Our previous analysis set a target price of $160 for Advanced Micro Devices, Inc. (NASDAQ: AMD ), which it has now achieved. We remain bullish due to AMD’s aggressive push into AI hardware with the Instinct MI300X accelerators andYiannis 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 Globa ...

Advanced Micro Devices (AMD) shares gained 4.94% to close at $170.9 on Friday, following impressive semiconductor sales data for August. The Semiconductor Industry Association reported a 3.5% month-over-month increase and 20.6% year-over-year growth in global semiconductor sales, which hit $53.1 billion, the highest ever recorded for August. AMD’s chip peers — NVIDIA (NVDA) , Intel (INTC) and Broadcom (AVGO) — also rose 1.68%, 1.48% and 2.76%, respectively, following the strong sales data.  In the past one- ...

Most companies are gearing up to announce their Q3 2024 earnings reports, which are likely to influence investor interest in their respective stocks, with an artificial intelligence (AI) tool offering insights on entities likely to stand out.Indeed, recent quarters have seen companies that ventured into the AI space dominate the market and remain among the highly watched ahead of the earnings season.To this end, Finbold consulted OpenAI’s o1 tool to pick two AI stocks investors should consider buying amid t ...

Key TakeawaysAdvanced Micro Devices is gearing up to showcase new tech at its 2024 Advancing AI event on Thursday.The company is expected to showcase its Instinct GPU accelerators and EPYC server processors at the event.Analysts said the event could be a "catch-up" catalyst for AMD in the AI accelerator market. Advanced Micro Devices (AMD) is gearing up to showcase new tech at its 2024 Advancing AI event on Thursday, which Bank of America analysts said could be a "catch-up catalyst" for the chipmaker. AMD i ...

Advanced Micro Devices, Inc. (AMD, Financial)'s stock has surged by 22.61% year-to-date, despite facing short-term headwinds on its first semester's report. This uptrend is believed to continue. Here are the recent developments with AMD:AMD has launched its EPYC Embedded 8004 series processors, designed for low-power applications like embedded networks and industrial servers. These processors offer a range of configurations and improved energy efficiency, making them suitable for cost-sensitive environments ...

Excitement is building for AMD's upcoming AI event.Shares of Advanced Micro Devices (AMD 4.69%) were moving higher last month as the result of a number of news items, the Federal Reserve's 50-basis-point cut, and a general tailwind in the semiconductor sector.According to data from S&P Global Market Intelligence, the stock finished the month up 10%. As you can see from the chart below, the stock's movement mirrored that of the VanEck Semiconductor ETF, but it gained at a higher rate, showing that while it w ...

If you like what you have just read and want to receive at least 4 exclusive stock tips every week focused on Pharma, Biotech and Healthcare, then join me at my marketplace channel, Haggerston BioHealth . Invest alongside the model portfolio or simply access the investment bank-grade financial models and research. I hope to see you there.I last covered 4D Molecular Therapeutics (NASDAQ: FDMT ) in a deep dive note for Seeking Alpha back in July, when the Emeryville, California based biotech's share price too ...

In our previous analysis , we highlighted the competition between Advanced Micro Devices, Inc. (NASDAQ: AMD ) and Intel in the CPU market, with AMD having seen significant growth in desktop CPUs, narrowing the performance gap and increasing its market share, and similarlyKhaveen Investments is a Macroquantamental Hedge Fund managing a portfolio of globally diversified investments. With a vested interest in hundreds of investments spanning diverse asset classes, countries, sectors, and industries, we wield a ...

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After a 21% price gain following my August analysis of the company, AMD (NASDAQ: AMD ) (NEOE: AMD:CA ) is an overvalued growth stock with the potential for a 20%+ market cap growth in the next 12 monthsOliver Rodzianko is an investment analyst specializing in the technology sector, with a focus on artificial intelligence, semiconductors, software, and renewable energy. He has earned a strong reputation on Seeking Alpha, where he is frequently featured in the platform’s "Must Reads." His work is also syndica ...