In this video, I will discuss recent updates impacting Taiwan Semiconductor Manufacturing (NYSE: TSM), Advanced Micro Devices (NASDAQ: AMD), and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below.
Large-cap stocks are a staple in almost every portfolio. They are well-established, have more analyst coverage, and frequently pay dividends, all undeniably significant benefits that make them so popular among investors.
I felt a little nostalgic this morning, looking back at my earliest days as an investor. Advanced Micro Devices (NASDAQ: AMD) was one of the first stocks I ever bought (as part of a diversified group of seven tickers in October 2000). An avid reader of The Motley Fool, I was read
Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundam
Taiwan Semiconductor (NYSE: TSM) has become one of the most important companies in the world, producing computer chips for Apple, NVIDIA, and even Intel. In this video, Travis Hoium covers the company's incredible margins and shows why the stock is cheap for investors today.
What happened
Advanced Micro Devices (NASDAQ: AMD) shares are up 75.9% through the first six months of this year, according to numbers provided by S&P Global Market Intelligence. The stock was able to overcome a sizable year-over-year dip in first-quarter revenue and lacklust
In this video, I will discuss recent updates impacting Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer
Nvidia's (NASDAQ: NVDA) dominance of the market for data center graphics processing units (GPUs) has supercharged the stock in 2023. Shares of the semiconductor giant have nearly tripled so far this year, which seems justified given how artificial intelligence (AI)-fueled demand
Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options begin trading today, for the September 2024 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 441 days until expiration the newly t
Chip stocks have been enjoying a lot of attention since the generative
artificial intelligence (AI) wave hit the tech world following the launch of
OpenAI’s ChatGPT. Shares of Advanced Micro Devices (
NASDAQ:AMD
) have rallied over 75% year-to-date, as investors are upbeat about AI-led demand for chips. While some analysts are skeptical about AMD due to the dominance of Nvidia (
NASDAQ:NVDA
) in the AI space, others are optimistic about the company’s potential and see continued upside in the stock.
AMD Set to Capture the AI-Induced Demand
Over the years, AMD has successfully grabbed CPU (central processing unit) market share from Intel (
NASDAQ:INTC
). However, when it comes to the GPU (graphics processing unit) market, Nvidia is the clear leader. Based on AI-led demand,
Nvidia guided for around $11 billion in revenue for the fiscal second quarter, which crushed Wall Street’s expectations. The blowout guidance triggered a rally in NVDA, with the stock joining the $1 trillion market cap club.
Last month, AMD’s CEO
Lisa Su provided details about the company’s forthcoming advanced GPU chip (MI300X) for AI applications. The company said that its MI300X chip and CDNA architecture were designed for large language models and other advanced AI applications. AMD expects mass production of MI300X to begin in the fourth quarter.
Following AMD’s new AI chip announcement,
Bernstein analyst Stacy Rasgon stated that while the AI opportunity for companies is in the early stages, AMD’s efforts still seem somewhat late, given that its rival “already has the roadmap, ecosystem, and track record across compute, hardware, software, networking, and application expertise and who is bending the market to their will.”
Rasgon thinks that even if the AI data center's total addressable market worth $150 billion materializes by 2027, it might still be more bullish for Nvidia than others. Rasgon reiterated a Hold rating on AMD with a price target of $80.
Meanwhile,
TD Cowen analyst Matthew Ramsey opined that AMD’s AI event “articulated a clear strategy” for the company to lead and win further market share in the server CPU market. He also noted that AMD highlighted how its diverse portfolio of CPU, GPU, Field Programmable Gate Arrays (FPGA), and networking offerings can be customized for many workloads, including AI inference and training.
On Wednesday,
Northland Securities analyst Gus Richard upgraded AMD stock to Buy from Hold and boosted the price target to $150 from $81.
The analyst acknowledges Nvidia’s dominance in AI, but thinks that AMD’s upcoming MI300X and El Capitan supercomputer could enhance its GPU
revenue in the second half of 2023.
Further, Richard feels that AMD’s open-source software approach “likely reduces NVDA software moat.” He also highlighted that AMD has intellectual property (IP) for AI beyond GPUs.
Is AMD Stock a Buy, Sell, or Hold?
Wall Street’s
Strong Buy consensus rating on AMD stock is based on 22 Buys and seven Holds. The average price target of $136.69 implies 20% upside.
Conclusion
Most Wall Street analysts are bullish about AMD’s growth prospects in data centers, the embedded segment, and generative AI applications. Analysts' average price target indicates further upside in AMD stock.
Disclosure
Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundam
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Triumph Financial Inc (Symbol: TFIN), where a total volume of 1,000 contracts has been traded thus far today, a contract volume which is representative of appro
In this video, I will discuss how Nvidia's (NASDAQ: NVDA) biggest threat might not be Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts ofte
Wall Street ended lower on Wednesday, pulled down by materials and tech stocks. Indexes ended the session with modest losses after the minutes from the last Fed meeting were released. All three major indexes ended in the red.
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