Recent news updates on Advanced Micro Devices (AMD) present a compound image, with both the marketplace and individual investors undertaking a reevaluation of the company's potential. Analysts adjusted their price targets for AMD following an unexpected earnings result. Predictions now range from a stock slipping to $185 or even rising further to $230. The AI boom has greatly benefited AMD, with expansion expected, particularly within the SMB market, through their latest EPYC 4004 Series. Even more significant is Microsoft's selection of AMD as an alternative to Nvidia AI processors for its cloud customers. Despite this, the company has seen some insider stock selling, hinting at potential caution. Furthermore, Fortis Capital Advisors LLC, GW&K Investment, and TCW Group Inc have all recently increased their AMD stock holdings. While AMD's announcement resulted in a 2.9% drop, the stock had also risen by 2.3% previously, fostering a mixed outlook. However, the overall long-term bet remains lucrative according to AMD stock analysis.
Advanced Micro Devices AMD News Analytics from Wed, 17 Jan 2024 08:00:00 GMT to Sun, 26 May 2024 21:10:10 GMT -
Rating 3
- Innovation 7
- Information 8
- Rumor -1
