AMD - Advanced Micro Devices, Inc.
| Previous Close | 28.01 |
| Open | 27.69 |
| Bid | 27.49 x 800 |
| Ask | 27.50 x 40700 |
| Day's Range | 27.40 - 28.46 |
| 52 Week Range | 12.71 - 34.14 |
| Volume | 65,385,351 |
| Avg. Volume | 67,240,288 |
| Market Cap | 29.744B |
| Beta (3Y Monthly) | 4.00 |
| PE Ratio (TTM) | 110.44 |
| EPS (TTM) | 0.25 |
| Earnings Date | Jul 23, 2019 - Jul 29, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 1995-04-27 |
| 1y Target Est | 29.41 |
- TheStreet.com•1 hour ago
Will Nvidia Stock Rally or Falter After Muted Earnings?
The midday reaction was rather dull considering what a big mover Nvidia stock tends to be, although long-time shareholders are likely content with Friday's price action. Many are wondering what's next for Nvidia. Bears are arguing that Nvidia stock's failure to rally indicates poor price action.
- Motley Fool•17 hours ago
AMD's Data Center Dominance Could Send the Stock Higher
Market share gains against Intel and NVIDIA should move the needle in a big way.
- Benzinga•2 days ago
Nvidia Analysts Sold On Long-Term Story, But Cautious On Data Center Weakness, Competition
Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Nividia and lowered the price target from $190 to $180. KeyBanc Capital Markets analyst Weston Twigg maintained a Sector Weight rating. Raymond James analyst Chris Caso reiterated an Outperform rating and $180 price target.
- InvestorPlace•2 days ago
After NVDA Stock Earnings, $200 Is Within Reach
Nvidia (NASDAQ:NVDA) reported earnings last night and investors loved them. NVDA stock spiked 7%… then faded back to red. This is more likely due to overall stock market malaise than Nvidia disappointment, however. We are still dealing with geopolitical headlines a major economic war between the U.S. and China.Source: via NvidiaAs of this writing, NVDA had turned green again, up about 1%.The NVDA options markets had priced in a +/- $12 move today and the after hour spike perfectly took the stock to the upper edge of that limit. The open interest in the options markets also suggested upside pressure with resistance this week at $173 and that was exactly where it faded. So the overnight action unfolded exactly as planned. Now the bulls need some follow through as the market shakes the overnight jitters off. And the geopolitical headlines need to cooperate.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs These last two days are quite the change from earlier this week when equities like NVDA were in free fall. Wall Street panicked from headlines that China retaliated against the new U.S. tariffs. Yet Thursday, NVDA stock closed slightly green ahead of the event.This small upside move was impressive since the Thursday open was scary for chip stocks. They all collapsed on headlines that the U.S. is acting against Huawei. So traders then extrapolated that all chip companies are vulnerable too. But this morning the sector is once again trying to find footing as Applied Materials (NASDAQ:AMAT) is helping with its positive reaction to their earnings.NVDA beat both earnings and sales. But more importantly, they raised guidance for the future. So they over-delivered and promised that they will do even better next time. This is reason to hold or start accumulating a position in Nvidia stock.NVIDIA used to be focused on graphics cards, but now they are set up to benefit from several of the hot topics for the next few decades. They have transformed into a dominant player in any tech that needs a brain. From computers on our desks or in our pockets, to ones that drive our cars.Last night's report shows that NVIDIA has returned to growth, and gaming and data centers are exciting areas of opportunities once more. Also Artificial Intelligence segments will accelerate as adoption of AI grows world wide. This is a budding trend that will dominate in the future. Every aspect of our technology will have AI built into it. Nvidia stock will surely benefit from this trend.Management also noted that the acquisition of Mellanox (NASDAQ:MLNX) will close by year end. So the noise from the assimilation will die down. They outbid Intel (NASDAQ:INTC) so they can create more runway in their own data center efforts. This will have incremental profits soon enough. The Bottom Line on Nvidia StockSo in summary, Nvidia stock is not a sell here. The management team has proven that they are still on top for their game. They are growing demand for gaming, cloud tech and AI. So they left nothing for the sellers to use as weapons.In addition, there is also the surprise revival of the Crypto-craze as Bitcoin rallied 100% in a month. In the past, NVDA and crypto moved in tandem, but Nvidia has outgrown this. Bitcoin is no longer part of the NVDA investment thesis so it's pure gravy. So it's not a threat to the rally since it's not a major peg that could break. * 6 Chinese Stocks That Could Pop On a Trade Deal The experts on Wall Street agree that Nvidia stock is a BUY. The average price target is close to $200 per share, which also shows that Wall Street believes that the upside opportunity outweighs the downside risks.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post After NVDA Stock Earnings, $200 Is Within Reach appeared first on InvestorPlace.
