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In today's video, I discuss recent artificial intelligence (AI) updates impacting Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC), and other tech stocks. Check out the short video to learn more, consider subscribing, and click the special offer l

The First Trust Nasdaq Artificial Intelligence and Robotics ETF is seeing unusually high volume in afternoon trading Friday, with over 379,000 shares traded versus three month average volume of about 66,000. Shares of ROBT were up about 1% on the day.

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Market NewsThe broader S&P 500 and the 30-stock Dow ended in the green on Thursday on signs of strength in the economy. This is because initial jobless claims barely changed in the week ending Dec 2 from the prior week, indica

In today's video, I discuss recent AI updates affecting Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below.

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

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Michael Burry was among a small minority of investors who predicted the housing market collapse that preceded the Great Recession. The S&P 500 fell by more than 50% as those events unfolded, erasing trillions of dollars in wealth. But Burry turned a tidy profit. He pocketed $

Advanced Micro Devices ( NASDAQ:AMD ) stock has skyrocketed year-to-date, thanks to the  AI (Artificial Intelligence)-powered rally. However, the company’s management left its 2024 guidance unchanged despite the acceleration in AI opportunities. This raises concern and hints that a rally fueled by AI could lose steam.  But before we dig deeper, let’s understand AMD’s AI opportunity.  AMD – The AI Opportunity According to its CEO, Lisa Su, AI presents a multi-billion-dollar growth opportunity for AMD. Further, the company  recently launched the MI300X accelerator, its AI offering, to compete with Nvidia ( NASDAQ:NVDA ). Adding to these positives, the company announced at its Advancing AI event on Wednesday that top companies like Microsoft ( NASD A Q:MSFT ), Meta Platforms ( NASDAQ:META ), Dell Technologies ( NYSE:DELL ), and other renowned players adopted new AMD Instinct MI300X and MI300A data center AI accelerators for training and inference solutions.  Further, Su added that while AI presents plenty of growth opportunities, the data center accelerator TAM (total addressable market) is expected to grow from the initial $150 billion prediction to over $400 billion by 2027, at a rate of more than 70% annually. All these points indicate that AMD stock will benefit from the AI-led tailwinds. The Concerns Surrounding AMD Stock While the AI TAM outlook has increased, AMD’s management has left the Data Center GPU revenue forecast unchanged for 2024, which raises concern. Speaking at the Barclays Global Technology Conference on December 7, AMD’s  CFO Jean Hu reiterated the earlier guidance and expects the Data Center GPU revenue to surpass $2 billion in 2024.  Highlighting the same, Mizuho Securities analyst Vijay Rakesh said, “There is some investor concern on AMD not raising its AI or overall 2024 outlook despite the higher TAM.” Nonetheless, Rakesh maintained a Buy rating on AMD stock on December 6. However, his price target of $130 indicates a limited upside potential of 1.27% from current levels.  What is the Prediction for AMD Stock? Wall Street analysts are cautiously optimistic about AMD stock. With 25 Buy and nine Hold recommendations, AMD stock has a Moderate Buy consensus rating. Further, the  average AMD stock price target of $129.45 implies 0.84% upside potential from current levels. Bottom Line  The unchanged 2024 guidance despite growing TAM, near-term weakness in the Gaming and Embedded segments, and the significant rally in its share price could limit the upside potential in AMD stock. This is reflected in analysts’ average price target. Disclosure

Shares of Advanced Micro Devices (NASDAQ: AMD) climbed 9.9% on Thursday after the chipmaker launched a line of new large accelerated processing units (APUs) designed to handle AI workloads that could rival similar offerings from Nvidia (NASDAQ: NVDA).

The Nasdaq ended sharply higher on Thursday after Alphabet and Advanced Micro Devices sparked a megacap rally on fresh optimism about artificial intelligence.

The Nasdaq ended sharply higher on Thursday after Alphabet and Advanced Micro Devices sparked a megacap rally on fresh optimism about artificial intelligence.

Tech stocks gained late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.2% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.7%.

