|Bid||79.82 x 900|
|Ask||79.83 x 900|
|Day's Range||78.23 - 80.71|
|52 Week Range||27.43 - 87.29|
|Beta (5Y Monthly)||2.29|
|PE Ratio (TTM)||155.23|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 27, 1995|
|1y Target Est||N/A|
The Dow Jones Industrial Average traded higher in today's stock market while the Nasdaq headed lower amid a very mixed trading session.
Advanced Micro Devices, Inc. (NASDAQ: AMD) has been a high-flying stock in recent years, and there is more upside ahead, according to an analyst at Jefferies.The AMD Analyst: Mark Lipacis has a Buy rating and $95 price target for AMD shares, with the bull-case scenario suggesting a price target of $135.The AMD Thesis: Mercury Research's data showed AMD's total server unit share climbed by 241 basis points year-over-year and 68 basis points from the previous quarter, Lipacis said in a Monday note.Intel Corporation (NASDAQ: INTC) is one full year behind AMD, as the former plans to ramp its Ice Lake Server CPUs toward the end of 2020, well behind the latter's EPYC 2 Server MPUs on Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) comparable 7nm node, the analyst noted.AMD's second-gen 7nm EPYC 3 server CPU is likely to ramp by the end of 2020. Lipacis also sees AMD's transistor advantage widening amid Intel's delay in transitioning to 7nm.AMD's unit share in notebook CPUs climbed 585 basis points year-over-year to 19% and revenue share increased 447 basis points, Lipacis said, citing Mercury Research data.As the transistor gap between Intel and AMD widens, AMD remains poised for share gains, particularly in the server market."As it does, we think that the bull case for AMD, which is based largely on AMD capturing 30% share from INTC over the next 2-to-3 years, will morph to a 50% market share bull case 4-to-5 years out," Lipacis wrote in the note.AMD Price Action: AMD shares were slipping 3.2% to $82.07.Related Links:AMD Analysts Bet On Continuing Momentum Amid Tailwinds, Execution, Intel MisstepsWhy BofA Has The Street's Highest Nvidia Price Target Ahead Of The Q2 PrintLatest Ratings for AMD DateFirmActionFromTo Jul 2020JP MorganMaintainsNeutral Jul 2020Piper SandlerMaintainsOverweight Jul 2020UBSMaintainsNeutral View More Analyst Ratings for AMD View the Latest Analyst RatingsSee more from Benzinga * AMD Analysts Bet On Continuing Momentum Amid Tailwinds, Execution, Intel Missteps(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The selling was concentrated in the Nasdaq in late-afternoon trading Friday as software stocks sold off again. First Solar led a rally in solar stocks.