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

Advanced Micro Devices (AMD) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

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

On Wednesday, cloud and enterprise software giant Microsoft (NASDAQ: MSFT) held its Ignite conference, which included a bunch of exciting announcements. Unsurprisingly, many centered on artificial intelligence (AI), where Microsoft is perceived to have an early lead thanks to its

This article was published using a series of cloud-based applications that are hosted in centralized data centers, and you're likely reading it on a mobile device or computer. None of those applications, data centers, mobile devices, and/or computers would be able to provide this

As the tech rally broadens out further, many investors may be inclined to spread their bets beyond the mega-cap darlings that have hogged the headlines for their impressive year-to-date performance. Amid the recent bout of market strength, Wall Street analysts have been quite busy, raising the bar on some tech stocks (such as AMD, SNOW, and MBD) that now seem to have a clearer path higher. In this piece, we'll use TipRanks' Comparison Tool to check out three tech stocks that sport "Strong Buy" ratings from the analyst community. Advanced Micro Devices ( NASDAQ:AMD) Dr. Michael Burry, the man who bet against housing ahead of the Great Financial Crisis, recently revealed that he's betting big against the semiconductor stocks. Indeed, the semiconductor plays, as a whole, have been hot of late, thanks in part to their role in the artificial intelligence (AI) boom. Valuations may have gotten a bit out of hand when it comes to certain chip plays. However, compared to its hotter peers — think Nvidia ( NASDAQ:NVDA ) — AMD looks fairly valued at 8.8 times price-to-sales (P/S), a multiple that's essentially in line with the semiconductor industry average of 8.2 times. As such, I'm staying bullish on AMD. Five-star-rated Roth MKM analyst Sujeeva De Silva, who initiated coverage on AMD stock with a Buy and a $125.00 price target, seems to think AMD still has plenty of AI upside. He's a big fan of the company's MI300X chip and its potential to take meaningful market share. I think De Silva is right on the money to be upbeat on the market-claiming potential of the new chip. Nvidia has been the semiconductor stock to own of late. That said, AMD also deserves to be in the conversation, given its tremendous pipeline of innovations, which may very well be overlooked. Sure, it will be very difficult for any firm to catch up to Nvidia on the front of AI chips and GPUs (graphics processing units) as it looks to get into the CPU game. Still, if there's a firm that may have a good chance of pulling it off, it's AMD under its legendary top boss, Lisa Su. Su defied the odds before, lifting AMD from its ominous depths of 2015 en route to a jaw-dropping quadruple-digit percentage gain. Though the road only gets tougher from here, I believe it's a mistake to think AMD under Su has no chance of giving Nvidia a good run for its money. Beyond its MI300X chip, I'd also look for AMD's coming Arm-based CPU — ARM ( NASDAQ:ARM ) is a firm that licenses chip architecture to third parties — to be a credible challenger to Nvidia and the rest of the CPU pack. It's not just AI that can power AMD higher. The company has a compelling pipeline of innovations that's sure to keep even the market leader on its toes. What is the Price Target for AMD Stock? AMD's a Strong Buy, according to analysts, with 23 Buys and seven Holds assigned in the past three months. The average AMD stock price target of $127.13 implies 6.1% upside potential. Snowflake ( NASDAQ:SNOW) Snowflake is a data warehouse company that provides infrastructure to enterprises that are serious about unlocking the power of their datasets. Amid macro headwinds, enterprise customers have been pulling back on IT spending while also laying off staff. Such cutbacks have created a pretty unfavorable climate for SaaS (software-as-a-service) firms as a whole. Despite the macro challenges, I remain bullish on SNOW stock for the long haul, given that the firm could be in for rapid growth reacceleration once the economic tides finally do turn. Looking ahead, Analyst Brian White of Monness sees the sluggishness continuing into the coming third quarter, which is on tap for November 29, 2023. White has a Hold rating on the stock and is calling for the eighth straight quarter of slowing sales. White also astutely pointed out that other cloud players have already seen the slowdown show signs of "moderating." Only time will tell if Snowflake can follow in the footsteps of other cloud players who are now being profoundly rewarded for posting better-than-feared results amid macro headwinds. Snowflake's usage-based revenue recognition model has also probably made the recent revenue slowdown look a whole lot worse than it is. On the flip side, once corporate IT spending budgets ramp up, Snowflake's revenue could turn a corner very rapidly. And that could see many investors pile into the stock after a sizeable spike. In short, Snowflake's revenue recognition can make it look worse when times are bad but better when times are good. My takeaway? Don't give up on Snowflake just because it's feeling the effects of the macro environment. Once things normalize, growth could pick up very quickly as secular trends (think AI) begin to take hold. What is the Price Target for SNOW Stock? Snowflake's a Strong Buy, according to analysts, with 23 Buys and five Holds assigned in the past three months. The average SNOW price target of $194.33 implies 20.7% upside potential. MongoDB ( NASDAQ:MDB) Database kingpin MongoDB has been hot of late, with shares now up a whopping 106% year-to-date. The analyst upgrades have also been flowing in rapidly, with the latest hike coming courtesy of Capital One Financial's Connor Murphy, who has a $427.00 price target on the stock. Bank of America Securities also initiated coverage on the stock with a Buy rating and a $450.00 price target, citing enthusiasm for the company's position in the fast-growing NoSQL database market. NoSQL databases go above and beyond SQL (a language used to query relational databases) databases, allowing for better management of a more diverse range of big data sets. Large sets of structured and semi-structured data (data that's not neatly organized in tables) are likely to be more commonplace in the age of AI. Building on the momentum from a surprising Q2 earnings beat ( earnings per share of $0.93 vs. $0.46 estimate), MongoDB stock looks to have a path back to new highs. At 18.5 times price-to-sales, though, the stock trades at a hefty premium to the software infrastructure peer group, which goes for 9.2 times price-to-sales. The stock certainly looks expensive, but relative to its long-term growth, the high price of admission seems more justifiable. As such, I'm inclined to be bullish on the stock. What is the Price Target for MDB Stock? MongoDB stock comes in as a Strong Buy on TipRanks, with 24 Buys, three Holds, and one Sell assigned by analysts in the past three months. The average MDB stock price target of $436.08 implies 12.1% upside. The Takeaway It's time for investors to look beyond mega-cap tech for year-ahead upside. The following tech plays are seen as Strong Buys by analysts. As each firm looks to surpass estimates, I'd look for the price target upgrades to flow in. Of the three names, analysts expect the most gains from Snowflake (20.7%) for the year ahead. Disclosure

