Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Is AMD stock worth buying after Q1 earnings? By: Invezz May 01, 2024 at 10:17 AM EDT A post-earnings dip in Advanced Micro Devices Inc (NASDAQ: AMD) is an opportunity to buy a quality name at a discount, says a Barclays analyst.AMD stock is well positioned after Q1 earningsShares of AMD are down some 7.0% at writing after the chipmaker issued in-line guidance for its current financial quarter.Still, Blayne Curtis reiterated his “overweight” rating on the semiconductor giant this morning that he continues to see as well positioned after its Q1 earnings report. In all, AMD remains one of the best positioned names in AI coupled with an improving core business.Note that AMD stock is now down about 30% versus its year-to-date high.Watch here: https://www.youtube.com/embed/PNl5hTg6x6c?feature=oembedAMD stock to benefit from AI tailwindsAMD now expects to sell about $4.0 billion worth of AI chips in 2024 now that giants including Oracle, Meta Platforms, and Microsoft are already using its MI300X accelerator.The Nasdaq-listed firm had previously guided for $3.5 billion in full-year artificial intelligence chips sales. In comparison, its bigger rival Nvidia Corp, however, stands at over $18 billion in sales – most of which come from AI chips.That is perhaps why analysts at HSBC did lower their price objective on AMD stock slightly to $220 on Wednesday. But their new target still suggests a whopping 50% upside from here.Late last year, Advanced Micro Devices bought Nod.AI to expand its footprint in artificial intelligence as Invezz reported here.The post Is AMD stock worth buying after Q1 earnings? appeared first on Invezz Related Stocks: Adv Micro Devices Bio-Techne Corp C3.ai, Inc. Liberty All Star Equity Fund Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Is AMD stock worth buying after Q1 earnings? By: Invezz May 01, 2024 at 10:17 AM EDT A post-earnings dip in Advanced Micro Devices Inc (NASDAQ: AMD) is an opportunity to buy a quality name at a discount, says a Barclays analyst.AMD stock is well positioned after Q1 earningsShares of AMD are down some 7.0% at writing after the chipmaker issued in-line guidance for its current financial quarter.Still, Blayne Curtis reiterated his “overweight” rating on the semiconductor giant this morning that he continues to see as well positioned after its Q1 earnings report. In all, AMD remains one of the best positioned names in AI coupled with an improving core business.Note that AMD stock is now down about 30% versus its year-to-date high.Watch here: https://www.youtube.com/embed/PNl5hTg6x6c?feature=oembedAMD stock to benefit from AI tailwindsAMD now expects to sell about $4.0 billion worth of AI chips in 2024 now that giants including Oracle, Meta Platforms, and Microsoft are already using its MI300X accelerator.The Nasdaq-listed firm had previously guided for $3.5 billion in full-year artificial intelligence chips sales. In comparison, its bigger rival Nvidia Corp, however, stands at over $18 billion in sales – most of which come from AI chips.That is perhaps why analysts at HSBC did lower their price objective on AMD stock slightly to $220 on Wednesday. But their new target still suggests a whopping 50% upside from here.Late last year, Advanced Micro Devices bought Nod.AI to expand its footprint in artificial intelligence as Invezz reported here.The post Is AMD stock worth buying after Q1 earnings? appeared first on Invezz Related Stocks: Adv Micro Devices Bio-Techne Corp C3.ai, Inc. Liberty All Star Equity Fund