Nasdaq AMD

Asian equities saw meagre inflows in October after massive selling in the previous month, and analysts expect fears of a global recession and a stronger U.S. dollar to weigh on near-term money flows into the region.

Advanced Micro Devices (NASDAQ: AMD) reported third-quarter earnings results after the market closed Tuesday, delivering top- and bottom-line performance that fell short of expectations. The semiconductor company also issued guidance that fell short of the average analyst target,

Chipmaker Advanced Micro Devices Inc snatched more share in the lucrative data center market from rival Intel Corp in the third quarter, drawing praise from analysts and sparking a near 5% jump in its stock on Wednesday.

U.S. stock index futures inched higher on Wednesday ahead of a widely expected interest rate hike from the Federal Reserve, with investors looking for signs the central bank could tone down its aggressive stance on future rate hikes.

Image source: The Motley Fool.

So the bullishness in early trading today evaporated the closer it got to the Fed’s decision to raise interest rates another 75 basis points (bps) to a range of 3.75-4.00% tomorrow afternoon. Even though this figure seems to have been baked into the cake as of three weeks

Advanced Micro Devices (AMD) came out with quarterly earnings of $0.67 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.

(RTTNews) - While reporting its results for the third quarter on Tuesday, Advanced Micro Devices, Inc. (AMD) lowered its revenue outlook for the full year 2022.

(RTTNews) - Advanced Micro Devices Inc. (AMD) announced a profit for third quarter that decreased from last year and missed the Street estimates.

The NASDAQ 100 After Hours Indicator is down -18.05 to 11,270.9. The total After hours volume is currently 86,716,366 shares traded.The following are the most active stocks for the after hours session: iShares Short Treasury Bond ETF (SHV) is unchanged at $109.76, with 10,720,48

Chip designer Advanced Micro Devices on Tuesday forecast fourth-quarter revenue below Wall Street estimates, saying a slowing PC market and data center business would weigh on its sales.

Chip designer Advanced Micro Devices on Tuesday forecast fourth-quarter revenue below Wall Street estimates, saying a slowing PC market and data center business would weigh on its sales.

The following companies are expected to report earnings after hours on 11/01/2022. Visit our Earnings Calendar for a full list of expected earnings releases.Advanced Micro Devices, Inc. (AMD)is reporting for the quarter ending September 30, 2022. The electric company company's c

The following companies are expected to report earnings after hours on 11/01/2022. Visit our Earnings Calendar for a full list of expected earnings releases.Advanced Micro Devices, Inc. (AMD)is reporting for the quarter ending September 30, 2022. The electric company company's c

What happened Shares of programmable chip-making company Lattice Semiconductor (NASDAQ: LSCC) surged 8.4% through 10:45 a.m. ET Tuesday after the company beat earnings estimates last night.

Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) are having a brutal year on the market thanks to weak personal computer (PC) sales that have hurt the demand for graphics cards and processors. Both stocks have lost over 50% of their values so far in 2022, but an eme

AMD will report third quarter fiscal 2022 earnings results after the closing bell Tuesday.

After two years of strong pandemic-fueled demand, the PC market has fallen into shambles. Global unit shipments tumbled 19.5% year over year in the third quarter, with weakness in both the consumer and business markets. Supply chain constraints have given way to bloated inventori

Something remarkable happened recently with Intel's (NASDAQ: INTC) stock. The company released its third-quarter earnings report, disappointing investors on earnings and revising its revenue projections lower.

Advanced Micro Devices (NASDAQ: AMD) is slated to release its third-quarter Fiscal 2022 results on November 1 before the market opens. Wall Street expects AMD to post adjusted earnings of $0.70 per share. This is slightly lower than the prior-year earnings of $0.73 per share. Meanwhile, revenue is pegged at $5.65 billion, representing a year-over-year jump of about 31%.

Notably, AMD has a strong track record of reporting an earnings beat. It has beaten estimates in all the preceding eight reported quarters.

On October 6, AMD announced its preliminary Q3 results and cut its revenue outlook. The company now expects to report Q3 revenues of $5.6 billion compared to the previously guided outlook of $6.5 billion - $6.9 billion.

The outlook reduction was attributable to lower-than-expected Client segment revenue due to reduced processor shipments on the back of sluggish PC market demand and major inventory corrective measures across the PC supply chain.

Ahead of the Q3 result, Stifel analyst Ruben Roy reiterated a Buy rating and a price target of $100 on AMD.

Following Intel's (NASDAQ: INTC) Q3 earnings, Roy is bullish on AMD's results and projects AMD's "Genoa" cycle to drive continued share momentum in 2023.

Based on INTC's PC TAM commentary, Roy believes that the "PC market is potentially nearing a bottom."

He further added, "INTC noted that its data center segment continues to grow slower than market as AMD continues to gain share. INTC noted that this dynamic is likely to play out for a few more quarters."

Is AMD Stock a Buy or Sell?

Analysts are cautiously optimistic about AMD stock and have a Moderate Buy consensus rating, which is based on 19 Buys, nine Holds, and one Sell. AMD's average price forecast of $95.34 implies 58.35% upside potential.

Final Thoughts

AMD stock is down almost 60% year-to-date. A positive earnings surprise tomorrow may result in a rebound in the stock's momentum.

Disclosure