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Monster insider trading alert for AMD stock; CEO dumps $12 million
Finbold· 2024-08-23 11:54
Notching a considerably weaker performance in 2024 from its rivals in the semiconductor sector, Advanced Micro Devices (NASDAQ: AMD) stock wasn’t troubled with many insider sales during this year.However, after over two months without insider sales, its CEO, Lisa Su, offloaded 80,000 AMD shares worth $12.6 million on August 20.Lisa Su insider sale of AMD stock. Source: SEC AMD stock price chartAMD stock performance in 2024 was marked by significant volatility, experiencing 9.47% year-to-date (YTD) growth. T ...
Should Nvidia Watch Out for AMD Following Its Massive Acquisition of ZT Systems?
The Motley Fool· 2024-08-22 15:36
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Should Investors Buy AMD as It Takes Aim at Nvidia With Its Latest Acquisition?
The Motley Fool· 2024-08-22 11:00
The acquisition of ZT Systems will make AMD a more formidable competitor to Nvidia.Advanced Micro Devices (AMD 0.90%) made a big move on the acquisition front, agreeing to acquire ZT Systems. The move is being made to advance its artificial intelligence (AI) strategy and compete better against rival Nvidia (NVDA 0.98%).Let's take a close look at the deal and how it will help the company moving forward.Becoming a data center end-to-end solution providerAMD will acquire ZT Systems for $4.9 billion in a cash a ...
Is Advanced Micro Devices Stock Going to $200? 1 Wall Street Firm Thinks So.
The Motley Fool· 2024-08-21 18:26
Should you buy the dip on this high-flying AI stock?Soaring demand for Advanced Micro Devices' (AMD 1.28%) data center chips sent the stock to a high of $227 earlier this year. It is currently off those highs -- around $157 -- and offering an attractive entry point, according to Wedbush.The firm maintained an outperform (buy) rating on the stock this week and also kept its price target at $200, representing upside of 27% over the current share price. Wedbush is optimistic about AMD's recent acquisition of Z ...
Is AMD Closing the Gap with Nvidia After its Recent Acquisition?
MarketBeat· 2024-08-21 12:55
Advanced Micro Devices NASDAQ: AMD recently made an important announcement in the firm's efforts to catch up with Nvidia NASDAQ: NVDA in the data center market. The semiconductor company announced that it will acquire the firm ZT Systems in a nearly $5 billion transaction.So how does this purchase affect AMD’s competitiveness in the data center market, and how should this affect investors' views of Nvidia? Before we answer those questions, let's get a broader overview of AMD’s operations and sources of reve ...
Why AMD's $4.9 Billion AI Server Acquisition Makes Sense
The Motley Fool· 2024-08-21 11:35
AMD is getting into the server business to boost its AI chip business.Advanced Micro Devices (AMD 0.72%) finds itself trailing far behind Nvidia in the AI accelerator market. Nvidia has some critical competitive advantages working its its favor. It was the first mover as demand for artificial intelligence (AI) chips exploded, and its CUDA computing platform has become entrenched in academia and industry over the past 18 years.AMD expects to sell more than $4.5 billion worth of AI accelerators this year, wit ...
2 Artificial Intelligence (AI) Stocks to Buy After a Tech Market Sell-Off
The Motley Fool· 2024-08-21 09:20
These companies have enjoyed significant growth from AI and likely have much more to offer investors in the coming years.Artificial intelligence (AI) is by no means a new technology. The term was first coined by mathematician and computer scientist Alan Turing in 1950. Since then, the generative technology has appeared in one form or another for decades. However, advances in tech have only recently made it possible for companies to bring the true concept of AI into reality.The launch of OpenAI's ChatGPT in ...
AMD Appears Primed To Return To Its Recent Highs (Technical Analysis)
Seeking Alpha· 2024-08-20 22:50
nmlfd Last month, Advanced Micro Devices, Inc. (NASDAQ:AMD) was on the verge of breaking out of an extended downtrend. Then, it and the vast majority of semiconductor and AI related equities sustained an extended period of decline that culminated in early August. As it turns out, AMD also touched the bottom of the trading range when the market touched its recent low. Since then, like many other peers, it has substantially appreciated. I believe it is entirely likely that AMD will again test the top of t ...
AMD: Buying The Bear Blitz
Seeking Alpha· 2024-08-20 22:06
sulcs/iStock via Getty Images Advanced Micro Devices, Inc. (NASDAQ:AMD) stock has given up a ton of its value since peaking in March of this year at $227. On the last massive sell down, we guided our members to open buys at $135 and $125. Shares are up nicely in that short time frame, but we see more upside ahead longer-term. Make no mistake, the chip sector, and tech more broadly, has been pressured for many weeks, but has woken back up in the last 8 sessions. After a massive run higher, we are actually st ...
AMD to Present at the Deutsche Bank Technology Conference
GlobeNewswire News Room· 2024-08-20 20:15
SANTA CLARA, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced that Mark Papermaster, executive vice president and chief technology officer, will present at the Deutsche Bank Technology Conference on Wednesday, Aug. 28 at 1:15 pm PT / 4:15 pm ET. A webcast of the presentations can be accessed on the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions o ...