|Bid||0.00 x 21500|
|Ask||0.00 x 1400|
|Day's Range||39.55 - 40.22|
|52 Week Range||16.03 - 41.79|
|Beta (3Y Monthly)||3.08|
|PE Ratio (TTM)||207.43|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.96|
Todd Gordon of TradingAnalysis.com shared with the viewers of CNBC's "Trading Nation," his bullish options strategy in Advanced Micro Devices, Inc. (NASDAQ: AMD ). The stock broke its long-term ...
Chipmaker Advanced Micro Devices is likely to continue taking market share from rival Intel in the year ahead, but AMD stock is probably fully valued now, a Wall Street analyst said.
Some companies spend to gain market share, while others burn cash to beat quarterly earnings estimates.
Real Madrid vs Barcelona, The Beatles vs The Stones – our cultural landscape is filled with intense rivalries which arouse the tribal instincts in us all. Almost everyone has an opinion, and a favorite to go along with it.Add to this list then, CPU giants Intel (INTC) and Advanced Micro Devices (AMD). The two are the only major players regularly fighting it out in the CPU market. Although Intel’s market cap is almost 5 times bigger than AMD’s, the latter has been making big strides this year.Stock Comparison Tool | TipRanksAMD has taken advantage of Intel’s shortages in the low end of the PC market this year and has eaten away at Intel’s traditional dominance. Add to this the recent reports of AMD processors outselling Intel’s by 5 to 1 in Germany’s large Mindfactory stores, along with a recent survey by the European Hardware Association (EHA) which concluded 60% of tech enthusiasts expressed a preference for AMD desktop processors over its rival, and a trend becomes apparent.Both companies recently unleashed new products on the market. AMD launched its 7nm Threadripper 3970/3960 series for the high-end desktop market, while not to be outdone, Intel launched its new Cascade Lake-X processor, the 18-core Core i9-10980XE.5-star Mizuho analyst Vijay Rakesh recently took a look at both and had some key takeaways; in gaming, the Intel units had the upper hand, its processor faster than AMD’s by 15-20%. In a growing industry with an estimated 1.0-1.5B PC gamers globally, Intel is well positioned to benefit. On the other hand, the Threadrippers’ increased cores and faster rendering times make it very attractive to the 70-80 million content creators on YouTube or Instagram.Pricewise, Intel came out in top, with the analyst noting, “Desktop Intel core i9 is priced at ~$488-$979, decent price/performance versus new AMD 7nm (36core/64Threads) high-end Desktop 3970X at $1399+ or the DT Ryzen 9 generation 3950 at $749--and INTC is also aggressive with Cascade Lake pricing.”Rakesh concluded, “Even though we believe AMD is ramping a solid, broad, product portfolio with 7nm, INTC, with legacy 14nm, is still price-competitive with good performance, and ramping new 10nm NB/mobile i3/i5/i7. KEY for INTC stock, in our view, would be 1) ramping its 10nm Ice Lake Server and Desktop, and also 2) closing the gap with 10nm PCIe4.0/38cores in 2H20.”To this end, the top-rated analyst maintained a Buy rating on INTC, along with a $64 price target, which implies about 14% upside from current level. Rakesh, on the other hand, thinks AMD’s surge has run its course for now, and maintained a Neutral rating on the stock, along with a target price of $38. (To watch Rakesh’s track record, click here)To find other good ideas for tech stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
The Dow Jones today closed lower after new Trump comments on the U.S.-China trade deal. Apple stock sank on increased chances of new tariffs.
The AWS Graviton2 processor, which is estimated to be seven times faster than its previous chip, uses technology from SoftBank Group Corp-owned Arm Holdings. Reuters reported last week that Amazon was looking to design a data center processor chip to power its cloud unit. Data center processor chips are used in cloud computing, an area that is fast emerging as a big business.
