|Bid||46.70 x 3100|
|Ask||46.72 x 2900|
|Day's Range||46.25 - 47.83|
|52 Week Range||43.63 - 69.29|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||9.14|
|Earnings Date||Jan 21, 2021|
|Forward Dividend & Yield||1.32 (2.74%)|
|Ex-Dividend Date||Nov 05, 2020|
|1y Target Est||56.59|
While a lot of cloud-related enterprise tech spending still looks healthy, on-premise hardware and software spend is getting stung by both secular trends and macro pressures.
Microsoft, Amazon, Facebook, Alphabet and Intel are part of Zacks Earnings Preview
Advanced Micro Devices (NASDAQ: AMD) stock has been in top form in the market in 2020, rising to a new all-time high at the end of August to more than $90 a share thanks to terrific momentum across its different businesses. The chipmaker has been taking away market share from Intel in central processing units (CPUs), giving NVIDIA a hard time in graphics cards, and is reportedly exploring new territories to become a dominant semiconductor player. The third-quarter guidance was even better, with AMD forecasting 42% year-over-year revenue growth, attributing the acceleration to strong demand for its Ryzen and EPYC processors, as well as a bump in sales of its semi-custom processors thanks to the arrival of a new generation of gaming consoles.