Advanced Micro Devices, Inc.’s Stock Price Soars to $170.90, Marking a Stellar 4.94% Increase

Advanced Micro Devices, Inc. (AMD)

170.90 USD +8.05 (+4.94%) Volume: 44.51M

Advanced Micro Devices, Inc.’s stock price is performing strongly at 170.90 USD, showcasing a significant increase of +4.94% in today’s trading session with a high trading volume of 44.51M. AMD’s stock has also shown an impressive YTD growth of +15.94%, reflecting its robust market position.

Latest developments on Advanced Micro Devices, Inc.

Advanced Micro Devices (AMD) stock price has been on the rise, gaining 10% in September amidst strong growth recovery projections. With Bank of America anticipating a potential boost ahead of an AI event and addressing Ryzen 9000-Series performance issues, AMD has been a trending stock with improved price strength. Analysts have given AMD an average rating of “Moderate Buy,” with CEO Lisa Su highlighting AI PC innovation and a multiyear growth cycle. Despite underperforming competitors, Wells Fargo maintains an overweight rating on AMD as Oracle Cloud deploys MI300X GPUs. As investors debate the potential for AMD to outperform in AI, the stock continues to show promising movements, trading up and receiving reaffirmed buy ratings from Bank of America.

Advanced Micro Devices, Inc. on Smartkarma

Analysts on Smartkarma are bullish on Advanced Micro Devices (AMD) as the company strengthens its CPU market position amidst challenges faced by Intel in data center growth. According to Uttkarsh Kohli, AMD’s success with Ryzen processors has led to a surge in market share, while Intel’s data center revenue declined by 20% due to product delays and competition from AMD’s EPYC processors. Both companies are increasing AI investments to secure future growth in the semiconductor market.

In another report by William Keating, AMD’s acquisition of ZT Systems for $4.9 billion is seen as a strategic move to bolster its AI capabilities in the data center space. The acquisition targets ZT’s expertise in hyperscale solutions, aligning with AMD’s focus on AI Data Center growth. This acquisition positions AMD to compete with industry leaders like NVIDIA in the booming AI infrastructure market, showing a shift in the competitive landscape as AMD scales up while Intel scales down. Analysts expect this move to be financially accretive by 2025, enhancing AMD’s presence in cloud, AI, and enterprise sectors.

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 long-term outlook based on the Smartkarma Smart Scores. While the company scores high in resilience and momentum, with a score of 4 for each, its value and growth scores are more moderate at 3 and 2 respectively. Additionally, AMD’s dividend score is quite low at 1. This indicates that the company may face challenges in terms of dividend payouts and potential for growth in the future.

Overall, Advanced Micro Devices is well-positioned to weather market fluctuations and maintain its momentum in the semiconductor industry. However, investors may want to consider the company’s value and growth potential carefully before making investment decisions. With a diverse range of products and services, AMD continues to serve customers globally with its innovative semiconductor solutions.

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