Market Realist•2 days agoAMD Banks on Rome to Boost Enterprise Revenue amid Weak Demand
AMD’s 2019 Growth Story: Next-Generation Ryzen, Rome, and Navi(Continued from Prior Part)AMD’s Enterprise businessAdvanced Micro Devices (AMD) is seeing growing adoption of its EPYC server CPU (central processing unit) across cloud, HPC
- MarketWatch•2 days ago
This chart proves the existence of a Trump ‘put’ in the stock market
Think what you may of President Trump, but there is an undeniable fact. If you watch the stock market as closely as I do, you would notice that Trump often has impeccable timing to prop up the market. • The chart shows the stock market was falling.
Market Realist•2 days agoAMD’s Semi-Custom Business to Fall before Expected Rise in 2020
AMD’s 2019 Growth Story: Next-Generation Ryzen, Rome, and Navi(Continued from Prior Part)AMD’s semi-custom businessAdvanced Micro Devices (AMD) is a leader in the game console market as its semi-custom chips are preferred by game console giants
Yahoo Finance•3 days agoPinterest plunges, Nvidia surges on earnings — What to know in markets Friday
There are two stocks that will be moving Friday morning, Pinterest and Nvidia.
- InvestorPlace•3 days ago
Can Nvidia Stock Hit $250 Before AMD Hits $40?
Anyone who bought Nvidia (NASDAQ:NVDA) stock at the end of 2018 is probably saying, "heck yes" to my question in the headline. Up 22% so far this year through May 14, Nvidia stock will have risen 87% in 2019 if it reaches $250 by the end of the year. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut as my colleague, Dana Blankenhorn, recently commented, that isn't going to happen, thanks to President Trump's insane tariff war with China."The best thing for investors to do is wait out the storm and buy when Trump finds another shiny object to hate and decides he needs the tech economy," Blankenhorn stated. "As I've said many times, trade wars are unhealthy for economies and other living things."Amen to that. * 7 Stocks to Buy that Lost 10% Last Week Nvidia stock has been a constant pain in my backside during the past two years, as I've banged the drum in support of it over arch rival Advanced Micro Devices (NASDAQ:AMD). Although NVDA has much healthier financial statements than AMD, NVDA stock has gotten crushed by its smaller competitor over the past 52 weeks. AMD stock has's gained 123% over the past year, compared to about 36% for Nvidia stock. My History With AMD StockLive by the sword, die by the sword. In October 2017, I suggested that Nvidia stock would hit $350 before AMD hit $25. At the time, NVDA was trading around $200 and climbing fast. Several months earlier, when NVDA stock was trading around $136, I predicted it would hit $200 before AMD hit $16. That prediction came to pass; AMD traded around $12 when NVDA broke through $200. However, as I've said many times, share price predictions are like the wind; they'll change direction if you wait long enough. Fast forward another 11 months to September 2018, and I'm eating my initial words. While Nvidia stock was struggling to get to $300, let alone $350, AMD blew past $25 in late August. Not wanting to admit defeat and confident that Nvidia's profitability would win the day, I upped the ante predicting NVDA stock would hit $500 by the end of 2020, before AMD would hit $45. I'm doing pitifully. On September 4, 2018, NVDA and AMD were trading at $272 and $27 respectively. As of today, Nvidia stock has lost about 40% of its market value since then, while AMD is flat. The moral of the story: Stock price predictions are futile. What the Future HoldsIf you haven't been paying attention, I have no idea what the future holds for NVDA stock. What I do know is that AMD has delivered for shareholders over the past year in a way that Nvidia investors could only wish for. That said, I'm a believer in companies with strong free cash flow generation, and NVDA fits the bill. In Nvidia's latest fiscal year it had free cash flow of $3.14 billion or 27% of its $11.7 billion of annual revenue, down three percentage points from its FCF as a percentage of revenue in 2018, but still an excellent number. By comparison, AMD's free cash flow in its latest fiscal year was -129 million or -2% of its $6.5 billion of total revenue. If the U.S., China spat turns into something more permanent, I know which stock I'd rather own. That's not to say that I don't have a lot of respect for AMD CEO Linda Su; she's done an excellent job turning the company into a bona fide leader in its field. It's just that free cash flow is a big part of how I evaluate stocks. It's nothing personal. Can Nvidia stock get to $250 before AMD hits $45?That's for you to decide. I'm out of the share price-prediction game.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Sell Before They Tank Your Portfolio * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Low-Priced, High-Potential Tech Stocks to Buy Compare Brokers The post Can Nvidia Stock Hit $250 Before AMD Hits $40? appeared first on InvestorPlace.
