Advanced Micro Devices Inc. (AMD)
AMD Stock Could Pop After Its Q2 Earnings Report on Tuesday
Chip designer Advanced Micro Devices (NASDAQ: AMD ) reports second-quarter (Q2) earnings on July 30 and the stock could move higher as a result. Expectations are lofty heading into the Q2 print.
AMD's Secret Weapon In AI
Advanced Micro Devices, Inc.'s RSI at 40.32 signals it's neither overbought nor oversold, while a downward volume trend suggests weakening. Trading at around $140, the average target is $160. Analysts project Q2 revenue of $5.74 billion, up 7% YoY, with significant growth in the data center segment and AI chip market. AMD's data center revenue hit a record $2.3 billion, driven by AI chips, and is set to grow further with AI-driven PC upgrades.
AMD Is About To Accelerate Their Growth Strategy (Earnings Preview)
Advanced Micro Devices, Inc. is expanding production of their MI300X series GPUs, with the MI325 & MI350 in line to be released in 2025 and the MI400 in 2026. General compute CPUs are set for a strong recovery as signaled by the IT infrastructure companies. This will accelerate growth in tandem with AI infrastructure adoption. AMD's leadership in inferencing can bleed into training with their release of the MI350 series GPU, as it is expected to outperform the Blackwell 200 series GPU.
As AMD earnings near, this is the number that matters most
The key number when Advanced Micro Devices Inc. posts earnings Tuesday afternoon likely won't be in its earnings report.
Nvidia, AMD, Apple and other tech titans must prove that AI investment is boosting earnings
Second-quarter earnings reports are coming from some of the “Magnificent 7” giants and several other big technology companies that have been, and plan to be, part of the AI revolution. Each of these companies has its unique circumstances and challenges that will determine success.
Is AMD Stock A Buy After Chipmaker's AI Product Launch?
Advanced Micro Devices stock has risen on expectations for continued market share gains in processors for PCs and servers.
Should You Buy AMD Stock Before July 30?
AMD is scheduled to report a quarterly financial update that could have huge implications for investors.
Better Artificial Intelligence Stock: AMD vs. Micron Technology
AMD and Micron saw sales of their AI-related products explode, leading to double digit year-over-year revenue growth. AMD's data center division enjoyed an 80% sales jump from a year ago, although some parts of its business are struggling.
Nvidia Stock Could Surge (Another) 259% by 2030. This Artificial Intelligence (AI) Stock Could Soar Even Higher, According to 1 Wall Street Analyst.
Nvidia has been the early beneficiary of the AI revolution. Beth Kindig of I/O Fund argues that while Nvidia stock has much further to run, AMD could outpace its performance over the coming five years.
Forget This All-Powerful AI Stock and Consider Buying Its Underdog Rival Instead in 2024
Shares in AMD have risen nearly 115% since the start of 2023. However, its earnings haven't kept up with its stock growth, making it an overvalued option.
What You Need To Know Ahead of AMD's Earnings Report
UPDATE—July 26, 2024: This article has been updated to reflect more recent analyst estimates and share price information.
AMD Stock Before Q2 Earnings Report: To Buy or Not to Buy?
AMD's second-quarter 2024 results are expected to suffer from sluggish results from the Embedded and Gaming segments, as well as stiff competition from NVIDIA.
