Su, who holds roughly 4.7 million AMD shares, had her net worth increase by $123 million (7.9%) to $1.7 billion on the chipmaker's stock jump.
The share price of American semiconductor giant Advanced Micro Devices (NASDAQ: AMD) is on a bullish run as investors react to the company's projected profit growth.
Advanced Micro Devices shares are getting a boost from its outlook.
Analysts at Bank of America just reiterated a buy rating on Nvidia. The firm says NVDA is well-positioned for healthcare and artificial intelligence.
AMD headlined broader growth among the tech-heavy Nasdaq, which advanced 0.1% early Wednesday. Other gains were posted by Qualcomm (up 1.4%), Micron Technology (1.3%), Adobe (0.9%), Nvidia (0.5%), Intel (0.2%) and Amazon (0.2%).
While the chip maker's investor day left analysts with questions about its chip rollout, AMD's big projections signaled a “clearly confident” company.
Stock futures are higher this morning after the Dow Jones Industrial Average closed at a record high on Tuesday; the House of Representatives is poised to vote on legislation to end the six-week U.S. government shutdown; Advanced Micro Devices (AMD) shares are rising after the chipmaker projected strong revenue growth over the coming years; the White House is reportedly examining measures that could limit the influence of proxy advisers and index-fund managers in shareholder voting; and shares of On Holding are soaring after the sneaker maker posted strong earnings and raised its guidance. Here's what you need to know today.
General Motors (GM) is reportedly pushing suppliers to eliminate China-sourced components, aiming for a complete supply chain shift away from China by 2027. AMD (AMD) projects the AI data center market to reach $1 trillion by 2030, citing unprecedented demand and strong gross margin guidance.
The market has recently absorbed a surge of activity around AI infrastructure buildouts. NVIDIA CEO Jensen Huang proclaimed in September that global AI infrastructure spending could total $3 trillion to $5 trillion by 2030. As we have written before, technology spending today accounts for just 5% of global GDP.
Wedbush analysts on Monday weighed in Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD)'s upcoming Analyst Day, saying they are “less certain that anything we hear will significantly move the needle around forward expectations”. In a note to clients, the analysts wrote that they are expecting AMD to provide information that will better their understanding of the company's product roadmap, financial targets and general industry trends.
Recently, Zacks.com users have been paying close attention to Advanced Micro (AMD). This makes it worthwhile to examine what the stock has in store.
Stock futures are lower this morning following a big tech-fueled rally on Monday amid hopes that the federal government shutdown is set to end soon; the Senate late Monday passed legislation to fund the government through January, sending the measure to the House of Representatives; CoreWeave (CRWV) shares are plunging after its full-year revenue projections came up short of analysts' expectations; and Advanced Micro Devices (AMD) is expected to provide important AI updates at its financial analyst day event. Here's what you need to know today.