Market Realist•3 days agoHere Are AMD’s Future Growth Drivers
AMD’s 2019 Growth Story: Next-Generation Ryzen, Rome, and Navi(Continued from Prior Part)AMD’s Enterprise, Embedded, and Semi-Custom businessAdvanced Micro Devices (AMD) is a small competitor in the CPU (central processing unit) and GPU
Market Realist•3 days agoHow AMD’s Graphics Business Is Positioned
AMD’s 2019 Growth Story: Next-Generation Ryzen, Rome, and Navi(Continued from Prior Part)AMD’s Graphics businessAdvanced Micro Devices (AMD) is the only company that has both CPU (central processing unit) and discrete GPU (graphics processing
Market Realist•3 days agoWhat AMD Plans for Ryzen in 2019
AMD’s 2019 Growth Story: Next-Generation Ryzen, Rome, and Navi(Continued from Prior Part)US-China trade war and AMD 2019 is a year of transition for Advanced Micro Devices (AMD) as it launches its next-generation 7-nm (nanometer) products.
- Zacks•4 days ago
What to Expect from Nvidia (NVDA) Q1 Earnings Amid Semiconductor Market Downturn
Let's take a look at what investors should expect from Nvidia's Q1 fiscal 2020 earnings and revenue after the closing bell Thursday.
Market Realist•4 days agoRyzen Helps AMD Gain PC Processor Market Share from Intel
AMD’s 2019 Growth Story: Next-Generation Ryzen, Rome, and Navi(Continued from Prior Part)AMD’s Computing businessOne company that is handling the market downturn well is Advanced Micro Devices (AMD), as it mitigated the impact of significant
- InvestorPlace•4 days ago
How Much Higher Will AMD Stock Go in the Long Run?
The narrative in the semiconductor market right now is pretty simple, and it's exceptionally favorable for chip giant Advanced Micro Devices (NASDAQ:AMD). In a nutshell, the CPU market is defined by two players: the small guy, AMD, and the big guy, Intel (NASDAQ:INTC).Source: Matthew Rutledge via FlickrFor a long time, Intel has leveraged its scale, resource, and reach advantages to crush AMD. But, over the past three years, AMD has innovated more quickly that Intel and, in so doing, has launched next-gen chips more quickly than Intel. AMD has consequently gained share on Intel, especially in the all-important data center market. In response, AMD stock has gone from a $2 stock in early 2016, to a $27 stock today.But this narrative is starting to wind down.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo be sure, AMD is still growing much more quickly than Intel where it matters. The company will continue to gain market share for the foreseeable future. But current trends imply that Intel is also finally catching up where it matters. Thus, the pace of AMD market share gains will likely slow for the foreseeable future. * 10 Retirement Stocks That Won't Wilt in a Bear Market As the pace of AMD's market share gains slows, so will the pace of gains in AMD stock. Broadly speaking, AMD stock has risen by nearly 15-fold over the past three years. It won't rise another 15-fold over the next three years.Instead, fundamentals imply that AMD stock has just about 50% upside to $40 over the next three years. That's still good upside. But, it's not huge upside. As such, investors should expect more tempered gains going forward for AMD stock. The Market Share Expansion Narrative Is Losing MomentumOver the past three years, AMD's ability to rapidly expand its market share in the semiconductor market has led to AMD stock rising by a factor of 15. But, this market share expansion narrative is starting to lose momentum. As it does, the pace of gains in AMD stock will likely slow, too.Intel has long been Goliath in the CPU industry. AMD has long been David. But AMD has innovated with impressive pace over the past several years, while Intel has simultaneously faced multiple production delays. The result? AMD has launched next-gen chips. Intel has not. This has led to AMD gradually and consistently chipping away at Intel's dominance in the CPU market.This is especially true in the all-important data center market. As we