Tag: AMD

  • Advanced Micro Devices Could Test $200 Near-Term

    Advanced Micro Devices Could Test $200 Near-Term

    AMD is a strong buy, we noted on October 31. Still is. At the time of our note, AMD traded at just $98.50. Today, it’s up to $146.18, and could soon retest its $150 high. From there, we’d like to see AMD test $200, which we believe could happen this year with the artificial intelligence…

  • This is Why AMD is Still a Strong Buy Heading into 2024

    This is Why AMD is Still a Strong Buy Heading into 2024

    As we noted on Oct. 31, “Advanced Micro Devices is a strong buy.” Still is, in our opinion. Granted, guidance was soft in its last earnings report. However, “AMD is one of the few chipmakers capable of making the kind of high-end graphics processing units (GPUs) needed to train and deploy generative artificial intelligence models,”…

  • Why Advanced Micro Devices is a Strong Buy

    Why Advanced Micro Devices is a Strong Buy

    Keep an eye on Advanced Micro Devices (AMD). While it did beat earnings estimates, guidance for the fourth quarter was soft. For the quarter ended September, the company posted adjusted EPS of 70 cents, which beat estimates for 68 cents. Revenue of $5.8 billion was also above estimates of $5.7 billion. Moving forward, AMD expects…

  • Advanced Micro Devices (AMD) Could Race to Higher Highs

    Advanced Micro Devices (AMD) Could Race to Higher Highs

    Advanced Micro Devices (AMD) could push aggressively higher. After a rough few days, the stock appears to be bottoming out. In fact, it’s now oversold on RSI, MACD, and Williams’ %R.  From a current price of $105.45, we’d like to see it test $120 again shortly.  Helping, Raymond James just said the AMD stock is a strong…

  • Advanced Micro Devices Could See Higher Highs Shortly

    Advanced Micro Devices Could See Higher Highs Shortly

    Advanced Micro Devices (AMD) is back above $100, as hoped. As we noted on December 30, “After starting the year around $151, it sank to a low of about $57.  All thanks to broad market weakness, inflation, fears of recession, price target cuts, plunging PC demand, you name it.  That’s the bad news.  The good…

  • Advanced Micro Devices Could See $100, as Hoped

    Advanced Micro Devices Could See $100, as Hoped

    Advanced Micro Devices (AMD) is on the move again. As we noted on December 30, “After starting the year around $151, it sank to a low of about $57.  All thanks to broad market weakness, inflation, fears of recession, price target cuts, plunging PC demand, you name it.  That’s the bad news.  The good news…

  • Advanced Micro Devices Could Test $100 Again Soon

    Advanced Micro Devices Could Test $100 Again Soon

    Advanced Micro Devices (AMD) is on the move. As we noted on December 30, “After starting the year around $151, it sank to a low of about $57.  All thanks to broad market weakness, inflation, fears of recession, price target cuts, plunging PC demand, you name it.  That’s the bad news.  The good news is…

  • Advanced Micro Devices a Top Stock for 2023

    Advanced Micro Devices a Top Stock for 2023

    Shares of tech giant Advanced Micro Devices (AMD) were crushed this year. After starting the year around $151, it sank to a low of about $57.  All thanks to broad market weakness, inflation, fears of recession, price target cuts, plunging PC demand, you name it.  That’s the bad news.  The good news is the future…

  • It May be Time to Jump Into Advanced Micro Devices Stock

    It May be Time to Jump Into Advanced Micro Devices Stock

    Keep an eye on oversold shares of Advanced Micro Devices (AMD). Oversold on RSI, MACD, and Williams’ %R, the tech stock is showing signs of life at double bottom support.  From a current price of $78.82, we’d like to see it race back to $100, near-term.  Helping, BMO Capital just upgraded the AMD stock to…

  • Weakness in Advanced Micro Devices May be an Opportunity

    Weakness in Advanced Micro Devices May be an Opportunity

    Weakness in Advanced Micro Devices (AMD) may be an opportunity. After dropping from about $120 to $80, the stock is starting to bounce from oversold RSI, MACD, and Williams’ %R.  From a current price of $86.27, we’d like to see AMD again challenge $110 a share, near-term. Helping, JP Morgan analyst Harlan Sur just said…