Should I Buy Advanced Micro Devices Inc. (AMD) stock as it soared to $76.83 today? Is it best stock to buy?
Latest price action
Advanced Micro Devices Inc. (AMD) soared on May 11, 2021. Its latest stock price is $76.83 indicating change of 1.1%.
About 49,923,610 shares exchanged hands on May 11, 2021 for Advanced Micro Devices Inc. (AMD), compared with an average daily volume of 50,596,553 shares.
Daily price range
After opening the trading day at $73.39, shares of Advanced Micro Devices Inc. traded within a range of to .
52 weeks price range
In the last 52 weeks, shares of Advanced Micro Devices Inc. has gone down to $48.42 marking it 52 week low and gone up at $99.23 indicating it 52 week high. Its year till date change is -16.04%.
Shares of Advanced Micro Devices Inc. is currently trading at $76.83 indicating P/E ratio of 32.15 .
More Financial Data
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About Advanced Micro Devices Inc.
For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies - the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible.
Recent AMD News
Tue May 11 18:11:32 UTC 2021
Benzinga: Intel Launches New Mobile Processors Meant For Gaming Laptops: What You Need to Know
Intel Corporation (NASDAQ: INTC ) launched a new generation of mobile processors Tuesday as it grapples with a competitive threat from rival Advanced Micro Devices, Inc. (NASDAQ: AMD ). What Happened: In a worldwide launch, Intel released its 11th generation core processors, codenamed Tiger Lake-H, which is being led by the flagship core i9-11980HK processor. The H-series processors, according to the company, are an extension of its 11th generation mobile family. It comes with double-digit single-core and multi-core performance improvements, leading gameplay, direct-attached storage and ? Full story available on Benzinga.com
Thu May 06 14:27:58 UTC 2021
Benzinga: AMD Is Firing On All Cylinders But Its Profitability Depends On Lean Operations
On April 27 th after market close, Advanced Micro Devices (NASDAQ: AMD ) posted a strong earnings report giving Intel (NASDAQ: INTC ) at least three reasons to worry. It managed to beat earnings and revenue while meeting gross margin expectations, its key metric. AMD's numerous product launches over the last several months are now paying major dividends for the company that is enjoying high demand, being a poster child for the current chip shortage. However, even after selling over 3.4 billion dollars' worth of chips during the first quarter, it's still not enough. Q1 Figures For the first quarter of 2021, AMD reported $3.45 billion in revenue, topping analyst estimates and rising 93% YoYcompared to last year's quarter where revenue amounted to only $1.79 billion and it was the company's best first quarter in a decade. The stunning jump was made thanks in large part to standout performance by the company's Enterprise, Embedded and Semi-Custom segment that includes server and embedded processor, semi-custom System-on-Chip (SoC), and game console technology development businesses.
Wed May 05 13:46:14 UTC 2021
Business Insider: Remote work, bitcoin miners, and overordering have led to a PC parts shortage that's driving up prices for everyday electronics ? and likely to last into 2022
Summary List Placement Supply shortages are nothing new in the tech industry, and we seem to go through the same issue every few years. But a beyond-perfect storm has added up to a significant supply shortage in the PC market that likely isn't going to clear up anytime soon. For consumers, there's no good outcome: At best it means waiting a long time to get parts or systems, at worst, paying a much higher price than you would have a year or two ago. In early 2020, factories across Asia shut down due to COVID-19. Wuhan, China, is known as a hub for the makers of LED panel displays , but other components came from elsewhere ? semiconductors come primarily from Taiwan and Korea, for example. Then the disease spread and factories couldn't produce at full capacity ? or anything at all. As the virus spread around the world, so did the components shortages, with factories in Japan, South Korea, Malaysia, the Philippines, and Indonesia unable to produce or ship parts. But while factories finally started reopening last summer, there's still a market shortage.
Tue May 04 14:54:00 UTC 2021
Business Insider: GOLDMAN SACHS: Buy these 24 high-growth stocks that are investing in cash cows for the future at the highest rates in the S&P 500
Summary List Placement Investing in growth stocks can be a difficult game at the moment. Many have unthinkably high valuations thanks to things like low interest rates and heightened speculation, raising questions about how long their outperformance can last going forward. On the other hand, investing solely based on valuation isn't always necessarily the best approach either. Another way to identify companies that could do well in the future is by looking at how much they're investing in themselves and planting the seeds of future growth. In a recent note, a team of analysts at Goldman Sachs did just that, and came up with a list of firms outperforming the S&P 500 average in terms of investment for the future. To do so, they looked at how much a firm is investing in the future as a percentage of their operating cash flow while also factoring in asset depreciation. "High capex spending by itself can be a flawed measure of investment for future growth since many firms operate in asset-heavy industries and may barely invest at a rate faster than assets are depreciating," Goldman's Chief US Equity Strategist David Kostin said in the Monday note.
Mon May 03 21:39:52 UTC 2021
Benzinga: Tesla, AMD And Amazon Lead The Nasdaq Lower Monday
U.S. indices were trading higher Monday as May trading begins and as investors await earnings reports this week. However, the Nasdaq fell for the day as several technology companies were trading lower, potentially amid a rotation out of the space and into reopening-related sectors. Investors also continue to weigh recent earnings reports in the sector. The Invesco QQQ Trust Series 1 (NASDAQ: QQQ ) closed lower by 0.53% at $336.19. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA ) finished higher by 0.64% at $341.11. The SPDR S&P 500 ETF Trust (NASDAQ: SPY ) closed higher by 0.22% at ? Full story available on Benzinga.com
Exxon Mobil and Advanced Micro Devices are the two names with possible buy setups.
Thu Apr 29 13:36:31 UTC 2021
The Street: Semiconductor Watchlist: AMD Is Dominating the Semiconductors - TheStreet
See buy or sell recommendations for Nvidia, Qualcomm, NXP, Broadcom, Taiwan Semiconductor, Intel, and more semiconductor stocks.
Wed Apr 28 18:35:53 UTC 2021
The Street: Stock Market Today With Jim Cramer: Buy AMD - TheStreet
Jim Cramer discusses the latest stock market news including how to trade AMD, meme stocks AMC Entertainment and Microvision and markets on Wednesday.
Wed Apr 28 15:52:26 UTC 2021
Benzinga: AMD Analysts Confident of Continued Share Gains, Execution Following Chipmaker's Q1 Beat
Advanced Micro Devices, Inc. (NASDAQ: AMD ) reported Tuesday with strong quarterly results and lifted its full-year guidance. The AMD Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on AMD shares and increased the price target from $100 to $110. The analyst named the stock as the firm's top computing pick. Oppenheimer analyst Rick Schafer maintained a Perform rating. Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and hiked the price target from $105 to $107. Jefferies analyst Mark Lipacis maintained a Buy rating and $110 price target. Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating and $135 price target. Raymond James analyst Chris Caso reiterated an Outperform rating and increased the price target from $100 to $110. BofA Says AMD On Track For Long-Term Earnings Power: BofA now sees path to over $4 in long-term earnings per share, premised on 25%-plus market share in a growing $70 billion-plus computing market, Arya said in a Wednesday note.