(Bloomberg) -- Amazon.com Inc.’s cloud unit keeps trying to eat away at Intel Corp.’s stranglehold on the server chip market.Amazon Web Services has developed a more powerful version of its own chips to power services for cloud-computing customers, as well as some of AWS’s own programs. AWS Chief Executive Andy Jassy on Tuesday introduced a second-generation chip, called Graviton2, aimed at general-purpose computing tasks. He didn’t specify a release date.The company last year unveiled its first line of Graviton chips, which it said would support new versions of its main EC2 cloud-computing service. Prior to that, Amazon -- and other big cloud operators -- had almost exclusively used Intel Xeon chips. The company said at the time that the Graviton-backed cloud service would be available at a “significantly lower cost” than existing offerings run on Intel processors.Intel’s chips account for more than 90% of the server chip market and handle most tasks at the biggest cloud providers including Amazon, Microsoft Corp. and Alphabet Inc.’s Google. But these companies are also announcing plans to use Intel’s main rival Advanced Micro Devices Inc. AMD has forecast it will top 10% in server processor market share by mid-2020, a target that analysts at Instinet LLC said in a note is achievable.Jassy said on Tuesday that Intel is “a very close partner,” but that to push the envelope on prices, “we had to do some innovating ourselves.”Amazon is using its 2015 acquisition of startup Annapurna Labs, which Jassy called a “a big turning point for us,” to design its own chips. The new processor uses technology from SoftBank Group Corp. unit ARM Holdings, a standard that dominates in mobile phones.\--With assistance from Ian King.To contact the reporters on this story: Matt Day in Seattle at email@example.com;Dina Bass in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Robin Ajello at email@example.com, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The principal tasks of artificial intelligence (AI) are training and inferencing. Training an AI model ensures that it can perform its designated inferencing task—such as recognizing faces or understanding human speech—accurately and in an automated fashion. Inferencing is big business and is set to become the biggest driver of growth in AI.
Intel (INTC) wraps up the divestiture of its smartphone modem business to better focus on development of technology for 5G network infrasturcture.
Audentes led rallying biotech stocks, but the Nasdaq and Dow Jones today veered sharply lower Tuesday on new Trump trade comments.
SANTA CLARA, Calif., Dec. 03, 2019 -- AMD (NASDAQ: AMD) today announced it is enabling an open ecosystem for OEMs to create and customize high performance Mini PCs, powered by.
Dow Jones futures turned lower after President Donald Trump said it might be better to wait until after the 2020 election to reach a China trade deal.
Christmas has arrived early for Advanced Micro Devices (AMD) stock, or you could possibly say it has been Christmas all year long for the semiconductor giant.Along with nesting up the very highest echelons of the S&P 500 top 2019 performers, AMD has gained 108% year-to-date and still just a step away from record highs.The company’s stellar year has seen it take advantage of Intel’s shortages at the low end of the CPU market. Although the sector has always somewhat been AMD’s go-to niche, the company pushed back on the idea that Intel’s issues had anything to do with its recent success. The company might want to retract that statement right now as some interesting figures show it's leaving one of their main competitors in the dust.German retailer Mindfactory just announced that November sales of AMD processors are outselling Intel’s by 5 to 1, with 25000 sold compared its competitor’s 5000. In fact, AMD has been hitting the 80% chunk of the market since the July launch of its Ryzen 3rd gen processors, increasing an already healthy 68% market share to 79%.AMD’s dominance in Europe is also reflected in a recent survey by the European Hardware Association (EHA) which concluded 60% of tech enthusiasts expressed a preference for AMD desktop processors over its rival. This reverses last year’s trend and can be put down to the impact the Ryzen 3000 processors have had this year.Europe is not the only territory providing good news for the CPU manufacturer. Remarkable scenes were reported on November 30 at the Japanese launch of the AMD Ryzen 9 3950X 16 Core CPU processor. Stores sold out before they had even opened, with DIY enthusiasts queuing during the night to get hold of the flagship product. AMD's Ryzen Threadripper 3970X sales were also given a boost the same day, alongside a healthy number of consumers buying the 32 core Zen 2 based chip too.A recent report assessing the microprocessor and GPU markets had Nomura analyst David Wong noting "ongoing AMD share gains" with the 5-star analyst adding, “AMD gained share in data center, desktop, and notebook processors in the September quarter. A rebound in data center processor demand and firmness in PC pricing are supporting a return to overall growth… total server CPU revenues set a record high and that overall processor market ASP reached a 20-year high in the quarter.”Accordingly, Wong reiterated a Buy rating on AMD, but his $40 price target implies limited upside potential. (To watch’s Wong’s track record, click here)All in all, this soaring chip titan certainly has the Street divided. A consensus breakdown of 11 "buys," 11 "holds" and 1 "sell" gives AMD a Moderate Buy rating. The average price target of $36.89 suggests a slight downside might be on the cards. This could be down to analysts believing AMD’s sustained rally has got to come to an end at some point. (See AMD stock analysis on TipRanks)
Despite rival Advanced Micro Devices, Inc. (NASDAQ: AMD ) making headway with its strong product momentum, Bank of America is convinced Intel Corporation (NASDAQ: INTC ) shares present investors with a ...