In today's video, I discuss recent updates impacting Arm Holdings (NASDAQ: ARM), Microsoft (NASDAQ: MSFT), and other tech giants. Check out the short video to learn more, consider subscribing, and click the special offer link below.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Technology Select Sector SPDR Fund (Symbol: XLK) where we have detected an approximate $792.9 million dollar inflow -- that's a 1.5% increase we

Investors in Advanced Micro Devices AMD need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $105.00 Call had some of the highest implied volatility of all equity o

Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options begin trading today, for the July 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 246 days until expiration the newly trading con

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

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Shares of chip maker Intel ( NASDAQ:INTC ) are on a tear, rising over 57% year-to-date. Further, INTC  stock hit a new 52-week high of $40.84 on November 15 as five-star analyst Vijay Rakesh of Mizuho Securities upgraded the stock to Buy from Hold. While Rakesh has turned bullish, Wall Street analysts’ average price target suggests a pullback in INTC stock. Let’s see why.  Analysts See Challenges Ahead The rally in Intel stock is supported by the company’s solid financial performance throughout this year. It’s worth noting that Intel’s  third-quarter earnings exceeded analysts’ expectations and raised its outlook, signaling a continued improvement in its financials. Additionally, the anticipated rebound in the PC market and massive opportunities led by  AI (artificial intelligence) contribute to INTC stock’s bull case. Looking ahead, Rakesh expects INTC to benefit from “new Server product launches and Foundry customer announcements.” However, Bank of America Securities analyst Vivek Arya believes that the company’s margins will remain under pressure, driven by increased costs related to new products. The analyst lowered INTC’s price target to $32 from $35 and reiterated a Sell recommendation on October 26.   Further, Goldman Sachs analyst Toshiya Hari also maintained a Sell recommendation on Intel stock on October 27. The analyst expects Intel to lose market share in the traditional CPU market to Advanced Micro Devices ( NASDAQ:AMD ). On the other hand, TD Cowen analyst Matt Ramsay and KeyBanc analyst John Vinh reiterated a Hold recommendation on INTC stock following the Q3 earnings print last month.  What is the Stock Prediction for Intel? Overall, Wall Street analysts remain sidelined on Intel stock. It has a Hold consensus rating based on five Buy, 18 Hold, and four Sell recommendations. Further, the  average INTC stock price target of $37.39 implies a downside potential of 7.93% from current levels.  Bottom Line  Intel stands to gain from the recovery of the PC market and the introduction of new products. Additionally, Intel Foundry Services is well-positioned to benefit from the opportunities in the AI market. However, concerns about potential market share losses to competitors and the recent upswing in its stock price could limit the upside potential. Disclosure

In today's video, I discuss recent updates impacting Microsoft (NASDAQ: MSFT), Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC), and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Wayfair Inc (Symbol: W), where a total of 48,459 contracts have traded so far, representing approximately 4.8 million underlying shares. That amounts to about 100.3% of

The semiconductor sector is a vital component of the global tech industry. It includes companies that design and manufacture semiconductors, a key element in electronic devices. These tiny chips are the brains of modern electronics, from smartphones to electric cars. This sector

Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms that - faced with the high cost of delivering artificial intelligence services - are bringing key technologies in-house.

Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms that - faced with the high cost of delivering artificial intelligence services - are bringing key technologies in-house.