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Advanced Micro Devices, Inc. faces continued near-term price correction, with a likely pullback to the $190-$200 range after its Q3 earnings report. Technical indicators, including expanding volume and widened Bollinger Bands, suggest continued selling pressure and increased volatility for AMD shares. Even at a ~$200 share price, AMD would still trade at a premium 50x forward P/E.
The futures trade lower on Friday as we prepare to end a brutal week for stocks that saw some of the most significant spikes in volatility since earlier this year.
AMD's stellar Q3 results, upgraded outlook, and major AI deals with OpenAI and Oracle highlight growth momentum but raise valuation concerns.
Advanced Micro Devices investors have become harder to impress.
AMD Inc. (AMD) saw a slight rebound after Tuesday's postmarket earnings sell-off. Matthew Bryson attributes some of the stock weakness to a lack of "A.I.
Advanced Micro Devices' Q3 revenues jump 35.6% year over year, powered by booming Data Center demand and strong Client and Gaming growth.
AMD's Q3 beat & AI supercomputer deals signal strong growth, but Amazon's exit makes investment in diversified ETFs like SOXX and IGPT a smart move.
Advanced Micro Devices Inc (NASDAQ:AMD) stock is down 0.9% to trade at $247.75, despite the chipmaker posting third-quarter earnings of $1.20 per share on $9.25 billion in revenue -- both of which beat estimates.
Advanced Micro Devices delivered strong Q3 results, beating consensus on EPS and revenue, but shares dipped on AI bubble fears and market sentiment. AMD's investment thesis is reinforced by robust data center, client, and gaming segment growth, with positive guidance for Q4 and a promising AI product roadmap. Despite valuation concerns, AMD's execution, market share gains from Intel, and deep hyperscaler partnerships support a long-term buy rating after recent consolidation.
While Advanced Micro Devices' downward stock move on Wednesday may not suggest it, the chip maker passed Wall Street's test with its latest earnings report and commentary. Now investors are hungry for more substantial information, which could come next week at the company's analyst day.
Stock futures are moving lower in early-Wednesday trading as investors continue to parse earnings reports and digest heightened worries over AI stock valuations; market watchers are monitoring Washington, with lawmakers still working to end the shutdown and investors watching for private-sector jobs numbers later today; Advanced Micro Devices (AMD) shares are falling after the chipmaker reported record revenue on strong data center sales; Super Micro Computer (SMCI) shares fell after its earnings report missed estimates; Pinterest (PINS) shares are plummeting after its earnings came in worse than expected.