all know, the real growth narrative in the semiconductor market is on the data side of things. On that side of the market, Intel is the giant, but AMD is growing much more quickly. Last quarter, AMD's data center GPU sales more than doubled year over year, while Intel's data center sales dropped 6%.These market share gains will continue for AMD. The company still has a first-to-market and supply advantage over Intel. So long as that remains true, AMD's market share will continue to grow.But that advantage won't last forever. Indeed, it is already becoming increasingly narrow. Specifically, after years of delays, Intel is finally ready to start shipping 10nm processors in large volumes. That's big, because it was AMD's ability to get 10nm chips out to market first that allowed AMD to gain market share. With those 10nm processors now ready to ship, Intel expects its CPU supply shortages to start easing in June. In response, vendors like Dell and HP are reportedly planning on stepping up orders with Intel and cutting back on orders with AMD.In other words, the AMD market share expansion narrative will start winding down in June. It should continue to wind down over the subsequent months, as Intel yet again flexes its scale, resource and reach advantages. As that narrative winds down, AMD stock will slow down, too. Fundamentals Pave Path to $40 In 3 YearsIn the big picture, while the AMD market share expansion narrative is winding down, it isn't stopping, either. Instead, this company will continue to leverage strong innovation and a healthy product road map to continue to grow market share in the secular growth data and AI markets over the next several years. Concurrently, profitability levels will improve thanks to increased scale.But, profit growth will ultimately be limited by reinvigorated Intel competition. Revenue growth rates will come down due to a lower pace of market share expansion. Gross margins will likewise face competitive pressures. In numbers, what was 30%-plus revenue growth rates for the better part of the past two years, will turn into 20% and lower growth rates over the next several years, and what was several hundred basis points of margin expansion per year over the past two years, will turn into no more than 100 basis points of expansion per year going forward, and probably less.Overall, into 2025, I think AMD can grow sales at a ~15% annualized pace, while gross margins can expand gradually and the opex rate can fall meaningfully with scale. That combination implies robust profit growth going forward. But not enough to warrant another 15-fold increase in the stock.Under those assumptions, $2.40 in earnings per share is doable for AMD by 2025. Based on a forward price-earnings multiple of 20, which is average for growth stocks, that equates to a fiscal 2024 price target for Advanced Micro Devices stock of $48. Discounted back by 10% per year, that results in a fiscal 2022 price target for AMD of about $40.Thus, AMD stock has a very realistic and fundamentally supported opportunity to rally another 50% over the next three years. Bottom Line on AMD StockAMD stock has staged a huge rally over the past three years. That big rally won't be replicated over the next three years, mostly because the company's market share expansion narrative is winding down and the valuation is much more rich than it was a few years back. * 7 Stocks to Buy that Lost 10% Last Week But the rally in AMD stock won't die. Instead, gains going forward will be more tempered than they have been. In the long run, this stock can hit $40. But, it will take a few years to get there.As of this writing, Luke Lango was long INTC. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post How Much Higher Will AMD Stock Go in the Long Run? appeared first on InvestorPlace.
Yahoo Finance•4 days agoWalmart, Nvidia report — What to know in markets Thursday
Retail giant Walmart and chipmaker Nvidia will release quarterly earnings results Thursday.
