Advanced Micro Devices (AMD) has been trending due to various factors including competition with its rivals, market performance, earnings reports and its foray into AI and data centers. AMD faces stiff competition from
Nvidia and
Intel, but they have been generating positive traction with their performance indices. AMD's stock witnessed several fluctuations in recent weeks from gaining 3.1% to declining by 0.8%. Nonetheless, it managed to pull off impressive growth over the past decade thereby attracting foreign investors. A bullish outlook is also shared by renowned investor,
Jim Cramer and
Goldman Sachs. AMD’s AI sales are projected to double by 2025 but an ‘uneventful’ AI event raises some concerns about the bull case. AMD is powering data centers with its cutting-edge semiconductors and they are set to announce Q3 earnings. Investors are also interested in the potential of AMD’s AI chips to compete with Nvidia's Blackwell chips. The stock has had some misses against market expectations, though some entities such as
Eastern Bank and
Little House Capital LLC increased their stakes., while
Moody Lynn & Lieberson LLC and
Lake Street Private Wealth LLC reduced theirs.
Advanced Micro Devices AMD News Analytics from Sun, 04 Aug 2024 07:00:00 GMT to Sat, 26 Oct 2024 11:18:41 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -4
