with a sell rating and stock price target of $18, which was 27% below current levels, saying he sees a "hard stop" in momentum around the corner. "Our detailed review of AMD's architecture and actual needs of the server and PC markets, combined with our analysis of competitive dynamics between Intel and AMD nevertheless suggest the party might be over soon," Ferragu wrote in a note to clients. AMD's stock was the biggest decliner in the PHLX Semiconductor Index , which fell 1.3% with 25 of 30 components losing ground. AMD's stock has plunged 20% so far this month, while the SOX has lost 11% and the S&P 500 has slipped 5.1%. Morgan Stanley said in a note Thursday that it expects broad-based lowered fourth-quarter guidance when chip makers report third-quarter results, driven by "pronounced weakness" in autos and a slowing in industrial. Goldman Sachs said Thursday it expects a cyclical correction in the sector amid weaker data points in the industrial end markets.
The big question with semiconductor stocks at the moment is simple. The gains in chip stocks starting in early 2016 came in part due to a belief that they weren’t. On Thursday, Goldman Sachs gave its opinion, and, with one key exception, it was mostly bearish.