- Market Realist•4 days ago
Computing and Graphics Have Driven AMD’s Growth since 2016
AMD’s 2019 Growth Story: Next-Generation Ryzen, Rome, and NaviAMD’s businessOver the last two years, Advanced Micro Devices (AMD) has emerged from multiple years of losses and is now well-positioned to withstand a semiconductor downturn. AMD
- MarketWatch•4 days ago
Chip sales to fall more than 7% in 2019 after three years of growth, IDC predicts
International Data Corp. said Wednesday that semiconductor sales are expected to suffer a sharp downturn in 2019 after growth in three consecutive years. The analysis firm said that chip sales are now expected to decline 7.2% this year, to $440 billion from $474 billion, after growing 13.2% in 2018. Much of the downturn is attributed to memory chips, which were bought in large amounts in 2018 due to short supply at the end of 2017, and are now being digested by the companies that bought them, hurting memory suppliers such as Micron Technology Inc. and Samsung Electronics Co. Ltd. Non-memory semiconductors are expected to grow sales by 1% in 2019, IDC said. Major chip companies have predicted that the current downturn will end in the second half of 2019, and IDC predicts that the bottom will likely occur by the end of the third quarter and sales will bounce back in 2020 and beyond.
- Benzinga•4 days ago
Nvidia Q1 Earnings Preview: Data Center, Gaming Inventory In Focus Amid Fundamental Uncertainties
NVIDIA Corporation (NASDAQ: NVDA ) is the last of the major chipmakers to report its quarterly results this earnings season. Following Intel Corporation (NASDAQ: INTC )'s recent guidance update that didn't ...
- InvestorPlace•4 days ago
AMD Stock Pops as Intel Suffers From ‘ZombieLoad’ Vulnerability
Intel (NASDAQ:INTC) has not exactly had a stellar few years. The company has dealt with chip delays, a resurgent Advanced Micro Devices (NASDAQ:AMD), the failure of its 5G mobile modem efforts -- losing its Apple (NASDAQ:AAPL) iPhone business as part of that -- and the Spectre and Meltdown crisis that kicked off 2018.Source: Graz University of Technology Now Intel is in the spotlight once again, and not in a good way. A new vulnerability in PC processors called "ZombieLoad" has been identified by security researchers. It could allow hackers to gain access to sensitive information, including passwords and it appears that virtually every Intel CPU since 2011 is affected. The company has released yet another patch, but PCs take a performance hit from installing it.There was little impact on Intel stock after the news of ZombieLoad broke on Tuesday, but AMD stock popped by over 4%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips ZombieLoad Comes for Intel ProcessorsGoing back to January 2018, Intel was hit hard by the discovery of Meltdown and Spectre. These vulnerabilities -- which also affected AMD and ARM-based processors -- posed a huge security risk to PC users. There was potential for hackers to exploit the vulnerabilities to steal critical data. PCs were affected, but so were cloud servers and even mobile devices.Intel must be feeling a sense of deja-vu, because once again, a critical vulnerability has been announced that affects its processors. * 7 Stocks to Buy that Lost 10% Last Week TechCrunch announced on Tuesday that security researchers from Graz University of Technology have discovered a new critical vulnerability in Intel chips called ZombieLoad. This vulnerability is similar to Meltdown and Spectre in that it could allow a hacker to steal data directly from the processor. The security research team that discovered ZombieLoad describes it like this:"While programs normally only see their own data, a malicious program can exploit the fill buffers to get hold of secrets currently processed by other running programs. These secrets can be user-level secrets, such as browser history, website content, user keys, and passwords, or system-level secrets, such as disk encryption keys."Like Meltdown and Spectre, ZombieLoad affects not only consumer and business PCs, but also the servers used in cloud computing. That means a big headache for companies like Amazon (NASDAQ:AMZN). What's different this time around is that the vulnerability appears to be unique to Intel chips. According to the researchers, ZombieLoad affects most Intel CPUs released since 2011, but not processors from AMD, or ARM-based chips. Intel has already released patches (the company was warned by the researchers prior to the findings being published), but those come with a cost. An Intel spokesperson told TechCrunch that patched PCs could take a performance hit of up to 3%, while cloud servers could see their performance drop by as much as 9%. An Opportunity for AMDGiven the news that hit INTC, the 4.1% pop in AMD stock makes sense. AMD has been on a tear, even as Intel has struggled. With the release of its Ryzen PC processors, AMD has begun to eat into Intel's PC market share, going from 17.5% of PC processors in 2016 to a current 22.8% share. The company beat Intel to the new 7nm chip architecture, and late last year, AMD inked a deal with AMZN to have its new EPYC chips used in Amazon web servers.With Amazon and other cloud service providers staring down yet another performance hit on their Intel-based servers after the ZombieLoad patch, you can bet that AMD is pushing those EPYC chips even harder. The bad PR Intel is receiving from ZombieLoad is likely to pay off for AMD when it comes to its Ryzen chips in the PC market as well. Overall, this latest vulnerability is just the latest bad news to hit INTC, but it's yet another opportunity for Advanced Micro Devices to build market share and for AMD stock to grow in value.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post AMD Stock Pops as Intel Suffers From 'ZombieLoad' Vulnerability appeared first on InvestorPlace.
