Advanced Micro Devices, Inc.’s stock price dips to $103.96, down by 3.84%: Is now the time to buy?

Advanced Micro Devices, Inc. (AMD)

103.96 USD -4.15 (-3.84%) Volume: 38.67M

Advanced Micro Devices, Inc.’s stock price stands at 103.96 USD, experiencing a dip of -3.84% in this trading session with a trading volume of 38.67M, marking a year-to-date percentage change of -13.35%, reflecting the company’s dynamic stock market performance.

Latest developments on Advanced Micro Devices, Inc.

Advanced Micro Devices (AMD) has been making headlines recently with a series of significant events that have impacted its stock price. From reshaping its strategy with a $4 billion data center asset sale while focusing on GPUs to partnering with Kalyani Powertrain to revolutionize India’s server market, AMD has been making strategic moves to drive growth. Executives receiving bonuses following a strong 2024 performance and discussions about selling data center manufacturing plants valued at $4 billion have also caught investors’ attention. Despite hitting a 52-week low at $106.43 amid market shifts, smart money is betting big on AMD options, with expectations of explosive growth ahead. With news of Quantum Leap unveiling and OpenAI’s research hinting at explosive growth potential, investors are closely watching as AMD continues to navigate the changing tech landscape.

Advanced Micro Devices, Inc. on Smartkarma

Analysts on Smartkarma have been closely monitoring Advanced Micro Devices (AMD) as it reported fourth-quarter revenue of $7.7 billion, a 24% increase year-over-year. Baptista Research highlighted strong growth in the data center and client segments, with the data center segment delivering $3.9 billion in revenue, up 69% year-over-year. However, the segment missed analyst expectations, leading to questions about AMD’s AI bet. On the other hand, William Keating remains optimistic about AMD’s future despite challenges in the data center GPU growth. Keating believes that AMD must improve its ROCm to effectively compete with NVIDIA and expects better performance in the upcoming quarters.

Nicolas Baratte’s analysis focuses on AMD’s 4Q24 performance, highlighting margins improvement and an impressive AI GPU roadmap for 2025. Baratte sees a buying opportunity in AMD’s stock correction, emphasizing the CEO’s bullish outlook on Data Center AI revenue growth. Meanwhile, Travis Lundy discussed the MarketVector US Semiconductor Index rebal results, indicating no changes but expecting significant one-way flow in December 2024. With different perspectives from analysts like Keating, Baratte, and Lundy, investors are closely watching AMD’s developments and market dynamics to make informed decisions.

A look at Advanced Micro Devices, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Advanced Micro Devices, Inc. (AMD) has a mixed outlook according to Smartkarma Smart Scores. While the company scores well in terms of resilience and growth, with scores of 4 and 3 respectively, it falls short in the dividend category with a score of 1. The value and momentum scores stand at 3 each. This indicates that AMD may face challenges in providing dividends to its investors, but shows promise in terms of long-term growth and stability.

Despite some areas of concern, Advanced Micro Devices, Inc. (AMD) remains a strong player in the semiconductor industry. With a focus on producing a wide range of semiconductor products and devices, including microprocessors and graphics products, the company continues to serve customers worldwide. The Smartkarma Smart Scores provide a snapshot of AMD’s overall outlook, highlighting key areas where the company excels and where it may need to improve in order to maintain its competitive edge in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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