Advanced Micro Devices (NASDAQ:AMD) stock has been red-hot. It jumped from a low near $27.50 in early October to $42 last week, although AMD has subsequently dropped to $38.50. In other words, Advanced Micro Devices stock has rallied 40% in about six weeks. Talk about an incredible run!Source: Sundry Photography / Shutterstock.com In back-to-back sessions, AMD stock price lost its momentum near the $42 mark. However, that hasn't stopped some analysts from predicting a run to $50 or more.Lately, there have been several calls by analysts for a rally into the upper-$40s. But two calls stand out the most. That's RBC Capital Market's price target of $50, issued on Nov. 15, and Rosenblatt's $52 price target, established on Nov. 18. To get to $50, Advanced Micro Devices stock needs to rally over 30% from its current levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCan AMD do it? Trading AMD Stock Click to EnlargeThe $34 to $35 area had been resistance for quite some time, dating back to 2018. In October, Advanced Micro Devices stock was finally able to push through that mark. After doing so, the stock rallied to $37 and then pulled back.The pullback was very telling, though, as AMD stock price found support at $35.50, its old 52-week high reached in August. On the chart above, the purple arrows highlight that retreat. * 7 Entertainment Stocks to Buy to Escape Holiday Blues After twice failing to push through $42, Advanced Micro Devices stock has lost some steam. With such an elevated RSI reading -- which measures how overbought and oversold a stock is -- it's no wonder that AMD stock price is weakening.The question is, when will buyers step back in?With the recent breakout of Nvidia (NASDAQ:NVDA) and with the PowerShares QQQ ETF (NASDAQ:QQQ) reaching new highs, AMD may not remain under pressure for long.The stock has a steep uptrend mark (depicted by the blue line) that comes into play near $39. While that may or may not act as support this time around, it's too steep to remain in play indefinitely. If it fails sooner rather than later, look for the shares' 20-day moving average to give AMD stock a boost.Ultimately, it would be healthy to see Advanced Micro Devices stock decline to the $34.30 to $35.50 area and again find support in that area. A move above $42 would put $50 on the table, although it will still have a ways to go before getting there.It's worth mentioning that AMD stock does have the 123.6% Fibonacci extension at $47.87 at this time. Valuing Advanced Micro Devices StockHelping fuel the move higher is an improvement in the company's fundamentals. Simply put, almost all aspects of Advanced Micro Devices' business are continuing to improve.Its revenue and earnings continue to grow, its debt continues to shrink and its products keep getting better. Its product enhancements have allowed it to compete more effectively with Nvidia and Intel (NASDAQ:INTC), as consumers begin to consider AMD a viable alternative in some areas.Not to mention, the company is growing. Recently, I wrote about Nvidia stock being embraced by investors again. The company is finishing up a tough year in terms of revenue and earnings, both of which declined year-over-year, due to the crypto fallout. However, in its upcoming fiscal year, Nvidia's sales and earnings will resume growing.Like Nvidia, AMD was negatively impacted by the crypto collapse. However, unlike Nvidia, AMD's top and bottom lines rebounded this year. AMD's revenue and profit growth is expected to accelerate next year.Analysts, on average, expect its revenue to rise 3.7% this year. While that doesn't sound too exciting, keep in mind that the revenue of both Intel and Nvidia is expected to grow more slowly. Plus, AMD's earnings should rise almost 35% in 2019. In 2020, analysts, on average, expect its earnings to climb 75% and predict that its top line will surge 27%.So while Advanced Micro Devices stock may be more expensive on a traditional valuation basis than its peers, keep in mind that its growth is superior to them and accelerating.If my predictions about the stock's support prove to be accurate, look for the rally of Advanced Micro Devices stock to possibly continue, particularly if it can climb above $42.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Things to Watch for into 2020 for Safer Income & Growth * 7 Entertainment Stocks to Buy to Escape Holiday Blues * 5 "Strong Buy" Biotech Stocks With More Than 80% Upside The post Can Advanced Micro Devices Stock Surge to $50?Â appeared first on InvestorPlace.
Is Advanced Micro Devices, Inc. (NASDAQ:AMD) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market […]
Advanced Micro Devices, Inc. (NASDAQ: AMD ) has been the best performer among S&P 500 stocks thus far this year, having gained about 111% through Nov. 26. This is despite the stock retracting from the ...
The major stock indexes were lower in morning trade Friday. Dow Jones stock leader Nike is approaching a new buy point.
Dow Jones today: China trade fears rose heading into a Black Friday half-day session. Apple stock, AMD, Nvidia edged lower. Alibaba erased its early gain.