- InvestorPlace•4 days ago
How, When and Why to Buy AMD Stock in Today’s Market
A continuation of the fear-and-loathing trade kicked off the workweek for investors. Now though, in an oversold market, Advanced Micro Devices (NASDAQ:AMD) is looking less like a casualty of the trade war and more like a sector standout off and on the AMD stock chart. Let me explain.Source: Matthew Rutledge via FlickrMonday picked up right where a market drubbing last week left off, sans Friday's miraculous late session, tweet-inspired rally. And that's to say, the broader averages finished deep in the red. For its part, the S&P 500 slid by 2.47% as the 'twit'-for-tat gameplay of the U.S. and China's trade war worsened.Driving the price action, investors are increasingly on edge after Chinese officials promised to raise tariffs on $60 billion of American imports following the U.S. increase on $200 billion of Chinese goods from 10% to 25% on Friday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd nowhere was the selling more pronounced than in tech names like AMD stock.The tech-heavy NASDAQ tumbled 3.41%. Meanwhile, the Vaneck Vectors Semiconductor ETF (NYSEARCA:SMH) fell by 4.64%. AMD stock shed an outsized 6.15%. That was enough to allow AMD to share the top spot for worst performance among large-cap semiconductors with peers Nvidia (NASDAQ:NVDA) and Maxim Integrated (NASDAQ:MXIM). * 10 Retirement Stocks That Won't Wilt in a Bear Market As a group, chip companies maintain an inordinate amount of revenues tied to China. Needless to say, with China manufacturing a good chunk of the end products semiconductors are used in, as well as being a massive consumers of those products as well, those sales are perceived as being increasingly at risk in today's escalating trade war.But is it really all that bad in AMD stock? As an investor I don't see it that way, despite the financial media's well-vocalized and distributed fear mongering that make the bear case seem inevitable. Sure, the trade war could get uglier. And that could negatively impact Advanced Micro Devices. But a trade agreement isn't exactly off the table, and conditions could quickly become bullish.In an uncertain environment, with AMD's recent earnings topper in hand, a big $600 million U.S. Department of Energy contract win last week and a price chart still looking very supportive for bulls, it's time to focus on going long, not giving up on AMD stock. AMD Stock Weekly Chart Click to EnlargeAre conditions perfect for this sort of bullish enthusiasm in AMD stock given the market's amazing run from last December's 'the sky is falling' trade war-driven lows? Personally, I'd want to see more investor unease or outright panic before I'm convinced buying shares outright on weakness will result in a profitable position. So, I have something else in mind.Barring more extreme market behavior, which might still happen, there's still a way to prepare for buying AMD stock smartly at nearby prices that is less of a guessing game and one which stacks the odds in our favor.The strategy I'm recommending is to buy AMD stock using the weekly chart and waiting for modest upside confirmation of strength. This is accomplished by purchasing shares above last week's high of $28.10. Given AMD's fairly well-supported and behaved consolidation of the past six to seven weeks, as long as last week's low of $26.03 holds, this allows investors to buy shares as the pattern's low is confirmed.Bottom line, despite an entry in a notoriously volatile stock, this strategy isn't likely to trigger unless the market is actually picking up the pieces rather than scrambling to buy more technically oversold stocks like Apple (NASDAQ:AAPL) or Intel (NASDAQ:INTC). The intention is to avoid buying AMD stock during a one or two day dead cat bounce which ultimately fails. And right now that looks like smart business and certainly smarter than trying to catch a potential falling knife.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Advanced Micro Devices (AMD) and its derivatives but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post How, When and Why to Buy AMD Stock in Todayas Market appeared first on InvestorPlace.
