AMD has confirmed that it’s laying off 4% of its workforce to focus on “large growth opportunities.” It’s unclear how many workers have been impacted by the reduction — and which divisions. AMD had roughly 26,000 employees as of last year, according to the company’s annual 10-K filing. Four percent would translate to approximately 1,000. “As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps,” an AMD spokesperson told CRN. “We are committed to ...

If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market to start November, consider joining Out Fox The Street .Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and d ...

This diverse group of companies has positioned itself for considerable gains over time.When looking for growth stocks, it may feel like investors have missed the boat. Growth names such as Nvidia and Amazon are close to all-time highs, and when high-profile investors like Warren Buffett attract attention for selling stocks, one can forgive an investor for concluding that the bull market might be over.Nonetheless, other well-known investors have bought stocks in recent weeks, and many stocks either never rec ...

I have worked in the technology sector for over 4 years. This included working with industry stalwarts like IBM. I have done my MBA in finance and have been covering various blue chip stocks for the past 6 years. Having hands-on knowledge in the technology sector has helped me gain valuable insights into the ups and downs of this sector and predict winners and losers more accurately.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plan ...

The AI tailwind can continue to propel these quality stocks in the long run.Artificial intelligence (AI) is touted as one of the most important themes on Wall Street, and the technology sector continues to be a major beneficiary of this trend. Many AI-powered stocks have seen significant upward price movements in the past couple of years. Since AI technologies are driving a paradigm shift across sectors, companies leveraging them will continue to see share prices grow in the long run.Since 2008, the U.S. st ...

Dublin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- The "Age-Related Macular Degeneration (AMD) Drugs Market by Product (Lucentis, Eylea & Eylea HD, Vabysmo, Syfovre), Molecule (Ranibizumab, Aflibercept, Faricimab), Approval Type (Biologic, Biosimilar), Type of AMD, End User - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The Age-Related Macular Degeneration (AMD) Drugs market is projected to reach USD 17.37 Billion by 2029, growing from USD 10.46 Billion in 2024, at a CAGR of ...

Since our last coverage , Advanced Micro Devices, Inc. (NASDAQ: AMD ) has retreated to $140, entering our buying zone. I have taken this opportunity to double down on my position, with AMD’s technical target at $196, with strong supportYiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA ...

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AMD's numbers weren't bad last quarter, and they could get a whole lot better next year.Advanced Micro Devices (AMD 3.25%), also known as just AMD, reported earnings recently that didn't seem to impress investors, even though its numbers weren't bad at all. The stock is down 16% since it released its quarterly report last week. Investors haven't been all that excited with AMD even before earnings. Despite the seemingly plentiful growth opportunities it possesses, the stock is down 5% this year, while its ri ...

Performance and Market Position - AMD shares lost 17.1% in the past month, underperforming the Zacks Computer & Technology sector's return of 0.9% [1] - AMD shares lagged behind NVIDIA (9.5%) and Intel (4.2%) in the past month [1] - AMD's near-term prospects are dull due to weakness in the Embedded segment and stiff competition from NVIDIA [13] Financial Estimates and Growth - AMD expects Q4 2024 revenues of $7.5 billion (+/-$300 million), representing YoY growth of 22% and sequential growth of 10% [2] - The Zacks Consensus Estimate for Q4 2024 earnings is $1.06 per share, down 2.8% over the past 30 days, suggesting 37.66% YoY growth [4] - The consensus mark for Q4 2024 revenues is $7.51 billion, indicating 21.82% YoY growth [4] - The Zacks Consensus Estimate for 2024 earnings is $3.30 per share, down 1.8% over the past 30 days, suggesting 24.53% growth from 2023 [5] - The consensus mark for 2024 revenues is $25.66 billion, indicating 13.16% growth from 2023 [5] Segment Performance - AMD expects strong sequential growth in Data Center, Client, and Gaming segments [3] - YoY, Data Center and Client segment revenues are expected to increase significantly, while Embedded and Gaming segment revenues are expected to decline [3] Semiconductor Industry Trends - Global semiconductor sales grew 23.2% YoY in Q3 2024, reaching $166 billion [6] - WSTS projects global semiconductor sales to reach $611.2 billion in 2024, a 16% increase from 2023 [8] - IDC expects more than 20% YoY growth in 2024 semiconductor sales, driven by AI chips and smartphone demand recovery [9] - WSTS expects global semiconductor sales to grow 12.5% in 2025, reaching $687.4 billion [9] Strategic Initiatives and Acquisitions - AMD's public cloud instances increased 20% YoY to over 950 in Q3 2024, with deployments by Microsoft, AWS, Uber, and Netflix [7] - Meta Platforms employs over 1.5 million EPYC CPUs globally [7] - AMD acquired Silo AI and ZT Systems for $4.9 billion to strengthen its AI ecosystem and data center AI footprint [10][11] - AMD expanded its footprint among energy, technology, and automotive companies, including Airbus, FedEx, HSBC, and Walgreens [12] - AMD launched new products like the Instinct MI325X accelerator, Ryzen AI 300 Series, and Ryzen 9000 Series processors [12] Valuation and Investment Outlook - AMD stock is overvalued with a forward 12-month Price/Sales of 7.34X compared to the sector's 6.01X [14] - AMD has a Zacks Rank 3 (Hold), suggesting it may be wise to wait for a more favorable entry point [14]