Is Nvidia ( NASDAQ:NVDA ) the only artificial intelligence (AI) chipmaker that investors should consider in 2023 and 2024? It might seem that way sometimes, but don't ignore Advanced Micro Devices ( NASDAQ:AMD ). I am bullish on AMD stock because the company just released a slew of announcements to remind everyone that Nvidia has some fierce competition. Advanced Micro Devices, commonly referred to as AMD, is a well-known supplier of microprocessors. Earlier this year, AMD stock rallied sharply, and the company's chief executive officer, Lisa Su, was heralded as a brilliant leader. Then, suddenly, the machine-learning revolution dominated the financial headlines. Nvidia became a darling of the markets for its AI processors, and AMD looked like a second-class AI chipmaker in comparison. Now, however, the tables are turning in AMD's favor. Su is back in the headlines, reminding investors of her company's strong standing as a tech-industry powerhouse. Advanced Micro Devices' Triple-Shot of Announcements Why did AMD stock shoot higher today? It wasn't just luck, as Advanced Micro Devices released not just one but three separate press releases on Wednesday afternoon. Surely, it's not a mere coincidence that all three of the press releases involved AI. It seems that AMD is taking aim at its rival, Nvidia. Here's the rundown. First, AMD showcased its AI-powered hardware solutions at an industry event called Advancing AI. Interestingly, the press release highlighted AMD's AI-compatible hardware for personal computers (PCs). The PC market has been weak during the past few years, but maybe AMD expects a recovery in this area due to the popularity of AI. Next, AMD delivered the details of its Ryzen 8040 Series processors. The company emphasized this processor lineup's utility for content creators and video-game players. Moreover, according to AMD, the new Ryzen 9 8945HS processor offers "up to 64% faster video editing and up to 37% faster 3D rendering than the competition," and "gamers can enjoy up to 77% faster gaming performance." On top of all that, AMD introduced two different hardware models with AI functionalities. The Instinct MI300X accelerators provide "industry leading memory bandwidth for generative AI and leadership performance for large language model (LLM) training and inferencing." In addition, the Instinct MI300A accelerated processing unit (APU) delivers "breakthrough performance" for high-performance computing (HPC) and "AI workloads." Lisa Su's "Eye-Popping" Forecast These announcements are exciting, and they support the argument that Advanced Micro Devices could catch up to Nvidia in the AI processor market. Yet, the most intriguing statement came from AMD's famous CEO, who delivered a forecast that Bloomberg called "eye-popping." I must admit, my eyes did pop when I read Su's prediction. Per Bloomberg, the AMD chief executive believes that the AI chip industry could exceed "$400 billion in the next four years." That figure is more than double the forecast that AMD's management disclosed in August. Instead of trying to resist the AI processor trend, AMD and Su are choosing to compete directly with Nvidia and aggressively advance AI hardware technology. "The truth is we're so early... This is not a fad. I believe it," Su declared. Additionally, per Reuters, Su confidently claimed that AMD has a "significant" supply of AI chips valued at "well above" $2 billion. Thus, it sounds like AMD and Su are fully prepared to threaten Nvidia's dominance in the American AI processor market. Is AMD Stock a Buy, According to Analysts? On TipRanks, AMD comes in as a Moderate Buy based on 24 Buys and nine Hold ratings assigned by analysts in the past three months. The average Advanced Micro Devices price target is $128.77, implying 0.8% upside potential. If you’re wondering which analyst you should follow if you want to buy and sell AMD stock, the most profitable analyst covering the stock (on a one-year timeframe) is Gus Richard of Northland Securities, with an average return of 85.87% per rating and a 91% success rate. Click on the image below to learn more. Conclusion: Should You Consider AMD Stock? Su came out swinging yesterday, and investors should remember that Nvidia isn't the only important AI chipmaker in the U.S. Besides, Advanced Micro Devices is releasing new AI-compatible hardware models that could generate significant revenue. In the final analysis, Nvidia may be an industry leader now, but Advanced Micro Devices is also a worthy contender. Therefore, today's rally in AMD stock is justified, and I am definitely considering a long position in the shares. Disclosure

The Nasdaq surged on Thursday, with Alphabet and Advanced Micro Devices sparking a megacap rally on fresh optimism about artificial intelligence.

The best performing sector as of midday Thursday is the Services sector, higher by 1.1%. Within that group, Kenvue Inc (Symbol: KVUE) and Walgreens Boots Alliance Inc (Symbol: WBA) are two large stocks leading the way, showing a gain of 9.1% and 7.4%, respectively. Among the

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The Nasdaq outpaced other major Wall Street indexes on Thursday as Alphabet shares surged, while investors looked forward to monthly payrolls data for clues on the Federal Reserve's policy actions.