- SmarterAnalyst•4 days ago
AMD Is a Supercomputer Maker, But Not a Super Stock
“Super” isn’t cutting it for some. Advanced Micro Devices (AMD) last week made headlines with word that the company, alongside Cray, have been selected by the US Department of Energy to develop the world’s fastest supercomputer. Though a great piece of PR, many suggest that this does little for AMD’s long term, as revenue would not drastically rise from this one project. One of these believers is Deutsche Bank analyst Ross Seymore.Amid the supercomputer news, Seymore maintained his Hold rating on AMD stock with a price target of $25, which implies 8% downside from current levels. As always, we like to give credit where credit is due. According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, Seymore has a yearly average return of 25.9% and an 80% success rate. Seymore is ranked 26 out of 5,192 analysts.The AMD-Cray supercomputer — called ‘Frontier’ — will be the fastest in the world. The computer is expected to be ready in 2021, with performance of 1.5 quadrillion calculations per second — this is equal to the next 160 fastest supercomputers, and will take up more than 7,000 square feet of space. AMD will supply both the CPUs and GPUs for the project. The size of the project and contract gives AMD significant bragging rights, but Seymore says its “financial benefits...may not be significant.” At $600 million, it is the “the largest contract awarded to date by the Dept. of Energy, but still is only a fraction of AMD’s annual revenue of almost $7 billion. So while a nice additional sum, not large enough to significantly move AMD — nor is this a new long-term revenue stream.Even though financially AMD isn’t gaining significantly, Seymore believes the company will grow through “the reputational endorsement” regarding its performance prowess. He says increased trust in AMD “could flow to other large datacenter/PC OEMs who remain dubious on moving more CPU/GPU allocation to AMD.” As one large client shows trust in AMD, Seymore believes this will contribute to pushing others, too. While The supercomputer is a major bump for AMD’s brand, more importantly it adds to the company’s growing product line. Later this year, AMD is expected to release its 7nm chips for the PC and server markets, which is expected contribute greatly to performance, especially as rival Intel continues to see challenges with its 10nm chips. As AMD continues to innovate, it is expected to continue to eat up market share from Intel (INTC)TipRanks analysis of 21 analyst ratings echoes the positive sentiment, with a a consensus Moderate Buy rating on 13 Buys, seven Holds and one Sell. The $30.76 average price target represents a 17% increase from the stock is currently trading.If you liked this analyst news article on AMD, you should check out the Top Nasdaq Stocks section on Smarter Analyst. Read more on AMD: * Another Big Win for Advanced Micro Devices (AMD) Stock * Here’s Why Susquehanna Is Neutral on Advanced Micro Devices (AMD) Stock * AMD Stock Earnings: The Upside Opportunity Outweighs the Risk More recent articles from Smarter Analyst: * Gene Munster: Key Takeaways From Nvidia (NVDA) Earnings * Trade War? Top Analyst Says Alibaba (BABA) Stock Still a Buy * The Green Organic Dutchman (TGODF) Stock -- Not Sinking Exactly, But Not Sailing Anywhere Fast * Is Boeing (BA) Stock a Buy Ahead of FAA Announcement?
Market Realist•5 days agoJim Cramer Urges Trump to Stop Tweeting: Stock Impact
Jim Cramer Urges Trump to Stop Tweeting: Stock ImpactThe US stock market sell-offYesterday, the broader-market sell-off intensified after China announced more tariffs on US imported goods worth $60 billion. On Monday, the S&P 500 Index, the
- Zacks•5 days ago
Will Weak Datacenter Market Hit NVIDIA's (NVDA) Q1 Earnings?
Waning datacenter segment is likely to bother NVIDIA's (NVDA) first-quarter fiscal 2020 results.
