Advanced Micro Devices (AMD) has been experiencing fluctuations in stock, with a noticeable dip following its Q3 earnings report. Despite beating expectations, AMD's Q4 guidance did not meet market hopes, inciting a drop in its stock value. However, industry experts such as Jim Cramer and Goldman Sachs maintain a bullish stance on AMD, encouraging investors to buy during these adversities due to AMD's long-term promise. The company's performance in Q3 was largely driven by record data center revenue, primarily due to its AI chip growth. While investors show mixed reactions, a range of bullish and bearish positions have been tallied. Significant developments include unveiling of AMD's Ryzen AI 9 HX 375 Processor, said to outperform Intel’s Core Ultra 7 in AI workloads. AMD's focus on AI growth with GPU advancements is highlighted, signaling potential upside. Moreover, AMD has gained from increased AI Chip Sales outlook for 2024. Despite facing competition from Nvidia and Intel, AMD continues to progress in the AI realm.
Advanced Micro Devices AMD News Analytics from Fri, 06 Sep 2024 07:00:00 GMT to Sat, 02 Nov 2024 16:37:43 GMT -
Rating 4
- Innovation 7
- Information 8
- Rumor 6
